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8/14/2019 Tata Insurance Presentation - IA Gold v1.3 Final2=Mohit Sharma
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Presenting
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Unit Linked Whole Life Insurance Plan
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How InvestAssure Gold works
Protection for whole lifeCoverage till insured turns 100 years of age.
Flexibility to pay premiums
Regular Pay Till Maturity
Limited Pay For 5 Years
Top ups
Loyalty Additions@ 0.25% of units under Regular Premium Account at theend of every 5 years.
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As a Child Plan
Vijay is a 32 year old businessman. His son Aryan is 6 years
old & wants to be a doctor. He is looking for a plan thathelps him in ensuring that his sons future does not sufferdue to any financial constraint.
Ans: InvestAssure Gold is the ideal plan for Vijay as it helps
him to make investments for a short term which will growover time & be available for Aryans Need over the longterm.
He can pay Rs. 1,20,000 annually (10,000 per month) for 5years to secure Aryans future & provide him with aninvestment that can be used by him to fulfill his needs.
Here is an illustration
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As a Child Plan
Till Age100
Vijay PaysRs 1,20,000for 5 Years
Aryan can make partial withdrawals forhis financial needs after he turns 18
Invest Assure
Gold
Life covercontinues
Age 6 Age 18
What happens ifhe does not withdraw
Based on 10% rate of returnassumption
Provided there are no withdrawals tilldate
Age18
Rs.12Lakhs
Age21
Rs.15.46Lakhs
Age25Rs.21.6Lakhs
Age30
Rs.33Lakhs
For Aryans admission-relatedexpenses
For buying a House / CarFor Aryans college expensesFor Aryans marriage or initial
expenses for his clinic
http://images.google.co.in/imgres?imgurl=http://www.nickgibbons.co.uk/photos/graduation/MastersRobes0001.JPG&imgrefurl=http://www.nickgibbons.co.uk/photos/graduationPhotos.html&h=1465&w=1130&sz=171&hl=en&start=4&tbnid=xKUwjWqLfSfghM:&tbnh=150&tbnw=116&prev=/images%3Fq%3Dgraduation%2Brobe%26svnum%3D10%26hl%3Den%26lr%3D%26sa%3DG8/14/2019 Tata Insurance Presentation - IA Gold v1.3 Final2=Mohit Sharma
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As a Child Plan
Fund Value @ 6% @ 10%
Age 18 814512 1204086
Age 21 925188 1546559
Age 25 1097251 2165354
Age 30 1370949 3332947
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As a Child Plan (with Payorbenefit)
Till Age100
In case of Death ofApplicant duringpremium paying
termBalance Premiums willbe paid by Tata AIG Life
Vijay PaysRs 121,037
Annually
Aryan can make partial withdrawals forhis financial needs after he turns 18
Invest Assure Gold
with PB Rider
Life covercontinues
Age 6 Age 18
And if he does not withdraw
Age18
Rs.12Lakhs
Age21
Rs.15.46Lakhs
Age25Rs.21.6Lakhs
Age30
Rs.33Lakhs
Based on 10% rate of returnassumption
Provided there are no withdrawals tilldate
For his Admission relatedexpenses
For buying a House / CarFor his college expensesFor his marriage or initialexpenses for his clinic
http://images.google.co.in/imgres?imgurl=http://www.nickgibbons.co.uk/photos/graduation/MastersRobes0001.JPG&imgrefurl=http://www.nickgibbons.co.uk/photos/graduationPhotos.html&h=1465&w=1130&sz=171&hl=en&start=4&tbnid=xKUwjWqLfSfghM:&tbnh=150&tbnw=116&prev=/images%3Fq%3Dgraduation%2Brobe%26svnum%3D10%26hl%3Den%26lr%3D%26sa%3DG8/14/2019 Tata Insurance Presentation - IA Gold v1.3 Final2=Mohit Sharma
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As a Child Plan
Fund Value @ 6% @ 10%
Age 18 814512 1204086
Age 21 925188 1546559
Age 25 1097251 2165354
Age 30 1370949 3332947
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As a Retirement Plan (RegularPay)
Amit is a 28 year old Marketing manager working with a
large multinational bank. He wants to start saving money tosecure a comfortable retired life after 60.
Ans: InvestAssure Gold is the ideal plan for him as he cancontinue paying premiums as long as he can afford it. After
that, he can choose to opt for the premium holiday or go forfurther top-ups based on his future cash situation. He canpay Rs. 60,000 annually (or 5,000 per month) as regularpremium with a Sum Assured of Rs. 12.6 Lakhs.
He can choose to withdraw the entire amount at 60 forinvestment in annuities or make partial withdrawals (needbased) & continue with life cover till age 100.
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Age 28 Age 60
InvestmentValue
Amit will pay Rs. 60,000Every year till maturity
He would have a sizeableinvestment by retirement
For his needsInvest Assure
Gold
As a Retirement Plan (RegularPay)
Which can be withdrawnpartially or fully
Based on 10% rate of return assumption
Provided there are no withdrawals till date
Till Age100
Life covercontinues
Age55
Rs.63Lakhs
Age60
Rs.1.02Crores
Age65
Rs.1.63Crores
For Financial support if hestarts family at a later age
For purchasing an annuity at 60For a later retirement
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Assuming that Amit retires at age 60, his Fund Value would be:
As a Retirement Plan (RegularPay)
Fund Value @ 6% @ 10%
At Age 60 46,09,712 1,02,81,476
Accumulated funds can be used to purchase an annuity (pension plan) which will
provide an income in his golden years.
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As a Legacy Plan
Sunil is a 40 year old businessman. He wants a legacy plan
that helps him leave behind a huge Lumpsum for his family.
Ans: InvestAssure Gold is the ideal plan for him as he can paypremiums for a limited term of 5 years. After that, he canchoose to go for further top-ups based on his future cash
situation. He can pay Rs. 2,400,000 annually (or 20,000 permonth) as regular premium with a Sum Assured of Rs. 36Lakhs.
His nominee will receive the Sum Assured or Fund Valuewhichever is higher.
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Age 40Age 70
He would leave a sizeableamount for his family
Invest Assure
Gold
As a Legacy Plan
Based on 10% rate of return assumption
Provided there are no withdrawals till date
Till Age100
Life covercontinues
InvestmentValue
Age55
Rs.31Lakhs
Age60
Rs.48Lakhs
Age65
Rs.74.8Lakhs
Age70
Rs.1.15Crores
Sunil can payRs. 2,40,000for 5 years
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As a Legacy Plan
Fund Value @ 6% @ 10%
Age 55 1830858 3122068
Age 60 2236540 4829233
Age 65 2747919 7482785
Age 70 3437285 11596689
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As a Retirement Plan (Limitedpay)
Akash Khanna is a 40 year old Doctor. He earns a sizeable income & wants
to save money in order to secure his lifestyle in his golden years. He doesnot want a plan with a long term commitment due to the cyclical nature ofbusiness.
Ans: He can go for InvestAssure Gold with limited pay option for 5 Years. Hecan also make further top-ups based on his erratic cash inflows & windfallsthat would also enable him to have a higher Sum Assured. He can pay Rs.2,40,000 annually (20,000 per month) with a sum assured of Rs. 36 Lakhs.
He can choose to withdraw the entire amount at 65 for investment in annuitiesor make partial withdrawals (need based) & continue with life cover till age100. Here is an illustration
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Age 40 Age 65
InvestmentValue
Akash can payRs. 2,40,000for 5 years
He will have a sizeableinvestment by retirement
For his needsInvest Assure
Gold
As a Retirement Plan (Limitedpay)
Which can be withdrawnpartially or fully
Age55
Rs.31Lakhs
Age60
Rs.48Lakhs
Age65
Rs.74.8Lakhs
Based on 10% rate of return assumption
Provided there are no partial withdrawals tilldate
Till Age100
Life covercontinues
For unexpected needs likesuddenly getting dependents
For purchasing an annuity at 60As a doctor he would normally
retire at this age
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Assuming that Akash retires at age 65, his Fund Value would be:
As a Retirement Plan (LimitedPay)
Fund Value @ 6% @ 10%
At Age 65 27,47,919 74,82,785
Accumulated funds can be used to purchase an annuity (pensionplan) which will provide an income in his golden years.
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Basic Plan Features
InvestAssure Gold is a long term investment + protection plan.
Minimum Premium Rs. 50,000
Choice of paying premiums for 5 years or till maturity
Issue age is 30 days 70 Years
Maximum Age at Maturity is 100 Yrs.
Flexibility to Choose Sum Assured or Premium Amount.
Sum Assured Premium Multiple: The minimum sum assured is Maximum of
5 times the annual premium or
(70 age at entry) x 0.5 x Annual Premium.
Life cover continues till age 100
Loyalty units @ 0.25% of units under Regular Premium Account at the endof every 5 years.
Maximum Sum Assured multiple 60 Times Annual Premium
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Basic Plan Features
5 fund options WL Midcap Equity Fund, WL Aggressive Growth fund, WL
Stable Growth Fund, WL Income Fund, WL Short Term Fixed Income Fund.
Riders - ADB, ADDL, CI & PB
Top ups available with option of additional Sum Assured
Minimum Top up amount Rs. 25,000
Option to choose premium holiday in case you want to discontinue paying
premiums.
Upon Maturity, he can opt for a Settlement option where he can withdraw thematurity amount in periodic payments over a period of upto 5 years.
Customer has a free look period of 15 days where he can return the policywithin a period of 15 days from the date of receipt if he is not satisfied
Partial Withdrawal / Surrender is allowed after 3 policy Years (subject tocharges)
Surrender value paid will be :
(Regular Fund Value - Surrender Charges) + (Top Up Fund Value - SurrenderCharges)
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Premium Holiday
If policy holder does not pay his premiumafter paying premium for 3 consecutiveyears.
Maximum Period for revival
Once the revival period expires
Once the surrender value goes below oneannual premium
Policy will go on premium holiday
2 years from date of first unpaid premium
The cover and the premium holiday can becontinued at the request of the
policyholder, provided the surrender valuedoes not go below one annual premium.
Automatic termination of policy by paymentof surrender value after deducting relevant
charges
During the premium holiday, premium holiday charge, monthly administration charge and mortality charge will bededucted from the fund.
Premium Holiday (PH) charge- 4% of regular premium.
The PH Charge will be applied till the Premium Paying Term or till the 5th Policy anniversary, whichever is earlier.
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Disclaimers
This material belongs to Tata AIG Life Insurance Company Ltd. Any unauthorized use, reprint orcirculation is prohibited.
This product is underwritten by Tata AIG Life Insurance Company Ltd.
Tax benefits are as per the Income Tax Act, 1938 and are subject to amendments made thereinfrom time to time.
Investments are subject to market risks.
Riders are available at a nominal extra cost.
Past performance is not indicative of future results
The rates of 6% and 10% have been decided by the Life Insurance Council
^ Service tax is payable on life insurance premium as per section 65(105)(zx) of Finance Bill(No.2), 2004 at the applicable rates as per circular number 80/10/2004-S.T. dated September 17,2004 issued by the Government of India, Ministry of Finance and subsequent directions issued bythe authorities from time to time. The service tax component payable by the policyholder atapplicable rates will be stated in the premium notice and the premium receipt for the informationof the policyholder. The company reserves the right to recover from the Policyholder any relatedinsurance levies and duties as imposed by the government, by premium adjustment or other
forms, as we deem appropriate .For Basic policy, service tax is levied on mortality charge and willbe deducted through unit cancellation from the relevant funds. Extra amount is payable for servicetax on rider premium.
Tata AIG Life Insurance Company Ltd. (Reg. No. 110), Regd Off: Peninsula Towers, 6th floor,Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013
Insurance is the subject matter of the solicitation
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Thank You
Prsented by:
Mohit sharma
itsmohitonly@gmail.com