An Ideal gift for every Indian aged between 8 and 45 yrs
Unique Benefits
• Single investment plan for 12 years term
• Twice the investment amount is paid on maturity during
the last three years with loyalty addition.
• Risk cover close to 10 times the investment amount is
given during the term of the policy.
• SB at the end of 10th year =15% of MSA; at the end of 11th
year =20% of MSA.
• Tax free guaranteed maturity @12th year=65% of MSA + LA
• Premium paid qualify for tax rebate under Sec. 80(C) up to
Rs.1,50,000/- and maturity benefits are tax free
PLAN FEATURES
Death Benefit
1) Within 5 years
10 Times of Tabular premium
2) After 5 years
10 Times of Tabular premium plus
loyalty addition, if any
Survival benefits paid will not be deducted
Survival Benefits
1) At the end of 10th year
15% of Maturity Sum Assured
2) At the end of 11th year
20% of Maturity Sum Assured
Maturity Benefit
12th year
65% of Maturity Sum Assured
plus Loyalty Addition, if any
Scenario 1
•
•
•
•
•
•
Age of customer  22 years
Single Investment  Rs. 2,52,390/Maturity Sum Assured  Rs. 5,00,000/Death Sum assured  Rs. 25,48,250/Tax Rebate NIL Rs.0/Risk Cover premium for 12 yrs SP  Rs.
36043/• Net Investment  Rs. 2,16,347/-
Death Benefit
Within 5 years
Rs. 25,48,250/- is payable to nominee
After 5 years
Rs. 25,48,250/- plus loyalty addition is
payable to nominee
Survival and Maturity benefit
•
•
•
•
Return @10th year  Rs. 75,000/Return @ 11th year  Rs. 1,00,000/Return @ 12th year  Rs. 3,75,000/IRR with respect to Net Investment of
Rs.2,16,347/- works out to 7.57%
without adding
Loyalty addition
Scenario 2
•
•
•
•
•
•
Age of customer  22 years
Single Investment  Rs. 2,52,390/Maturity Sum Assured  Rs. 5,00,000/Death Sum assured  Rs. 25,48,250/Tax Rebate @ 30.9% Rs.75,651/Risk Cover premium for 12 yrs SP  Rs.
36043/• Net Investment  Rs. 1,40,696/-
Death Benefit
Within 5 years
Rs. 25,48,250/- is payable to nominee
After 5 years
Rs. 25,48,250/- plus loyalty addition is
payable to nominee
Survival and Maturity benefit
•
•
•
•
Return @10th year  Rs. 75,000/Return @ 11th year  Rs. 1,00,000/Return @ 12th year  Rs. 3,75,000/IRR with respect to Net Investment of
Rs.1,40,696/- works out to 11.69%
without adding
Loyalty addition
Liquidity- Surrender
First year : Guaranteed Surrender Value will be
70% of the premiums paid excluding taxes
and extra premiums
Thereafter: Guaranteed Surrender Value will be
90% of the premiums paid excluding taxes
and extra premiums.
Liquidity- Loan
Loan can be availed after one year.
The maximum loan that can be granted as a
percentage of surrender value is given
hereunder:
Underwriting Rules
• Actual sum assured is 9 times of Tabular single
premium
• Medical requirement as per normal plan (Exclusive
Non medical rules for SP not applicable)
• All female category –Cat I, II & III allowed subject to
limits
• Age proofs NSAP-1 & 2 only allowed with suitable
age extra, if any
• For minor lives and major students upto age 25 yrs –
Max Rs. 20 lacs will be allowed without insisting on
parents insurance.
USP’s of Jeevan Shagun
• Unique combination of investment & insurance.
• Maturity sum assured is guaranteed and it is close to
twice the investment amount.
• Risk cover close to ten times the investment amount is
provided.
• High tax free returns.
• Ideal gift from grandparent to grand children
• Can be given as Collateral for housing loan and
educational loan
• Best way to avail tax rebate up to Rs.1,50,000/under Sec.80( C)