Beruflich Dokumente
Kultur Dokumente
Insurance Category
Life Insurance
Types of Policy
Life Insurance Corporation of India ( LIC)
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Group Scheme
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LICs New Jeevan Mangal: This is a protection plan which also has
inbuilt accident benefits that act as a double-risk cover in case of accidents.
LICs Bhagya Lakshmi Plan: This plan is a limited payment protection
scheme where the policy term is always higher by two years than the premium
payment term.
Jeevan Lakshya Life Insurance:
Jeevan Lakshya Life Insurance from Life Insurance Corporation of India is a plan
focused at providing insurance cover to your loved ones in case of any unforeseen
sudden events. Securing your familys future is top priority for most people. This plans
aim to ease your stress regarding your responsibilities towards your family.
Death Benefit: In the event of death of the policy holder a sum assured
equaling 105% of the premiums paid will be given to the nominee
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SBI Life
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If you have children then there is no doubt that you have thought about their future
and how you can provide for them in the unfortunate event that you are not around.
To address such concerns the following plans are offered
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SBI Life Smart Champ Insurance:This is a life insurance policy that can
be taken to make sure that the future of your child is secured against all
eventualities. This plan offers investors benefits like lump sum payments in 4
installments once your child attains the age of 18 years, waiver of premiums and
the opportunity to pay the premium in one go.
SBI Life Smart Scholar:This insurance plan offers a double death benefit
of the payment of the sum assured and a waiver of the remaining premiums. It also
offers accidental death and total permanent disability benefits along with partial
withdrawal benefits.
SBI Life Insurance Pension Plans:
The fact of life is that you are not going to be working for the rest of your life. So what
happens to your income when you do stop working? The best way to answer that
question is to go in for pension plans like:
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SBI Life Saral Pension :Its never too late to put something aside for
retirement and that is why this plan offers investors guaranteed simple reversionary
bonuses, maturity bonus which is the sum assured plus the simple reversionary
bonus plus terminal bonus if any. This plan can also be associated with various
riders that help enhance the life insurance cover provided.
SBI Life Retire Smart :This is a non-participating unit linked pension
plan that invests your money into various funds and guarantees a minimum return
of 101% of all premiums paid. It also offers boosted fund value through additions of
up to 210% of the annual premium paid subject to certain conditions.
SBI Life Annuity Plus :The Annuity Plus is a non-participating immediate
annuity plan that offers the insured a regular income from the age of 40 years with
the option to choose the frequency of annuity payouts. This plan can also be
enhanced by purchasing the accidental death rider. The plan also offers a return of
premium or a return of balance premium options.
SBI Life Term Insurance Plans:
Protection plans can be term plans that make sure that, even if you are not there
anymore, your familys financial future is secure. The protection plans offered by SBI
are:
SBI Life Smart Shield: This is a term plan that offers a large sum
assured for a nominal premium. It can also be coupled with various rides that
enhance the cover this plan provides. It also includes rewards for leading a healthy
life. The plan can also be taken as level or increasing term assurance or decreasing
term assurance to secure a loan you may have taken.
SBI Life Saral Shield: This is a traditional term insurance plan that can
be taken to ensure that in the unfortunate event of your death, your family is well
taken care of. This plan features single premium payment and regular payment
options and can be enhanced by the addition of certain riders.
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SBI Life Smart Income Protect :This is an insurance plan that offers
two benefits to the insured. The first is that they are provided with a life insurance
cover and the second is that they get the benefit of a regular income. The policy
also offers reversionary and terminal bonuses along with a guaranteed payouts of
11% of the sum assured for 15 years after the policy matures.
SBI Life Smart Guaranteed Savings Plan :This is a non-participating
savings plan that offers guaranteed additions that are calculated at a rate of 5.5%
to 6% and are applied to the cumulative basic premiums that have been paid. They
also offer the option to pay premiums only for 7 years.
SBI Life Smart Money Back Gold :This traditional money back plan
offers the advantages of a life insurance policy with an income coming in at regular
intervals. The insurance cover under this scheme can be enhanced using a wide
range of riders available for this plan.
SBI Life Shubh Nivesh : This scheme is a non-linked profit endowment
assurance plan that offers the flexibility to turn this policy into a whole life
insurance policy. It also offers benefits like a choice between single premium
payment or regular premium payment options and options to receive the basic sum
assured over a period of time.
SBI Life - Smart Humsafar : A joint life insurance plan with savings
options where a person and his/her spouse can be covered under a single policy.
With death benefits, this plan also offers maturity benefits in case either or both
partners survive till the policy period.
SBI Life - Smart Money Planner : A limited premium paying individual
non linked plan that offers profit endowment and guaranteed cash inflows at regular
intervals which also doubles up as a life cover in case of the unfortunate event of
the demise of the life insured with tax benefits as per the Income Tax Act of 1961.
SBI Life - CSC Saral Sanchay : Offered through the Common Service
Centre Network under the National eGovernance Plan of India, this is a non-linked,
non -participating, variable insurance plan that offers an option of savings too,
along with a death benefit that would be paid in case of the unfortunate demise of
the life insured.
SBI Life - Saral Swadhan+ : A non-linked, non-participating term
assurance plan meant for individuals that provides life cover for a period of 10
years or 15 years and gives a higher return on investment upon survival of the life
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insured till the maturity period. The premiums and benefits under this plan are
eligible for tax benefits.
SBI Life - Flexi Smart Plus : An individual, participating variable
insurance product that can be custom-tailored to change as per the customers
needs. It offers a host of bonuses on the maturity value as well as a death benefit
as per the Gold or Platinum option.
SBI Life Group Plans:
SBI offers various corporate solutions for the statutory and voluntary needs of
employers.
It also helps an organization retain and reward its employees with attractive benefits.
Retirement Solutions
SBI Life Insurance Group Retirement Plans help provide financial stability and
protection to the employees family.
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SBI Life Kalyan ULIP plus: A fund based group insurance plan. The
benefits offered by this plan can be obtained by the master policy holder as well as
by each member of the group.
SBI Life CapAssure Gold:Offered only to employer/ employee groups i.e.
to the employers/ state government/ central government who want SBI Life to
manage their employees gratuity, leave encashment and superannuation benefit
schemes.
SBI Life Swarna Jeevan: The SBI Life Swarna Jeevan provides higher
annuity rates.
SBI Life Gaurav Jeevan: The SBI Life Gaurav Jeevan is provided for
central government/ state government and government agencies who wish to
purchase their existing or emerging in respect to annuity payments for
compensation to landowners whose lands are being taken.
SBI Life - Pradhan Mantri Jeevan Jyoti Bima Yojana : As per the
Pradhan Mantri Jeevan Jyoti Yojana, this non-linked, non-participating plan is an
annually renewable group term insurance that provides a death benefit of Rs.
2,00,000 at an annual premium of Rs. 330 only. No medical examinations are
required for getting enrolled in the plan.
SBI Life Sampoorn Suraksha: A group term insurance plan that can be
renewed. It offers excellent protection at affordable rates.
SBI Life Suraksha Plus: A group insurance scheme like company
employers or government institution.
SBI Life Group Micro Insurance Plans are for customers with small savings and low
household income.
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SBI Life RiNn Raksha: SBI Life RiNn Raksha plan assures that you get
to enjoy the simple joys of life like taking a vacation overseas with the family,
buying a dream car, building a house without having to worry about liabilities.
ICICI Prudential
Pure
Protection
Term Plan
iProtect
Smart
iCare II
Guaranteed
Wealth
Protector
Wealth
Builder II
Smart Life
Elite Wealth
II
Elite Life II
Cash
Advantage
IN ULIPS, THE
INVESTMENT RISK
IN THE INVESTMENT
PORTFOLIO IS
BORNE BY THE
POLICYHOLDER
Money Back/
Endowment Life
Insurance Plans
Retirement Life
Insurance Plans
IN ULIPS, THE
INVESTMENT RISK
IN THE INVESTMENT
PORTFOLIO IS
BORNE BY THE
POLICYHOLDER
Savings
Suraksha
Assured
Savings
Easy
Retirement
Immediate
Annuity
ICICI PRU Group Term Life Solutions : This is a term insurance plan that can be taken for
a group and offers protection to the members of the group. The biggest advantages of this plan
are that it is very affordable.
ICICI PRU Group Gratuity Plan : This a group insurance plan that is aimed at helping
employers take care of their gratuity payment liabilities.
ICICI PRU Group Superannuation Plan : The Superannuation Plan is one which is
targeted at employers who wish to provide pension benefits for their employees. The plan also
offers 5 options for annuity pay-outs.
ICICI PRU Group Leave Encashment Plan : This is a group insurance plan that is aimed at
helping employers take care of their leave encashment liabilities.
ICICI PRU Group Immediate Annuity Plan: This is a group insurance plan that is meant to
provide pension benefits to the employees and is meant for employers who are looking for a
solution for their pension liabilities.
ICICI PRU Sarv Jana Suraksha :This is an insurance plan that is meant to provide the
chance to invest in life insurance the lower segments of our society, and it does so by providing
the insurance at really affordable prices.
Enhanced protection:
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Get covered against terminal illness and disability in addition to death
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Boost your protection cover by choosing Accidental Death Benefit up to Rs. 2 crores
and Critical Illness Benefit against 34 illnesses*
Special premium rates: Special premium rates for non-tobacco users
Need based benefit payout: Choose to receive the benefit amount as a lump sum or as a
monthly income for 10 years
Benefits for women:
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Special premium rates
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Covers female organ cancers such as breast cancer and cervical cancer
Increase life cover: Option to increase life cover at important milestones of life like
marriage and child birth/adoption
Tax benefits: Enjoy tax benefits on the premiums you pay under the policy
Capital Structure
Ownership Structure
Life Insurance Corporation of India ( LIC)
Central Office
NZ
NCZ
CZ
EZ
SCZ
(8 Zonal Offices)
SZ
WZ
EZ
SBI Life
ICICI Prudential