Sie sind auf Seite 1von 14

3 Insurance Company (of choice)

1) Life Insurance Corporation of India ( LIC)


2) SBI Life
3) ICICI Prudential

Insurance Category
Life Insurance
Types of Policy
Life Insurance Corporation of India ( LIC)
1.
o
o
o
o
o

o
2.
o
o
o
3.

LIC Endowment Plans:


Single Premium Endowment Plan: Single Premium Endowment Plan is
a participating non linked savings and protection plan. The premium is paid in lump
sum when the policy is drawn.
New Endowment Plan:The New Endowment Plan provides a lump sum
amount to the policyholder at the time of maturity and offers financial protection to
the family members of the policyholder in case of the death of policyholder.
New Jeevan Anand:The New Jeevan Anand policy offers a lump sum
amount to the insured at the end of the policy term in case of their survival and also
takes care of liquidity needs.
LICs Jeevan Rakshak:The LICs Jeevan Rakshak pays the policyholder
the basic sum assures along with loyalty addition at the end of the policy term.
LICs Limited Premium Endowment Plan: In case of the death of the
insured during the policy term, the death benefit (Basic Sum assured) along with
reversionary bonuses will be paid considering that all the premiums have been paid
up until then.
LICs Jeevan Sangam: In LICs Jeevan Sangam plan, the proposer will
have the option of choosing the maturity sum assured and the premium to be paid
will be decided on the maturity sum.
LIC Money Back Plans:
LICs Money Back Plan 20 years: In case the insured survives by the
end of the specified duration 20% of the basic sum assured at the end of each 5th,
10th and 15th policy year.
LICs Money Back Plan 25 years: In case the insured survives by the
end of the specified duration 15% of the basic sum assured at the end of each 5th,
10th, 15th and 20th policy year.
LICs New Bachat Plan: A money bank plan that offers financial
protection against death along with the provision of payment of survival benefits at
specified durations during the policy term.
LIC Pension Plans:
LICs Pension Plans assures financial security in your old age. These policies are tailormade for senior citizens planning a secure future.

o
o
4.
o
o
o
o
5.

Jeevan Akshay: The Jeevan Akshay plan is an immediate annuity plan


where annuity payments of a stated amount will be made throughout the lifetime of
the annuitant.
LICs New Jeevan Nidhi: The LICs New Jeevan Nidhi plan provides death
cover during the postponement period and offers annuity on survival to the date of
vesting.
LIC Term Insurance Plans:
LICs Anmol Jeevan: A protection plan that offers fiscal protection to the
family of the insured in case of his/ her unfortunate demise.
LICs Amulya Jeevan A protection plan with no maturity benefits.It offers 1
crore life cover and above.
LICs e-Term: An online pure term plan with different premium rates for
tobacco users and non-tobacco users.
LICs New Term Assurance Rider: LICs New Term Assurance Rider is a
life insurance plan which can be combined with a basic policy with add on benefit at
a nominal cost.
LIC ULIP Plans:
The Life Insurance Corporation of India (LIC) offers Unit Linked Insurance Plans (ULIPs)
designed to help their clients achieve substantial returns on their investments as well
as help them save tax even if they dont draw a consistent income. LIC ULIP
Plans offer protection and flexibility in investment, where the premium paid is used to
purchase units in investment assets chosen by the policyholder. The Life Insurance
Corporation of India provides its customers with Unit Linked Plans which assure the
policyholder of good returns through market linked growth along with the added
facility of life insurance coverage.

6.

LIC Child Plans:>


The Life Insurance Corporation of India (LIC) offers a range of child plans, available in
both conventional and ULIPs form, to meet the needs of growing children. LIC Child
Plans are designed with special features to meet the marital, educational and other
requirements of children through survival benefits. LIC Child Plans also provide risk
cover on the insured child over the course of the policy term. The Life Insurance
Corporation of India provides different child plans such as LIC Jeevan Tarang, LIC Child
plan Komal Jeevan, LIC Plan no 184 and LIC Jeevan Ankur to cover all the needs of the
children.

7.

LIC Group Plans:


Group Insurance schemes offer protection and stability to a group of a people.

Group Scheme
o

LICs New Group Leave Encashment Plan: It is a fund-based Insurance


plan that helps the employer in providing leave encashment to their employees.

o
o
o
o
o

LICs New Group Superannuation Cash Accumulation Plan: It is


tailor-made to the employer who has a defined superannuation scheme for their
employers.
LICs New One Year Renewable Group Term Assurance Plan 1: This
plan offers the option of renewing premium rates at each Annual Renewal Date.
LICs New One Year Renewable Group Term Assurance Plan
2: Under this, premiums can be renewed through profit sharing arrangement.
LICs New Group Gratuity Cash Accumulation Plan: This scheme
meets the employers obligation for statutory gratuity benefit to their employers.
LICs Group Credit Life Insurance - An insurance scheme that protects
banks and other financial institutions against a risk of outstanding loan in the case
of the unfortunate death of the loanee before complete repayment of the loan.

Some Other Plans from LIC:


1.

LIC Micro Insurance Products:


This is an insurance and investment plan.
o
o

2.

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.

Key features of Jeevan Lakshya Life Insurance Plan


o
o
o
o
o
o
o
o

Minimum basic sum assured is Rs.1 Lac


There is no limit on the maximum sum assured
Minimum and Maximum entry ages are 18 and 50 respectively
Maximum maturity age for this policy is 65 years
Policy term offered is between 13-25 years
Choice of premium payment interval, that is, monthly, half-yearly,
quarterly or yearly
Grace period of 30 days for premium payment
Policy doesnt lapse if regular premiums are paid for 3 continuous policy
years. The policy subsists on a reduced paid-up basis

Key benefits of Jeevan Lakshya Life Insurance Plan


o

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

o
o
o
o
3.
o

Maturity Benefit:Sum assured on maturity plus all accrued bonuses shall


be paid to the policyholder if he survives even after the completion of policy period
Optional Benefits:Option to avail any of the following two riders with this
insurance scheme
LICs Accidental Death and Disability Benefit Rider
LICs New Term Assurance Rider
Social Security Scheme
Aam Admi Bima Yojana: A combination of two social security schemes,
Aam Admi Bima Yojana and Janashree Bima Yojana.

SBI Life
1.

SBI Life Insurance Unit Linked Plans:


Unit linked plans are meant for those people who want to invest in life insurance but
still have a bit of an appetite for risks on investments. These plans use a part of the
premium to provide insurance cover while the remainder is invested in the market.
The plans offered under this scheme are:
o

2.

SBI Life Smart Wealth Builder :This is a non-participating unit linked


life insurance plan that has been designed to make sure that you can invest as
much as you can afford and still manage to watch your wealth grow. The design of
the scheme offers policyholders the flexibility to decide their premiums, the policy
tenure and even the mode of payment of premiums.
SBI Life Smart Wealth Assure :This too is a non-participating ULIP
which offers investors the advantages of a life insurance policy and an opportunity
to invest in the markets via various funds to help their wealth grow. It is a single
premium payment scheme that allows for partial withdrawals that can be used to
meet financial obligations that may arise at a later stage.
SBI Life Saral Maha Anand :The Saral Maha Anand scheme is a unit
linked, non-participating life insurance plan which allows you to invest in
accordance with your appetite for risk. It even lets you decide how much insurance
you want to cover yourself which is subject to certain min and max amounts.
SBI Life Smart Scholar:This is a ULIP that is aimed at those who want to
make sure that the needs of their families are taken care of even if they are not
around. It offers the beneficiary the benefit of the payment of the sum assured
under the policy and a waiver of premiums so that policy remains in force even in
the unfortunate event of the death of the policyholder.
SBI Life Smart Elite:This is unit linked policy that offers life insurance
cover of 7 to 10 times the annual premium paid. It also allows for premiums to be
paid under the single pay scheme. The benefits of this policy include the option to
increase or decrease the insurance cover and cover for accidental death or
accidental total permanent disability.
SBI Life Smart Power Insurance:This ULIP offers investors life
insurance cover and investment opportunities at affordable premiums. It also offers
liquidity options by letting investors make partial withdrawals and a choice between
a level cover or an increasing cover scheme.
SBI Life Insurance Child Plans:

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
o

3.

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:

4.

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.

5.

SBI Life eShield:This is a non-linked and non-participating term plan that


has, as its main feature, the option to purchase the life insurance plan online.It too
offers rewards for leading a healthy life and accidental death benefits. It is a plan
that will offer your family financial security for premiums that are very affordable.
This plan is offering 1 crore life cover.
SBI Life Grameen Bima: This is an individual, micro insurance term plan
that is meant to provide the financially weaker segments of society with an
opportunity to secure themselves against tough times. This insurance plan does not
require health checkups and offers an insurance cover that can be as high as 60
times the total premium paid.
SBI Life Endowment Plans:
A savings plan is a life insurance plan that can offer you a double advantage. Not only
does such a plan provide you with a life cover but it also provides a regular inflow of
funds. The plans on offer under this scheme are:

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

6.

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.
o
o

o
o

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.

Group Protection Plans


SBI Life Group Protection Plans help secure an employees familys financial future in
the event of the unfortunate circumstance of death.
o
o

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.

Group Micro Insurance Plans

SBI Life Group Micro Insurance Plans are for customers with small savings and low
household income.
o
o

SBI Life Grameen Shakti: A plan to provide life insurance to the


underprivileged sections of the society.
SBI life Grameen Super Suraksha: This is for the rural section and for
the underprivileged parts of the society who opt for life insurance protection
without maturity benefit.

Group Loan Protection Products


These are affordable plans that help share the burden of your liabilities.
o

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

Offer your family 360 protection


against Death, Disability &
Disease. A plan that provides Life
cover + 34 Critical illnesses cover
*The Critical Illness Benefit is
accelerated and not an additional
benefit which means, the policy
will continue with the Death
Benefit reduced by the extent of
the Critical Illness Benefit paid. To
know more, please refer to the
sales brochure. + Higher
Accidental cover upto Rs. 2 crore
and much more.
A protection plan that covers your
loved ones and ensures that

nothing ever comes in the way of


their dreams.
Protection
and
Savings

Unit Linked Life


Insurance Plans.

Guaranteed
Wealth
Protector

Achieve your dreams with the best


of both worlds, the potential for
better returns without the risk of
losing your money. Also get life
cover.

Wealth
Builder II

Fulfil your familys dreams and


desires with the growth potential
of equity or debt along with a life
cover to safeguard their future in
your absence

Smart Life

A plan that safeguards your


familys future with the promise of
continued wealth creation even
when you are not around.

Elite Wealth
II

You never settle for the second


best and love exclusivity. Whether
it is your lifestyle, or your finances,
nothing can simply be ordinary.
This plan is designed keeping
you in mind and offers
unmatched customizations to suit
your Wealth & protection needs.

Elite Life II

Enjoying the best life has to offer


is what youve always desired. Be
it crafting a luxurious lifestyle, or
managing your finances, you have
always strived for the special
things for yourself, and your loved
ones. This plan offers you the
exclusive benefits and works
exactly as you want it to. Also get
life cover.

Cash
Advantage

A plan that offers regular


additional income for celebrating

IN ULIPS, THE
INVESTMENT RISK
IN THE INVESTMENT
PORTFOLIO IS
BORNE BY THE
POLICYHOLDER

Money Back/
Endowment Life

life and making all those precious


moments, a little extra special.

Insurance Plans

Retirement Life
Insurance Plans
IN ULIPS, THE
INVESTMENT RISK
IN THE INVESTMENT
PORTFOLIO IS
BORNE BY THE
POLICYHOLDER

Savings
Suraksha

Offer your savings the opportunity


to grow while enjoying the benefits
of guaranteed returns.

Assured
Savings

Protect your loved ones and


secure their dreams with
guaranteed wealth growth.

Easy
Retirement

A plan that provides financial


security in your golden years with
the potential growth of equity and
debt funds, while ensuring that
you will not lose your Capital
(Accumulated savings at maturity
is guaranteed to be at least 101%
of all premiums paid. This
Assured Benefit is applicable only
on vesting and not on death or
surrender.) and also gives you a
regular income for life

Immediate
Annuity

Make sure that you and your


spouse live a comfortable life in
your golden years with a regular
income to take care of your daily
expenses and more. You can also
leave a legacy for your children.

ICICI Prudential Group Term Insurance Plans:


ICICI group insurance plans can be taken by a company or a group of people who want to extend
insurance benefits to the members of the group.

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 Prudential Rural Plans:


The rural plans offered by ICICI are meant to bring the benefits of insurance plans to the rural sector
of India.

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.

ICICI Pru IProtect Smart:

Enhanced protection:
o
Get covered against terminal illness and disability in addition to death
o
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:
o
Special premium rates
o
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)

The 15 member of the life insurance corporation of India are appointed by


the central government. One of the members is also appointed by the central
government as the chairman.
The LIC of India has a 4 tire structure, the central office at Mumbai, 8 Zonal
Offices, 100 Divisional Offices and 2048 Branch Offices in India. Foreign
branches report directly to the central office Mumbai. All offices clearly
demarcated geo-graphical areas of operations, excepts branch offices in big
cities which have common areas. Almost 99% of the activities relating to
policy holders are done at the level of the branch offices. Investments are
done at the central office.
Thus, this is the big and giant organization structure of LIC of India ltd. This
organization can be shown through the chart also as under.

Four Tier Structure

Central Office

NZ

NCZ

CZ

EZ

SCZ

(8 Zonal Offices)

SZ

WZ

EZ

(100 Divisional Offices)

(2048 Branch Offices)

SBI Life

ICICI Prudential

Contribution to Economic Growth


The life insurance market grew from USD10.5 billion in
FY02 to USD52.14 billion in FY14
Over FY02FY14, life insurance premiums expanded at a
CAGR of 14.7%
The life insurance industry has the potential to grow 2-2.5
times by 2020 in spite of multiple challenges supported by
long-term trends and fundamentals underlying household
savings
The life insurance premium market expanded at a CAGR of
14%, from USD14.5 billion in FY04 to USD61.78 billion in
FY15
The life insurance premium market expanded at a CAGR of
5.48%, from USD14.5 billion in FY04 to USD27.5 billion in
FY16
Insurance density in India increased from 3.57 in FY05 to 11.23 in FY15 at a
CAGR of 12.1%.
Insurance penetration reached 3.3% in FY15
Contribution to Rural Development
Challenges
Competitions

Das könnte Ihnen auch gefallen