Jeevan Shagun

An Ideal gift for every Indian aged between 8 and 45 yrs

Unique Benefits • Single investment plan for 12 years term • Twice the investment amount is paid on maturity during the last three years with loyalty addition. • Risk cover close to 10 times the investment amount is given during the term of the policy. • SB at the end of 10th year =15% of MSA; at the end of 11th year =20% of MSA. • Tax free guaranteed maturity @12th year=65% of MSA + LA • Premium paid qualify for tax rebate under Sec. 80(C) up to Rs.1,50,000/- and maturity benefits are tax free

PLAN FEATURES

Death Benefit 1) Within 5 years 10 Times of Tabular premium 2) After 5 years 10 Times of Tabular premium plus loyalty addition, if any Survival benefits paid will not be deducted

Survival Benefits 1) At the end of 10th year 15% of Maturity Sum Assured 2) At the end of 11th year 20% of Maturity Sum Assured

Maturity Benefit 12th year

65% of Maturity Sum Assured plus Loyalty Addition, if any

Scenario 1 • • • • • •

Age of customer  22 years Single Investment  Rs. 2,52,390/Maturity Sum Assured  Rs. 5,00,000/Death Sum assured  Rs. 25,48,250/Tax Rebate NIL Rs.0/Risk Cover premium for 12 yrs SP  Rs. 36043/• Net Investment  Rs. 2,16,347/-

Death Benefit Within 5 years Rs. 25,48,250/- is payable to nominee

After 5 years Rs. 25,48,250/- plus loyalty addition is payable to nominee

Survival and Maturity benefit • • • •

Return @10th year  Rs. 75,000/Return @ 11th year  Rs. 1,00,000/Return @ 12th year  Rs. 3,75,000/IRR with respect to Net Investment of Rs.2,16,347/- works out to 7.57% without adding Loyalty addition

Scenario 2 • • • • • •

Age of customer  22 years Single Investment  Rs. 2,52,390/Maturity Sum Assured  Rs. 5,00,000/Death Sum assured  Rs. 25,48,250/Tax Rebate @ 30.9% Rs.75,651/Risk Cover premium for 12 yrs SP  Rs. 36043/• Net Investment  Rs. 1,40,696/-

Death Benefit Within 5 years Rs. 25,48,250/- is payable to nominee

After 5 years Rs. 25,48,250/- plus loyalty addition is payable to nominee

Survival and Maturity benefit • • • •

Return @10th year  Rs. 75,000/Return @ 11th year  Rs. 1,00,000/Return @ 12th year  Rs. 3,75,000/IRR with respect to Net Investment of Rs.1,40,696/- works out to 11.69% without adding Loyalty addition

Liquidity- Surrender First year : Guaranteed Surrender Value will be 70% of the premiums paid excluding taxes and extra premiums Thereafter: Guaranteed Surrender Value will be 90% of the premiums paid excluding taxes and extra premiums.

Liquidity- Loan Loan can be availed after one year. The maximum loan that can be granted as a percentage of surrender value is given hereunder:

Underwriting Rules • Actual sum assured is 9 times of Tabular single premium • Medical requirement as per normal plan (Exclusive Non medical rules for SP not applicable) • All female category –Cat I, II & III allowed subject to limits • Age proofs NSAP-1 & 2 only allowed with suitable age extra, if any • For minor lives and major students upto age 25 yrs – Max Rs. 20 lacs will be allowed without insisting on parents insurance.

USP’s of Jeevan Shagun • Unique combination of investment & insurance. • Maturity sum assured is guaranteed and it is close to twice the investment amount. • Risk cover close to ten times the investment amount is provided. • High tax free returns. • Ideal gift from grandparent to grand children • Can be given as Collateral for housing loan and educational loan • Best way to avail tax rebate up to Rs.1,50,000/under Sec.80( C)