Introduction: Shubh Nivesh Plan

SBI Life – Shubh Nivesh is an Endowment product with an option of Whole Life coverage. In this plan you can save regularly for your future as well as you also have the flexibility to receive the maturity amount as a lump sum or as a regular income for a chosen period, depending upon your needs.

Key Features:

• A unique Savings cum Protection Plan with the flexibility of Whole Life option as an add-on

• Triple benefits of Wealth Creation, Regular Income and Protection under a single plan

• Convenience of premium payment options – Single Premium and Regular Premium

• Comprehensive risk coverage through 3 Riders:
• Preferred Term Rider
• Accidental Death Benefit Rider
• Accidental Total & Permanent Disability Rider

• Option to receive the Basic Sum Assured at regular interval over a stipulated time period of 5/10/15/20 years.

• Tax benefits as per prevailing norms under the Income Tax Act, 1961

How does it work?
SBI Life – Shubh Nivesh has two options:

Endowment Assurance: The base plan is a traditional endowment plan with simple reversionary bonuses which accrue till the end of the endowment term. The sum assured with all accrued bonuses will be paid on death during the endowment term or survival till the end of the endowment term.

Whole Life Endowment: The policyholder has to opt for the Whole Life Endowment option at the proposal stage itself, wherein the sum assured along with the accrued bonus till the end of the endowment term will be paid to the policyholder, and an amount equal to the basic sum assured will be paid on the life assured attaining 100 years of age or on the death of the life assured, if earlier.

Benefits:

• Maturity Benefit: Depending upon the plan option chosen:
• Endowment Assurance (i.e. if Whole Life option is not taken):

• After completion of endowment term, the Basic Sum Assured + vested Simple Reversionary Bonus is paid

• If Deferred Maturity Payment option has been chosen, the accrued bonus will be paid on the date of maturity and the policyholder may choose to receive the sum assured in regular installments over the next 5/10/15/20 years.

• Whole Life Endowment (i.e. Whole Life option is taken):
• After completion of endowment term the Basic Sum Assured + vested                  Simple Reversionary Bonus is paid.

•  If, Deferred Maturity Payment option has been chosen, the accrued bonus                will be paid on the date of maturity and the policyholder may choose to             receive the sum assured in regular installments over the next                                     5/10/15/20 years.

• An amount equal to the basic sum assured will be paid on the life assured                   attaining 100 years of age.

• Death Benefit: In the unfortunate death of the Life Assured, depending upon           the plan option chosen:
• Endowment Assurance (i.e. if Whole Life option is not taken):

• Death before the completion of Endowment term: Sum Assured + Simple Reversionary Bonus (if any) is paid to the nominee

• Deferred Maturity Payment Option has been availed and death happens after the completion of Endowment term: The Balance amount of the Deferred Maturity Payment Option, if any would continue to be paid to the legal heirs till the end of the stipulated period as chosen

• Whole Life Endowment (i.e. if Whole Life option is taken) :
• Death before the completion of Endowment term:
• Sum Assured + Simple Reversionary Bonus (if any) is paid to the nominee

• Death after the completion of the endowment term up to 100 years of age:
• Sum Assured under the Whole Life coverage is paid to the nominee.
• If deferred Maturity Payment Option has been availed and death happens                     after the completion of Endowment term but before the receipt of the                 final installment under the deferred payment option, the basic sum                      ssured under the Whole Life coverage is paid to the nominee and the                  balance amount of the Deferred Maturity Payment Option, if any would               continue to be paid to the nominee till the end of the stipulated period                 as chosen

• Other Benefits
• Deferred Maturity Payment Option: You have the option to avail the sum assured as regular payouts over a stipulated period of 5/10/15/20 years. The amount of regular income payable will be quoted based on the rates available at that time

• Three sets of riders: -
• Preferred Term Rider: The Preferred Term rider Sum Assured is payable in addition to normal death benefit

• Accidental Death Benefit Rider: In case death due to an accident, the rider Sum Assured is payable in addition to normal death benefit

• Accidental Total and Permanent & Disability Rider: The rider Sum Assured will be paid on the Life Assured being found eligible for the Total Permanent Disability Benefit as defined in the policy document.

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Introduction:

SBI Life – Saral Life, a traditional, participating endowment plan which helps you to meet any requirement in life and is designed with a difference…a take away insurance especially weaved for you with the threads of Simplicity, Availability & value for your money.

Key Features:

• An unique savings cum insurance cover with easy acceptance.
• Enrolment based on Simplified Questionnaire and Good Health Declaration.
• Instant Processing.
• Flexibility in Coverage – Sum Assured in options of Rs.1 lakh / Rs.2 lakhs /                 Rs.3 lakhs.
• Customize you coverage period by choosing from 10/15/20/25 years, as        per your requirement.
• Tax benefits as per prevailing norms under the Income Tax Act, 1961.

Product Snapshot

Benefits:

• Maturity Benefit:- On survival of the life assured, till the policy term, the Sum Assured along with the accrued regular bonus and terminal bonus (if any) is payable.
•  Death Benefit:- In case of unfortunate demise of the life assured within the policy term, the Sum Assured along with the accrued regular bonus and terminal bonus (if any) is payable to the nominee.
• Tax Benefits*
• U/s 80C of the Income Tax Act 1961 on your premiums.

• U/s 10(10D) of the Income Tax Act 1961 on your maturity / death / surrender proceeds under the policy.

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Bharti AXA Life Guarantee Builder  Key Benefits:

• Ensure solid protection for your family through a Death Benefit that offers Sum Assured PLUS Fund Value
• Get the comfort of a Guaranteed Maturity Value (GMV) which means atleast your investment premiums are returned at maturity.
• Get the power of Builder, which means that you can expect your GMV to potentially increase by 1% each year till it reaches 115% by the time Guarantee is applicable.
• The new Build n Protect Fund ensures not only safety to your investments, but also provide you the springboard for growth of your investments over the long-term by allocating upto 40% in large-cap stocks.
• Get tax benefits on the premiums paid and benefits received as per the prevailing tax laws.

still confuse check the official site.

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About Spot Suraksha Plan :

Spot Suraksha insurance policy will help you to protect your money and keep its safe to meet your long term needs for future, because of its simplified buying process.

Why you should buy Bharti AXA Life Spot Suraksha insurance plan ?
Key Benefits of  Spot Suraksha policy :

• Easy to buy Investment solution – with a simplified proposal form, no medical examinations & you are insured on the spot with the issuance of a cover note!!
• 130% of first year premium is returned as Guaranteed Special Addition on death or on Maturity.
• Allocation rates 100% from year 2 onwards!
• 3 investment fund options as per your investment preferences & the facility to switch amongst the investment funds as per your investment objectives.
• Flexibility of partial withdrawals after fifth Policy Year, cover continuance option after seven policy years
• Tax benefits under section 80C and 10(10D) of Income Tax Act.

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At what stage you need :

1. When your will complete Class X, Class XII, graduation and post-graduation.
2. Unfortunate event of the death of a parent, the child’s education continues unhampered.

Below are the ICICI child insurance plans  choose according to your needs.

Plan Name                                        Plan Type

SmartKid New Unit-linked       Unit Linked
Regular Premium

SmartKid New Unit-linked       Unit Linked
Single Premium

SmartKid Regular Premium       Traditional

So be a smart parent..

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1. Reliance Super InvestAssure Plan
2. Reliance Child Plan
3. Reliance Secure Child Plan
4. Reliance Wealth + Health Plan

Visit the nearest reliance life insurance office for more details.

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Bharti AXA Life Bright Stars Key Benefits:

* Get 360` protection in securing your child’s future.
o Payment of sum assured immediately on death;
o Payment of future premiums by the company till maturity;
o Get Policy Fund Value along with Jumpstart benefit at maturity.
* A Jumpstart benefit to boost your maturity proceeds.
* A flexible Policy which adjusts to your financial needs by giving you various options like top ups, choice of investment funds, switch, withdrawals, cover continuance option, decrease in premium and more.
* Choice of 5 policy terms to match your financial goals.
* Get tax benefits on the premiums paid and benefits received as per the prevailing tax laws.

Check more details at http://www.bharti-axalife.com

Also do not forget to download the brouchure in pdf format. If any one know more about this plan please write i comments so that others can get the benefit..

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About LIC Jeevan Amrit Plan:
This is suitable for the younger ones who desires  high cover at a low cost and do not want  to pay premiums for a longer duration. Under this plan premium payment is limited to 3 or 4 or 5 years and the premium payable during the first year is higher than the premiums payable in subsequent years.

Options:
You may choose Sum Assured (S.A.), Premium Paying Term, Policy Term and Mode of premium payment.

Payment of Premiums :
Option to pay premiums yearly or half-yearly during the premium paying term of 3 or 4 or 5 years.

Eligibility Conditions and Other Restrictions :
Minimum Entry Age     :  12 years (last birthday)
Maximum Entry Age     :  60 years (nearest birthday)
Maximum Maturity Age     :  70 years (nearest birthday)
Minimum Sum Assured     :  Rs. 1,00,000
Maximum Sum Assured     :  No limit
Premium Paying term     :  3 to 5 years
Policy term     :  10 to 30 years

If you are not satisfied with the “Terms and Conditions” of the policy you may return the policy  within 15 days.

Check more details at LIC website here

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