of 32
8/6/2019 Mkt Plus Grk [Compatibility Mode]
1/32
What our customer NeedsToday?
What our customer Needs Toda ?
8/6/2019 Mkt Plus Grk [Compatibility Mode]
2/32
8/6/2019 Mkt Plus Grk [Compatibility Mode]
3/32
8/6/2019 Mkt Plus Grk [Compatibility Mode]
4/32
8/6/2019 Mkt Plus Grk [Compatibility Mode]
5/32
8/6/2019 Mkt Plus Grk [Compatibility Mode]
6/32
8/6/2019 Mkt Plus Grk [Compatibility Mode]
7/32
Maintain Life Style .
Regular flow of Money.
Ensure Growth on investment.
To lead an independent life.
Safety of Investment with regular returns
8/6/2019 Mkt Plus Grk [Compatibility Mode]
8/32
8/6/2019 Mkt Plus Grk [Compatibility Mode]
9/32
Plan Features:Available from age 18 to 80 (65)years
Term (Deferment Period):Minimum 5 yrs
Min.Vesting Age:40 Yrs., Max.:85 (75)Yrs.
M f Pr m Yl Hl l Ml E in l
Minimum Deposit Single Prem.:Rs. 10,000/-,
Minimum Deposit Yearly: Rs. 5000/-
Min. S.A.(in case of with risk option):S.P.
Rs.25,000; R.P. Rs.50,000
Max. S.A.:S.P.: Equal to S.P.; R.P.:20times ofAnnualized Premium
8/6/2019 Mkt Plus Grk [Compatibility Mode]
10/32
Fund Features:Types of Funds & Investment
Pattern
Fund type Govt /
GGS/Corp debt
Short term
investments
Listed equity
Shares
Details/ obj of
fund for risk/return
Bond Not less than60%
Not More than40%
Nil Low risk
Secured Not less than60%
Not More than40%
Not less than 15% &
Not More than 55%
Steady income-lower to mediumrisk
Balanced Not less than
60%
Not More than
40%
Not less than 30%
Not More than 70%
Balanced income
and growth medium risk
Growth Not less than60%
Not More than40%
Not less than 40%
Not More than 80%
Long term Capitalgrowth high risk
8/6/2019 Mkt Plus Grk [Compatibility Mode]
11/32
Fund Features: Flexibility
Benefits The policyholder can switch between any
fund types during the policy term. Within a policy year, 4 switches will be
allowed free of charge.
Subsequent switches shall be @ Rs. 100per switch.
8/6/2019 Mkt Plus Grk [Compatibility Mode]
12/32
An time durin the Term of the Polic
Fund Features: Flexibility
Benefits; Top-up Facility
No Upper Limit,the policyholder can payany amount in multiples of Rs. 1000.
For policy with regular premium mode,payment of such Top-up can be paid if alldue premiums have been paid.
8/6/2019 Mkt Plus Grk [Compatibility Mode]
13/32
Allocation ChargePremium Band (Per
Regular Premium :-Single Premium,Allocation Charges :- 3.3%
Fund Features: Allocation of Units
Allocation charge for Top-up :- 1.25%
ThereafterFirst year2.50%
2.50%
2.50%2.50%
2.50%
16.50%
15.75%
15.00%14.25%
13.50%
5000 to 75000
75001 to 150000
150001 to 300000300001 to 500000
500001 & above
annum)
8/6/2019 Mkt Plus Grk [Compatibility Mode]
14/32
Other Charges
a) Policy Administration Charge
Rs. 60 per month during the First Policy
ear. Rs. 20 per month thereafter, throughout the
policy term.
The charge will be deducted by cancelingthe appropriate number of units.
8/6/2019 Mkt Plus Grk [Compatibility Mode]
15/32
Other Chargesb) Fund Management
Charges(FMC)Fund Type FMC Rate
Bond Fund 0.5%
Secured FundBalanced Fund
Growth Fund
0.6%0.7%
0.8%
The NAV, thus declared, will be net of FMC
8/6/2019 Mkt Plus Grk [Compatibility Mode]
16/32
Other Charges:C) Bid-Offer Spread
Other Charges:
Nil
Nil
8/6/2019 Mkt Plus Grk [Compatibility Mode]
17/32
Other Charges:f) Service Tax Charge
Will be levied only if Life Cover is opted
Present Effective Rate is 12.36% of theLife Cover Charges & Accident Benefit
arges Levied by canceling the units on a monthly
basis, when the Life Cover & Accident
Cover charges are deducted.
8/6/2019 Mkt Plus Grk [Compatibility Mode]
18/32
Other Charges:g) Miscellaneous Charge
Charge levied for alterations within thecontract, such as, reduction in policyterm, change in premium mode to lower
,after issue of policy etc.
The charge will be @ Rs. 50 which will
be levied by canceling the units.
8/6/2019 Mkt Plus Grk [Compatibility Mode]
19/32
8/6/2019 Mkt Plus Grk [Compatibility Mode]
20/32
BENEFITSa) Benefits on Death before vesting
If the policy is With Risk Cover the Sum
Assured + Fund Value on the date of bookingof liability
If the policy is Without Risk Cover the
liability.
The benefit may be got in a lump sum or inthe form of pension.
The pension will be based on the thenprevailing immediate annuity rates.
8/6/2019 Mkt Plus Grk [Compatibility Mode]
21/32
Death Benefits in Lapsed policy
(With or without Risk Cover)
Where the policy lapses without
payment of 3 years premiums, then,only the Fund value of the units held in
payable.
The benefit may be got in a lump sum
or in the form of pension. The pension will be based on the then
prevailing immediate annuity rates.
8/6/2019 Mkt Plus Grk [Compatibility Mode]
22/32
Death Benefits in Lapsed policy Duringthe Revival period
Where the policy lapses after payment
of 3 years premiums, & policy is WithLife Cover & the death claim arisesduring the Revival Period the Sum
be payable. If the policy is Without Life Cover then
only the Unit Value shall be payable.
The benefit may be got in a lump sumor in the form of pension.
The pension will be based on the then
prevailing immediate annuity rates.
8/6/2019 Mkt Plus Grk [Compatibility Mode]
23/32
Benefit on Vesting
Option of commutation of One-Third of theFund Value.
Remaining fund should be utilized toprovide an annuity based on the then
prevailing immediate annuity rates underthe relevant annuity option.
Policyholder has to intimate about the
choice of annuity option 6 months prior tothe date of vesting.
Option to purchase the annuity from any
8/6/2019 Mkt Plus Grk [Compatibility Mode]
24/32
The benefits payable under such type of
lapsed policy during Revival Period
a) Incase of Death :- SA + Unit Value, if Life cover isopted for, & only Unit Value, if life cover is not
opted for.b) Death due to Accident :- Basic SA + AB SA +
Unit Value, if AB is opted for.
c n case o surren er :- un va ue o n s w epaid after completion of 3 policy years.
d) On vesting :- Fund Value
e) Compulsory surrender :-
f) i) The Unit Account falls below the oneannualized premium at any time during the term.
g) ii) in case the policy is not revived during theRevival Period.
8/6/2019 Mkt Plus Grk [Compatibility Mode]
25/32
Increase/Decrease in
benefitsNo increase or decrease in benefits will
be allowed.Partial withdrawals
Partial withdrawals will not be allowed.
Days of Grace
A grace period of ONE Calendar month butnot less than 30 days will be allowed.
8/6/2019 Mkt Plus Grk [Compatibility Mode]
26/32
Commission to agents
Type of premium Rate of commission
Regular premium First Year :- 7.5%
Thereafter :- 2%
Top up premium 1%
Bonus commission Not Available
8/6/2019 Mkt Plus Grk [Compatibility Mode]
27/32
USPs of Market Plus I
A Unit-linked Pension Plan both with & Without RiskCover
You can buy up to age 65 yrs (with life cover) & evenup to age 80years Without life cover
Single premium facility available besides other modes Unlimited Top-Up facility.
Benefits On death = Sum Assured + Fund Value
Reduced Fund Management charges.
Flexibility in risk cover
Critical Illness Cover Up to Rs.10 lacs
8/6/2019 Mkt Plus Grk [Compatibility Mode]
28/32
Where is Customer..
Those who are not covered under any PensionScheme. ( Businessman,professional like Dr. eng.etc)
Youn Executives workin in call centers BPOs IT
executives .. Retired /VRS persons who need more pension tomaintain their life style
Early start for those who require Double Income inearly age.
Those having no time to Invest Their money inMarket
TO meet above customer You should know
8/6/2019 Mkt Plus Grk [Compatibility Mode]
29/32
ILLUSTRATION
INVESTMENT IN SINGLE MODE
8/6/2019 Mkt Plus Grk [Compatibility Mode]
30/32
Get 754402 p.a. by paying 50 Lac
One Time OnlyYr Age Prem. ALO.Chg%
Admchg
Elg.Prem
.FundValue
Net FundInves.
ProjectedValue @10%
1 40 50 lac 3.3 720 4834280 4834280 4834280 5317708
3 42 0 0 240 -240 5848975 5848975 6433872
5 44 0 0 240 -240 7076756 7076756 7784431
7 46 0 0 240 -240 8562370 8562370 9418607
9 48 0 0 240 -240 10359964 10359964 11395960
12 51 0 0 240 -240 13788318 13788318 15167149
8/6/2019 Mkt Plus Grk [Compatibility Mode]
31/32
Cont
Commutation Value Of Rs 50 lac ( TAX
FREE ) Available on Maturity .Balance Rs 10167149 will be converted in
pension .
Pension payble : Rs 60,070 p.m
or 7,54,402 p.aOn Death Rs 101.67 lac to nominee
8/6/2019 Mkt Plus Grk [Compatibility Mode]
32/32