Competition Product- Features

7/27/2019 Competition Product- Features

1/77

Name of Product Kotak Safe Investment II Plan Kotak Flexi Plan

Brief Product Description Regular or limited pay market

linked plan with guaranteed

maturity value and higher

allocation rates.

Regular or limited pay market linked

plan with guaranteed maturity value.

FEATURES Guaranteed Maturity Value Guaranteed Maturity Value

Investment Portfolio 6 - Guaranteed Growth,

Guaranteed Balanced, Guaranteed

Bond, Guaranteed Floating Rate,

Guaranteed Gilt, Guaranteed

Money Market

6 - Guaranteed Growth, Guaranteed

Balanced, Guaranteed Bond,

Guaranteed Floating Rate, Guaranteed

Gilt, Guaranteed Money Market

Max equity exposure Maximum Equity Exposure - 40% to

80%

Maximum Equity Exposure - 40% to 80%

Death Benefit Higher of Sum Assured or FundValue. 2 Options

in Sum Assured: Low Cover =

Greater of (5 X Annual Premium,

0.5 X Policy Term X Annual

Premium); High

Cover = Term X Annual Premium.

Sum Assured = Greater of (5 X Annual

Premium, 0.5 X Policy Term X Annual

Premium)

Maturity Benefit Guaranteed Maturity Value or

market value of units in Main

account, whichever is higher

Guaranteed Maturity Value or market

value of units in Main account,

whichever is higher

Top Up Premiums Min - Rs. 10,000 Min - Rs. 10,000


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Partial Withdrawal Investment accessible after

completion of 3 years, with no

penalty charges from year 7

onwards (subject to retaining a

minimum balance of one

annualized basic premium)

Investment accessible after completion

of 3 years, with no penalty charges

from year 7 onwards (subject to

retaining a minimum balance of one

annualized basic premium)

Complete Surrender No surrender allowed in the first 3

policy years. Thereafter surrender

involves a charge till year 7

No surrender allowed in the first 3



LPP 3 pay for 10 year policy term

5,6,7 pay for 10 to 15 years policy

term

10 & 15 pay for policy term of 15

years and above

3 pay for 10 year policy term

5,6,7 pay for 10 to 15 years policy term

10 & 15 pay for policy term of 15 years

and above

Riders 7- Term benefit; Preferred term

Benefit; Critical illness; Accidentaldeath; Permanenet Disability; Life

Guardian; Accidental Death

Guardian.

7- Term benefit; Preferred term

Benefit; Critical illness; Accidentaldeath; Permanenet Disability; Life

Guardian; Accidental Death Guardian.

Other Features

Switching Option 4 free switches per year. Rs 500

additional charge per switch.

4 free switches per year. Rs 500


Revival period 2 yrs 2 yrs

Loyalty units NA NA

CONDITIONS


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Term Min - 10 years

Max - 30 years

Min - 10 years

Max - 30 years

Minimum Premium Rs 15,000 p.a. minimum premiumfor LPP- 50,000/-

Rs 15,000 p.a

Min / Max age at entry Min - 0 years

Max - 65 years

Min - 14 years

Max - 65 years

Max maturity age 75 years 75 years

Vesting Age

Premium Payment Mode Y/H/Q/M (ECS) Y/H/Q/M (ECS)


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KPAP

Future Protect Assure Wealth

Regular and Limited Pay unit

linked plan, maximizes

protection

Regular and Limited Pay

unit linked, maximizes

wealth

Capital guarantee market

linked plan with limited

premium paying term.

Limited premium paying term

with capital guarantee with

maximum exposure to equity

8 - Kotak Aggressive Growth,

Kotak Dynamic Growth, Kotak

Dynamic Balanced, Kotak

Dynamic Floor, Kotak Dynamic

Bond, Kotak Dynamic Floatimg

Rate, Kotak Dynamic Gilt,

Kotak Dynamic Money Market

8 - Kotak Aggressive

Growth, Kotak Dynamic

Growth, Kotak Dynamic

Balanced, Kotak Dynamic

Floor, Kotak Dynamic Bond,

Kotak Dynamic Floatimg

Rate, Kotak Dynamic Gilt,

Kotak Dynamic Money

Market

2 - Advantage MultiplierFund

- Advantage Plus Fund 2

Maximum Equity Exposure -

40% to 100%

Maximum Equity Exposure -

30% to 100%

Maximum Equity exposure - 0%

to 100%

100% of sum assured on death

of life insured (on the second

death, in case of joint life)

Sum Assured (Life Cover) =

Higher of (5 X Total Annual

Premium) and (0.5 X Policy

Term X Total Annual

Premium). On death, higher

of sum assured or fund

value payable

An amount equal to life cover

plus the value of units in the

Main & and Supplementary

Accounts

Life Cover amount - 5 times

first year premium ( 5 yr term)

& 10 times first year premium

( 10 yr term)

Fund Value paid (Withdrawal

option, 5 years after maturity)

Fund Value paid

(Withdrawal option, 5 years

after maturity)

Fund Value or sum of

premiums paid whichever is

higher

25% of cumulative premiums

paid upto that date

25% of cumulative premiums

paid upto that date

Min -Rs 25,000 /- .Max ( 25% of

the total basic premiums paid

to date)

Kotak Headstart Child Plans


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Allowed from year 4 onwards,

No withdrawal charges after

year 7. Withdrawal subject to

a minimum fund balance of Rs.

25,000

Allowed from year 4

onwards, No withdrawal

charges after year 7.

Withdrawal subject to a

minimum fund balance of

Rs. 25,000

In multiples of Rs 25,000/-

subject to a maximum of 2

withdrawals per year

(Withdrawals from the

Supplementary account)

Charges applicable after yr 3.

Yr 4 - 2% Yr5 - 1%

No charges applicable after Yr

5

Allowed only after completion

of 3 years. No surrender

charge from year 7 onwards.

Allowed only after

completion of 3 years. No

surrender charge from year

7 onwards.

No surrender in the last 2

years of the term of the

contract .Charges applicable

after yr 3.

Yr 4 - 2% Yr

5 - 1%

No charges applicable after Yr

5

LPP Term: 3 - 10 years

Min - Rs. 25,000 p.a. for

payment term of 4 - 10

years


payment term of 3 years

LPP Term: 3 - 10 years


payment term of 4 - 10

years


payment term of 3 years

4 - Critical Illness Benefit,

Permanent Disability Benefit,Accidental Death Benefit,

Accidental Disability Guardian

Benefit

3 - Critical Illness Benefit,

Permanent DisabilityBenefit, Accidental Death

Benefit

NA

4 switches free per year 4 switches free per year 4 switches free per year.Every

additonal switch wold be

charged Rs 500 /-

2 yrs 2 yrs 2 years

NA Yes. 1%, 1.5% and 2% of the

fund, allocated at the end

of poliy year 10, 15 and 20respectively

Premium guarantee- sum of

premiums paid whichever is

higher


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Min - 10 years or 18 minus the

younger child's age, whichever

is greater

Max - 25 years

Min - 10 years or 18 minus

the younger child's age,

whichever is greater

Rs 15,000 p.a Rs 15,000 p.a Rs 1,00,000/-

Min - 18 years

Max - 60 years

Min - 18 years

Max - 60 years

12 to 65

Max - 70 years (older

policyholder)

Min - 18 years (younger

beneficiary)

Max - 70 years (older

policyholder)

Min - 18 years (younger

beneficiary)

75 years

Y/H/Q/M (DD) Y/H/Q/M (DD) Limited - 3 yrs


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Kotak Retirement Income Plan Kotak Easy Growth Plan

regular or single premium market

linked pension plan with

guaranteed maturity value; with

and without cover options

Guaranteed Maturity Value for the

regular premium mode

5- Pension Balanced; Pension Bond;

Pension Floating Rate; Pension Gilt;

and Pension Money Market

Maximum Equity Exposure - 30% to

60%

In case life cover has been opted,

sum assured or market value of

units, whichever is higher.

Othwerwise Fund Value. Can be

taken as lump sum or pension.

In case of life cover option, Basic

Sum Assured or market value of

units, whichever is higher.

Otherwise Guaranteed Maturity

Value or market value of units in

Main account, whichever is higher.

Min - Rs. 10,000


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NA

No surrender allowed in the first 3



NA

6- Term benefit; Preferred term

Benefit; Critical illness; Accidentaldeath; Permanenet Disability;

Accidental Death Guardian.

4 free switches per year. Rs 500


2 yrs

NA


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Min - 10 years (single premium- 5

yrs)

Max - 30 years

min premium- 10,000 annually

Min - 18 years

Max - 65 years

75 years

45 to 75 years

Y/H/Q/M (ECS)/Single


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Name of Product Reliance Market Return

Plan

Reliance Golden

Years Plan

Brief Product Description single as well as regular

plan options with rideroptions.

market linked pension

plan without lifecover but with

annuity options.Very

low equity exposure

(max 20%)

FEATURES

Investment Portfolio 4 - capital secure fund,

balanced fund, growth fund,

equity fund

2- capital secure fund;

Balanced fund

Max equity exposureequity fund- upto 100%

baqlanced fund= max

equity 20%

Death Benefit Higher of Sum assured orFund Value.

Fund Value as on thatdate.

Maturity Benefit Fund Value. Settlement

period.

Cash plus Annuity

option

Top Up Premiums Min amt= 2,500/-. Allocation

charge- 2% each.

5% allocation charge

per top-up. Min top

up= 2,500/-

Partial Withdrawal Rs 100 per withdrawal will

be deducted from your Unit

Account. Free withdrawals- 2

per policy year

NA

Complete Surrender Charge levied on unit funddepending on time of

surrender:

Less than 1 year - 100%

1 year premium paid - 50%

2 year premium paid - 20%

3 year premium paid - NIL

4th year- 10%; 5thyear- 5%; and NIL

therafter.

Riders 1- Accidental Death &

disability Rider NA

Other FeaturesSwitching Option 1% of the amount switched,

with a maximum of

Rs.1,000/-. Free switches-

one per policy year

1% of the amount

switched, with a

maximum of Rs.1,000/-

. Free switches- one

per policy year


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Loyalty units NA NA

CONDITIONS

Term 5 to 40 years min term = 5 years

Minimum Premium regular= 10,000/- annually.Single= 25,000/-

min regular/single=10,000/-

Min / Max age at entry 0 to 65 years 18 to 65 yrs

Max maturity age 80 years

Vesting Age 45 to 70 years

Premium Payment Mode Y/H/Q/M/Single Y/H/Q/M/Single


12/77

Name of Product SBI Life Unit Plus II SBI Life Horizon II

Brief Product Description single and regular premium

market linked plan for whole

life as well as limited term.Loyalty units in case of

regular plan

regular premium market

linked plan with automatic

asset allocation.

FEATURES

Investment Portfolio 4- Equity fund, growth fund,

balanced fund, bond fund

3- Equity fund, bond fund,

money market fund

Max equity exposureequity fund = 80% to 100% equity fund = 80% to 100%

Death Benefit Sum Assured or Fund Value,

whichever is higher. In case of

life assured less than 7 yrs of

age, only Fund Value is

payable.

Sum Assured plus Fund

Value, whichever is higher.

In case of life assured less

than 7 yrs of age, only Fund

Value is payable.

Maturity BenefitFund Value. Settlement Period

Fund Value. Settlement

Period

Top Up Premiums Regular= min 3,000/-

Single= min 10,000/- min amt= 1,000/-

Partial Withdrawal First 4 partial withdrawals are

absolutely free. Rs 100 per

additional withdrawal

thereafter. Min amt- 10,000/-

First 2 partial withdrawals

are absolutely free. 1%

charge per additional

withdrawal thereafter. Min

amt- 10,000/-

Complete Surrender Year 4 to Year 10 - 1% of Fund

Value, Year 11 onwards - NIL

Surrender charge= 1% of

fund value

Riders 2- Accidental Death &

Permanent Disability; Critical

Illness NA

Other Features

Switching Option First 4 switches are absolutely

free. Rs 100 per additional

switch therafter. Min amt-

10,000/-

Automatic Asset Allocation

Revival period 5 years 5 years


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Loyalty unitsYes. In case of Regular

Premium Plan s.t. min term of

20 years. At

the end of 8th year- 15% of

average annualized premium

for last 8 years;At the end of 15 years- 25% of

avg ann premium of last 15 yrs;

At the end of 20th yr- 60% of

avg ann prem of last 20 yrs. NA

CONDITIONS

Termwhole life/limited term/regular.

Min term= 5 years 10 to 40 years

Minimum Premium Single= 40,000/- regular=

24,000/- pa. SA goes upto

625% of single premium; anddepends on age slab for

regular prem plans (20 to 50

times) min prem= 12,000 annually

Min / Max age at entry 0 to 65 years 0 to 60 yrs

Max maturity age limited term= 80 years;

wholelife = 99 years 70 yrs

Vesting Age

Premium Payment Mode single/regular/LPP Y/H/Q/M


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Name of Product ING New Future Protect Pension Plan ING High Life

Brief Product Description

market linked pension plan withsystematic withdrawal benefit

regular investment plan with rideroptions.

FEATURES

Investment Portfolio

5- Debt Fund; Secured Fund; balanced

Fund; Growth Fund; equity Fund

5- Debt Fund; Secured Fund;

balanced Fund; Growth Fund; equity

Fund

Max equity exposure Equity fund- min 90% Equity fund- min 90%

Death Benefit

Higher of Sum Assured or Fund Value Higher of Sum Assured or Fund Value

Maturity Benefit

Fund Value at the age of 80 yrs. After

survival upto age of 60 yrs, systematic

withdrawal benefit equal to 5% of the

fund value and additional half percent

on each subsequent policy yr becomes

payable. Fund Value. Settlement period.

Top Up Premiums min amt- 5,000/-

Partial Withdrawal0.25% of the withdrawn amount.

1% of the amt withdrawn s.t. min Rs

100/-

Complete Surrender

4th year- 2.5% of fund value; 5th year

onwards- 1% of the fund value.

4th year- 2.5% of fund value; 5th

year onwards- 1% of the fund value.

Riders

NA

2- Accidental death; Disability &

dismemberment Rider

Other Features

Switching Option

Rs 100 per Switch beyond two free

Switches allowed in a Policy Year.

Rs 100 per Switch beyond two free

Switches allowed in a Policy Year.

Revival period

Loyalty units Systematic withdrawal units.

CONDITIONS

Term5 to 25 yrs


15/77

Minimum Premium annual- 50,000/-

Min / Max age at entry

0 to 70 yrs

Max maturity age yrs

Vesting Age

Premium Payment Mode


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ING High Life Plus ING New One Life ING New Freedom Plan

extension of High Life withhigher protection benefits.

single premium investment

plan with multiple death benefitoptions.

regular investment plan with

maturity as well as survivalbenefit.


balanced Fund; Growth

Fund; equity Fund


balanced Fund; Growth Fund;

equity Fund


balanced Fund; Growth Fund;

equity Fund

Equity fund- min 90% Equity fund- min 90% Equity fund- min 90%


Value till date.

p on : g er o um

Assured or Fund Value;

Option II: Sum Assured plus

Fund Value

Higher of Sum Assured or Fund

Value


period. Fund Value. Settlement period.

Fund Value. Settlement period.

Survival benefit at the end of

10th, 15th ,20th, 25th year each

equal to 25% of Fund Value.

min amt- 5,000/- min amt- 5,000/- min amt- 5,000/-

1% of the amt withdrawn s.t.

min Rs 100/-

1% of the amt withdrawn s.t. min

Rs 100/-

0.25% of the amt withdrawn s.t.

min Rs 100/-

4th year- 2.5% of fund value;

5th year onwards- 1% of the

fund value.


year onwards- 1% of the fund

value.


year onwards- 1% of the fund

value.

2- Accidental death;

Disability & dismemberment

Rider NA

2- Accidental death; Disability &

dismemberment Rider

Rs 100 per Switch beyond

two free Switches allowed in

a Policy Year.

Rs 100 per Switch beyond two

free Switches allowed in a Policy

Year.

Rs 100 per Switch beyond two

free Switches allowed in a Policy

Year.

5 to 25 yrs 5 to 25 yrs 5 to 25 yrs


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annual- 50,000/- 15,000/- annually


yrs yrs

s nge prem um ony


18/77

Name of Product AVIVA Pension Plus AVIVA Treasure Plus

Brief Product Description Regular or single pension plan

with a combination of withprofits and market linked

funds. Introduction of

indexation and ARP

(additional regular premium)

to increase the sum assured.

regular ULIP endowment plan with

only one investment option andminimum maturity value as (AP*

policy term) by adjusting for

partial withdrawals.

FEATURESIndexation rate in line WPI and

available upto 5 yrs before the

term of the policy. On every

policy anniversary, increase theARP by a min of 1,000/-.

Investment Portfolio4- With Profits Fund; Pension

Secured; Pension Balanced;

Pension Growth. 1- Secured Fund

Max equity exposure Pension Growth Fund- 20% to

60% max equity- 20%

Death BenefitFund Value plus all

reversionary bonuses

declared,in case of Pension

With Profits Fund.

Higher of Sum Assured orFund

Value. Additional rider sum assured,

if applicable.

Maturity Benefitcash plus annuity option Fund Value. Settlement period.

Top Up PremiumsMin top-up amt= Rs. 10,000/- Not mentioned.


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Partial Withdrawal

NA

only 4 per policy year from the

accumulation units. Min amt-

5,000/-. Applicable only for 15 yr &

20 yr plans. Withdrawal % are

defined on acumulative basis as

below: 5th policy yr before

maturity- 15% for 15 yr plan & 20%

for 20 yr plan. Increases by 15%

each yr for 15 yr plan & by 20%

each yr for 20 yr plan.Adj factor at

maturity in case of partial

withdrwal: last policy yr- 1.05; 2nd

last policy yr-1.10; 3rd last policy

yr- 1.15; 4th- 1.20; 5th yr from

maturity- 1.25.

Complete Surrender Early Redemption charge

equal to 1-(1/1.05)^n

multiplied by the value of

initial units, where n is 2/3 rd

of the policy term(min/max-

5/10 yrs) less elapsed period.

In case of accumulation units

from top ups - a surrender

penalty of 5%, 3%, and 1% in

1st, 2nd and 3rd year

applicable. No surrender

penalty levied thereafter.

Initial Units: chargeequal to 1-

(1/1.07)^n multiplied by the value

of initial units, where n is policy

term less elapsed period.

In case of accumulation units,

charge equals to 1-(1/(1+x))^N

multiplied by value of

accumulation units. the value of 'x'

depending on the no. of completed

yrs of service: 2 yrs- 5%; 3 yrs-

1.75%; 4 yrs-1.00%; 5 to 9 yrs-

0.75%; 10 to 19 yrs- 0.50%; 20 yrs-

0.25%.

Riders

NA

Accidental Death & Disability rider.Fixed charge of 1.25 per thsd rider

sum assured.

Other Features


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Switching Option 2 free switches per year. 0.5%

of the amount switched

thereafter. Minimum switch

amount - Rs. 10,000/-

NA


Loyalty units

higher allocation rates for

premium contbn more than

10,000.

min guaranteed maturity value =

annual premium multiplied by policy

term.

CONDITIONS

Term

min term- 5 yrs 10/15/20 yrs

Minimum Premium

Regular- 6,000 pa. Single-

1,00,000/-

for 10 yr term- 24,000. other options-

12,000/18,000/36,000/48,000/60,00

0. Sum Assured= 10*AP

Min / Max age at entry 18 to 65 yrs 18 to 50 yrs

Max maturity age 70 yrs 70 yrs

Vesting Age 40 to 70 yrs

Premium Payment Mode Y/H/Q/M/Single Y/H/Q/M


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AVIVA Life Bond Plus AVIVA LifeBond 5 AVIVA Freedom Life

Plan

single premium market

linked plan

5 yr investment plan

for longer termbenefit.

limited term market

linked plan withloyalty additions and

joint life option.

loyalty units = 5% of the

units in the 10th policy

yr and 3.5% on every

subsequent 5th policyyr.

3- Pension Secured;

Pension Balanced;

Pension Growth.

3- Pension Secured;

Pension Balanced;

Pension Growth.

3- Pension Secured;

Pension Balanced;

Pension Growth.

Growth- 30 to 85% Growth- 30 to 85% Growth- 30 to 85%

Higher of Sum Assured

or Fund Value. Additional

rider sum assured, if

applicable.

Higher of Sum

Assured or Fund

Value.


or Fund Value.

Additional rider sum

assured, if applicable.


period.

Fund Value.

Settlement period.

Fund Value plus

Guaranteed additions

Min top-up amt= Rs.

10,000/-

Min top-up amt= Rs.

6,250/-

Min top-up amt= Rs.

6,250/-


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min amt- 5,000/- 4 withdrawals

allowed per year.Min

withdrawal Rs 5000.

4 withdrawals allowed

per year.Min

withdrawal Rs 5000.

In case of accumulation

units from top ups - a

surrender penalty of 5%,

3%, and 1% in 1st, 2nd

and 3rd year applicable.

Early Redemption

charge deducted

from policy value = 1-

1/(1.05)^n where n=

5 yrs less elapsed pd.

In case of

accumulation units

from top ups - a

surrender penalty of

5%, 3%, and 1% in 1st,

2nd and 3rd year

applicable.

Initial Units: charge

equal to 1-(1/1.05)^n

multiplied by the value

of initial units, where n

is policy term less

elapsed period.

In case of accumulation

units, charge equals to

1-(1/(1+x))^N

multiplied by value of

accumulation units. the

value of 'x' depending

on the no. ofcompleted yrs of

service: 2 yrs- 5%; 3 yrs-

1.75%; 4 yrs-1.00%; 5 to

9 yrs- 0.75%; 10 to 19

yrs- 0.50%; 20 yrs-

0.25%.

Accidental Death &

Disability rider. NA

3- Accidental

Death&Disability; CriticalIllness; Hospital Cash

Benefit.


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2 free switches per year.

0.5% of the amount

switched thereafter.

Minimum switch amount -

Rs. 10,000/-

2 switch per year is

free. For additional

switches a charge of

0.5% of the switch

amount, subject to a

max of Rs 500 per

switch. Min switch

amt- 10,000

2 switch per year is

free. For additional

switches a charge of

0.5% of the switch

amount, subject to a

max of Rs 500 per

switch. Min switch amt-

10,000

NA 2 yrs 2 yrs

NA NA

5% of the units at the

10th policy yr and 3.5%

of the units every

subsequent 5th policy

yr.

5 to 25 yrs

premium paying term-

5 yrs only. Policy

term- 10/15/20

10 to 30 yrs. Premium

Paying Term-

3/5/10/15/20/25/30

min single premium-

50,000/-. SA 5 times

single premium

min annual prem-

25,000/-

min annual prem for 3/5

pay- 2,00,000/-. For 10

pay- 25,000/-.


70 yrs 60 yrs 70 yrs

single only Y/H/Q/M Y/H/Q/M


24/77

Name of Product Shriram life Shri Plus (SP) Shriram Life Shri Plus Regular

Brief Product Description single premium market linked

plan with rider options, no top-

ups.

15 yr regular premium market

linked plan with rider options

FEATURES

Investment Portfolio 3- Conservator, Guardian,

Maximus

3- Conservator, Guardian,

Maximus

Max equity exposure Maximus- max 70% Maximus- max 70%

Death Benefit Sum Assured plus Fund Value

till date.

Sum Assured plus Fund Value till

date.

Maturity BenefitFund Value. Settlement period. Fund Value. Settlement period.

Top Up Premiums

Not mentioned

2% allocation charge per top up.

Rs 200 per top up charged as

administrtion expense as well.

Min amt- Rs 5,000/-

Partial Withdrawal 2 withdrawals free per policy

year. Aditional charge of Rs.

100 per withdrawal

thereafter. Min amt- Rs.

10,000/-

2 withdrawals free per policy

year. Aditional charge of Rs. 100

per withdrawal thereafter. Min

amt- Rs. 10,000/-

Complete Surrender

No charges after the first

three years.

surrender charge at the end of

4th yr- 5% of the value of the

units;

end of 5th yr- 4% of the value of

units;end of 6th yr- 3% of value of

units; and NIL thereafter.

Riders Accident Benefit (including

Disability) Rider; Family

Income Benefit Rider.

Accident Benefit (including

Disability) Rider; Family Income

Benefit Rider.

Other Features

Switching Option

2 free switches per policy

year. Additional charge of Rs

100 per switch thereafter.

2 free switches per policy year.

Additional charge of Rs 100 per

switch thereafter.Revival period NA 2 yrs

Loyalty units NA NA

CONDITIONS

Term 5 to 25 yrs 15 yrs


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Minimum PremiumMin SP= 20,000/-. Min SA=

125% of Single Premium

Min annual prem= Rs. 10,000/-.

Max SA can be 15 times of Annua

lPremium



Vesting Age

Premium Payment Mode single premium only Y/H/Q


26/77

Name of Product LIC Market Plus Name of Product

Brief Product Description regular or single premiummarket linked pension plan with

life cover option.

Important Feature

FEATURES Death Benefit

Investment Portfolio 4- bond fund; secured fund;balanced fund; growth fund

Maturity Benefit

Max equity exposure growth fund = 60% to 80% Guaranteed Returns


27/77

Death Benefit In case life cover has beenopted, sum assured plus fund

value as per policy contract.

Othwerwise Fund Value. Can be

taken as lump sum or pension.

Flexibility to choose /

vary Investment and

Death Benefit

Maturity Benefit Cash plus annuity pension Increase / Decrease inSum Assured

Top Up Premiums Min amt - 1,000 and in suchmultiples thereafter.

Increase / Decrease in

Regular Premium

Partial Withdrawal NA Lump sum injection

Complete Surrender No charges after first threeyears.

Partial Withdrawal

Complete Surrender

Riders Accident benefit. Min 25,000 SAand Max= 50 lac(including all LIC

policies taken together)

LPP option

Other Features Riders

Switching Option 4 free switches per year. Rs 100


Others

Revival period 2 yrs Loan

Loyalty units NA

CONDITIONS

CONDITIONS Term

Term min term= 5 years Minimum Premium

Minimum Premium min annual prem= Rs. 5,000/-.Min SA (single)= 25,000/-. Min

SA(regular)= 50,000/-. SA is

20times annualized prem

Min / Max age at entry

Min / Max age at entry 18 to 70 yrs Max maturity age


28/77

Max maturity age 75 yrs Min Sum assured


Premium Payment Mode Y/H/Q/single


29/77

LIC New Jan Raksha Plan LIC Jeevan Anand Plan LIC Jeevan Tarang

endowment assurance plan with

simple reversionary bonuses

declared per thsd of Sum Assured

whole life endowment assurance plan

with simple reversionary bonuses

declared per thsd of Sum Assured

whole life endowment

assurance plan with loyalty

units @ 5.5% of sum assured

for survival beyond the

accumulation period.

Sum Assured plus bonuses declared

till date payable in a lump sum.

Sum Assured plus bonuses declared till

date payable in a lump sum.

I: Death between

Acumulation Period- sum

assured plus reversionary

bonuses declared till date

in a lump sum.

II: deathl after

Accumulation but before

maturty- sum assured plus

5.5% of the sum assured

every year till date of death

payable as lump sum.

Sum Assured plus all bonuses

declared payable as a lump sum.

Sum Assured plus all bonuses declared

payable as a lump sum.

I: Survival upto Acumulation

Period- sum assured plus

reversionary bonuses

declared till date in a lump

sum. II:

Survival after Accumulation

till maturty- sum assured

plus 5.5% of the sum

assured every year payableas lump sum.

Sum Assured plus accrued

reversionary bonus plus terminal

bonus, if any(terminal bonus if

policy is inforce for over 10 yrs)

Sum Assured plus accrued reversionary

bonus plus terminal bonus, if

any(terminal bonus if policy is inforce for

over 10 yrs)

I: Sum Assured plus accrued

reversionary bonus till

reaching the accumulation

period.

II: Sum Assured plus loyalty

additions for surviving

beyond accumulation

period.


30/77

For Single Premium- 90% of

the single premium recd.

For Regular Plan after

accumulation period- 85% of

the basic sum assured.

NA

Accident Benefit (includes both

accidental death & total

permanent disability). Max rider

benefit- Rs 5 lacs

Accident Benefit (includes both

accidental death & total permanent

disability). Max rider benefit- Rs 5 lacs

3- Accident benefit; Term

Assurance; and Critical

Illness Rider

Available @ 9% p.a. payable

half yearly.

Single premium or

Accumulation Term:

10/15/20 yrs

0 to 60 years, nearest

birthday.

Ceasing age for premium

payment- 70 yrs.

100 years.


31/77

Rs 1,00,000/- and in

multiples of Rs. 5,000/-


32/77

LIC New Bima Gold

premium return plan with

extended life cover. Extended

term will be half of policy term

after the expiry of the latter.

I: During policy term: equal to

the basic sum assured under the

plan;

II: During extended term: 50% of

the basic sum assured under the

plan

On exiry of the term, total

premiums paid (basic) till date

less any survival benefits as per

plan below is payed in alump

sum I: For

policy term of 12 yrs- 15% of

basic sum assured at the end of

each 4th & 8th policy yr;

II: For policy term of 16 yrs- 15%

of basic sum assured at the end

of each 4th, 8th & 12th policy

yr; III: For

policy term of 20 yrs- 10% of

basic sum assured at the end of

each 4th, 8th, 12th & 16th policy

yr.


33/77

Accidental Death & Diasbility

Benefit. Available @ Re 1 per

thsd of rider sum assured. Min SA-

Rs 50,000/-

Auto cover facility upto 100% of

basic sum assured for two yrs

from the date of first unpaid

premium, s.t. premiums of first

two policy yrs being paid in full.

Available @ 9% p.a. payable half

yearly.

12/16/20 yrs

min entry age- 14 yrs;

max entry age- 57/51/45 for pay

term of 12, 16, and 20 yrs

respectively

75 years


34/77

Min SA- 50,000 and in multiples

of Rs 5,000/- thereof.


35/77

Name of Product Met Smart Plus Met Advantage Plus

Brief Product Descriptionregular premium market

linked whole life plan

market linked pension plan

with life cover and annuity

options

FEATURES

Investment Portfolio 6- preserver; protector;

moderator; balancer;

accelerator; multiplier

6- preserver; protector;

moderator; balancer;

accelerator; multiplier

Max equity exposuremultiplier= 80% to 100% multiplier= 80% to 100%

Death Benefit Sum Assured or Fund

Value, whichever is

higher. In case of life

assured less than 7 yrs

of age, only Fund Value

is payable.

110% of the fund value on

death during deferment

period.


Period. Cash plus annuity option.

Top Up Premiums min amt= 5,000/- min amt= 5,000/-

Partial Withdrawal2 free per year. Rs 250

per additional withdrawal. NA

Complete Surrender 4th to 10th year,

surrender charges start

from 70% and fall by

10% each policy year till

the 10th year. NIL

thereafter.

Year 4= 4% of first year

regular/single premium;

Year 5= 2% of first year

regular/single premium;

Year 6 onwards- NIL

Riders Accidental death rider;

critical illness rider NA

Other Features

Switching Option 4 free switches per policy

year. Rs 250 per

additional switch.


year. Rs 250 per additional

switch.


Loyalty units NA NA

CONDITIONS

Term no min max min term = 10 yrs

Minimum Premium Min annual prem=

12,000/-. SA follows an

age band.

single= 1,00,000/-;

regular= 10,000/- pa




Premium Payment Mode Y/H/Q/M Y/H/Q/M/Single


36/77

Name of Product Bharti AXA Wealth

Confident

Bharti AXA Future

Confident

Brief Product Description

10 year market linked plan

with loyalty additions

regular market linkedplan with higher sum

assured plus riders as

well as loyalty additions.

FEATURES Sum Assured is only 5times AP

Investment Portfolio4- grow money; steady

money; protect money;

save 'n grow money.

4- grow money; steady

money; protect money;

save 'n grow money.

Max equity exposuregrow money= 80% to 100%

grow money= 80% to

100%

Death BenefitHigher of Sum Assured or

fund Value. In case of life

assured less than 5yrs of


payable.


or fund Value. In case

of life assured less than

5yrs of age, only Fund

Value is payable.

Maturity BenefitFund Value.Settlement

Period.

Fund Value.Settlement

Period.

Top Up Premiums1.5% allocation charge per

top up. Min amt= 5,000/- min amt- 500/-

Partial Withdrawal 2 free withdrawals per

policy year. Min amt=10,000/-. Charge of Rs. 100

thereafter.

2 free withdrawals per

policy year. Min amt=5,000/-. Charge of Rs.

100 thereafter.

Complete SurrenderSurrender values at

different policy years: 1st

year- NIL; 2nd year- 40%;

3rd year- 70%;

4th year- 90%;

5th year- 95%;

6th year+ - 100%

Surrender values at

different policy years:

1st year- NIL%; 2nd

year- 20%; 3rd year-

55%;

4th year- 90%;

5th year- 95%;

6th year+ - 100%

Riders

NA

accidental Death &disability rider; critical

illness rider

Other Features


37/77

Switching Option4 free switches per policy

year. Min switch amt-

2,500/-. Additional charge

of Rs. 100 per switch

thereafter.

4 free switches per

policy year. Min switch

amt- 2,500/-. Additional

charge of Rs. 100 per

switch thereafter.

Revival period 2 years 2 yearsLoyalty units

6th to 10th year- 0.50% of

average policy value of last

36 months;

9th & 10th year- 1% of

average policy value of last

36 months.

7th year- 1% of average

policy value of last 36

mths;

10th year- 1.5% of

average policy value of

last 36 mths;

15th year & every 5 yrs

thereafter- 2.5% of

average policy value in

last 36 mths

CONDITIONSTerm 5 years payment term. Max

policy term- 10 years no min-max.

Minimum Premium

min annual prem= 24,000/-

Sum Assured is only 5

times AP

min prem= 10,000/-

annually. Sum Assured

can be a multiple from

10 to 35 times of AP.

Min / Max age at entry 18 to 60 years 0 to 60 years


Vesting Age

Premium Payment Mode Y/H/Q/M Y/H/Q/M


38/77

Name of Product Tata Invest Assure II TATA AIG Invest Assure

Plus

Brief Product Description regular investment

market linked optionswith elaborated charge

structure and rider

options.

Single premium version of

Invest assure II without anyrider options

FEATURES

Investment Portfolio5- Equity fund; Income

fund; Aggressive growth;

stable growth, short term

fixed income fund

5- Equity fund; Income fund;

Aggressive growth; stable

growth, short term fixed

income fund

Max equity exposure 1. equity fund = not

mentioned.2. Aggressive growth

fund = 50 to 80%.

1. equity fund = not

mentioned. 2.Aggressive growth fund = 50

to 80%.

Death Benefit Higher of Sum assured

or Fund Value.

Higher of Sum assured or

Fund Value.


Period.


Period.

Top Up Premiums Top-Up premium will be

a minimum of

Rs.10,000/- and will be

allowed a maximum two

times a year.

Top-Up premium will be a

minimum of Rs.5,000/- and

will be allowed a maximum

two times a year.

Partial Withdrawal Partial withdrawal can

be repeated but subject

to a maximum of 4 per

policy year, however no

regular partial

withdrawals will be

allowed. There is no

partial withdrawal or

surrender charge for the

first 3 years.

4 times allowed per policy

year. Min withdrawal

amount- 10,000/- No

charges after the first three

yrs.

Complete Surrender 15 year plan- NIL after 5years; 20 & 30 year plan

NIL after 6 years.

Charges start from 30%

or 24% and keep falling

on a quarterly basis.

NIL after the first threeyears


39/77

Ridersaccidental death;

accidental death &

dismemberment; critical

illness; waiver premium;

payor benefit( minors) NA

Other FeaturesSwitching Option First 4 switches are

free. Subsequently

there is a charge of Rs

250 per switch and will

be deducted from the

funds. The charge shall

not exceed a maximum

of Rs 500.

First 4 switches are free.

Subsequently there is a

charge of Rs 100 per switch

and will be deducted from

the funds. The charge shall

not exceed a maximum of

Rs 500.

Revival period 5 years 5 years

Loyalty units NA NA

CONDITIONS

Term 15/20/30 15/20/25/30

Minimum Premium Min- 10,000. SA can be

a multiple of 1.25 or 5

times the annula

premium.

min= 50,000. SA can be a

multiple between 1.25 to 25

times

Min / Max age at entry min age- 0 yrs;

max 15/20/30 pay plans -

60/55/45 yrs

min age- 0 yrs; max

15/20/30 pay plans -

60/55/50/45 yrs


Vesting AgePremium Payment Mode Y/H/Q/M single premium only


40/77

Name of Product Bajaj New Unit Gain Bajaj New Unit Gain Plus

Brief Product Description regular unit linkedplan with equity

index % mid cap fund

potions with many

rider & sum assured

options.

extension of unit again withreduced charge structure.

FEATURESEquity index fund is

marked to NSE Nifty.

Riders can be included

or excluded at any

time.

Increased allocation rate and

reduced administration

charges, with increase in min

premium & reduced Sum

Assured limits.

Investment Portfolio liquid fund; bond fund;

equity growth fund;

equity index fund;

accelerated mid cap

fund.

liquid fund; bond fund; equity

growth fund; equity index

fund; accelerated mid cap

fund.

Max equity exposuregrowth & mid cap fund-

80 to 100%; index

fund- 85 to 100%

growth & mid cap fund- 80 to

100%; index fund- 85 to

100%Death Benefit

Sum Assured or Fund

Value, whichever is


assured less than 7

yrs of age, only Fund

Value is payable.

Sum Assured or Fund Value,

whichever is higher. In case

of life assured less than 7 yrs

of age, only Fund Value is

payable.

Maturity Benefit Fund Value.

Settlement Period


Period

Top Up Premiums

min 5,000/-. Allocationcharge @ 5%


Partial Withdrawal Possible after 3 policy

years. Min withdrawal

Rs. 1000.

Possible after 3 policy years.

Min withdrawal - Rs. 1000.


41/77

Complete Surrender

NIL charges after

three yrs. NIL charges after three yrs.

Riders Accidental Death;

Total/Partial Disability;

Critical Illness;

Hospital Cash; Mahila

Gain

Accidental Death;

Total/Partial Disability; Critical

Illness; Hospital Cash; Mahila

Gain

Other Features

Switching Option 3 free switches would

be allowed every

year. Subsequent

switches would be

charged @ 5% of

switch amount or Rs.

100, whichever is

lower. Min amount-

5,000/-

3 free switches would be

allowed every year.

Subsequent switches would

be charged @ 5% of switch

amount or Rs. 100,

whichever is lower. Min

amount- 5,000/-


Loyalty units

NA NA

CONDITIONSTerm min term -10 years min term -10 years

Minimum Premiummin premium- 10,000/-

pa. max Sum Assured

varies on the age band

and ranges between

20 to 125 times of

Annual Premium.

min premium- 15,000/- pa.

max Sum Assured varies on

the age band and ranges

between 15 to 120 times of

Annual Premium.

Min / Max age at entry 0 to 60 years 0 to 60 years

Max maturity age 70 years. Maturity age

for riders- 65 yrs.

70 years. Maturity age for

riders- 65 yrs.

Vesting AgePremium Payment Mode

Y/H/Q/M (ECS) Y/H/Q/M (ECS)


42/77

Bajaj New Unit Gain Super Bajaj New Unit Gain

Premier SP

Bajaj Allianz Unit Gain

Easy Pension Plus

Bajaj Allianz New

Family Gain

regular market linked planwith higher allocation rates

and higher mortality charges.

single premium marketlinked plan with 105%

allocation on premium

contribution

market linked pensionplan without life

cover with extended

vesting age

market linkedendowment plan with

high equity exposure

options.

105% allocation to funds.

Equity index fund is




bond fund; equity growth fund;

equity index fund;

bond fund; equity growth

fund; equity index fund;

liquid fund; bond fund;

equity growth fund;

equity index fund;

accelerated mid cap

fund.

bond fund; equity

growth fund; equity

index fund;

growth - 80 to 100%; index

fund- 85 to 100%

growth - 80 to 100%;

index fund- 85 to 100%

growth & mid cap fund-

80 to 100%; index fund-

85 to 100%

growth - 80 to 100%;

index fund- 85 to 100%

Sum Assured or Fund Value,

whichever is higher. In case of

life assured less than 7 yrs of


payable.

Sum Assured or Fund

Value, whichever is


assured less than 7 yrs

of age, only Fund Value

is payable. Fund Value

Sum Assured plus

Fund Value. In case of

life assured less than 7


Value is payable.

Fund Value. Settlement Period


Period

Fund Value with open

annuity options.

Fund Value.

Settlement Period

min 5,000/-. Allocation charge@ 2% NA



Possible after 3 policy years.

Min withdrawal - Rs. 1000.

Possible after 3 policy

years. Min withdrawal -

Rs. 5000.


years.


years. Min withdrawal -

Rs. 1000.


43/77

10% in the 4th year and 5% in

the 5 th year, and NIL

therafter.

6% in the 4th year; 4% in

5th year; 2% in 6th year

and NIL therafter.

NIL charges after three

yrs.

NIL charges after three

yrs.

Accidental Death; Total/Partial

Disability; Critical Illness;

Hospital Cash; NA NA

Accidental Death;


Critical Illness; Hospital

Cash;


allowed every year.

Subsequent switches would be

charged @ 5% of switch

amount or Rs. 100, whichever

is lower. Min amount- 5,000/-


allowed every year.

Subsequent switches

would be charged @ 5%

of switch amount or Rs.

100, whichever is lower.

Min amount- 5,000/-

3 free switches would

be allowed every year.

Subsequent switches

would be charged @ 5%

of switch amount or

Rs. 100, whichever is

lower. Min amount-

5,000/-


be allowed every year.

Subsequent switches

would be charged @

5% of switch amount

or Rs. 100, whichever

is lower. Min amount-

5,000/-

2 yrs 2 yrs 2 yrs 2 yrs

NA

105% allocation of the

premium contribution to

the funds chosen NA NA

min term -10 years min term -10 years 5 to 40 years min term -10 years

min prem- 25,000/- pa. max

SA can be 8 to 20 times of

annual premium.

min premium- 50,000/-.

Max SA can be a

multiple from 2 to 10

times of SP 10,000/-

min premium- 5,000/-

max Sum Assured

varies on the age band

and ranges between

10 to 35 times of

Annual Premium.

0 to 60 years 0 to 60 years 18 to 65 years 0 to 60 years

70 years. 70 years. 70 years.

40 to 75 years

Y/H/Q/M (ECS) single premium only regular regular


44/77

Bajaj Allianz Unit

Gain Plus SP

Bajaj Capital Unit

Gain Plan

single premiumversion of New Unit

Gain Plus without

any rider options

regular premiummarket linked plan.

Concept of capital

units introduced to

show a lower

premium allocation

charge structure. First

yr premiums go to

capital units. Renewal

premiums go to

Accumulation Units.





liquid fund; bond

fund; equity growth

fund; equity index

fund; accelerated

mid cap fund.

liquid fund; bond fund;

equity growth fund;

equity index fund;

accelerated mid cap

fund.

growth & mid cap

fund- 80 to 100%;

index fund- 85 to

100%

growth & mid cap fund-

80 to 100%; index

fund- 85 to 100%

Sum Assured or

Fund Value,

whichever is higher.

In case of life

assured less than 7


Value is payable.

Sum Assured or Fund

Value, whichever is


assured less than 7


Value is payable.

Fund Value.

Settlement Period

Fund Value.

Settlement Period

min 5,000/-.

Allocation charge @2%


Possible after 3

policy years. Min

withdrawal - Rs.

1000.


years. Min withdrawal

- Rs. 5000.


45/77

NIL charges after

three yrs.

after three years,

surrender charge will

be (1- (1/1.05)^N) *

value of capital units

s.t. 'N' not higher than

20 yrs.

NA

Accidental Death;


Critical Illness;

Hospital Cash;

3 free switches

would be allowed

every year.

Subsequent switches

would be charged @

5% of switch amount

or Rs. 100,

whichever is lower.

Min amount- 5,000/-


be allowed every

year. Subsequent

switches would be

charged @ 5% of

switch amount or Rs.

100, whichever is

lower. Min amount-

5,000/-

2 yrs 2 yrs

NA NA

min term -5 years min term -10 years

min premium-

25,000/-. Max SA

can be a multiple

from 2 to 10 times of

SP

min premium- 10,000/-

. Max SA can be a

multiple of 20 to 100

times of annual

premium

0 to 65 years 0 to 60 years

70 years. 70 years.

single premium only Y/M (ECS)


46/77

Name of Product Birla Flexi LifeLine

Plan

Birla Flexi Cash Flow Plan Birla Classic Life

Premier

Brief ProductDescription

whole life marketlinked plan with

guaranteed returns of

3% pa on premiums +

top-ups net of all

policy charges and

survival benefits.

market linked plan withguaranteed returns and

regular payouts every 5th

policy year

regular or wholelife market linked

plan with equity

exposure upto 90%

and loyalty units.

FEATURES

Regular payout every 5 years =

minimum of the 'Guaranteed

Fund' or 'Percentage of the Sum

Assured' :

30% -10 years

25% - 15 years

20% - 20 years

15% - 25 years

Investment

Portfolio

Protector, builder, and

Enhancer


Enhancer

Assure, Protector,

builder, Enhancer,

creator, Magnifier

Max equity

exposure Enhancer- 20 to 35% Enhancer- 20 to 35% Magnifier- 50 to 90%

Death Benefit

Higher of Fund Value orGuaranteed Fund Value

or Sum Assured. In case

life assured is less than

a year, higher of Fund

Value or Guaranteed

Fund.

Higher of Fund Value or

Guaranteed Fund Value or Sum

Assured. In case life assured is

less than a year, higher of Fund

Value or Guaranteed Fund.

Higher of Fund Value

or Guaranteed FundValue or Sum

Assured. In case life

assured is less than 5

years, higher of

Fund Value or

Guaranteed Fund.


47/77

Maturity Benefit


Guaranteed Fund Value


Guaranteed Fund Value Fund Value

Top Up Premiums

min 5,000/-. Max:50,000 or annual

premium, whichever is

higher.

min 5,000/-. Max: 50,000 or

annual premium, whichever is

higher.

min 10,000/-. Maxannual premium or

5,00,000/-

whichever is lower.

Partial

Withdrawal

2 free per year.

Subsequent charge of

Rs 100 will be levied

subject to a maximum

of Rs 500.

2 free per year. Subsequent

charge of Rs 100 will be levied

subject to a maximum of Rs

500.

Only 4 partial

withdrawals allowed

per year. 2

withdrawals are free

every year and

additional

withdrawals charged

0.5% of the amountwithdrawn which

cannot exceed Rs.

500

Complete

Surrender

Surrender charges as a

%age of Annual

Premium:-

Year 1 - 100%

Year 2 - 100%

25th Month- 24% which

reduces by 1% every

month and reduces to

zero after he 49th

month.

Surrender charges as a %age of

Annual Premium:-

Year 1 - 100%

Year 2 - 100%

25th Month- 24% which reduces

by 1% every month and reduces

to zero after he 49th month.

Surrender charges

levied as a %age of

Annual Life

Insurance Coverage

Premium payable.

Year 1 - 30%, Year 2 -

20%, Year 3 - 15%,

year 4 - 10%, Year 5 -

8%, year 6 - 6%, year

7 onwards - NIL

Riders Term rider, Accidental

death &

dismemberment,

Criticall illnes, Critical

Illness Plus, Criticalillness Woman, waiver

of Premium.

Term rider, Accidental death &

dismemberment, Criticall

illnes, Critical Illness Plus,

Critical illness Woman, waiver

of Premium.

Term rider,

Accidental death &

dismemberment,

Criticall illnes,

Critical Illness Plus,Critical illness

Woman, waiver of

Premium.

Other Features


48/77

Switching Option 2 switches free. Every

additional charged Rs

100 per switch

2 switches free. Every

additional charged Rs 100 per

switch

2 switches free.

Every additional

charged Rs 100 per

switch

Revival period 2 years 2 years 2years

Loyalty units

guaranteed returns of

3% pa on premiums plus

top-ups net of all

charges.

1. guaranteed returns of 3% pa

on premiums plus top-ups net

of all charges. 2.

Regular payout every 5 years =

minimum of the 'Guaranteed

Fund' or 'Percentage of the Sum

Assured' :

30% -10 years

25% - 15 years

20% - 20 years

15% - 25 years

Guaranteed

Additions to the

Fund Value on the

10th policy

anniversary and on

every 5th policy

anniversary

thereafter upto 2%

of average Fund

Value in the last 60

months.

CONDITIONS

Term

LPP/ Regular upto 100

yrs of age 10/15/20/25

10 to 70 years

depending upon the

term

Minimum

Premium

Min SA- 5,00,000 for 10pay; otherwise 3,00,000

for minors; 2,00,000 for

majors. min 1,00,000/-

min 25,000 pa. SA

has to be a min

multiple of 5 timesthe annual premium

st min SA of

2,00,000/-

Min / Max age at

entry 0 to 65 years; 59 years

for 10 pay. 13 to 65 years

0 to 60 years

depending upon the

term of the plan

Max maturity age

70 years for minors for

all pay options;

70 years for all ages for

10 pay option;

100 years for majors for

15,20,25 or regular pay.

75 years

whole life- 100 yrs;

term plan- 70 years

Vesting Age

Premium

Payment Mode LPP/ Regular LPP/Regular 10/20/30/whole life


49/77

Birla Single

Premium Bond

Birla Prime Life Birla Prime Life

Premier

Birla Flexi Save Plus Birla Life

Companion

Endowment

single premiumwith guarantee of

premium

contribution

single premiumwhole life market

linked plan with

loyalty units and

facility of top-

ups.

single premiumplan with loyalty

units and rider

options.

market linked planwith guaranteed

returns 0f 3% and very

high flexibility of

payment terms.

single fundoption with

guaranteed

addition on

maturity.

sum assured will be

125% of single

premium. NO

MEDICAL TESTS

sum assured will

be 150% of single

premium.

Min SA= 2,50,000/-

.

1. guaranteed returns

of 3% pa on premiums+ top-ups net of all

policy charges and

survival benefits. 2.

Top ups to the extent

of Sum At Risk = SA

less Fund Value. 3.

Mortality charges at

per thsd of Sum At

Risk.

guaranteed

addition of 5% of

Fund Value on

maturity st

regularity of

premiums.

10 year- Protector,

builder, Enhancer;

5 year- Protector

Assure, Protector,

builder, Enhancer,

creator, Magnifier

Assure, Protector,

builder, Enhancer,

creator, Magnifier


Enhancer Balancer

Enhancer- 20 to 35%

Magnifier- 50 to

90%

Magnifier- 50 to

90% Enhancer- 20 to 35% 10 to 25%

higher of fund value

or Sum Assured

higher of fund

value or Sum

Assured

Higher of Fund

Value or Sum

Assured. In case

life assured is less

than 5 years, only

Fund Value.

Higher of Fund Valueor Guaranteed Fund

Value or Sum Assured.

In case life assured is

less than a year,

higher of Fund Value

or Guaranteed Fund.

Sum Assured +

fund Value till

date.


50/77

higher of fund value

or premium

contribution Fund Value Fund Value

Higher of Fund Value

or Guaranteed Fund

Value

Higher of Sum

Assured or Fund

Value.

NA

min 10,000/-. Max

annual premium or5,00,000/-

whichever is

lower.

min 10,000/-. Max

annual premium or5,00,000/-

whichever is

lower.

min 5,000/-. Max:50,000 or annual

premium, whichever is

higher.

NA

NA

Only 4 partial

withdrawals

allowed per year.

2 withdrawals are

free every year

and additional

withdrawals

charged 0.5% ofthe amount

withdrawn which

cannot exceed Rs.

500

Only 4 partial

withdrawals

allowed per year.

2 withdrawals are

free every year

and additional

withdrawals

charged 0.5% ofthe amount

withdrawn which

cannot exceed Rs.

500

2 free per year.

Subsequent charge of

Rs 100 will be levied

subject to a maximum

of Rs 500.

NA

NIL after the first

three years

Nil after the 4th

policy year. 1% in

the 4th year.

Nil after the 4th

policy year. 1% in

the 4th year.

Surrender charges as a

%age of Annual

Premium:-

Year 1 - 100%

Year 2 - 100%

25th Month- 24% which

reduces by 1% every

month and reduces to

zero after he 49th

month.

NIL after first

three years.

Surrender

charges as a

%age of Annual

Premium:-

Year 1 - 100%

Year 2 - 25%

Year 3 - 10%

Year 4 onwards -

Nil

NA NA Term Rider,

Accidental death &

dismemberment,

Criticall illnes,

Critical illnessWoman,

Term rider, Accidental

death &

dismemberment,

Criticall illnes, Critical

Illness Plus, Criticalillness Woman, waiver

of Premium.

Accidental

Death, Waiver of

Premium


51/77

2 switches free.

Every additional

charged Rs 100 per

switch

2 switches free.

Every additional

charged Rs 100 per

switch

2 switches free.

Every additional

charged Rs 100 per

switch

2 switches free. Every

additional charged Rs

100 per switch

NA

NA NA NA 2 years 2 years

NA

Guaranteed

Additions to the

Fund Value on the

10th policy

anniversary and on

every 5th policy

anniversary

thereafter upto 2%

of average Fund

Value in the last

60 months.

Guaranteed

Additions to the

Fund Value on the

10th policy

anniversary and on

every 5th policy

anniversary

thereafter upto 2%

of average Fund

Value in the last

60 months.

1. guaranteed returns

of 3% pa on premiums

plus top-ups net of all

charges.

guaranteed

addtition of 5%

of fund value on

maturity st

regularity of

premiums

5 or 10 years

Min term- 40

years min term- 5 years

min term 6 to 10 years

for minors to majors.

15/20/25/30 or

to age 60. min

duration for to

age 60- 20 years

20,000/-. SA will be125% of single

premium st min of

25,000/-

20,000/-. SA willbe 150% of single

premium st min

30,000/-

min- 50,000. SA =5 times annual

premium st min

2,50,000/- min 1,00,000/- min SA- 75,000/-

8 to 70 years 0 to 60 yrs. 0 to 65 yrs. 0 to 60 yrs 0 to 60 years

80 years 100 years 70 years 70 years 75 years

single premium only

single premium

only

single premium

only single/LPP/regular LPP/Regular


52/77

Birla Life

Comapanion

Money Back

market linkedmoney back plan

with a single

investment option

with guaranteed

additions and

premium waiver

option.

payouts of 100% by

maturity in 16 yr &

30 yr plan & 110%

and 130% in 20 yr

& 24 yr plans

respectively.

Balancer

10 to 25%

Sum Assured + fund

Value on the date

of death


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higher of maturity

benefit or fund

value

NA

NA

NIL after first

three years.

Surrender charges

as a %age of Annual

Premium:-

Year 1 - 100%

Year 2 - 25%

Year 3 - 10%

Year 4 onwards -

Nil

Accidental Death,

Waiver of Premium


54/77

NA

2 years

guaranteed

addtition of 5% of

fund value on

maturity st

regularity of

premiums

16/20/24/30

min SA- 75,000

0 to 60 years

75 years

regular/LPP


55/77

Name of

Product

ICICI Life Time Super ICICI life Link Super ICICI Premier Life Gold

Brief Product

Description

Regular premium

investment plan with loyaltyadditions

Single premium unit

linked investment cuminsurance solution.

Limited premium payment

benefit with freedom tostay invested for longer

durations

FEATURES

Investment

Portfolio

Maximiser, Balancer,

Protecter, Preserver





Max equity

exposure

Maximiser- 75% to 100% Maximiser- 75% to 100% Maximiser- 75% to 100%

Death Benefit Sum Assured or Fund Value.

In case of life assured below

7 yrs- only the Fund Value

will be payable.

Sum Assured or Fund

Value. In case of life

assured below 7 yrs- only

the Fund Value will be

payable.

Sum Assured or Fund

Value. In case of life


the Fund Value will be

payable.

Maturity

Benefit


period upto 5 years.

Fund Value.



Top Up

Premiums


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Partial

Withdrawal

min amount 2,000/- 4th & 5th yr- only once

per policy year upto 20%

of Fund Value. No

restriction thereon.

4th to 10th yr- only once

per policy year upto 20%

of Fund Value , st. bal

avail upto 110% of

Annualised premium. No

restrictions thereon.

Complete

Surrender

Surender value after 3 yrs-

98%; 4th year- 99%' 5th year

onwards- 100%

Surender value after 3

yrs- 96%; 4th year- 98%'

5th year onwards- 100%

Surender value after 3 yrs-

96%; 4th year- 98%' 5th

year onwards- 100%

LPP option NA NA

Riders ADB (accident 7 disability),

CIB, and Waiver of premium

due to total & permanenetdisability

NA ADBR, CIBR

Other Features

Switching

Option


year. Min amount- 4,000/-

4 free switches per

policy year. Min amount-

2,000/-


year. Min amount- 2,000/-

Revival period 2 years NA 2 years

Loyalty units additional allocation of units

every 4th year @ 4% ofannual premium

NA NA

CONDITIONS


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Term 10-75 years

min- 5 years

LPP - 3 years: Policy term

Min - 6, Max - 30;

LPP 5 years: Policy term

Min - 10, Max - 30

Minimum

Premium

18,000/- pa. min SA-

1,00,000/-

SA 125% or 500% of single

premium. Min premiumupto age 44 yrs- 25,000/-

; 45 yrs & above-

50,000/-

3 years - Rs. 1,00,000

5 years - Rs. 60,000

Min / Max age

at entry

0-65 years 0-65 years Min - 0

Max - 69 (3) and 65 (5)

Max maturity

age

75 years 70 years 75 years

Vesting Age

Premium

Payment Mode

Y/H/M single premium only LPP


58/77

ICICI Life Time Plus ICICI Prudential

Investshield New

ICICI Investshield

CashBak

Regular Premium Unit Linked

policy with loyalty units anddouble death benefit

capital guarantee

market linked plan.

capital guarantee market

linked with facility of partialwithdrawal.

Maximiser, Balancer, Protecter,

Preserver

InvestShield - New

fund: balance of growth

and steady returns

Investshield CashBak- new

fund.

Maximiser- 75% to 100% Maximum Equity

Exposure - 0% to 40%

No exposure in equity.

100% in debt, and cash &

money market.

Sum Assured plus Fund Value. In

case of life assured below 7 yrs-

only the Fund Value will be

payable.


Value or Guaranteed

Value, whichever is


assured below 7 yrs-

only the Fund Value or

Guaranteed Value,will

be payable.


Value or Guaranteed

Value, whichever is



the Fund Value or

Guaranteed Value,will be

payable.

Fund Value. Settlement period

upto 5 years.

Fund Value or

Guaranteed Value,whichever is higher.

Fund Value or Guaranteed

Value, whichever ishigher.


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4th to 10th yr- only once per

policy year upto 20% of Fund

Value , st. bal avail upto 110% of

Annualised premium. No

restrictions thereon.

No partial withdrawal

allowed

starting from 6th year,

one per policy year upto

10% of the fund value till

the end of the term. Min

amt- 2,000/-, st

availability of 150% of

fund balance.

Surrender values applicable after

3 policy years - 92%, 4 policy

years - 94%, 5 policy years - 96%,

6 policy years - 98%, 7 policyyears and above - 100%

Surrender values

applicable after three

years-

3 years - 50%4 years - 60%

5 years - 70%

6 years - 80%

7 years - 85%

8 years - 90%

9 years - 95%

10 years and above -

100%

Surrender values

applicable after three

years-

3 years - 50%4 years - 60%

5 years - 70%

6 years - 80%

7 years - 85%

8 years - 90%

9 years - 95%

10 years and above -

100%

Accident and Disability, Critical

Illness, Waiver of Premium NA NA

4 free switches per policy year.

Min amount- 2,000/-

NA NA


starting from the end of 8th

year, additional allocation ofunits every 4th year @ 5% of

annual premium

Premium Guarantee =

Sum of all premiumspaid till date

guaranteed on death

and maturity

Premium Guarantee = Sum

of all premiums paid tilldate guaranteed on death

and maturity


60/77

Min: 10

Max: 30

Min: 10

Max: 30

Min: 10

Max: 30

Min- Rs. 20,000 per annum; Max -

Rs 3,00,000/- per annum

Rs 8000 p.a. Rs 8000 p.a.

Min - 0

Max - 65

Min - 0

Max - 65

Min - 0

Max - 65


Y/H/M Y/H/M Y/H/M


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ICICI lifelink Super

Pension

ICICI Lifetime Super

Pension

ICICI Smart Kid regular

single premium unit

linked pension plan

regular premium unit linked

pension plan with life cover

regular premium market

linkl ed child plan wherethe parent is the life

assured with triple

advantage.







Maximiser- 75% to 100% Maximiser- 75% to 100% Maximiser- 75% to 100%

Fund Value as on that

date. This plan is without

life cover.

Option I - zero Sum

Assured; Option II- upto

AP * term st min of

1,00,000/-

1. Sum Assured paid out

immediately. 2. Future

premiums waived of and

paid by the company till

the end of maturity. 3.

policy benefits continue

for the child.

commute upto one-third

as tax free lump sum ofthe Fund Value and buy

annuity from the balance

amt. 5 annuity options

available.

commute upto one-third as

tax free lump sum of theFund Value and buy

annuity from the balance

amt. 5 annuity options

available.




62/77

NA Allowed after completion

of 5 policy years,

You will be entitled to

make one partial

withdrawal in a policy

year upto a maximum of

25% of the Fund Value,

subject to a maximum of 5

withdrawals during the

entire term of the

policy. The minimum

partial withdrawal amount

is Rs. 2,000

Surrender values after 3

years - 96%, After 4 policy

years - 98% and 100%

after 5 policy years

Surrender values after 3

years - 96%, After 4 policy

years - 98% and 100%

after 5 policy years

NA

ADBR, Premium Waiver,

income Benefit Rider.Income benefit- 10% of

rider sum assured paid out

every year till maturity.

4 free switches allowed

every policy year.

Minimum switch amount

is Rs. 2000


every policy year. Minimum

switch amount is Rs. 2000


every policy year. Minimum

switch amount is Rs. 2000

NA 2 years

NA

NA


63/77


parent- 20 to 60 years;

child- 0 to 15 years

25,000 pa Monthly- 834/-; Half

Yearly- 5000/- ; Yearly-10,000/-

10,000 per annum. Min

Sum assured- 1,00,000/-


10 to 25 years

75 years 75 years parent- 75 years; child- 18

to 25 years


Single premium only Y/H/M Y/H/M


64/77

ICICI Smart Kid Single Premium

single premium market linkl ed

child plan where the parent isthe life assured with triple

advantage.

Maximiser, Balancer, Protecter,

Preserver

Maximiser- 75% to 100%


immediately. 2. policy benefits

continue for the child.


upto 5 years.


65/77

Allowed after completion of 5

policy years,

You will be entitled to make one

partial

withdrawal in a policy year upto

a maximum of 25% of the Fund

Value, subject to a maximum of

5 withdrawals during the entire

term of the

policy. The minimum partial

withdrawal amount is Rs. 2,000

Surrender values after 3 years -

96%, After 4 policy years - 98%

and 100% after 5 policy years

ADBR, Income Benefit Rider.Income benefit- 10% of rider

sum assured paid out every year

till maturity.

4 free switches allowed every

policy year. Minimum switch

amount is Rs. 2000

NA


66/77

parent- 20 to 60 years; child- 0

to 15 years

25000 p.a. Sum Assured= 5

times Annual Premium

10 to 25 years

parent- 75 years; child- 18 to 25

years

Single premium only


67/77

Name of Product HDFC Unit Linked

Endowment

HDFC Unit Linked

Endowment Plus

HDFC Unit Linked

Pension

Brief Product Description Market linked

endowment plan withflexible investment

options and rider

benefits.

market linked

endowment plan withloyalty additions

every year


plan without life coverwith flexible

investment options.

FEATURES loyalty units @ 0.10%of fund value added

every year.

Investment Portfolio Liquid Fund, Secure

Managed Fund, Defensive

Managed Fund, Balanced

Managed Fund, Equity

Managed Fund, GrowthFund

Liquid Fund, Secure

Managed Fund,

Defensive Managed

Fund, Balanced

Managed Fund, EquityManaged Fund, Growth

Fund

Liquid Fund, Secure

Managed Fund,

Defensive Managed

Fund, Balanced Managed

Fund, Equity ManagedFund, Growth Fund

Max equity exposure Growth - 100% Growth - 100% Growth - 100%

Death Benefit


or Fund Value


or Fund Value Fund Value


Period

Fund Value.

Settlement Period

option to commute or buy

annuity

Top Up Premiums min 5,000/- min 5,000/- min 5,000/-

Partial Withdrawal 6 times free in a year.

Additional charge of Rs

250/- per withdrawal

thereafter. Min amount-

10,000/-.

6 times free in a year.



thereafter. Min

amount- 10,000/-.





10,000/-.

Complete Surrender NIL after three years.

Before three years- 30%

of the difference

between expected

annual premium and the

received premium for

the first two years.

NIL after three years.

Before three years-

60% of the difference

between expected

annual premium and

the received premium

for the first year.



of the difference

between expected



the first two years.

Riders Accidental Death, Critical

Illness

Accidental Death,

Critical Illness NA


68/77

Other Features

Switching Option 24 switches free in a

policy year. Additional

switches charged at Rs.

100 per switch

24 switches free in a


switches charged at

Rs. 100 per switch




100 per switch

Revival period 2 years 2 years 2 years

Loyalty units

NA

0.10% of fund value

added every year. NA

CONDITIONS

Term10 to 30 years 10 to 30 years

10 to 40, single- 5 to 40

yrs.

Minimum Premium min premium- 10,000/-.

Max SA = 40 times

Annual Premium


Max SA = 40 times

Annual Premium

min regular premium-

10,000/- min single

premium- 25,000/-

Min / Max age at entry 18 to 65/55 years 18 to 65/55 years 18 to 65/70 years

Max maturity age 65 to 75 years 65 to 75 years 75 years

Vesting Age 50 to 75 years

Premium Payment Mode regular regular regular/single


69/77

HDFC Unit Linked

Pension Plus

HDFC Unit Linked Young

Star

HDFC Unit Linked

Young Star Plus


plan without life coverwith loyalty additions

every year

market linked child plan

with double benefit

market linked child

plan with doublebenefit and loyalty

units

loyalty units @ 0.10% of

fund value added every

year.

loyalty units @ 0.10%

of fund value added

every year.

Liquid Fund, Secure





Liquid Fund, Secure





Liquid Fund, Secure

Managed Fund,

Defensive Managed

Fund, Balanced

Managed Fund, EquityManaged Fund, Growth

Fund

Growth - 100% Growth - 100% Growth - 100%

Fund Value


to beneficiary

immediately; 2. Policy

continues with premium

injections by HDFC

1. Sum Assured paid

out to beneficiary

immediately; 2. Policy

continues with premium

injections by HDFC

option to commute or buy

annuity


Period


Period

min 5,000/- min 5,000/- min 5,000/-





10,000/-.





10,000/-.




thereafter. Min amount

10,000/-.



of the difference

between expected



the first year.



of the difference

between expected annual

premium and the

received premium for the

first two years.


Before three years-

60% of the difference

between expected

annual premium and

the received premium

for the first year.

NA Critical Illness Critical Illness


70/77




100 per switch




100 per switch




100 per switch


0.10% of fund value

added every year. NA

loyalty units @ 0.10%

of fund value added

every year.

10 to 40 years 10 to 25 years 10 to 25 years

min regular premium-

10,000/-


Max SA = 40 times

Annual Premium


Max SA = 40 times

Annual Premium

18 to 65 years 18 to 65/55 years 18 to 65/55 years

75 years 75/65 years 75/65 years

50 to 75 years

regular regular regular


71/77


72/77

Name of

Product

Max NY LifeMaker Pension Max NY LifeMaker Investment

Plan

Brief Product

Description

regular market linked

pension plan

FEATURES

Investment

Portfolio

Secured; Conservative;

Balanced; Growth

Secured; Conservative;

Balanced; Growth

Max equity

exposure

20-70% in growth fund 20-70% in growth fund

Death Benefit Option I: level insurance cover-

higher of sum assured or fundvalue; Option II: increasing

insurance cover- sum assured

plus fund value. in both the

options, if the assured dies

before 10 years, only the fund

value is payable.

Maturity

Benefit

Fund Value Fund Value


73/77

Top Up

Premiums

min 10,000

Partial

Withdrawal

Complete

Surrender

LPP option

Riders Personal Accident Benefit;

Dread Disease Rider

Other Features

Switching

Option

2 switches free per policy

year. Premium redirection

free 3 times per policy year.

3 switches free per policy year.

Premium redirection free once

per policy year.

Revival period 3 years but prior to vesting

period

3 years but prior to vesting

period


74/77

Loyalty units NA In the last year only. Equal to

2.5% of annual target premium

times the policy term but

subject to a max of one year's

annual premium.

CONDITIONS

Term 5 to 52 years 10 to 58 years

Minimum

Premium

10,000 15,000; Min Sum Assured-

75,000

Min / Max age

at entry


Max maturity

age

70 years

Vesting Age 50-70 years

Premium

Payment Mode Y/H/Q/ECS


75/77

Max NY Life Invest Investment

Plan

Option I: level insurance cover-

higher of sum assured or fundvalue; Option II: increasing

insurance cover- sum assured

plus fund value. in both the

options, if the assured dies

before 10 years, only the fund

value is payable.


allowed upto 5 years.


76/77

level death benefit- 20% of

surrender value; Increasing

death cover- 50% of surrender

value. Minimum amount -

Date post:	14-Apr-2018
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