UNIT LINKED

INSURANCE
PRODUCTS
For Last Five Years all
Insurance Companies are in
the Market with their ULIP
Products.
After imposition of
Minimum Lock in Period
by IRDA , all companies
launched new (ULIP)
products
Unit Linked Products
are.
Flexible.
Transparent.
Easy to understand.
Provide Better
Returns
Having More
We will have
a Study of
Endowment type plans
of these companies.
Life Link Super- A Single Premium Policy
.
Life Time Plus – A Regular Premium Policy.
Premier Life Gold - A Limited Payment Policy.
 Life Link Super: A Single Premium Insurance Plan

Age O-65 yrs, maturity 70 yrs

Term Min. 5 Yrs.

Min Premium Upto 44yrs- Rs.25000, than Rs. 50000

Fund Types Four, (FMC- 0.75%-2.25%)

Switching Charges 4 free, then 100/- per switch

Policy Adm..Charge @ Rs. 20/-p.m.

Premium Allocation Rs.25000-Rs49,999 # 6%

Charge Rs.50,000-Rs99,999 # 4%
Rs.1,00,000-Rs.4,99,999 # 2%, Above- Nil.
Surrender Charges 3 years- 4%
4 years- 2%
5 years and above- Nil
 Premier Life Gold : A
Limited Payment 3 and 5 yr term Plan.

Prem pay term 3 years 5 years

Minimum Premium Rs.1,00,000 Rs. 60,000

Entry 0-69 0-65
Min Term 6 yrs 10 yrs
Max. maturity 75 yrs 75 yrs

Allocation Charges Year1 - 12% Year1 - 12%

Year2 - 4% Yr.2,3 - 4%
Year3 - 4% Tr. 4,5 - 2%
Pol. Adm.Charges. Rs. 60/- p.m. Rs. 60/- p.m.

Surrender Charges Same as earlier Same as earlier

 Life Time Plus : A regular Premium Plan
Age O-65 yrs, maturity 75 yrs
Term Min. 10-30 Yrs.
Min-Max Premium Rs. 20,000 to Rs. 3,00,000 p.a.
Fund Types Four, (FMC- 0.75%-1.50 %)
Switching Charges 4 free, then 100/- per switch

Policy Adm.Charge @ Rs. 60 /-p.m., if prem. stopped before 5 yrs than

additional Rs. 60/-p.m. upto completion of 5 Yr.
term
Premium Allocation Year1 - 25%
Charge Year2 - 25%
Year 3,4 – 3%, then 1%
Surrender Charges 3 years- 8%
4 years- 6%
5 years- 4% 6 years 2% and above- Nil
 Please Note

In Premium Allocation:

ICICI is charging
at the rate of 25%
in first two years
Unit Linked Endowment

.
A Regular Premium Policy

Unit Linked Endowment Plus

Another Regular Premium Policy
 Unit Linked Endowment
Age 18-65 yrs, maturity 75 yrs
Term 10-30 years
Min Premium Rs. 10,000
Fund Types SIX, FMC- 0.80%
Switching Charges 24 free, then 100/- per switch
Policy Adm..Charge @ Rs. 20/-p.m., revival charge-250/-

Premium Allocation Up to Rs. 1,99,999 - 30 % in Yr. 1 & 2, then- 1%

Charge 2,00,000-4,99,999 - 20 % in Yr. 1 & 2, then- 1%
5,00,000-9,99,999 - 15 % in Yr. 1 & 2, then- 1%
Surrender Charges It is equal to 60 % of the difference between
the regular premiums expected & received in
the first year of the contract.
 Unit Linked Endowment plus
Age 18-65 yrs, maturity 75 yrs
Term 10-30 years
Min Premium Rs. 10,000
Fund Types SIX, FMC- 0.80%
Switching Charges 24 free, then 100/- per switch
Policy Adm..Charge @ Rs. 20/-p.m., revival charge-250/-

Premium Allocation Upto Rs. 1,99,999 - 60 % in Yr. 1, then- 1%

Charge 2,00,000-4,99,999 - 40 % in Yr. 1, then- 1%
5,00,000-9,99,999 - 30 % in Yr. 1, then- 1%
Surrender Charges It is equal to 60 % of the difference between
the regular premiums expected & received in
the first year of the contract.
 Additional Benefits

Regular Loyalty Units:.

Plan gives you a Regular Loyalty Units to
boost your fund value every year
At the end of every year 0.1% of units will be
added in the fund I policy is in force.
Switching Charges:
As many as 24 free switches are provided in
a policy year.
 Please Note
In Premium Allocation:
HDFC is charging
at the rate of 30% in first two years
in Unit Linked Endowment and
at the rate of 60% in First year in
Endowment plus
New Unit Gain Premier SP
A Single Premium Policy

New
. Unit Gain –
A Regular Premium Policy.
New Unit Gain –
A Regular Premium Policy.
 New Unit Gain Premier SP
Age O-60 yrs, maturity 70 yrs

Term Min. 10 Yrs.

Min Premium 50,000

Fund Types Four, (FMC- 2.75 %) HIGHEST (at least 1%

more)
Switching Charges 3 free, then 100/- per switch

Policy Adm.Charge @ Rs. 50/-p.m.for 5 yrs. Inflating @5% every

year. May be revised upto 120%
Premium Allocation
Charge 105% of the Single Premium
Surrender Charges 3 years - 6%
4 years - 4%
5 years – 2% and above- Nil
 New Unit Gain
Age O-66 yrs, maturity 70 yrs

Term Min. 10 Yrs.

Min Premium 10,000 Yly.

Fund Types Four, (FMC- 0.95%-1.75%)

Switching Charges 3 free, then 100/- per switch

Policy Adm..Charge @ Rs. 50/-p.m. increasing @5% annually.

Premium Allocation Year 1 – 71.5 %

Charge Year 2 – 7%
Year 3 – 6% and 4% thereafter. Top ups- @5%
Surrender Charges 3 years- 4%
4 years- 2%
5 years and above- Nil
 New Family Gain
Age O-60 yrs, maturity 70 yrs

Term Min. 10 Yrs., Maturity-70 yrs.

Min Premium 10,000 Yly.

Fund Types Four, (FMC- 0.95%-1.75%)

Switching Charges 3 free, then 100/- per switch

Policy Adm..Charge @ Rs. 50/-p.m. increasing @5% annually.

Premium Allocation Year 1 – 70 %

Charge Year 2 – 3% and thereafter.
Top ups allowed @ 2% (max-25% of Prem.
paid)
Surrender Charges 3 years- 4%
4 years- 2%
5 years and above- Nil
 Please Note
In Premium Allocation:
BAJAJ Allianz is charging
at the rate of 71.5 % in Unit Gain
and
at the rate of 70% in Family Gain
in first year.
UNIT PLUS II - A Single Premium Policy
UNIT
.
PLUS II - A Regular Premium Policy.
 UNIT PLUS II Single
Age O-65 yrs, maturity as per term chosen.

Term Whole life option – Life cover till age 99

Limited Term option- 5-40 yrs. (Maturity 80 yrs).
Min Premium 40,000. Max No Limit ( SA. 125% or 625% of SP)

Fund Types Four, (FMC- 1-1.5 %),

Switching Charges 4 free, then 100/- per switch

Policy Adm..Charge @ Rs. 60/-p.m.for FY 2006-07. Inflating @2%

from 1st April every year. Max. 300/-
Premium Allocation
Charge 2% of the Single Premium
Surrender Charges Year 4 to Year 10 – 1% of Fund
Value.
 UNIT PLUS II Regular
Age O-65 yrs, maturity as per term chosen.
Term Whole life option – Life cover till age 99
Limited Term option- 5-40 yrs. (Mty. 80 yrs).
Min Premium 24,000 . Max No Limit ( SA. Up to 50 times for
Age 0-40 , up to 40 times for age 41-50 )
Fund Types Four, (FMC- 1-1.5 %),
Switching Charges 4 free, then 100/- per switch

Policy Adm.Charge @ Rs. 60/-p.m.for FY 2006-07. Inflating @2% from

1st April every year. Max. 300/-
Premium Allocation Prem. Year 1st 2nd/3rd 4th 5th onwards
Charge
24000-100000 25% 7.5% 5% 2%
100100-500000 15% 5% 5% 2%
Surrender Charges Year 4 to Year 10 – 1 % of Fund Value.
 Key Features:
• SBI Life provides A guaranteed addition
by way of free Allocation of units to its 20
years and above policies.
In 8th year- equal to 15% of Annualized Average Prem.
In 15th year- equal to 25% of Annualized Average Prem.
In 20th year- equal to 60% of Annualized Average Prem.
But here again we find that

UNIT PLUS II Provided by SBI Life

comes out to be attractive amongst all
the private companies,
but when we talk about Surrender
Charges, they are charging up to 10th
Year,
which gives losses to our money.
 Summary of Allocation Charges
1st Year 2nd Year 3rd Year 4th Year 5th Year and
thereafter
ICICI Life time
Plus 25% 25% 3% 3% 1%
HDFE
Endowment 30% 30% 1% 1% 1%
HDFC
Endowment 60% 1% 1% 1% 1%
Plus
Bajaj
Unit Gain
71.5% 7% 6% 4% 3%
Bajaj Family Gain
70% 3% 3% 3% 3%
SBI
Unit Plus II
25% 7.5% 7.5% 5% 2%
The Final Verdict
Allocation Charges are very high in
regular unit linked policies of all
private insurance companies.
 Money Plus Regular
Age O-65 yrs,
Term 5-20 years.
Min Premium 5,000 Lowest amongst all.. Max No Limit
( SA. Up to 20 times)
Fund Types Four, (FMC- 0.75 % – 1.50 %),
Switching Charges 4 free, then 100/- per switch

Policy Adm..Charge @ Rs. 60/-p.m.for 1st policy year.

Reducing to @ 20/- p.m. 2nd Year onwards.
Premium Allocation Prem Year 1st 2nd/3rd 4th
Charge onwards
5,000 - 75,000 26.5 % 5% 2.5 %
75,001 - 1,50,000 25.5 % 5% 2.5 %
1,50,001 - 3,00,000 24.0 % 5% 2.5 %
Surrender Charges No surrender Charges after Lock in
period of Three Years.
 Money Plus regular:

It is important to understand that:

Less Allocation Charges
> More Allocation
> More Investment
> More Returns of Fund.
AND there is No Surrender Charges
at ALL with LIC
so no faulty deduction on my earned
fund
How you are going to position

“MONEY PLUS”
in the market ?
 TELL YOUR CUSTOMER TO
TAKE THIS POLICY ONLY FOR
FIVE YEARS
AND
PAY ANNUALISED PREMIUM
ONLY FOR THREE YEARS
IT WILL BE JUST LIKE A FIXED
DEPOSIT IN CAPITAL MARKET
CUM ATM(ANY TIME MONEY)
FOR TEN YEARS !!!
 HOW IT WILL WORK ?
• Auto cover facility for TWO years
• Partial withdrawal facility after 3 years
• Mortality charges likely to reduce to ZERO
within three years
• 4th & 5th Premium can be paid using partial
withdrawal facility
• No concept of interest on loan
• No concept of revival or late fee
HOW THE POLICY WILL RUN
FOR 5 YEARS MORE AFTER
MATURITY ?

IRREGULAR
SETTLEMENT OPTION
 HOW IT IS GOING TO BENEFIT
CUSTOMERS ?
• Work just like ATM
• Balance money remains invested in equity
• No charges at all except FMC (1.5%)
• Can be salary income for next 5 years
• Can be future provision- son’s education
• Can be future provision- daughter’s study
• You can time it up and down of SENSEX
 CAGR Since Inception…
Under Risk/Growth Fund - As on 31.12.2006

ULIP Plan NAV CAGR

Bima Plus 38.9064 25.96%
12.02.2001
Future Plus 15.8846 28.86%
04.03.2005
Jeevan Plus 14.2724 34.42%
18.10.2005
Market Plus 11.0725 23.17%
05.07.2006
 HOW THE PLAN WILL WORK ?
YE PREM MONEY FUND VALUE AT THE END OF
BACK (in Lacs)
AR
10% BIMA+ FUTURE+ JEEVAN+
27.71 32.34
24.46
1st 100000 - 0.80 0.90 0.93 0.95

2nd 100000 - 1.92 2.30 2.37 2.46

3rd 100000 - 3.15 4.02 4.19 4.42
4th - 100000 3.43 4.96 5.28 5.71
5th - 100000 3.74 6.19 6.87 7.96
20th 14.65 161.18 264.21 524.13
Another unique feature….

Income tax benefit u/s 80C on

Premium upto Rs 100000
&
Tax-free partial withdrawal and
maturity proceeds u/s 10(10D)