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1 Product Training - Aajeevan Sampatti

Product Training - Aajeevan Sampatti

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Product Training - Aajeevan Sampatti. What is Aajeevan Sampatti. A plan with limited premium payment term. 5 Star Features. A plan which is suitable for all ages and life stages. A traditional participating plan. A plan which guarantees annual income to life insured and family. - PowerPoint PPT Presentation

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Page 1: Product Training -  Aajeevan Sampatti

1

Product Training - Aajeevan Sampatti

Page 2: Product Training -  Aajeevan Sampatti

A plan which guarantees annual

income to life insured and family

A plan with limited premium

payment term

A traditional participating plan

A plan which is tax efficient

A plan which is suitable for

all ages and life stages

What is Aajeevan Sampatti

Page 3: Product Training -  Aajeevan Sampatti

How does this Product work…?

Premium Payment term of 15 years

6th year 10th year 15th year

Cash bonuses start from 6th year onwards and

continue till LI reaches age 99

Guaranteed Payouts equal to 5.5% of Sum Assured

start from 10th year onwards and are paid every year till LI reaches age 99 years

100% of Sum Assured Paid at maturity

On reaching age 100Guaranteed Payout = 5.5% of Sum Assured

Page 4: Product Training -  Aajeevan Sampatti

What happens in case of death…?

Premium Payment term of 15 years

6th year 10th year 15th year

Cash bonuses start 6th year

onwards

Guaranteed Payouts equal to 5.5% of Sum Assured

start from 10th year onwards and are paid

every year till LI reaches age 99

100% of Sum Assured Payable at death

Death of the

LI

Guaranteed Payout = 5.5% of Sum Assured

Page 5: Product Training -  Aajeevan Sampatti

Option to enhance your protection

Premium Waiver Rider*: - For PAYOR ONLY. PAYOR and Life Insured are different people.

* Subject to existing Underwriting guidelines

Enhance your Protection with any of our riders

Page 6: Product Training -  Aajeevan Sampatti

What are the Boundary Conditions..?

Parameters Boundary Conditions

Minimum Age at entry 91 days (0 years)

Maximum Age at entry 60 years for Annual mode55 years for Semi-annual mode50 years for Monthly mode

Maximum Age at maturity 100 years

Premium Payment term options

15 years

Premium Payment modes Annual, Semi annual, Monthly*

Minimum sum Assured Rs 100,000

*Through Auto Pay only