India Insurance 2009 - Pension Schemes

Pension
Pension Plans
COMPANY PRODUCT MAIN FEATURE AGE GROUP
1. Bajaj Allianz 1. Future Secure Pure, Pure+Insurance Entry:

Vesting(min/max):
2. New UnitGain Easy Pension Plus Pure, Pure+Insurance Entry:

Annuity separate Vesting(min/max):
3. Pension Guarantee Pure Entry:

Immediate Annuity
4. Swarna Vishranti Pure Entry:

2. SBI Life 1. Horizon II Pension Pure, Pure+Insurance Entry:

Vesting(min/max):
2. Unit Life Pension II Pure Entry:

3. Lifelong Pensions Pure, Pure+Insurance Entry:

Vesting(min/max):
Page 1
Pension
4. Immediate Annuity Pure, Pure+Insurance Entry+Vesting(min/max):

Immediate Annuity
3. ICICI Pru 1. Life Link Super Pension Pure Entry:

2. Life Time Super Pension Pure, Pure+Insurance Entry:

Vesting(min/max):
4. Birla Sunlife 1. Secure 58 Pure, Pure+Insurance Entry:

Annuity separate Vesting(max):
2. Freedom 58 Pure Entry:

Annuity separate
3. FlexiSecure Life Retirement Plan II Pure, Pure+Insurance Entry:

5. LIC 1. Jeevan Nidhi Pure+Insurance Entry:

Vesting(min/max):
2. Jeevan Akshay VI Pure, Pure+Insurance Entry:

Immediate Annuity
Page 2
Pension
3. New Jeevan Dhara I Pure, Pure+Insurance Entry:

Vesting(min/max):
4. New Jeevan Suraksha I Pure, Pure+Insurance Entry:

Vesting(min/max):
6. ING Vysya 1. Best Years Pure, Pure+Insurance Entry:

Immediate Annuity Vesting(min/max):
2. Golden Life Pure, Pure+Insurance Entry:

Vesting(min/max):
3. New Future Perfect Pure, Pure+Insurance Entry:
7. Reliance 1. Super GYP Value Pure, Pure+Insurance Entry:

2. TIPS II Pension Pure, Pure+Insurance Entry:

Page 3
Pension
8. HDFC Standard 1. Immediate Annuity Immediate Annuity Entry+Vesting(min/max):
2. Personal Pension Pure Entry:

3. Unit Linked Pension II Pure+Insurance Entry:

4. Unit Linked Pension Maximizer II Pure+Insurance Entry:

9. Tata AIG 1. Invest Assure Future Pure Entry:

2. IA Swarna Jeevan Pure Entry:

3. Nirvana Pure+Insurance Entry:

4. Nirvana Plus Pure+Insurance Entry:

Page 4
Pension
5. Easy Retire Immediate Annuity Entry+Vesting(min/max):
10. Max New York 1. Easy Life Retirement Plan Pure+Insurance Entry:
Vesting(min/max):
2. SMART Invest Pension Pure Entry:

Vesting(min/max):
11. Met Life 1. Advantage Plus Pure+Insurance Entry:

2. Growth Pure+Insurance Entry:

3. Pension Pure+Insurance Entry:

12. Aviva 1. Pension Elite Pure Entry:

Vesting(min/max):
2. Pension Plus Pure Entry:

Vesting(min/max):
3. Secure Pension Pure Entry:

Vesting(min/max):
Page 5
Pension
AGE GROUP MINIMUM PREMIUM TERM PLANS AVAILABLE

PLAN
18 to 60/65 Y-6K, HY-3K, 5 to 40 1. Asset Allocator

40/70 Q-1500, M-500 2. Liquid Pension
3. Bond Pension
4. Equity Growth
5. Equity Index Pension II
6. Accelarator MidCap
7. Pure Stock Pension
18 to 60/65 Y-10K, HY-5K, 5 to 40 1. Liquid Pension

45/70 Q-2500, M-1K Single 2. Bond Pension
3. Equity Growth
4. Equity Index Pension II
5. Accelarator MidCap
6. Pure Stock Pension
45 to 80 25K Single NA
18 to 65 Y-5K, HY-2500, 5 to 40 NA
45/70 Q-1250, M-500
18 to 60 Y-12K, HY-6K, 10 to 52 1. Equity Pension

50 to 70 Q-3K, M-1K 2. Bond Pension
3. Money Market Pension
18 to 65 Single: 25K Min 5 1. Equity Optimizer

50 to 70 Y-24K, HY-12K, 2. Equity Pension
Q-6K, M-2K 3. Bond Pension
4. Growth Pension
5. Balanced Pension
18 to 65 . . NA
50 to 70
Page 6
Pension
50 to 70 premium which yields . NA

Min 250 pm
18 to 70 25K 5 to 57 1. Pension RICH

45 to 75 2. Pension Flexi Growth II
3. Pension Multiplier II
4. Pension Flexi Balanced II
5. Pension Balancer II
6. Pension Protector II
7. Pension Preserver
8. Pension Return Guarantee
18 to 70 10K 5 to 57 same as Life Link Super Pension

45 to 75
18 to 80 9600 10 to 40 NA
90
18 to 80 10K Min 5 1. Income Advantage

2. Protector
3. Builder
4. Enhancer
5. Maximizer
18 to 65 Single:50K Single: min 5 1. Nourish

50 to 70 Regular:5K Regular: min 10 2. Growth
3. Enrich
18 to 65 Single: 10K 6 to 35 NA
40 to 75 Regular:3K
40 to 79 Single: 50K Single NA
Page 7
Pension
18 to 70 50K 2 to 35 NA
40 to 75
18 to 65 50K 2 to 35 NA
40 to 75
18 to 65 5K 5 to 52 1. Capital Guarantee Fund

40 to 70
18 to 65/70 Single: 45K 5 to 30 1. Pension Debt

5/10 to 57 Regular:15K/20K 2. Pension Liquid
3. Pension Equity
8 to 55 Y-15K, HY-8K, 5 to 25 1. Debt Fund

Q-4K, M-1500 2. Secure Fund
3. Balanced Fund
4. Growth Fund
5. Equity Fund
18 to 59 Y-10K, HY-5K, Min 5 1. Money market fund

45 to 64 Q-2500, M-1K 2. Balanced Fund
3. Growth Fund
4. Equity Fund
5. Infrastructure Fund
6. Energy Fund
7. Midcap Fund
8. Pure Equity Fund
18 to 64 25K 10 1. Corporate Bond Fund

28 to 70 2. Money market fund
3. Gilt Fund
4. Equity Fund
5. Infrastructure Fund
6. Energy Fund
7. Midcap Fund
8. Pure Equity Fund
Page 8
Pension
30 to 85 . Single NA
18/35 to 60 . Regular: 10 to 40 NA
50 to 70 Single
18 to 65 Y,HY-12K, M-2400 10 to 40 1. Liquid Fund II

50 to 75 max-1L 2. Stable Managed Fund II
3. Secure Managed Fund II
4. Defensive Managed Fund II
5. Balanced Managed Fund II
6. Equity Managed Fund II
7. Growth Fund II
18 to 65 Single: 50K Single same as Unit Linked Pension II

50 to 75
18 to 65/70 Single: 25K Single: 5 to 35 1. Future Equity Pension

45 to 75 Regular: 10K Regular/Limited: 2. Future Income Pension
10 to 35 3. Future Captital Guarantee Pension
4. Future Growth Pension
5. Future Balanced Pension
6. Future Select Equity
18 to 65 20K Max 40 1. Future Equity Pension

45 to 75 2. Future Income Pension
3. Future Growth Pension
4. Future Balanced Pension
5. Future Select Equity
18 to 55 min cover 50K . NA

50 to 65
18 to 45 . Min 15 NA
55/58/60
Page 9
Pension
21 to 80 50K Single NA
20 to 60 . 10 to 40 NA
50 to 70 Single
18 to 60 Single: 150K 10 to 52 1. Secure Fund

50 to 70 Regular: 10K 2. Conservative Fund
3. Balanced Fund
4. Growth Fund
5. Growth Super Fund
20 to 55 Single: 100K Min 10 NA

45 to 65 Regular: 10K
0 to 60 12K 15/20/25/30 NA
18 to 75
18 to 60 4K . NA
45 to 75
18 to 60 50K . 1. Pension Index

40 to 70 2. Pension Growth
3. Pension Balanced
4. Pension Protector
18 to 65 Single: 100K Min 5 same as Pension Elite

40 to 70 Regular: <10yrs: 15K
>10yrs: 6K
18 to 60 5K 10 to 40 NA
40 to 75
Page 10
Pension
PLANS AVAILABLE SWITCH POLICY

RISK RISK PROFILE
High D:E 0/100:0/100 3 free

Low D 100
Moderate D 100
High D:E 0/20:80/100
High D:E 0/15:85/100
High D:E 0/20:80/100
High D:E 0/20:80/100
Low D 100 3 free

Moderate D 100
High D:E 0/20:80/100
High D:E 0/15:85/100
High D:E 0/20:80/100
High D:E 0/20:80/100
NA NA NA
NA NA NA
High D:E 0/20:80/100 .

Moderate MM:D 0/40:60/100
Low MM 100
High D:E 0/40:60/100 4 free

High D:E 0/20:80/100
Moderate MM:D 0/40:60/100
High D:E 0/60:40/100
Moderate D:E 40/60:40/60
NA NA NA
Page 11
Pension
NA NA NA
High D:E 0/20:80/100 4 free

High D:E 0/20:80/100
High D:E 0/20:80/100
Low D 100
Capital Preservation D 100
Low D 100
same as Life Link Super Pension same as Life Link Super Pension 4 free
NA NA NA
Low D 100 Switch not allowed

Low D:E 90/100:0/10 risk profile change
Low D:E 80/90:10/20 allowed free
High D:E 0/20:80/100
Low D:E 90/100:0/10 2 free

Low D:E 80/90:10/20
NA NA NA
NA NA NA
Page 12
Pension
NA NA NA
NA NA NA
Low Gsec >20%-40% NA

Approved Investments <60%
Moderate D 100 4 free

Low MM 100
High D:E 85/100:0/15
Moderate D 100 2 free

Low D:E 80/90:10/20
High D:E 40/60:40/60
High D:E 90/100:0/10
Low MM 100 52 free

Low D:E 80:20
Moderate D:E 60:40
High D:E 0:100
High D:E 0:100
High D:E 0:100
High D:E 0:100
High D:E 0:100
Moderate MM:CD 0:100 52 free

Low MM 100
Moderate MM:GD 0:100
High D:E 0:100
High D:E 0:100
High D:E 0:100
High D:E 0:100
High D:E 0:100
Page 13
Pension
NA NA NA
NA NA NA
Low MM 100 24 free

Low D 100
Low D 100
High D:E 40/70:30:60
High D:E 0/40:60/100
High D:E 0/5:95/100
same as Unit Linked Pension II same as Unit Linked Pension II 24 free
High D:E 0/20:80/100 12 free

Low D 100
Low D:E 85:15
High D:E 0/100:0/100
High D:E 0/20:80/100 12 free

Low D 100
High D:E 0/100:0/100
NA NA NA
NA NA NA
Page 14
Pension
NA NA NA
NA NA NA
Low D 100 6 free

Low D:E 85/100:0/15
High D:E 30/80:20/70
High D:E 0/30:70/100
NA NA NA
NA NA NA
NA NA NA
High D:E 0/20:80/100 4 free

High D:E 40/80:20/60
Low D:E 80/100:0/20
same as Pension Elite same as Pension Elite 4 free
NA NA NA
Page 15
Pension
ANNUITY MODES DEATH BENEFIT
1. Life min: 5x
2. Life 5/10/15/20 guarantee Plan A: FV
3. Life+Return of Capital Plan B: SA+FV
option to buy annuity from any Lumpsum/Annuity option to nominee spouse

IRDA approved insurer on
retirement
1. Life
2. Life 5/10/15/20 guarantee
3. Life+Return of Capital
1. Life Capital under Return of capital plan

2. Life 5/10/15/20 guarantee
1. Life Lumpsum/Annuity option to nominee spouse
1. Life depending on annuity option chosen

2. Life + DB-sum of annuity paid SA: 5x with max 1.2L,5L,10L
4. Life increasing annuity @1%/2%/3%
5. Life 5/10/15 guarantee
6. Life + Annuity @ 50%/100% to nominee
same as Horizon II Pension depending on annuity option chosen

Regular PremiumSA: 5x with max 1.2L,5L,10L
Regular PremiumSA: 1.25x with max 1.2L,5L,10L
1. Fixed SA: age <45:3L, >45:1L

2. Increasing
5/10/15 yrs annuity options
Page 16
Pension
same as Horizon II Pension depending on annuity option chosen
1. Life FV
2. Life with return of purchase price
3. Guaranteed for 5/10/15yrs & life thereafter
4. Joint life,last survivor w/ return of purchase price
5. Joint life,last survivor w/o return of purchase price
same as Life Link Super Pension 1. FV

2. min:1L, max:annual premium x policy term
separate* higher(75% of base + all renewal premiums,SV)
separate* Lumpsum/Annuity option to nominee spouse
separate* Regular Premium SA: 1.1x , min 55K

Single Premium SA: 10x, min 50K
1. Life Lumpsum/Annuity option to nominee

2. Guaranteed for 5/10/15/20 yrs
4. Increasing annuity @3% pa
5. Joint life,last survivor w/ 50% return of purchase price
1. Life depending on annuity option chosen

4. Increasing annuity @3% pa
Page 17
Pension
5. Life + Annuity to spouse after death @ 50%
6. Life + Annuity to spouse after death @ 100%
same as Jeevan Nidhi During premium paying term death benefit:

Return of premiums w/ 1%,2%,3% returns
same as Jeevan Nidhi During premium paying term death benefit:

Return of premiums w/ 1%,2%,3% returns
. lower(5x,1L)
1. Life Lumpsum FV/Annuity option to nominee spouse

1. Systematic w/d benefit available higher(SA,FV)

2. Policy maturity at age 80
1. Life 5x to 50x
3. Guaranteed for 5/10/15yrs & life thereafter
separate* Lumpsum FV/Annuity option to nominee spouse
Page 18
Pension
1. 15yrs term increasing at 5% pa 1. Portion/Full purchase price

2. Purchase Price-Annuity paid out
separate* Regular: 1st yr: 80% of premium paid

Premiums paid+8% compounded
Single: 1st yr: 90% of premium paid
SA+Bonuses declared
separate* FV+50% annual premium
separate* FV+10% single premium
separate* FV
separate* FV
separate* depending on SA chosen
separate* SA=1L/2L/4L
SA+Bonuses+Guaranteed Additions
Page 19
Pension
1. Life none
1. Life min 1L, max 1cr

1. Life FV
separate* Option A: 110% of FV

8 options available Option B: 100% of FV
separate* SA: 5x/10x/20x

higher(SA,FV)
separate* 50K,NL
8 options available
separate* FV+25K
separate* FV
separate* FV
Page 20
Pension
COMPULSORY
WITHDRAWAL POLICY PREMIUM PAYMENT

FREQUENCY
after 3yrs Regular

FV-surrender charge
[1 – (1/1.10)^N ] * 1st yrs' premium
after 3yrs Single, Regular

surrender charge: after 3yrs:
yr(in %): 4,5,6: 5,2,Nil
not allowed Single
after 3yrs surrender allowed Regular
after 3yrs surrender charge Regular

YR4-10: 1% FV
YR11+: Nil

Surrender Value=FV-charge
. Single
Page 21
Pension
not allowed Single
surrender charge: after 3yrs: Single

yr(in %): 3,4,5: 4,2,Nil
after 3yrs Regular

surrender charge:
yr(in %): 1,2,3,4,5+: 100,75,60,4,2,Nil
surrender charge: yr(in%): Regular

1-2,3,4,5,6,7,8,9,10: 100,60,55,50,40,30,20,10,Nil
surrender charge: yr(in%): Regular

1,2,3,4+: 27,20,13,Nil
surrender charge: single:YR1:25% Single, Regular

surrender charge: yr(in%):
1,2,3,4+: 75,50,25,Nil
Guaranteed SV @ Regular-30%/Single-90% after 3yrs Single, Regular
not allowed Single
Page 22
Pension
Guaranteed SV @ 90%-YR1 premium after 2yrs Regular
Guaranteed SV @ 90%-YR1 premium after 2yrs Regular
after 3yrs Regular

SV=60% of balance
Single: after yrs(in %): 4,5,6+: 5,2.5,1 Single, Regular

Regular: after yrs(in %):
1,2,3,4,5,6+: 30,15,10,5,2.5,1
after 3yrs Regular

surrender charge: yr(in%): 4,5+: 2.5,1
partial w/d charge: 0.25%
after 3yrs Regular

surrender charge: yr(in%): 4,5,6+: 10,5,Nil
after 3yrs, max partial w/d: Single, Regular

4&5: 10%, 6-9:15, 10: 20%
Page 23
Pension
not allowed Single
after 3yrs Min 50% of premiums paid guaranteed Single, Regular

no of premiums not paid in 1st 5yrs: % of fund value
4,3,2,1,0: 95,35,15,5,Nil
surrender charge: yr(in%): Single

1,2,3,4,5,6+: 5,4,3,2,1,Nil
after 3yrs: yrs(in %): 4,5,6,7+: 30,20,10,Nil Single, Regular, Limited
after 3yrs: yrs(in %): 4,5,6,7+: 30,20,10,Nil Regular
SV Regular
SV Regular
Page 24
Pension
not allowed Single
Single: min 80% Single, Regular

Regular: min 55%
Regular: Single, Regular

surrender charge: after yrs(in %):
1,2,3,4,5,6,7,8+: 100,45,40,35,30,25,20,Nil
Single:
surrender charge: after yrs(in %):
1,2,3,4,5,6,7,8+: 7,6,5,4,3,2,1,Nil
. Single, Regular
. Regular
. Single, Regular, Limited
after 3yrs, no surrender charge after 5yrs Regular
after 3yrs, no surrender charge after 4yrs Single, Regular
Guaranteed SV at 30% Regular
Page 25
Pension
COMPULSORY CHARGES
PREMIUM ALLOC CHARGE FUND MGMT CHARGE POLICY ADMIN CHARGE
YR1: 16%-20% 4,6,7: 1.75% 630, 5% inflating

YR2-10: 2%-5% 1,5: 1.25%
YR11+: Nil 2,3: 0.95%
YR1: 8%-16% 3,5,6: 1.75% 600, 5% inflating

YR2+: 2% 4: 1.25% Single: <25K: 300,5% inflating
1,2: 0.95% >25K: 600,5% inflating
NA NA NA
NA NA NA
YR1: 15% 1. 1.5% 70/MTH=840

YR2,3: 7.5% 2 1%
YR4-10: 1.5% 3. 0.25%
YR11+: Nil
YR1:9%-15% 1,2: 1.5% 60/MTH=720, 2% inflating

YR2,3: 3%-7.5% 4: 1.25%
YR4,5: 3%-5% 5: 1.25%
YR6-10: 2% 3: 1%
YR11+: Nil
SINGLE: 2%-4%
NA NA YR1: 15%
YR2+: 5%
Page 26
Pension
NA NA NA
2%-8% 1,2,3,8: 1.5% 20/MTH=240

4,5: 1%
6,7: 0.75%
YR1: 14%-20% same as Life Link Super Pension 40/MTH=480

YR2: 9%
YR3-10: 1%
YR11+: Nil
NA NA NA
YR1: 10% 1,2,3: 1% First 10K

YR2,3: 2% 4: 1.25% YR1-3: 1.2%
YR4+: Nil 5: 1.5% YR4+: 0.6%
excess over 10K: 0.6%
Single: 3.5%-3.7% 1.00% 35/MTH=420

Regular:
YR1: 21%-23%
YR2+: 2.2%-3.7%
NA NA NA
NA NA NA
Page 27
Pension
NA NA NA
NA NA NA
YR1: 10% 1.5%-2.5% ONE TIME :700

YR2+: 3%
Single: 4% 1. 0.75% 1st Month=1050

Regular: 2. 0.5% subsequently: 50/MTH
YR1: 15%-18% 3. 1.5%
YR2: 4.5%
YR3-20: 2%
YR21+: 1%
YR1: 45% 1: 0.75% 1st Month=725

YR2,3: 7.5% 2: 1% Subsequently: 25/MTH
YR4: 4% 3,4: 1.25%
5: 1.5%
YR1: 10%-15% 1,2,4,5,6,7,8: 1.5% .

YR2+: 5% 3: 1.75%
Classic/Silver/Gold/Diamond/Platinum: 2,3,4: 1.25% 1st yr: 60/MTH=720

(in %) 5,4,3,2,1 1,5,6,7,8: 1.5% 2nd yr+: 40/MTH=480
Exchange Option(in %) 3,2.5,2,1.5,0.5
Page 28
Pension
NA NA NA
NA NA NA
YR1: <5L=40%, >5L=20% 1.25% 60/MTH=720

YR2: 15%-20%
YR3+: 2%
YR1: <5L=7.5%, >5L=5% same as Unit Linked Pension II 20/MTH=240
Regular: 1. 1.25% Single: 25/MTH=300

YR1: 13%-15% 2 1% Regular: 55/MTH=660
YR2: 12% 3. 1.5%
YR3-5: 3% 4. 1.1%
YR6+: Nil 5. 1.05%
Single: 2%-6% 6. 1.45%
YR1: 25% 1. 1.25% <35K: 145/MTH=1740

YR2-5: -1% 2 1% >35K: 195/MTH=2340
YR6-10: -2% 3. 1.1%
YR11-15: -3% 4. 1.05%
YR16-20: -4% 5. 1.45%
YR21-25: -5%
YR26-30: -6%
YR31-35: -7%
YR36-40: -8%
NA NA NA
NA NA NA
Page 29
Pension
NA NA NA
NA NA NA
Regular: 1,2: 0.9% 50/MTH=600

YR1: 20%-30% 3: 1.1%
YR2+: Nil 4: 1.25%
Single: 4%-5% 5: 1.35%
NA NA NA
NA NA NA
NA NA NA
YR1: 15% 1. 0.75% YR1-5: 99/MTH=1188

YR2: 10% 2. 1.5% YR6+: 63/MTH=756
YR3: 2% 3. 1.25%
4 1%
Regular: same as Pension Elite Single: 31/MTH=372

YR1: 7.5%-25% Regular: 53/MTH=636
YR2+: 2%
Single: 1%-2%
NA NA NA
Page 30
Pension
TOPUP PREMIUM CHARGE BENEFITS AVAILABLE/LIMITING FACTORS
2.00% 1. Flexibility to increase/decrease SA

2. Riders available only with Plan B
3. Loyalty units yr 6-10, 11-15, 16-40 (in %):
0.1, 0.2, 0.3
2.00% option to buy annuity from any

IRDA approved insurer on
retirement
NA 1. Immediate Annuity
NA 1. Change of occupation to be notified
YR1-10: 1.5% 1. Funds are shifted to less risky assets as age uncreases
YR11+: Nil
YR1-10: 1% 1. Regular loyalty additions at end of 10,15,20 yrs(in %): 10,20,30

YR11+: Nil 2. Single loyalty additions at the end of 10,15,20yrs(in %):1,2,5
3. Option to change vesting date upto 2 times during the pollicy term
NA 1. 4% guaranteed return upto 31/3/10
Page 31
Pension
NA 1. Dependent on interest rates if thy decrease by >250bps
1.00% 1. Automatic transfer option into equity funds available

2. No life cover
1.00% 1. Automatic transfer option into equity funds available

2. Life cover optional
NA 1. Guaranteed Vesting Benefits

2. Base premium:Survival benefits
9600-18800: base
19200-37200: base+5%
38400+: base+7%
2.00% 1. Own Managed Portfolio option

2. Life Cycle Managed Portfolio
1.00% 1. Life Cover Optional
NA 1. Pension can start at age 40

2. 1st 5 yrs GA @ 50/k SA
3. with profit policy frm 6th yr onwards
NA 1. No medical test
Page 32
Pension
NA 1. Guaranteed SV @ 90%-YR1 premium after 2yrs
NA 1. Guaranteed SV @ 90%-YR1 premium after 2yrs
allowed 1. Premium Holiday Option available

2. Deferrment of annuity option available upto 5yrs
yes 1. Loyalty units @ 0.2%-0.3% of fund value added each yr

2. Aggressive and Standard Programs to choose from for equity exposure
less than 1cr: 1% .

more than 1cr: 0.5%
5.00% .
2.00% .
Page 33
Pension
NA .
NA
Single: YR1: 2.5% 1. Asset Allocator/Own Portfolio Option

YR2: 2% 2. Loyalty addition of 50% of annual premium on vesting & death
Single: YR1: 2.5% 1. Loyalty addition of 10% of single premium on vesting & death
YR2: 2%
1.50% 1.Term: Guaranteed Bonus(% of Fund Value)

10-14, 15-19, 20-29, 30-35: 3,4.5,6,7
2. Premium Holiday Option
1.50% 1. Loyalty additions every yr: in year: additional addition

2-5: 1%, 6-10: 2%, 11-15: 3%, 16-20: 4%, 21-25: 5%, 26-30: 6%,
31-35: 7%, 36-40: 8%
2. Systematic transfer from one fund to another possible
3. Automatic Asset Allocation Option Available
NA 1. Loyalty addition of 10% of on vesting & death

2. Guaranteed SV of 30%
3. Automatic Premium Loan Option
NA 1. No medical test between 18 to 45

2. 10% addition to SA for every 5yrs premium paid upto 70%
3. Automatic Premium Loan Option
Page 34
Pension
NA 1. No medical test
NA .
. 1. Dynamic Fund Allocation Option

2. Premium payment through level premium/increasing premium by 5%
NA .
NA 1. Annual Premium : Guaranteed Loyalty Addition(upto 120%)

12K-25K : 55%, 25K-200K : 60%, 200K+ : 70%
2. Addition at the end of 20yrs and 5yrs thereafter: 2% of FV
NA 1. Guaranteed additions @ 10% of SA ath the end of 15yrs
0 1. Loyalty addition at 1%-4%
2.00% 1. Increase in premium allowed by Indexation/Additional Regular Premium Method
NA 1. Guaranteed addition at 30/K for 1st 3yrs

2. Revisionary Bonus from 4th yr onwards
3. Guaranteed SV at 30%
Page 35
Pension
RIDERS AVAILABLE
1. Accidental Death Benefit

2. Accidental Permanent Total /Partial Disability Benefit
3. Critical Illness Benefit
4. Hospital Cash Benefit
1. Family Income Benefit

2. Comprehensive Accident Benefit
4. Hospital Cash Benefit
5. Term Benefit
1. Accidental Death & Permanent Disability Benefit

Page 36
Pension
1. Accidental Death & Disability Benefit

2. Waiver of Premium
1. Accidental Death & Dismemberment Benefit

2. Term Rider
4. Critical Illness Plus
5. Critical Illness Woman

2. Term Rider
Page 37
Pension
1. Term Rider

2. Term Rider
3. Major Surgical Benefit Rider
4. Critical Conditions Rider
Page 38
Pension
1. Term Rider
1. Automatic Critical Illness Cover for 1st 3yrs

2. Automatic Accidental Death Option for 1x SA
Page 39
Pension


3. Waiver of Premium
4. Term Rider
Page 40

India Insurance 2009 - Pension Schemes

Hochgeladen von

Dokumentinformationen

Copyright

Verfügbare Formate

Dieses Dokument teilen

Dokument teilen oder einbetten

Freigabeoptionen

Stufen Sie dieses Dokument als nützlich ein?

Sind diese Inhalte unangemessen?

Copyright:

Verfügbare Formate

India Insurance 2009 - Pension Schemes

Hochgeladen von

Copyright:

Verfügbare Formate

Pension

COMPANY PRODUCT MAIN FEATURE AGE GROUP

1. Bajaj Allianz 1. Future Secure Pure, Pure+Insurance Entry:

2. New UnitGain Easy Pension Plus Pure, Pure+Insurance Entry:

3. Pension Guarantee Pure Entry:

4. Swarna Vishranti Pure Entry:

2. SBI Life 1. Horizon II Pension Pure, Pure+Insurance Entry:

2. Unit Life Pension II Pure Entry:

3. Lifelong Pensions Pure, Pure+Insurance Entry:

4. Immediate Annuity Pure, Pure+Insurance Entry+Vesting(min/max):

3. ICICI Pru 1. Life Link Super Pension Pure Entry:

2. Life Time Super Pension Pure, Pure+Insurance Entry:

4. Birla Sunlife 1. Secure 58 Pure, Pure+Insurance Entry:

2. Freedom 58 Pure Entry:

3. FlexiSecure Life Retirement Plan II Pure, Pure+Insurance Entry:

5. LIC 1. Jeevan Nidhi Pure+Insurance Entry:

2. Jeevan Akshay VI Pure, Pure+Insurance Entry:

3. New Jeevan Dhara I Pure, Pure+Insurance Entry:

4. New Jeevan Suraksha I Pure, Pure+Insurance Entry:

6. ING Vysya 1. Best Years Pure, Pure+Insurance Entry:

2. Golden Life Pure, Pure+Insurance Entry:

3. New Future Perfect Pure, Pure+Insurance Entry:

7. Reliance 1. Super GYP Value Pure, Pure+Insurance Entry:

2. TIPS II Pension Pure, Pure+Insurance Entry:

8. HDFC Standard 1. Immediate Annuity Immediate Annuity Entry+Vesting(min/max):

2. Personal Pension Pure Entry:

3. Unit Linked Pension II Pure+Insurance Entry:

4. Unit Linked Pension Maximizer II Pure+Insurance Entry:

9. Tata AIG 1. Invest Assure Future Pure Entry:

2. IA Swarna Jeevan Pure Entry:

3. Nirvana Pure+Insurance Entry:

4. Nirvana Plus Pure+Insurance Entry:

5. Easy Retire Immediate Annuity Entry+Vesting(min/max):

2. SMART Invest Pension Pure Entry:

11. Met Life 1. Advantage Plus Pure+Insurance Entry:

2. Growth Pure+Insurance Entry:

3. Pension Pure+Insurance Entry:

12. Aviva 1. Pension Elite Pure Entry:

2. Pension Plus Pure Entry:

3. Secure Pension Pure Entry:

AGE GROUP MINIMUM PREMIUM TERM PLANS AVAILABLE

18 to 60/65 Y-6K, HY-3K, 5 to 40 1. Asset Allocator

18 to 60/65 Y-10K, HY-5K, 5 to 40 1. Liquid Pension

18 to 60 Y-12K, HY-6K, 10 to 52 1. Equity Pension

18 to 65 Single: 25K Min 5 1. Equity Optimizer

50 to 70 premium which yields . NA

18 to 70 25K 5 to 57 1. Pension RICH

18 to 70 10K 5 to 57 same as Life Link Super Pension

18 to 80 10K Min 5 1. Income Advantage

18 to 65 Single:50K Single: min 5 1. Nourish

40 to 79 Single: 50K Single NA

18 to 65 5K 5 to 52 1. Capital Guarantee Fund

18 to 65/70 Single: 45K 5 to 30 1. Pension Debt

8 to 55 Y-15K, HY-8K, 5 to 25 1. Debt Fund

18 to 59 Y-10K, HY-5K, Min 5 1. Money market fund

18 to 64 25K 10 1. Corporate Bond Fund

18 to 65 Y,HY-12K, M-2400 10 to 40 1. Liquid Fund II

18 to 65 Single: 50K Single same as Unit Linked Pension II

18 to 65/70 Single: 25K Single: 5 to 35 1. Future Equity Pension

18 to 65 20K Max 40 1. Future Equity Pension

18 to 55 min cover 50K . NA

18 to 60 Single: 150K 10 to 52 1. Secure Fund

20 to 55 Single: 100K Min 10 NA

18 to 60 50K . 1. Pension Index