INSURANCE INSIGHTS
|
JULY 2017
14
15
JULY 2017 |
INSURANCE INSIGHTS
Insurer Name
HDFC Standard Life Insurance Company
Ltd.
Birla Sun Life Insurance Company Ltd
TATA AIA Life Insurance Company Ltd.
HDFC Standard Life Insurance Company Ltd.
Product name
HDFC SL ProGrowth Flexi
BSLI Wealth Aspire Plan - Classic Option
TATA AIA Life Insurance Fortune Pro
HDFC SL Crest
Illustrative Maturity Benefit at
4% and 8% return for Premium
R
2,50,000 p.a. for a 35 year
old Male, non-smoker.(as per
insurer's illustration)
(Premium excluding taxes,
surcharge & cess)
R
61,73,825 (at 4%)/
R
96,33,496 (at 8%)
PPT - 20 years, PT - 20 years, Here maximum
premium of
R
1 Lakh is considered.
R
38,82,341 (at 4%)/
R
70,95,561 (at 8%)
PPT - 10 years, PT - 20 years
R
34,95,076 (at 4%)/
R
63,71,845 (at 8%)
PPT - 10 years, PT - 20 years
R
13,32,867 (at 4%)/
R
18,30,206 (at 8%)
PPT - 5 years, PT - 10 years
Key Plan Features
Regular Premium Payment plan with 2 plan
options and a choice of investment in 4 fund
options.
Guaranteed Additions in the form of ad-
ditional units will be added to your policy
and top up option available.
Flexibility to pay premium one time or for a limited period &
receive regular Loyalty Additions to boost investments.
Provides a choice of investment in 4 fund options.
Entry Age(Min/Max)
14/65 years (Life Option)
18/55 years (Extra Life Option)
30 days/50 (5 Pay), 55 (6 & 7 Pay), 60
years (8 Pay & above)
30 days/59 years
14/55 years
Maturity Age(Min/Max)
24/75 (Life Option), 24/70 years (Extra Life
Option)
18/70 years
18/75 years
24/65 years
Premium paying options
Regular Pay
Limited Pay, Regular Pay
Single Pay, Limited Pay, Regular Pay
Limited Pay
Premium Paying Term(PPT)/
Policy Term(PT)
10 to 30 years
5 to 40 years
SP, LP- 5,7,10 years, RP&LP – 15 & 20 years/15 to 40 years 5/10 years
Premium mode
Annual, Half-yearly, Monthly
Annual, Half-yearly, Quarterly, Monthly
Annual, Half-yearly, Quarterly, Monthly, Single
Annual
Sum assured (Min/Max)
Age<45 years:
Higher of 10 x AP or 0.5 x PT x AP/40 x AP
Age >=45 years: Higher of 7 x AP or 0.25 x
PT x AP/40 x AP
Age<45 years:
Higher of AP x 10 or AP x PT/2
Age>45 years:
Higher of AP x 10 or AP x PT/4
SP - 1.25 x SP
LP - Higher of 10 x AP or 0.50 x PT x AP / 30 x AP for entry
age 0-29 years*
Age<45 years: 10 x AP / 20 x AP
Age>=45 years: 7 x AP / 20 x AP
Minimum Annual Premium
R
24,000
R
30,000
R
50,000 (LP/RP)
R
50,000
Plan options
Life Option, Extra Life Option
BSLI Wealth Aspire - Classic Option
Not Available
Not Available
Premium Allocation Charges*
Year 1&2 : 7.5%, Year 3-5 : 5%
Year 1/Premium Band* 1 - 7%, Year 2+/
Band* 1 - 5%
Year 1&2 : 6%, Year 3-5 : 5.5%, Year 6-7 : 4.5%, Year 8-10 :
3.5%, Year 11+ : 2%, SP - 3%
Year1&2 : 4%, Year 3 : 3%, Year 4&5 : 2%
Maturity Benefit*
Fund Value
Fund Value
Settlement Option Available
Fund Value
Fund Value
Death Benefit*
Highest of:
Before attainment of age 60 years -
-Sum Assured (less all withdrawals made
during the two year period immediately pre-
ceding the date of death)
-The total fund value
- Minimum death benefit of 105% of the
premiums paid
On or after attainment of age 60 years -
-Sum Assured (less all withdrawals made
after attainment of age 58)
-The total fund value
-Minimum death benefit of 105% of the
premiums paid
^
Highest of -
Basic Fund Value or Basic Sum Assured
In addition, higher of
Top-up Fund Value or Top-up Sum Assured
Higher of:
- Higher of Sum Assured net off all “Deductible Partial
Withdrawal” or Fund Value
- 105% of the total premiums paid
Highest of:
Before attainment of age 60 years:
-Sum Assured (less all withdrawals made during the two year
period immediately preceding the date of death)
-The total fund value
On or after attainment of age 60 years:
-Sum Assured (less all withdrawals made after attainment of age
58)
-The total fund value
SAVINGS PLANS (ULIP)
SAVINGS PLANS (ULIP)
