Aditya Birla Sun Life Insurance Vision MoneyBack Plus Plan UIN - - PowerPoint PPT Presentation

UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation Only

Aditya Birla Sun Life Insurance Vision MoneyBack Plus Plan

UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation only

I have short term milestones I want to plan for My current earning pattern and lifestyle prevents me from making long term financial commitments My milestones are not fixed and so are my need for money then I am the new generation

Who am am I? I?

UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation only

I need to wait for the end of the policy term to receive the benefits I need to pay for the entire policy term I will receive the benefits only as scheduled in the plan I don’t need insurance. I am too young to die

My y reasons of

• f not buyi

ying an an in insu surance plan lans

UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation only

ABSLI Vision MoneyBack Plus Plan

Enjoy life’s small joys with guaranteed payouts at regular intervals

UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation only

Entry Age 13 – 45 years Policy Term 20 | 24 | 25 years Premium Paying Term 10 years for 20 year policy term 12 years for 24, 25 year policy terms Minimum Sum Assured

• Rs. 100,000

Premium Frequency Annual, Semi-annual, Quarterly, Monthly

Eligibility

UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation only

Choose Sum Assured

Sum um Assured Ban and Ban and 1 Ban and 2 Ban and 3 Ban and 4 Sum Assured (Rs.) 100,000 to 199,999 200,000 to 399,999 400,000 to 799,999 800,000 & above

High Sum Assured Rebate Modal Rebate

Pay y Frequency Ann nnual Semi-annual Quar arterly ly Mon

• nth

thly ly Rebate 5.0% 2.0% 0.0% 0.0% Sum um Assured Ban and Ban and 1 Ban and 2 Ban and 3 Ban and 4 Rebate per 1000 SA nil 1.00 5.00 7.00

UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation only

Bonuses ❑ Participating plan; ABSLI shall declare reversionary bonus on 1st July every year during policy term. ❑ Bonus applicable to all in-force policies having anniversaries between 1st July and 30th June of following year ❑ Simple Revisionary Bonus applicable to this plan ❑ Based on actual experience ABSLI may declare Terminal Bonus

Benefits

UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation only

Guaranteed Survival Benefit The Survival Benefit which is a percentage of Sum Assured and is paid every fourth or fifth year as chosen throughout the Policy Term in the following options: Premium Paying Term / Policy Term Premium Paying Term / Policy Term Survival Benefit Year 10/20 12/24 Survival Benefit Year 10/20 12/25 4th 10% 10% 5th 15% 15% 8th 15% 15% 10th 20% 20% 12th 20% 20% 15st 25% 25% 16th 25% 25% 20th 40% 30% 20th 30% 30% 25%

• 45%

24th

• 35%

UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation only

Deferred Guaranteed Survival Benefit

Life insured can choose to defer the due Guaranteed Survival Benefit until the time the next Guaranteed Survival Benefit is due to be paid. On deferral the Guaranteed Survival Benefit will be enhanced as given below Year when Guaranteed Survival Benefit is due Guaranteed Survival Benefit (% of SA) Year till the Guaranteed Survival Benefit is deferred/Enhanced Guaranteed Survival Benefit 4th 8th 12th 16th 20th 4th 10% 10% 12% 15% 19% 23% 8th 15% NA 15% 18% 23% 28% 12th 20% NA NA 20% 24% 30% 16th 25% NA NA NA 25% 30% 20th 30% NA NA NA NA 30% Year when Guaranteed Survival Benefit is due Guaranteed Survival Benefit (% of SA) Year till the Guaranteed Survival Benefit is deferred/Enhanced Guaranteed Survival Benefit 4th 8th 12th 16th 20th 24th 4th 10% 10% 12% 15% 19% 23% 29% 8th 15% NA 15% 18% 23% 28% 35% 12th 20% NA NA 20% 24% 30% 37% 16th 25% NA NA NA 25% 30% 37% 20th 30% NA NA NA NA 30% 37% 24th 35% NA NA NA NA NA 35% 10 10 PPT / 20

20 Term

12 PPT / 24 Term

UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation only

Deferred Guaranteed Survival Benefit – continued

Year when Guaranteed Survival Benefit is due Guaranteed Survival Benefit (% of SA) Year till the Guaranteed Survival Benefit is deferred/Enhanced Guaranteed Survival Benefit 5th 10th 15th 20th 5th 15% 15% 20% 25% 33% 10th 20% NA 20% 25% 33% 15th 25% NA NA 25% 33% 20th 40% NA NA NA 40% Year when Guaranteed Survival Benefit is due Guaranteed Survival Benefit (% of SA) Year till the Guaranteed Survival Benefit is deferred/Enhanced Guaranteed Survival Benefit 5th 10th 15th 20th 25th 5th 15% 15% 20% 25% 33% 43% 10th 20% NA 20% 25% 33% 43% 15th 25% NA NA 25% 33% 43% 20th 30% NA NA NA 30% 39% 25th 45% NA NA NA NA 45% 10 10 PPT PPT / 20 20 Term 12 12 PPT PPT / 25 25 Term

UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation only

Death Benefit In case of unfortunate death of life assured, nominee will get: ❑ Sum Assured on Death; plus ❑ Accrued Bonuses as of date of death; plus ❑ Terminal Bonus, if any In addition, the deferred Guaranteed Survival Benefit will be paid, if opted for. Sum Assured on Death is higher of: ▪ Sum Assured chosen at inception irrespective of any survival benefits paid or ▪ Sum Assured on Maturity or ▪ 10 times the Annualized premium payable. Death benefit will be subject to minimum 105% of Total Premiums paid to date. Maturity Benefit ❑ Accrued Bonuses till date; plus ❑ Terminal Bonus (if any)

UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation only

Surrender Benefit Policy acquires surrender value after all due premium for at least 2 full years are paid. Surrender benefit is higher of ❑ Guaranteed Surrender Value; or ❑ Special Surrender Value

where, Guaranteed Surrender Value is a percentage of Total Premiums paid plus the surrender value of accrued regular bonuses less any survival benefit already paid or deferred.

Reduced Paid-up Benefits ❑ If premiums are not paid with in 30 days from date of premium due, the policy lapses ❑ Where premiums are paid for a minimum period of 2 full policy years – policy will be continued on Reduced Paid-Up basis ❑ Guaranteed Survival Benefit cannot be deferred ❑ Sum Assured and Sum Assured on death shall be reduced in proportion to premiums paid to Total Premiums payable ❑ Any bonus payable for the year of premium discontinuance shall be reduced proportionately to the unpaid premiums in that policy year ❑ Policy shall not be eligible for any further bonuses ❑ Rider benefit if any; will cease

UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation only

Policy Loan ❑ Use this policy as a collateral to take loan from ABSLI once the policy acquires surrender benefit

• Minimum policy loan is Rs. 5,000
• Maximum is 85% of the surrender benefit as on that date less any o/s policy loan balance

❑ Policy will be terminated without value when o/s policy loan balance equals or exceeds surrender benefit while the policy is in reduced paid up status ❑ All benefits payable will be first reduced by any o/s policy loan balance and only the residual value will be paid

UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation only

AB ABSL SLI Acc Accid idental l Death h Bene Benefit fit Ride ider r Plus Plus (UIN: N: 10 109B 9B023V02 021) Rider Sum Assured in the event of accidental death

• Rs. 1 lac

to

• Rs. 1 crore

AB ABSL SLI Acc Accid idental l Death h & Disabilit isability Ride ider (UIN: N: 10 109B 9B018V03 03) Rider Sum Assured in the event of accidental death and percentage of Sum Assured in the event of any disability

• Rs. 75,000

to

• Rs. 50 lacs

AB ABSL SLI Cr Crit itic ical l Illness llness Ride ider (UIN: N: 10 109B 9B019V03 03) Rider Sum Assured for illnesses including Heart Attack, Cancer, Stroke or Major Organ Transplant ABSL ABSLI Ho Hospit spital l Car Care Ride ider (UIN: N: 10 109B 9B016V03 03) Daily Cash Benefit, ICU Benefit and Recuperating Benefit

• Rs. 1.5 lacs

to

• Rs. 15 lacs

AB ABSL SLI Sur Surgic ical l Ca Care Ride ider (UIN: N: 10 109B 9B015V03 03) Major Surgery that directly involves brain, liver, lung or heart (including coronary arteries) and Other Surgery AB ABSL SLI Waive aiver r of

• f

Premium ium Ride ider (UIN: N: 10 109B 9B017V02 023) In the event of TPD/CI/Death, all future premiums of the base plan and attached riders will be waived off

Client can only opt for either ABSLI Accidental Death and Disability Rider or ABSLI Accidental Death Benefit Rider Plus not both

UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation only

Application form

Common Application Form – Major ❑ For Major lives ❑ Option to capture multiple products in the same application (at a later date) ❑ For every additional product sourced a single pager form to be filled Common Application Form – Minor ❑ For Minor lives

UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation only

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UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation only

❑ Tax benefits are subject to changes in tax laws ❑ ABSLI Accidental Death Benefit Rider Plus (UIN:109B023V02) ❑ ABSLI Accidental Death and Disability Rider (UIN: 109B018V03) ❑ ABSLI Critical Illness Rider (UIN: 109B019V03) ❑ ABSLI Surgical Care Rider (UIN: 109B015V03) ❑ ABSLI Hospital Care Rider (UIN: 109B016V03) ❑ ABSLI Waiver of Premium Rider (UIN: 109B017V03) ❑ For Training purpose only ❑ This Content is to be strictly used for Training purpose and Internal usage only. You are notified that dissemination, distribution or copying in any form or by any means (graphic, electronic or mechanical including photocopying, recording, taping or information retrieval systems)of any contents of this document is strictly prohibited. ❑ Some benefits are guaranteed, and some benefits are variable with bonuses based on the future performance of the participating business and economic conditions. If your policy offers guaranteed returns then these will be clearly marked “guaranteed” in the illustration table on this page.

Riders

UIN – 109N093V04 TRA/2/19-20/1724

For Internal Circulation only

Thank You