Products Comparison

Prepared by Product DevelopmentBirla Sun Life Insurance

COM/08/05-06/0375 February 7,2005

MARKET ANALYSIS:MARKET ANALYSIS: INDIVIDUAL PRODUCTS

COMPANY AVIVA BSLI HDFC ICICI LIC MXNYL SBI

Products

Unit Linked P P P P P P P P P P P P P

Term P P P P P P P P P P P P P

TROP P Ï P P Ï P Ï P Ï P Ï P P

Whole Life P P P P P P P P P P P Ï P

Endowment P P P P P P P P P P P P P

Money Back P P Ï P P P P P P P P P P

SPB P P P P P P Ï P P P P P Ï

Pension P P P P P P P P P P P P P

Children's P P P P P P P P P P P P P

Loan Term P P Ï Ï P Ï Ï P Ï P Ï P Ï

Joint Life Ï Ï P Ï Ï Ï Ï P Ï Ï Ï Ï Ï

Womens Product Ï Ï Ï P Ï Ï Ï P Ï Ï Ï Ï Ï

ALLIANZ BAJAJ

AMP SANMA

R

ING VYSYA

MET LIFE

OM KOTAK

TATA-AIG

M24

Covers only education plan


COM/08/05-06/0375 February 7, 2005

MARKET ANALYSIS:MARKET ANALYSIS: INDIVIDUAL UNIT LINKED PRODUCTS

COMPANY AVIVA BSLI HDFC ICICI ING VYSYA LIC MXNYL SBI

Products

Whole Life P P P P Ï P Ï Ï Ï P Ï Ï P

Endowment P Ï P P P P Ï P Ï Ï P P P

Money Back Ï Ï Ï P Ï P Ï Ï Ï Ï Ï P P

SPB P Ï P P Ï P Ï Ï Ï Ï P Ï Ï

Pension P P P P P P P Ï Ï P P P P

Children's Ï Ï P P P P Ï Ï Ï Ï Ï P P

Loan Term Ï Ï Ï Ï Ï Ï Ï Ï Ï Ï Ï P Ï

Joint Life Ï Ï P Ï Ï Ï Ï Ï Ï Ï Ï Ï Ï

Womens Product Ï Ï Ï P Ï Ï Ï Ï Ï Ï Ï Ï Ï

ALLIANZ BAJAJ

AMP SANMAR

MET LIFE

OM KOTAK

TATA-AIG

M18

Covers only education plan

Prepared by Product Managment COM/08/05-06/0375 July 12, 2005

TERM PLANSCOMPANY BSLI ALLIANZ BAJAJ AMP SANMAR AVIVA

Product name Term Plan Risk Care Plan Raksha Shree Life Shield

FEATURES18/55 18/50 21/ 60 18/55

70 65 65 65

Term (years) 5, 10, 15, 20 or 25 5-40 5-30 5-40

Premium Paying Term Regular/Single Regular/Single Regular Regular

Premium paying mode

1,00,000/- 2,50,000/- 5,00,000/-

No limit 10 lakh No limit

Min Annual Premium - Rs. 1500 p.a. Details Not Available Rs. 2000 p.a.

Rs. 2,890/- Rs. 4490 Rs.2,350/- Rs. 2,880/-

BENEFITSDeath Face Amount Face Amount Face Amount Face Amount

Surrender Value None Only in case of single pay None None

Min/Max age at entry(years)

Max age at maturity(years)

Single pay, Yearly, Half-yearly, Quarterly

or Monthly

Single pay, Yearly, Half-yearly

Yearly, Half yearly or Quarterly

Yearly, Half-yearly, Quarterly or Monthly

Minimum Face Amount(Rs.)

2,00,000/- (RP) 2,50,000/- (SP)

Maximum Face Amount(Rs.)

The SA can be increased upto a max of 10 lakh ( SA can

be increased once by 50% upto age 40

subject to fulfilling certain conditions).

Indicative Annual Premium (Male, Age-25years ,Term-25years, FA-Rs.10 lakhs)


Riders Available None

Comments

1. Accidental Death & Dismemberment 2. Critical Illness (4) or Critical Illness (17)

1. Accidental Death Benefit2. Accidental Permanent total/Partial Disability Benefit 3. Waiver of Premium 4. Critical Illness 5. Hospital Cash Benefit(Economy,Protect,Health,Total)

Accident Benefit(maximum 50

lakhs)

Max age entry criteria is higher in this plan. It offers favourable premium rates for female clients. It also offers attractive rebates for large SA.

This plan offers riders in combination packs

This plan can also be taken by business firms.

Option of re-instatement is available.

This plan offers discounts for

customers opting for higher SA & to Pension Plus

policyholders. This plan offers grace

period for payment of premiums & also

the option to re-instate a lapsed

policy.


HDFC ICICI ING VYSYA LIC

Term Assurance Plan Conquering Life Anmol Jeevan-I

18/ 60 18/55 18/50 18/55

65 65 65 65

5-30 10-25 5-25

Regular/Single Regular/Single Regular Regular/Single

Details Not Available Details Not Available. 5,00,000/-

No Limit FDNA No Limit Rs. three crore

Rs. 1,500/- Rs. 2500 p.a. Details Not Availble.

Rs. 2770/- Rs. 2,702/- Rs. 4,127/- Rs. 2,861/-

Face Amount Face Amount

None None None

1. Lifeguard Level Term Assurance2. Lifeguard Single Premium

5-30 & 3-15 in case of 2nd plan

Single pay, Yearly, Half-yearly or

Quarterly

Yearly, Half-yearly, Quarterly or Monthly /

Single pay in case of 2nd plan

Yearly, Half-yearly, Quarterly


FDNA for the 1st plan. For single premium

payment option, it is Rs. 2.5 Lakhs.

Rs. 2400 p.a.for the 1st plan

Face Amount (In case of Joint life policy

payable on first death)

Face Amount (If critical illness option used: The difference between SA & critical illness claim

paid, if any).

None for regular pay, not specified for

single pay


None

None None Inbuilt CI Rider

1. Accidental Death Benefit 2. Critical Illness3. Accelerated SA Benefit

Accident and Diability Benefit Waiver of Premium

Rider (Both these riders not available with the

single premium payment option)

1. Term Rider2. Accidental Death Rider3. Accidental Death& Dismemberment rider4. Inbuilt Critical Illness

Rebates are available for large SA & mode of premium payment.


LIC MAX NEW YORK LIFE

Amulya Jeevan Level Term Policy

18/60 20/50 18/60 18/55 20/60

62 55 70 60 65

6,12,18 or 24 months 5, 6 or 7 5-35 5

Single Regular Regular/Single Regular/Single Regular

Single Pay

50,000/- 50,000/- 25,00,000/- 2,50,000/- 2,50,000/-

One crore One crore No limit Rs. 5 crore Rs. 5 crore

Details Not Availble. Details Not Availble. - Details Not Available Details Not Available

Details Not Availble. Details Not Available Details Not Available

Face Amount Face Amount Face Amount Face Amount Face Amount

None None None None None

Two Yr Temp Assurance Plan

Convertible Term Assurance Plan

5 year Renewable & Convertible

5,10,15,20 or 25 or "To age 60"



Single pay, Yearly, Half-yearly or

Quarterly


For a 7-yr term- Rs. 4238

For a Rs. 25 Lac SA, Rs. 6,325/-


None None None 1. Personal Accident Benefit2. Dread Disease Rider3. Waiver of Premium(no riders can be taken with single pay)

1. Personal Accident Benefit2. Dread Disease Rider

This plan caters to the need of individuals who want insurance

cover for a short period of 2 yrs, for instance

individuals going on a short tour.

Suitable for those who cannot afford large premiums now for

endowment or whole life plans but hope to be able to afford them in future.This plan is

convertible to endowment assurance

or limited payment whole life assurance

A 2% surcharge on half yearly mode of

payment is available. Sum Assured rebate of 0.25% is available

only on single premium having Sum Assured of 1 crore and

above.

This policy can be used to cover any outstanding debt in the form of a mortgage, home loan etc..

This plan is renewed automatically every 5 yrs or to age 65 whichever is earlier & is convertible to any permanent plan (as long the net amount at risk does not increase). It also offers attractive rates for female clients.


OM KOTAK MAHINDRA TATA -AIG SBI LIFE METLIFE

Kotak Term Plan Shield Met Suraksha

18/60 18/60 18/60 18/60

70 60 65 65

5-25

Regular/Single Regular Regular/Single

10,00,000/- Rs.1,00,000 50,000

No limit No Limit

Rs. 2000 p.a. FDNA 1000 p.a.

Rs. 4080/- Rs. 2180 Details Not Available

Face Amount Face Amount Face Amount Face Amount

None None None

Kotak Preferred Term Plan

Assure Lifeline Policies

10-30 for RP 5-30 for SP

1, 5, 10, 15, 20, 25 or To age 60

5, 10, 15, 20, 25 or To age 60

Regular/Single/3 yr Limited pay

Yearly, Half-yearly, Quarterly or Single Pay

Yearly, Half-yearly, Quarterly or

Monthly

Single pay,Yearly, Half-

yearly or Quarterly or

Monthly

Single Pay,Yearly, Half-yearly or

Quarterly or Monthly

Details Not Available

3,00,000 for all 3 levels of cover.


Cover 1- Rs. 25 crore Cover 2-Rs. 10 crores Cover 3- Rs. 8

Crores

Decided on a case-by-case basis.



Single- Rs. 40273/-

Regular- Rs. 3200/-

Regular- Rs. 2300/- p.a. Single- Rs.

29,026/-

Cover 1- Level Cover- SA Cover

2- Cover increasing by 5%

p.a.- increased Available only for

Single Pay.Available only for

Single Pay.


Accident Benefit None

None

1. Accident Benefit 2. Permanent Disability Benefit 3. Critical Illness

1. Accidental Death Benefit 2. Permanent Disability Benefit & 3. Critical Illness

Accidental Death, Accidental Total

Permanent Disability &WOP (only for regular

premium payment mode)

Option to convert into any other Kotak plan except term Plan provided there are atleast 5 yrs before cover ceases.

This plan offers reduced premium rates for a SA of Rs. 10 lakh & above. Option to convert into any other Kotak plan except term Plan provided there are atleast 5 yrs before cover ceases.

This is a convertible plan. The one & five yr plans are

renewable without the need of a medical test.

This plan offers attractive rebates for female lives

& mode of premium

payment. It also offers the choice

of 3 levels of cover

Prepared by Product Management COM/08/05-06/0375 July 12, 2005

TERM WITH RETURN OF PREMIUM

COMPANY BIRLA SUN LIFE ALLIANZ BAJAJ AVIVA ICICI LICProduct Name Term Care Plan Amar Suraksha Secure Life New Bima Kiran

FEATURES 100% ROP 125% ROPMin/Max age at entry(years) 18/50 18/45 18/55 18/55 18/45Max age at maturity(years) 70 65 50 65 65 60

Term (years) 10, 15 or 20 15 or 20 5-40 5, 10, 15 or 20 5-25 10-30 15-30Minimum Face Amount(Rs.) 2,00,000/- 1,00,000/- 20,000/- 3,00,000/- 1,00,000/- 1,00,000/-Maximum Face Amount(Rs.) No Limit 10,00,000/- 1,00,000/- 50,00,000/- 1 crore 10,00,000/-Minimum Annual Premium Details Not Available Rs. 1500 p.a. Rs. 2400 p.a. Details Not AvailablePremium Paying Term Regular Regular/Single Regular RegularPremium paying frequency


Maturity

Premium Back Term Plan

Lifeguard (Level Term Assurance with ROP)

18/50-For 10 & 15 yr term 18/55-For

20 yr term

Yearly, Half Yearly, Quarterly or Monthly


or Single Pay

Yearly or half-yearly

Yearly, half Yearly,

Quarterly or Monthly*

Yearly, Half Yearly, Quarterly or Monthly*


Face Amount + 100% ROP

Face Amount + Loyalty Addition(Provided

policy has been in force for 4 years)

100% ROP (excluding

rider & extra

premiums)

125% ROP (excluding

rider & extra premiums)

ROP (excluding rider premiums)

ROP (excluding rider premiums)

Premium paid (Excluding rider

premiums)

ROP + Loyalty Addition + 10 years free insurance cover(both according to duration of the policy)


Surrender Value Available after 3 years

Additional Benefits None

No No No No No

Available after 2 years, Growing SV

Available after 3 years



Guaranteed Surrender Value =30% of total

premiums excluding first & all other extra

premiums

1. Accidental Death and dismemberment 2. Critical Illness(4) or Critical Illness(17) 3. Waiver of Premium

1. Accidental Death Benefit 2. Accidental TPD 3. Waiver of Premium4. Critical illness5. Hospital Cash Benefit

1. Accidental Death and

Dismemberment Rider

1. Accident and Disability Rider 2. WOP Rider

In built Accident Benefit (restricted to 5 lakhs)

Increase/decrease in Face Amount

yes(can be increased

once by 50% s.t max of 10

lakh)


Strengths

Weaknesses

Note- The products of Aviva mentioned above are no longer offered. Amar Suraksha is a rural plan while Secure Life is closed down. LIC's New Bima Kiran is also closed down.

1. Increasing

SV2. High Death

Benefit = FA +

100% ROP

1. Offers 125% ROP 2. Increasing Surrender value3. High death benefit = FA + 100% ROP

1. Comprehensive set of riders which can be attached anytime during the term of the policy2. Offers Single Premium option

No Medical test required

An additional option of

raising the Face Amount

by 50% subject to

maximum of Rs. 10 lakhs

Provides extended term cover for 5 yrs for 50% of the SA after maturity

of the policy.

1. Offers loyalty Additions2. 10 years free insurance3. Inbuilt accident rider

Maximum Face Amount cannot

exceed Rs. 10 lakhs

1. No riders 2. Maximum Face Amount cannot exceed Rs.1 lakh (Targeted to rural market)

No waiver of premium

No pay out incase of partial disability

1. Entry age is up to 45 years2. Maximum Face Amount cannot exceed Rs.10 lakhs


TERM WITH RETURN OF PREMIUM

COMPANY SBI TATA- AIG METLIFE KOTAK LIFEProduct Name Swadhan Life Plus Kotak Premium Return Plan

FEATURESMin/Max age at entry(years) 18/55 18/60 18/50 18/50Max age at maturity(years) 65 80 65

Term (years) 5-10 20 15 & 20 10,15 & 20Minimum Face Amount(Rs.) 3,00,000/- 1,50,000 Rs. 2 LakhMaximum Face Amount(Rs.) 1 crore No LimitDetermined on a case by case basisMinimum Annual Premium Details Not Available Details Not Available Rs 2500 Rs. 500, 750, 1000 & 1500 per monthPremium Paying Term Regular Limited- 15 yrsRegular/Single/ 3 yr Limited RegularPremium paying frequency Monthly


Maturity 100% ROP

Met Suraksha- TROP

For 20 yrs plan- 70 years For 15 yrs

plan- 65 years For 10 years plan- 60

The Face Amount is based on the monthly premiums and the term of

the plan opted for. However, the max

Yearly, Half yearly, Quarterly, Monthly


Single Pay,Yearly, Half Yearly, Quarterly or

Monthly, Limited

50% ROP for 5 year term & it goes on increasing by 10% each year till the end

of the term.

ROP + Guaranteed Addition of 10% of premiums paid

(excluding any paid for rider

benefits)

ROP depending on the term chosen:

Term 10= 100% ROP Term 15= 111% ROP

Term 20= 125% ROP


Surrender Value Details Not Available

Additional Benefits No riders None

No No No No

After three years (% of premium

excluding 1st years premium)

4-6years- 60% 7-10 years- 65%

Regular Premium- Guaranteed SV is

30% of the premiums paid

excluding any rider premium at the end of 3rd yr

Single Premium-

90% of the premium at the end of 2nd yr Limited Premium- 80% at the end of

3rd yr.

Guaranteed SV is 70% of the premiums paid excluding any rider

premium at the end of 3rd yr multiplied by the percentage of

premiums returnable on maturity further multiplied by number of

policy anniversaries lapsed, divided by the original policy term.

1. Accident Benefit (Inbuilt) 2. Accidental Dismemberment Benefit

1. Accidental Death Benefit 2. Critical Illness

Increase/decrease in Face Amount


Strengths

Weaknesses

Note- The products of Aviva mentioned above are no longer offered. Amar Suraksha is a rural plan while Secure Life is closed down. LIC's New Bima Kiran is also closed down.

Low premium rates & 5% rebate for female lives

1. Premium paying term of 15 years2. Inbuilt Accidental death benefit

Guaranteed Additon of 10% on premiums paid

Choice of three terms and three ROP options.

1. 100% (excluding 1st years premium) premium refunded only with 10 years term 2. Maximum term cannot exceed 10 years

1. No choice in policy terms- fixed at 20 years

Policy term is fixed at 15 or 20 yrs.

The Maximum Face Amount cannot exceed Rs. 10.5 Lakh.


COM/08/05-06/0375 August 23, 2005.

UNIT LINKED WHOLE LIFE PRODUCTSCOMPANY LIC ICICI BAJAJ ALLIANZ AVIVA MET LIFE

Name of Product Flexi Life Line ClassicLife Premier PrimeLife Jeevan Plus Life Time LifeTime II Unit Gain Plus Unit Gain LifeLong Gain Life Long Save Guard Met Ultimate

FEATURES

Premium type Regular and Short Pays Single Pay Regular and Single Pay Regular Regular Regular Regular Limited- 10 or 15 yrs Regular Limited pay Limited pay(10 or 20) with top-up

30 days/65years 30 days/65years 30 days/65years 0-65 yrs 0-60 0-60 0-60 18years-60 years 18years-50 years FDNA

FDNA

Not Allowed Not Allowed FDNA No

Rs. 25,000 Rs. 20,000 Rs. 18,000/- Rs. 15000 Rs. 10,000/- p.a. Rs. 10,000/- p.a. Rs.10,000/- Quote: Face Amount based

Terms To age 100 To age 100 To age 100 Whole of Life Whole of Life Whole Life Whole Life To age 100 Whole of life Whole of life To age 100

Regular and Short Pays Single Pay Regular and Single Pay Regular Regular Regular Regular Regular 10,15,20,25 & 30 yrs 10 pay or 20 pay

Rs. 10,000

5,000 / No limit 5,000 / No limit Rs. 5000/No Limit Rs. 10,000 / No limit Not Available Top-Up facility allowed. 10,000 / No limit N/A

BENEFITS

Death

Policy Fund Policy Fund Value Policy Fund Value Bid Value of units N/A N/A Not Applicable Not Applicable N/A

Withdrawals

Investment Funds

1. Protector 1. Assure 1. Preserver 1. Preserver 1. Equity Index 1. Equity

One Fund option

1. Secure Fund

One Fund option

2. Builder 2.Protector Bond Fund 2.Protector 2.Protector II 2. Debt 2. Debt 2. Growth Fund3. Enhancer 3. Builder Secured Fund 3.Balancer 3.Balancer II 3. Balanced 3. Balanced 3. Balance Fund

4. Enhancer Balanced Fund 4. Maximiser 4. Maximiser II 4. Cash 4. Cash

Growth Fund 5. Equity Plus 5. Equity Gain

Two Two Two Four Not applicable Not applicable One N/A

Not Available Not Available Not Available Not Available Yes Yes Not Available Not Available N/A

Riders AvailableNone

N/A

Single, Short pays, Regular

Age at Entry (Min/Max)

0-60( risk commences at 7 & ceases after 70)

0-60( risk commences at 7 & ceases after 70)

Face Amount (Min/Max)

50000 for minors, 75000 for adults / No Limit

Rs. 1,25,000( 5 times the Premium)/Depending on age and pay chosen, there is a max multiple of FA.

150% of the Single Premium Amount

0.5 to 10 times the SP 5 to 50 times the Annualised Premium Risk will commence either after 2 yrs from the date of commencement or from the policy anniversary coinciding with or immediately following the completion of 7 yrs of age whichever is later if age at entry of the Life Assured is less than or equal to 12 yrs.

SA chosen by the policyholder

Level I- a multiple of the anuual contribution Level II-

Increasing SA.

Min- 5 times the annual contribution Max- a multiple of the

annual premium which varies

according to age

Min- 5 times the annual contribution

Max- a multiple of the annual premium which varies

according to age

The min/max cover level may vary between

10 to 100 times the annual premium

depending upon the age at entry. 3 levels of

cover are available: Min, Std & Max or User

Defined.

10 times the annual premium subject to a max of Rs. 6,00,000

Option A: Level Death Benefit Option B: Increasing Death Benefit

Option C: Death Benefit adjusted for inflation

Change in Face Amount

Allowed once in 5 years (Minimum

amount of change is Rs. 50,000/-)

Increase allowed once every 5 years (Minimum amount of change is Rs. 50,000/-). First change

permitted after completion of first 5

Years. No decrease in FA allowed.

Yes(during special events 3 times or every 3rd yr

upto 3 times. This increase is at 25% of the original death benefit or 1 lakh whichever is lower,

each time. Also the facility to decrease the

FA.

Yes, over & above the increase in FA under Level

2 (which is an option of increasing FA option

available for ages 18 to 35- FA increases by 15% from

the beginning of 4th to 10th year s.t. a max of 3 lakhs). Also the facility to

decrease the FA.

Increase possible every 3 years upto 4 times. (Amount lower

of the 25% of the original Sum Assured

& 1,00,000), Decrease possible s.t. minimum

allowed

Increase possible every 3 years upto 4 times. (Amount lower of the

25% of the original Sum Assured & 1,00,000), Decrease possible s.t.

minimum allowed

Option to increase SA available upto 27th

policy anniversary or the policy anniversary

at which the life insured attains 67 yrs of age, whichever is earlier.

Allowed once a year anytime after three policy years. Increase would be subject to underwriting

Min Premium Payable

Quote: Face Amount based

SP- Rs. 25,000 RP- Rs. 5,000 p.a.

Rs. 18000 p.a.(Also the facility to increase or decrease the annual

contribution subject to certain conditions

Rs. 10,000/Max Rs 1,20,000

To age 75 To age 100

Premium Paying Term

Over the duration of the plan, 25, 20, 15, 10 , 5,

Single pay

Yearly, Half-Yearly, Quarterly & Monthly

Top up premium (Min/Max)

Rs. 5000/ Maximum Top-up allowed in a year is higher of the

annual premium payable or Rs

Rs. 10,000/No Limit (Top-ups allowed from day one if the Annualised Premium

is more than Rs. 10,00,000 otherwise

allowed after first Policy

Rs. 1,000/Equal to SP Rs. 1,000/ Total

premiums paid under the policy.

Face Amount + Policy Fund

Higher of Policy Fund Value or ( FA less

withdrawals made from the Policy Fund in the last 24 months preceding the death of the Life Insured)

Higher of Policy Fund Value or ( FA less withdrawals made from the

Policy Fund in the last 24 months preceding the

death of the Life Insured)

Higher of Face Amount or Bid value of units For Life

Assured of age less than or equal to 12 years before the

commencement of risk , the Bid value of units held in the

Policyholder's Account would be paid in case of death.

Higher of the chosen death benefit (less any

withdrawals) or the value of the units.

Higher of Policy Fund or the Face Amount (Fixed or

Increasing) chosen less any withdrawals

Higher of the Face Amount or Policy Fund

Value less withdrawals. (If

younger than 7years or older than 70 yrs only the policy fund would be payable)

Higher of the Face Amount or Policy Fund Value less withdrawals. (If younger than 7years or older than 70 yrs only the policy fund would be

payable)

Higher of the Face Amount or Policy Fund Value less withdrawals. (If younger than 7years

or older than 70 yrs only the policy fund would be payable)

Higher of the Face Amount or the Policy

Fund

Higher of the SA or fund value. If death occurs within yr 1, 110% of regular

premiums paid or fund value in respect of

regular premiums paid, whichever is higher.

The three death benefit options: Option A: Level Death Benefit (Higher of the 110% of PF or the FA) (PPT=10 yrs)Option B: Increasing Death Benefit (PF + FA) (PPT=20 yrs)Option C: Cost of Living AdjustmentDeath Benefit (Higher of the 110% PF or FA) Where the FA increases by 5%(simple interest) every year for 20 yrs.

Maturity/Survival/ Vesting

Policy fund value is paid. Guaranteed

Survival Benefits equal to 3% of SA every yr after the premium

payments are over till the termination of the

policy.

Policy Fund(In unitised product guarantee the

value not to fall below a certain %)

Policy Fund (Minimum guarantee of 3.5% net p.a.. Guaranteed 5% credit in the first 2 years if bought in the

year 2004. + Bonus Additions if any.

Anytime after two years.

After third Policy Year. Min amt- Rs. 25,000 subject to leaving a balance of Rs. 25,000 in the Policy Fund after withdrawal.

After third Policy Year. Min amt- Rs. 10,000 subject to leaving a balance of Rs. 25,000 in the Policy Fund after withdrawal.

Under SP & RP where less than 3 yrs premiums are paid, withdrawal is allowed subject to a minimum of Rs. 10,000 in the Unit Account. Under RP policies where atleast 3 yrs' premiums are paid, withdrawals will be allowed subject to a minimum balance of two annualised premiums in the Unit Account.

Anytime after 3 yrs without any penalty

Yes, after first 3 full years. Min withdrawal amount of

Rs. 2,000/-

After three years subject to a minimum balance of Rs 10000 across all funds. (min amount of withdrawal

is Rs 1000)

After three years subject to a minimum balance of

Rs 10000 across all funds. (min amount of withdrawal is Rs 1000)

Partial withdrawals allowed after three years subject to a

minimum balance of Rs 10000 across all funds.

(min amount of withdrawal is Rs 1000). Full withdrawals after 3

yrs.

After three years with reduction in the Face

Amount (min amount of withdrawal is Rs. 5000) subject to leaving Rs. 10000 in the policy

fund.

Allowed after 10 yrs.Min amount is Rs. 5000 & min balance

after withdrawal should not be less than Rs.

50,000

Allowed after two policy years

Assure Protector Builder Enhancer Creator and

One fund option (will invest fully in debt

instruments)5. Creator 6. Magnifier

Fund Switch (Free Switches in a year)

Four ( min switch amount is Rs. 10000)

Four ( min switch amount is Rs. 10000)

Three (min switch amount is Rs. 5000)

Three (min switch amount is Rs. 5000)

Change in Deposit Allocation

Available- after the First Policy Year

Available- from First Policy Year

Available upto two times a year.

1. Accidental Death & Dismemberment2. Critical Illness or Critical Illness Plus3. Term benefit4. Waiver of Premium

Term Rider ADD CI CI Plus and Lady Rider

Accident Benefit Rider Critical Illness Rider 1. Critical Illness

(Accelerated) 2. Major Surgical

Assistance 3. Accident and Disability

Benefit

1. Critical Illness (Accelerated)

2. Major Surgical Assistance

3. Accident and Disability Benefit

4. Waiver of Premium

1. Accidental Death2. Accidental Permanent

Total/Partial Disability3. Critical Illness4. Hospital Cash

Benefit


Total/Partial Disability3. Critical Illness

4. Hospital Cash Benefit

1. Accidental Death 2. Accidental Permanent Total/Partial Disability Benefit

3. Critical Illness Benefit 4. Hospital

Cash Benefit.

1. Accidental Death & Dismemberment

2. Critical Illness & Permanent Total

Disability 3. Hospital Cash Benefit

Accidental Death Benefit


COM/08/05-06/0375 August 23, 2005.

Surrender Value After three years After three years After 3 years

FDNA

Comments

Surrender after two years. No surrender charge after 4 years

Entire Policy Fund Value payable after 6 Policy Years.

Policy Fund Value less surrender Charges. No surrender charges from Policy Year 5 onwards.

Policy Fund less the surrender charges. No surrender charges from 2nd yr onwards for SP. No surrender charges for RP from two years onwards.

100% value of investments available after 3 policy years. Surrender possible after

one year

Full surrender after two years s.t. surrender

charges

Full surrender after two years s.t. surrender

charges

The USP of these three plans is the guarantee of 3% return on the policy fund net of all policy fees and charges. Also, the death benefit is higher which is Face Amount + the Policy Fund unlike other unit linked plans in the market.

3% guarantee on the Bond Fund.Benefit of Auto-Cover.

This plan has the premium holiday option. The policyholder is allocated additional units on a periodic basis. These would depend upon the total value of units in the policy & paid at the end of 4th, 8th & 12th yr subject to fulfilling certain conditions.

Cover begins at age 7 and ceases at age 70. There is the facility of automatic

cover maintenance where the policy continues even if

there is a temp break in premium payment plus the

flexibility to increase/decrease the SA

and /or the annual contribution. The

policyholder is also entitled to an additional allocation of units as mentioned in

The flexibility of Unit Gain plan comes at

very high price.

The flexibility of Unit Gain plan comes at very

high price.

Guaranteed Survival Benefits of 3% p.a.on SA is subject to any partial withdrawals made. If any such

withdrawals are made, then the 3% benefits are reduced by such

withdrawals.

LifeLong has few unique features like - It can be taken as single as well

as joint life and the Face Amount and the

premium can be indexed to inflation & a free accidental death

cover. However, the life cover expires at age 70.

Capital Guarantee on the investments made in Secure fund. Facility of partial withdrawals available only after 10

policy years.

Ø The minimum guarantee of 3.5% (net) p.a. throughout the policy term.Ø For policies issued in 2004, a minimum rate of 5% p.a. will be credited for 2 years. Ø The policy also features Bonus additions (non-guaranteed). The facility of premium holidays is also available.


COM/08/05-06/0375 August 23, 2005.

MET LIFE KOTAK LIFE INSURANCE

Met Smart Kotak Easy Growth

Limited pay(10 or 20) with top-up Single

15/70 0-60 (75 for option 2)

Not Allowed

Rs. 50000

To age 100 Whole of Life

10 pay or 20 pay Single Pay

N/A Rs. 10000/No Limit

N/A

1. Multiplier 1. Gilt Fund2. Accelerator 2. Bond Fund3. Balancer 3. Balanced Fund

4. Moderator 4. Growth Fund

5. Aggressive Growth Fund

After first 3 months (None). Unlimited

Not Allowed Not Available

None

Min 1 Lakh ( 5 Lakh for preferred life)

Max No Limit

Option 1- With five times life cover Option 2- With

one times life cover

Allowed after first 3 policy years

Quote: Face Amount plus age, gender & risk class

based

The three death benefit options: Option A: Level Death Benefit (Higher of the 100% of PF or the FA) (PPT=10 yrs)Option B: Increasing Death Benefit (PF + FA) (PPT=20 yrs)Option C: Increasing SA @ 5%Death Benefit (Higher of the 100% PF or FA) Where the FA increases by 5%(simple interest) every year for 20 yrs. Where age at death is less than 5 yrs, only PFV is paid in all three options.

Option 1- Higher of the value of units or 5 times single premium paid Option 2- Higher of value of units or guaranteed death benefit net of any withdrawals.

After first 3 months. First two partial withdrawals are

free of cost.

Allowed in part or in full anytime after 1 yr without any penalty.

(min amount is Rs. 10000 subject to leaving a balance of

Rs. 50000 in the policy fund account)

5. Protector 6. Preserver

1. Critical Illness Benefit 2. Accidental Death Benefit

3. Permanent Disability Benefit


COM/08/05-06/0375 August 23, 2005.

FDNA Available

1. There are 6 different investment options to choose from plus the option of a premium holiday.

There are restrictions in this plan regarding the max amount of life insurance cover once the policyholder reaches 61 & the max single premium amount for minors opting for Option 1 SA.


COM/08/05-06/0375 February 4, 2005

WHOLE LIFE PLANS IN THE MARKETCOMPANY ALLIANZ BAJAJ AMP SANMAR AVIVA HDFC ICICI ING VYSYA LIC MXNYLProduct name Unit Gain Plus Unit Gain Lifetime Care Nithya Shree Lifelong Life TimeII Rewarding Life Fulfilling Life Jeevan Tarang Whole Life with Profits Whole Life

Product type Variable Universal Life Traditional Participating Variable Universal Life Traditional Participating Traditional participating Traditional participating

FEATURES0/60 20/60 18/ 60 18/70 0/60 12/50 18/49 0/60 18/60 12/60 12/60

80 FDNA 85 (Premiums can be paid upto age 65) 100 years 80 70 FDNA 100 yrs

Term (years) Whole of Life FDNA Whole of life Till age 85 or earlier death To age 100 Whole of Life

Min Annual Premium Rs. 15000 p.a. Rs. 5000 p.a. User defined Rs. 950 per 1000 of SA Rs. 18000 p.a. Rs. 6000 p.a. Rs. 8000 p.a. N/A FDNA FDNA FDNA

FDNA 25,000/- 25,000/- FDNA FDNA 50,000/- 50,000/- 30,000/-

FDNA No Limit 5,000,000/- FDNA FDNA No limit No limit No limit No limit 1 crore

FDNA FDNA FDNA FDNA Not Allowed N/A N/A N/A N/A

RP RP 5yrs/40yrs 85/Upto maturity age SP RP 15, 20 or 25 RP N/A

Single Pay Single Pay

Investment Funds N/a N/A N/A N/A N/A N/A N/A N/A N/A N/A

BENEFITSDeath Benefit Sum Assured + Bonus Face Amount + Bonus

Maturity Benefit Not Applicable Face Amount + Bonus Face Amount + Bonus Policy Fund Value

Surrender Value After three years After three years After 6 months After 3 years After 3 years After 3 years After 3 years FDNA After 3 years

Riders Available No Riders None None None

Loan Facility N/a N/A FDNA Yes Yes Yes FDNA

Strengths Lower premium No special features Offers Spouse Rider

Weaknesses

Single Premium Whole Life Plan

Limited Payment Whole

Life

Single Premium

Whole LifeTraditional Participating

Traditional Participating

1.Unit linked 2.Unitised with profit


Traditional participating (With Profit & Without Profit)

Traditional Participating & Non participating


15/60 for economy pack (18/50 for other

packs)

0/70 (Child below 91 days is not insured)

Max age at maturity(years)

No fixed term for the plan (cover starts at 7 &

ceases at 70)

85 (Can be extended to 99)

85 (risk cover expires at age 70).

Whole of life (cover ceases at age 70)

Open contract. Policy can be surrendered anytime after 3 years without any

charge.

Min- 10 yrs (For terminal bonus, min

term is 15 yrs.) Max- to age

To age 85. Can be extended beyond

that.

Upto age 80 or a term of 35 yrs whichever is

later.

80 yrs or 40 yrs of PPT from the DOC whichever

is later.

80 yrs or 40 yrs of PPT from the

DOC Rs. 10000 p.a.

Depends on duration. Longer

the duration, lower the

Rs. 18.42 per 1000 SA for a male aged 20- PAR policy Rs.

9.06 per 1000 SA for a male aged 20- Minimum Face Amount(Rs.)

Min- 5 times the annual contribution

3 levels of cover Minimum, Maximum & Std.Cover may vary between 10 to 100 times the annual pemium depending upon age at entry.

Level I- a multiple of the anuual contribution

Level II-Increasing SA.

1 Lakh and in multiples of Rs. 5,000/-

1,00,000 (option 1) & 1,50,000(option 2)


A multiple of the annual premium which varies

according to age


Increase possible every 3 years upto 4 times.

(Amount lower of the 25% of the original FA or 1,00,000), Decrease

possible s.t. minimum allowed

Option to increase SA by 50% on 3

occasions like marriage, birth of first

child & birth of 2nd child

Option to increase SA available upto 27th

policy anniversary or the policy anniversary

at which the life insured attains 67 yrs of age, whichever is

earlier.

Yes (Also an option of increasing FA option

available for ages 18 to 35- FA increases by 15%

from the beginning of 4th to 10th year s.t. a

max of 3 lakhs. Premium Paying Term (years)

Short Pays (16, 20 or 24 years)

Limited Pays(10,15 and 20 years)

5-55(max prem ceasing age is

70)

RP, but can be reduced

Premium Paying Mode



Yearly, Half Yearly or Quarterly


Yearly, Half Yearly or Quarterly

Yearly, Half yearly,Quarterly or

Monthly

Yearly, Half yearly, Quarterly or

Monthly

Yearly, Half yearly, Quarterly, Monthly, SSS

and Single Premium

Yearly, Half yearly, Quarterly or Monthly

Yearly, Half yearly,

Quarterly or Monthly


1. Equity Index 2. Equity Plus3. Debt Plus4. Balanced Plus5. Cash Plus

1. Equity2. Equity Gain3. Debt4. Balanced

Unitised with profit or Unit Linked

1. Preserver2. Protector II3. Balancer II 4. Maximiser II

Higher of the PFV or the Face

Amount less the withdrawals

Higher of the PFV or the Face

Amount less the

withdraw

Face Amount + Vested Bonus

Higher of value of units or the SA+ final bonus in case of a with profits policy (If death occurs after 70, only policy fund value is paid)

Higher of PFV or the Face Amount chosen less any

withdrawals

FA + Reversionary Bonus + Terminal bonus

Face Amount + Bonus

Death during the accumulation phase- Sum Assured with vested

reversionary bonus. After the accumulation period- Sum

Assured with loyalty additions, if any.

Face Amount + Accrued Bonus + Terminal

Bonus(Only if policy was in force for 15 years)


Face Amount + Bonus

Option I: Face AmountOption II: Face Amount + Bonus


Policy Fund Value (In unitised product

guarantee the value not to fall below a

certain %)

Face Amount + Reversionary Bonus +

Terminal Bonus

% of Face Amount payable every quarter of the

premium term + Face Amount

Sum Assured plus loyalty additions, if any.

FA + Accrued Bonus + Terminal Bonus can be

paid at age 80 or on expiry of term 40 yrs

from the DOC whichever is later.

FA + Vested Bonus

Face Amount + Bonus

Option I: Face AmountOption II: Face Amount + Bonus (Payments made every year)

50% SA between 3-5 yrs60% SA between 5-10 yrs70% after 10 yrs

Full surrender possible after 2 years & partial surrender after 3 yrs (min amount is Rs.

5000 & a balance of Rs. 10000 is to be maintained in the

Partial withdrawal after 3 yrs (min amount of

withdrawal is Rs. 2000). Full surrender available

after 1 year

Guaranteed Surrender Value after completion of atleast one policy year for single pay and after three policy years and three full years' premiums are paid.

1. Accidental Death2. Accidental Permanent Total/Partial Disability3. Critical Illness4. Hospital Cash Benefit

1. Accidental Death2. Accidental Permanent Total/Partial Disability3. Waiver of Premium 4. Critical Illness5. Hospital Cash Benefit * Economy, Protect, Health & Total

1. Critical Illness Benefit 2. Accident Cover

1. Accidental Death & Dismemberment2. Critical Illness & Permanent Total Disability 3. Hospital Cash Benefit

1. Critical Illness (Accelerated) 2. Major Surgical Assistance 3. Accident and Disability Benefit4. Waiver of Premium

1. Accidental Death Benefit2. Accidental death, Disability and Dismemberment3. Waiver of Premium4. Term benefit

1. Accidental Death Benefit2. Accidental death, Disability and Dismemberment3. Waiver of Premium4. Term benefit

1. Accident Benefit Rider 2. Term Assurance Rider 3. Critical Illness Rider All the above riders are available during the accumulation period only. Accident Benefit Rider is allowed for

1. Personal Accident Benefit 2. Guaranteed insurability option3. Term Rider4. WOP5. Dread Diseases6. Spouse Insurance Rider 7. Terminal Illness Benefit (Inbuilt) 8. Option to participate in progressive bonuses

Yes (loan at 90% of SV)

Yes (loan at 90% of SV)

After the policy has acquired a SV

Yes (after paying 3 yrs' premium)

Yes (after paying 3 yrs' premium)

Yes, once the policy has acquired a cash SV.

1. Capital guarantee on the Cash Fund(Cash Plus in case of Unit Gain Plus Plan)2. Number of riders available3. Flexible investment features like Multiple allocation, Switches and Top-ups

1. Compounded annual bonuses, 2. Increase in risk coverage is allowed later upto 50% of the Face Amount without any underwriting requirements3. Comprehensive set of riders

Does not offer any special feature

1. It can be purchased on joint life as well (with spouse only) first death basis2. Capital guarantee on the unitised with profit fund3. Three levels of cover4. Liquidity in the form of withdrawals

1. Withdrawals on 10th, 15th, 20th and on every 5 yearly anniversaries thereafter.2. No medical check up is required

1. Increase & decrease in death Benefit is possible2. Switch between various plan options (4 free switches, min amount of switch is Rs. 10000)3. Additional allocation of units as a % of the avg. investment value.

1. % of FA paid at intervals during the term

Survival Benefits paid at the end of the accumulated period: Vested reversionary bonus in a lumpsum. On survival to each year after the accumulation period: 5.5% of the Sum Assured.

No special features

No special features

1. Flexibility and liquidity at a very high price2. Guarantee on Cash Fund(Cash Plus Fund in case of Unit Gain Plus plan) provided the invested amt remains in the same fund throughout.3. No guarantee on other Fund options

1. No flexibility and liquidity

2. High SV 3. Other packs differ only in terms of the

riders where some or all of them are inbuilt

1. No transparency in charges2. No control over investments3. High Surrender Charge

1. Only one unit linked fund2. No Guarantee on the unit linked fund3. Bid offer spread of 5%

1. No transparency in charges2. No control over investments

1. Cover begins at age 7 and ceases at age 702. Premium Holiday can be availed for a max of 2 years at a time.



1. No transparency in charges2. No control over investments 3. Riders available but only during the accumulation period.






COM/08/05-06/0375 February 4, 2005

MET LIFE TATA AIGMet 100 Mahalife Gold

Participating

15/70 30 days/60

100 yrs 100

Whole of life Whole of Life

Rs. 2,500 p.a. FDNA

50,000/- 50,000/- 50,000/-

No limit 4,99,000 4,99,000 No limit

N/a N/a N/A N/a

15 years


N/A N/a

Face Amount

Face Amount

After 3 years

Yes

Non-participating Limited Pay Whole

Pay

Participating Whole Life Limited Pay (Gold & Platinum)

0/70 (65 for PPT of 20 yrs & 60 for PPT of 25

yrs)

Rs. 2500 p.a. (exclusive of rider premium for issue ages 15 & above)

Short pays (15, 20 or 25yrs) or life(age 85 minus age at entry)


Face Amount + Reversionary bonus (accrued bonus + % of Face

Amount) after 2 years + Terminal bonus after 10th policy anniversary

FA+ Cash dividends if any

Face Amount + Reversionary bonus + Terminal bonus

5% of FA paid every year from the 10th yr

onwards+ Cash Dividends from 6th

year onwards + Entire Face Amount Guaranteed SV after 3 years equal to 30% of all premiums

paid.

1. Accidental Death Benefit2. Term Rider3. Waiver of Premium & 4. Critical Illness

1. Accidental Death Benefit2. Term Rider3. Waiver of Premium & 4. Critical Illness

1. Accident Benefit2. Disability Benefits 3. Term Benefits 4. Critical Illness

Yes, after 3 yrs. (Loan available for upto 90% of the Guaranteed SV)

1. Option to convert the policy into paid up2. Reversionary Bonus

1. Option to convert the policy into paid up2. Reversionary Bonus

Annual payments after the 10th yr is a very attractive option

which makes it the best selling plan of

Tata AIG



3. High Surrender Charge

1. Rider benefits available only for 15 years2. No control over invetsments3. High surrender charge in the initial years.


COM/08/05-06/0375 August 23, 2005.

ENDOWMENT PLAN

COMPANY BSLI ALLIANZ BAJAJ AMP SANMARProduct name Flexi Save Plus Life Companion SimplyLife Save Care SP Save Care Invest Gain Shubha Shree

Product type Unit Linked Unit Linked Unit Linked Traditional participating Traditional participating

FEATURES30 days/65 0/60 12/65

80 75 60 70 70 70 for all packs 75Term (years) 15,20,25,30 and "To age 60" 10 years 10 10-40 5-40 10-40

75,000/- Rs. 50,000/- 50,000/- FDNA 50,000/- 25,000/-

No limit No Limit Rs. 5,00,000/- FDNA No limit No limit No limit

Min Annual Premium Rs. 10,000/Rs. 1,00,000 Rs. 35,300 Rs. 5000 FDNA

Single Pay

Premium Paying Term Single, Regular and Short Pay. Regular and Short Pay Regular Pay Single Pay Same as the policy term

BENEFITSDeath

Maturity Policy Fund Value FA + Bonus FA + Bonus

Surrender value After 3 years After 3 years

Loan Facility Available Yes No No

Tax Benefits Sec 80 C and 10(10D) Sec 80 C and 10(10D) Sec 80 C and 10(10D) Sec 80 C and 10(10D)

Min/Max age at entry (yrs)

30 Days/65 "To age

60"-0/40

30 Days/50 years

0/60 (risk commences at age

7)

0 /50 for basic pack 18/50 for other

packs (risk commences at age 7)

Max age at maturity(years) 5, 10, 15, 20, 25 & 30 yrs/ To

age 15, 20, 25, 30, 35, 60, 65, 70 & 80


50,000/- for minors, 75,000/- for adults


Premium Amount is selected by the Policyholder

Premium Amount/Face Amount is selected by the Policyholder

Premium Paying Frequency

Single Pay, Yearly, Half yearly, Quarterly & Monthly

Yearly, Half yearly, Quarterly & Monthly

"To age 60"-short pay(20 Pay)

Yearly, Half yearly, Quarterly & Monthly(ECS only)

Yearly, Half yearly,Quarterly &

Monthly


Yearly, Half Yearly & Quarterly

Equal to the policy term or short pays

Face Amount + Policy Fund Value


Policy Fund + A percentage of the Face Amount based in the

year in which death takes place.

FA(min guaranteed amount) + Accrued

Bonus

Options1. FA2. Double the FA 3. Triple the FA4. Quadruple the FA Plus bonus with each option

1. Economy-FA 2. Gold (Double of FA), 3. Diamond (Triple of FA) &4. Platinum (Quadruple of FA)

FA + Accrued bonus(If death occurs after the

prem paying term, FA + Bonuses irrespective of

the benefits already paid)

Higher of FA or policy value. If the client pays all the

premiums before 60 days from the due date, then an

additional 5% of the policy value will be added to the

Higher of the Policy Fund or aggregate of all premiums paid

subject to conditions.

FA(min guaranteed amount) + Accrued

Bonus

FA at the end of the prem paying term plus bonuses

at maturity

After 2 years. (No surrender charge after 4th year)

Can be surrendered at any point in time. No surrender

charge after 3rd year.

Can be surrendered at any point in time. No surrender

charge after 7th year.

Anytime. SV determined by the company on a fair

basis.

Surrender value as a % of premiums paid for premium paying terms:1. 2-3 years- after 1 yr 60%2. 5-6 years- after 2 years 30% Yes. Loan is 90% of

SV.Yes, after 3 yrs. Loan is 90% of the SV.

Yes, after 3 yrs' premiums have been

paid.

Sec 88 & Sec 10(10D)

Sec 88 & Sec 10(10D)

Sec 88, Sec 10(10-D) and Sec80(D) for HCB and CI


COM/08/05-06/0375 August 23, 2005.

Riders Nil Not Applicable

Once in every five years Not Allowed Not Allowed N/A N/a Not Applicable

Strengths Contribution guarantee

Weaknesses

1. Accidental Death & Dismemberment2. Critical Illness or Critical Illness Plus3. Term benefit4. Waiver of Premium5. CI for women

Embedded Accidental Death & Disemberment Rider

1. Accidental Death Benefit 2. Accidental Total Permanent Disability, 3. Waiver of premium 4. Critical Illness and 5. Hospital Cash Benefit

1. Accidental Death Benefit 2. Accidental Total Permanent Disability 3. Waiver of Premium 4. Critical Illness 5. Hospital Cash Benefit 6. Family Income Benefit

1. Accidental Death Benefit 2. Critical Illness

Increase/decrease in FA

Can increase upto 50% at marriage, birth of 1st and

2nd child without any underwriting

1. Three percent guarantee net of policy fees & charges2. High Death Benefit= FA + PFV3. No surrender charge after 4 years. 4. Short pays and regular pays available5. Liquidity: Withdrawals allowed after 3 years

1. FA guaranteed at maturity( subject to conditions). 2. Extra 5% of the policy value added to the policy fund if certain conditions are fulfilled as guaranteed additions 3. Embedded AD&D

1. Minimum Guaranteed returns at 3.54% 2. Minimum Guaranteed amount at death or maturity along with compounded annual bonuses.

1.Choice in level of risks 2.Short Pay options 3.Family Income Benefit 4.Increase in FA allowed5.Flexibility of reducing the level of supplementary death cover. 6. Attractive rebates for high SA & women policyholders.

1. Protection continues for 5 years for full SA after policy premium term 2. Rebates for high FA

1.Low Surrender Value 1. No transparency in charges2. No control over investments3. High Surrender Charge

1. Absence of WOP rider2. Low Surrender Value 3. No liquidity


COM/08/05-06/0375 August 23, 2005.

AMP SANMAR AVIVA HDFC ICICIDivya Shree LifeBond 5 Life Saver Endowment-Unit Linked Secure Plus Save n Protect Invest Shield Life

Traditional participating Unit-Linked Unit Linked Unit linked

5/65 18/65 18/65 18/60 12/60 0/60 0/60 0/55

75 FDNA 70 70 75 75 70 7510-50 5- (To age 70) 10 - 30 10-30 10-30 Min term 10 10-30 yrs

FDNA FDNA 50,000/- Rs.1 Lakh

FDNA 20 times premium FDNA No limit FDNA

Rs. 25,000 Rs. 3500 p.a. Rs.10,000 FDNA Rs. 6000 Rs. 6000 Rs. 8000

Yrly, half yrly and Qrtrly Yearly, Half yearly & Monthly FDNA

Same as the policy term 5 yrs Same as the policy term Same as the policy term Same as the policy term

Higher of the PFV or FA Higher of the PFV or FA FA + Bonus

Policy fund value Policy Fund Value FA + Bonus

After 1 year After 2 years FDNA After 3 yrs After1 yr

FDNA FDNA No FDNA FDNA

Sec 80 C and 10(10D) Sec 88, Sec10(10 D) Sec 88, Sec10(10 D) Sec 88, Sec10(10 D) Sec 88, Sec10(10 D) Sec 88, Sec10(10 D) Sec 88, Sec10(10 D)

Endowment Assurance Plan

Unitised with profits & Unit Linked



Unit Linked with Capital Guarantee

5-35 (regular premium) 5-15 (single

premium)

Rs. 25,000 or as determined by the minimum premium

Fixed at 5 times the annual premium

3 levels of cover-Low,Medium & High.Min- 5

times premium

3 levels of cover available: Basic, Standard & Enhanced.

Rs. 5,00,000 (if age below 18) Else no limit

Rs. 2000 p.a. Rs. 25,000 Single

PremiumSingle Pay, Yearly, Half yearly, Quarterly &

Monthly



Yrly, half yrly and Qrtrly

Yearly, Half-Yearly or Monthly

Same as the policy term



FA+ Accumulated Bonuses

If death occurs within 1 yr- higher of 110% of the annual premium or policy value. If death occurs after 2 yrs-

higher of SA or policy value.

FA + PFV (3 level of covers -1.Basic: (Term-5)*Annual premium, 2. Standard: (Term)*Annual premium & 3. Enhanced: (Term + 5) * Annual premium)

FA + GA @ 3.5% compounded

annually for the first 4 years + Vested

Bonus

FA+ higher of the value of Unit Fund or

the guaranteed value of the unit

fund. For age < 7, SA is not paid. Rest

part is paid.FA+ Accumulated

BonusesPFV

(In case of Unitised policy fund there is guarantee that the

selling price of the units would not fall)

Policy Fund + Investments made by the policyholder if it is more than the Policy Fund

FA + GA @ 3.5% compounded

annually for the first 4 years + Vested

Bonus

Higher of the value of Unit Fund or the

guaranteed value of the unit fund.

After 3 yrs. Min SV= 30% of premiums paid for RP

and 70% for SP

Anytime subject to surrender charges

After 3 years, 35% of all premiums paid excluding the 1st year premium, rider and

extra premiums.

Yes, once the policy has acquired a paid-up value

Yes, once the policy has acquired a paid-

up value

Yes, after the policy acquires SV.

Sec 88, Sec 10D, Sec10(10 D)


COM/08/05-06/0375 August 23, 2005.

None

Not Allowed No No FDNA Not Applicable FDNA

1. Term Life Insurance Benefit Rider 2. Accidental Death & TPD 3. Critical Conditions Rider

1. Accidental Death & Dismemberment2. Critical Illness & Permanent Total Disability

1. Accidental Death Benefit2. Critical Illness Benefit

1. Critical Illness2. Accidental Term Benefit 3. Accidental Death Benefit 4. Waiver of premium

1. Critical Illness (Accelerated) 2. Major Surgical Assistance 3. Accident and Disability Benefit4. Accident Benefit Cover5. Income Benefit 6. Waiver of Premium

1. Critical Illness2. Major Surgical Rider 3. Accidental Death Benefit4. Accident Benefit

1. Accident & Disability Benefit 2. WOP Rider 3. CI Rider

Is possible by an indexation increase determined by the

company

Inbuilt extended additional life

insurance cover for 50% of SA post

maturity provided policy is in full force

till maturity.1. Choice of 3 investment funds 2. Capital Guarantee on Secure Fund 3. Choice in Deposit Allocation

1. Can be purchased as Single life or Joint life 2. Increase in sum assured allowed (Indexation) 3.Top- ups allowed.(min top-up is Rs. 10,000) 4. Free accidental death cover

1. Low charges2. Low surrender charge 3. Top-Up facility 4. Choice of 5 investment funds with the facility to switch between funds

1. Flexible entry and exit ages

1. Guarantee of 4% bonus credit on invested premium for the 1st year2. Choice between risk covers3. Income Benefit Rider 4. Option to receive the maturity proceeds in lumpsum or in equal annual instalments over 3 or 5 yrs

1. Extended Life cover for 5 years after maturity for 50% of the FA without any medical test or extra premium, No rider benefits are available during this term

Credits in the form of additional units are paid to the policyholders as a % of the premium at various points of time during the policy term. There is also the choice of premium holiday, top-up & increase/decrease in 1. Fixed cover amount of

5 times premium1. No WOP2. No withdrawals3. No guarantee with the unit-linked fund

1. Withdrawals are allowed only when the PFV exceeds the Face Amount2. No guarantees3. High premiums for relatively low FA

1. Low SV2. No liquidity

1. Low Surrender Value 2. High premiums for relatively low FA

1. High SV2. No liquidity3. Risk cover starts at 7


COM/08/05-06/0375 August 23, 2005.

ICICI ING VYSYA LIFE INSURANCE CORPORATIONInvestShield Cash InvestShield Gold Powering Life Safal Jeevan

Traditional participating Traditional participating

0/60 0/60 18/60 12/55 18/45 12/65 12/60 18/50 18/50 12/50

75 75 70 65 60 75 70 70 70 7010-30 yrs Limited- 5,7 & 10 yrs 10, 15 & 20 10-30 yrs 10,15 & 20 yrs 5-55 5-50 15-30 15-30 15, 20 & 25

Rs.1 Lakh Rs.1 Lakh FDNA FDNA FDNA 50,000/- 50,000/- 50,000/- 30,000/-

No Limit No Limit No limit FDNA FDNA No limit No limit No limit No limit No limit

Rs. 8000 Rs. 25,000 Rs. 24,000 FDNA FDNA FDNA FDNA

FDNA Same as the policy term Regular Regular/Single

FA + Bonus FA + Vested Bonus FA + Bonus

FA + Bonus FA + Bonus

After1 yr After1 yr After 3 years After 3 years After 3 years After 3 years After 3 years After 3 years After 3 years

No After 3 years Yes (90% of SV) Yes Yes Yes

Sec 88, Sec10(10 D) Sec 88, Sec10(10 D) Sec 88, Sec10(10 D) Sec 88, Sec10(10 D) Sec 88, Sec10(10 D) Sec 88, Sec10(10 D)

Reassuring Life Endowment Plan

Endowment with profit Ltd Pay End with Profits

Jeevan Mitra Double Cover

Jeevan Mitra Triple Cover

Bhavishya Jeevan



Traditional participating






50,000/- for regular mode

Rs. 4000 (Rs. 6000 for with reversionary bonus

plan)

Varies from Rs. 2000 to Rs. 4000





Annually, Half-Yearly & Quarterly



Quarterly & Monthly

Yearly, Half yearly, Quarterly

& Monthly


Quarterly & Monthly


Quarterly & MonthlySame as the policy

termRegular (PPT ceases

at age 65)Same as the policy

termSame as the policy term





part is paid.




part is paid.

FA + Reversionary Bonus + Terminal

Bonus

FA+non-guaranteed bonus, if any.

Double the FA + Vested Bonus

(Double Accident Benefit is opted

for, triple the amount of FA)

Three times the FA +

Vested Bonus

FA + Vested Bonus





FA + Reversionary bonus + Terminal

bonus

FA+non-guaranteed bonus, if any.

FA + Vested bonus+ Final additional

bonus,if any

FA+ Vested bonus FA + Vested bonus

FA + Vested bonus

After 3 years, (Not below 30% of the

total premium paid(excluding 1st years premium and any extra premium

Yes, after the policy acquires SV.

After 2 yrs premiums are paid

No loan for policies issued to minors until

vesting

Sec 88, Sec10(10 D)

Sec 88, Sec10(10 D)

Sec 88, Sec10(10 D)

Sec 88, Sec10(10 D)


COM/08/05-06/0375 August 23, 2005.

None None None None

N/A N/A N/a N/a N/a N/a N/a N/a N/a N/a

1. Short pays offered Inbuilt accident cover

No WOP Rider

1. Accident & Disability Benefit 2. WOP Rider 3. CI Rider

1. Accident & Disability Benefit 2. CI Rider

1. Term 2. Accidental Death Benefit 3. Accidental Death & dismemberment4. Waiver of Premium

1. Accidental Death Benefit2. Accidental Death Dismemberment 3. Waiver of Premium 4. Term Benefit

1. Accident Benefit2. Inbuilt Disability Benefit

Inbuilt Accident Benefit

Apart from the additional benefits in InvestShield Life, this plan also offers the option to withdraw upto 10% from the Unit Fund from 6th yr onwards.

1. Choice of maturity term & PPT 2. Additional credits for policyholders 3. Top- Up Facility 4. Flexible contribution

1. Bonuses can be encashed before

maturity.

1. Inbuilt Disability Benefit

2. Bonuses declared every year can be

paid before maturity

1. No special features

1. Death Benefit is twice the FA

1. Triple the FA as Death Benefit

No special features

1. Few terms possible2. Low surrender value 3. No liquidity

1. High surrender charge2. No transparency in charges







COM/08/05-06/0375 August 23, 2005.

LIFE INSURANCE CORPORATION MXNYLJeevan Anand Jeevan Sathi Jeevan Saral New Janaraksha Jeevan Pramukh Jeevan Shree-I Life Gain Plus To Age 60 policy


18/65 20/50 FDNA 12/60 18/50 18/65 0/17 18/65 0/55 91 days/ 50 years

75 70 65 70 70 75 65 75 75 605-57 15-30 10-40 10-35 12-30 5,10,15,20 & 25 25-50 5-25 20 & 25 years To age 60

1,00,000/- 50,000/- 30,000/- 1,00,000/- 30,000/- 10 Lakhs 50,000/- Rs. 5,00,000 50,000/- 1,00,000/-

No limit No limit No limit No limit 10,00,000/- No limit No Limit No limit 5 crore

FDNA FDNA FDNA FDNA FDNA FDNA FDNA

Limited

FA

FA + Bonus Double the FA 110% of the FA + Bonus

After 3 years After 3 years After 3 years After 3 years After 1 yrs After 3 years

Yes Yes Yes Yes No Yes

Sec 88, Sec10(10 D) Sec 88, Sec10(10 D) Sec 88, Sec10(10 D) Sec 88, Sec10(10 D)

Double Endowment

Without Profits

Deferred Endowment



Traditional non-par



Keyman Insurance Plan

Traditional Children's Plan



No Limit. Should be in multiples of 1

lakh.

Upto age 49- Rs 250 p.m. Age 50 & above-

Rs. 400 p.m.Yearly, Half yearly,

Quarterly & Monthly



& Monthly


Yearly, Half yearly, Quarterly &

Monthly


Monthly


Monthly


Monthly








For 20 yr policy-6,10 yrs For 25 yr policy-

6,10, 15 yrs


FA + Vested Bonus. If death

occurs after PPT, FA is paid.

Death of one: FA is paid + WOP & FA +

Bonus paid at maturity. Death of both: Equivalent

benefits paid.

250*Monthly premium + ROP(excluding 1st

year and extra premium) + Loyalty

Additions

FA+ Accrued Bonus

SA+Accured Guaranteed

Additions+Accrued Simple

Reversionary Bonus+Final

Additional Bonus, if

If death occurs within deferment

period, refund of all premiums without

any deduction. After deferment

period, SA is paid.

FA+Accured Bonuses+Accured

Guaranteed Additions @ Rs. 50 per 1000 FA for the

first five years

Before age 10 years- ROP with interestBefore completion of 5 policy years-FA + BonusAfter 5 policy years- Double FA+ Bonus

FA + Bonus (If below 18, ROP with interest)

FA + Vested bonus at the

end of premium

paying term

Maturity Face Amount + Loyalty Additions

FA + Accrued bonus

SA+Accured Guaranteed

Additions+Accrued Simple

Reversionary Bonus+Final

Policy vests in the name of the child

on his/her becoming major

FA+Accured Bonuses+Accured

Guaranteed Additions @ Rs. 50 per 1000 FA for the

first five years

FA + Bonus + Terminal bonus if any

After 3 years. GSV or Special SV (Discounted Maturity SA-If < 4 yrs 80%, 4th yr 90%, > 5 yrs 100% of the MFA)

After 3 yrs, SV is 90% of the

premiums paid

After 3 yrs, GSV is 90% of the

premiums paid for SP and 30% for RP

After 3 years(min 30% of the premiums paid,

excluding first year's premium)

Yes, after the policy acquires a Paid Up

Value.

Available upto 90% once the policy acquires cash SV

As soon as the policy acquires a cash SV.

Sec 88, Sec10(10 D)

Sec 88, Sec10(10 D)

Sec 88, Sec10(10 D)

Sec 88, Sec10(10 D)

Sec 80 C and 10(10D)

Sec 80 C and 10(10D)


COM/08/05-06/0375 August 23, 2005.

None None Not Available. WOP Rider ADD & Term Rider

N/a N/a N/a N/a N/a Can be done N/A Not Allowed N/a N/a

Inbuilt Double Accident

Benefit during the prem

paying term, till age 70

1. Accident Disability Benefit2. Term Assurance Benefit

Inbuilt Accident/Permanent Disability(double FA + bonus)

1. Accidental Death Benefit2. Accidental Death or Dismemberment3. Term4. Term R&C5. Payor Benefit (before age 18)6. WOP (after age 18)

1. Dread Disease2. Personal Accident Benefit3. Term4. Payor Benefit (before age 18)5. WOP (after age 18)6. Terminal Illness Benefit (Inbuilt)

1. Short pays possible (5-57 years)2. Additional FA paid if death occurs after the PPT3. Inbuilt Accident Benefit

1. Two lives (spouses) are covered.2. Cost efficient 3. FA is paid in case of first death and the policy continues with all its benefits

Premiums vary acc to the term of years, Premium paying term can be pre decided

1. Loyalty Additions2. Low surrender charge3. Flexibility in term

1. Risk cover can continue for 3 yrs even when the premiums are not paid (Provided 2 years prem have been paid)

1. Guaranteeed Additions @50% for the first five completed years. 2. Participation in profits from 6th year onwards.

Deferment at age 18 or 21

1. Attractive Death benefit after 5 policy years2. Bonus can be encashed before maturity or can be used to offset premium payments3. Four bonus options

1. Terminal Bonus2. Bonus can be encashed before maturity3. Four bonus options4. Terminal Illness Benefit


1. Only women belonging to category I can be insured2. No riders available3. No liquidity & No transparency in charges


1. No transparency in charges2. No control over investments3. High premiums for relatively low FA

1. High Surrender charge2. No transparency in charges3. No control over the investment

1. Low Surrender Value 2. No riders available




COM/08/05-06/0375 August 23, 2005.

MXNYL MET LIFE OM KOTAK SBI TATA-AIGMet Saral Kotak Safe Investment Plan Sudarshan Invest Assure

Traditional participating Unit Linked Unit Linked Traditional participating Unit Linked

20/50 15/60 15/50 18/65 18/65 18/65 30 days-60 yrs

70 75 60 75 75 FDNA FDNA20 5 & 10 yr 10-30 10-30 10-30 15, 20 and 30 years

1,00,000/- Rs 1 Lakh ( Fixed) FDNA FDNA FDNA

5 crore FDNA FDNA FDNA

Rs. 2500 FDNA FDNA FDNA FDNA

Yearly, Half yearly, Quarterly Yearly, Half yearly, Quarterly

Same as the policy term Regular Same as the policy term FDNA

SA Higher of the FA or the PFV

SA FA + Bonus Additions Policy Fund Value

After 3 years Not Available After 3 years After 3 years FDNA

Not Available After 3 years After 3 years FDNA FDNA

Sec 88, Sec10(10 D) Sec 88, Sec10(10 D) Sec 88, Sec10(10 D) Sec 88, Sec10(10 D) Sec 88, Sec10(10 D)

20 Years Endowment Participating Policy

Met Suvidha PAR & Non-PAR

Kotak Safe Investment Plan II

Om Kotak Endowment Plan

Traditional participating & non

PAR

Traditional non PAR


12/62 for regular premium & 12-65

for single premium

15-30 yrs (5-30 for non PAR)

8-30 for regular premium & 5-30

for single premium

75,000/- for silver, 2,25,000 for gold

& 2,50,000 for platinum

Fixed SA (Option A) Increasing SA(Option B)

FA based on a multiple of the annual premium. Either 100% or 50% of the multiple can be chosen depending on age at

entry2,24,999/- for

Silver, 3,49,999 for Gold & No Limit for

PlatinumFor a male aged 20, premium rate is 52.36 per

1000 SA

Rs. 10000 p.a. (Rs 50000 for limited premium payment

mode)

Min regular premium is Rs. 12000



Monthly

Yearly & Half- Yearly

Yearly, Half yearly & Quarterly


& Monthly


Single, Regular & Limited( 5 & 10

Pay)

Regular/Limited/Short pays of 3,5,7,10 or 15 yrs

Regular/Limited/Short pays of 3,5,7,10 or 15 yrs


FA + Non Guaranteed Bonus

FA + Reversionary Bonus + Terminal Bonus (100% SA

for non PAR)

Higher of the FA or the Policy Fund Value + value of units in the Supplementary

Account

Higher of the value in the Accumulation Account or

the SA

Option A: SA+vested bonus

Option B: Increasing SA at 5% along with vested bonus

Higher of the PFV or the FA less the partial withdrawals. (If age at the time of death is

less than a year 20% of the FA is paid. Similarly, if it is 1, 2 or 3 years, 40%, 60% & 80% of

FA + Non Guaranteed Bonus

FA + Reversionary Bonus + Terminal Bonus (100% SA

for non PAR)

Higher of the FA or the Policy Fund Value

Higher of the FA or the Policy Fund Value + value of units in the Supplementary

Account

Option A: SA+vested bonus

Option B: Increasing SA at 5% along with vested bonus

After 3 years & increasing thereafter if the policy is in

full force

Partial withdrawal after 1 yr & complete surrender after 3

yrs

After 6 years without any surrender penalty

Yes, once the policy acquires a cash SV

90% of the SV after 3 yrs

Yes, at any point of time. Loan amount is 50% of the SV subject to a minimum

amount of Rs. 10000

Sec 88, Sec10(10 D)

Sec 88, Sec10(10 D)

Sec 88, Sec 10(10D), 80D


COM/08/05-06/0375 August 23, 2005.

FDNA None None

N/a FDNA N/A Not Available Not Available N/a

1. Personal Accident Benefit2. Term rider 3. Dread Disease Rider

1. Term/Preferred Term Benefit2. Accidental Death Benefit 3. Permanent Disability Benefit4. Critical Illness5. Life Guardian Benefit &6. Accidental Disability Guardian Benefit


1. Accidental Death Benefit 2. Term rider 3. Permanent Disability Benefit 4. Critical Illness 5. Life Guardian Benefit 6. Accidental Disability Guardian

1. Term benefit2. Critical Illness3. Accidental Death & 4. Total Permanent Disability

Min amount of lumpsum is Rs. 10000. Lump-sum

injection can be made at any point of time.

Increasing Face Amount option

1. Bonuses can be used to offset future premiums, or buy a term insurance policy, to increase the FA, Encash it or let it accumulate.2. Terminal Illness Benefit, 50% of the benefits payable s.t. 5 lakhs

Terminal Bonus is also paid

Convenient way to get SA of 1 lakh

without any medical or

underwriting requirements

1. Minimum guarantee of FA2. Premium Holiday3. Comprehensive set of riders

1. Short pays (3,5,7,10& 15 years)

2. Automatic cover maintenance

1. Short pays (3,5,7,10& 15 years)

2. Automatic cover maintenance

1. Option of increasing FA (By 5% every year), 2. Women get 5% rebate3. 30 day money back guarantee

1. Five investment Fund options2. Flexibility in Investments3. No surrender charge after the 6th year


1. No bonus declared for first 2

years 2. Bonuses paid

only at maturity or earlier death,

3. High Surrender Charge

1. No Liquidity2. Bid offer spread

1. High Surrender charge2. No WOP

1. High Surrender charge2. No WOP3. No liquidity


1. No riders2. Withdrawals would be s.t. surrender charge3. Premium Holiday is charged4. High Charges


COM/08/05-06/0375 August 23, 2005.

TATA-AIGStarkid Shubhlife

Child Policy

12/65 30 days- 8 yrs 18/65

FDNA FDNA FDNA10 yrs 10,15,20,25 & 30 yrs

FDNA FDNA FDNA

FDNA FDNA FDNA

FDNA FDNA

FDNA

FDNA FDNA

FA + Bonus + GA FA+ vested bonus

FA + Bonus + GA FA+ vested bonus

FDNA FDNA FDNA

FDNA FDNA Yes

Sec 88, Sec10(10 D) Sec 88, Sec10(10 D) Sec 88, Sec10(10 D)

Assure Security and Growth Plans



10, 20 & 30 or upto age 60


Spread over the term of the policy or short

pays

Death before PPT- WOP Death after PPT

& before the child turns 18, 50% SA is

paid.

20% SA at age 18,19,20,21 &

22+guaranteed addition equal to 50%

of the premium


COM/08/05-06/0375 August 23, 2005.

FDNA

FDNA FDNA FDNA

1. Accident Benefit2. Disability Benefit

1 Accidental Death 2.

Accidental Death & Disembursement 3. Term

Rider 4. CI Rider

1. Guaranteed Additions

Not enough data to comment on

Flexibility in PPT & term of the policy.

Guaranteed Additions at 3% p.a. from yr 1 payable every 2 yrs upto half the policy

term

For the policy to be eligible for bonus, it must be in force for atleast 10 yrs.


COM/08/05-06/0375 September 8, 2005

MONEY BACK PRODUCTSCOMPANY BSLI AMP SANMAR ALLIANZ BAJAJ HDFC ICICI ING VYSYAProducts Flexi Cash Flow Life Companion Dhana Shree Cash Gain Money Back Plan Cash Plus Cash Bak Maximizing Life

Product type Unit linked Unit Linked Traditional participating Traditional participating Traditional participating Unit linked Traditional participating

FEATURES30 days/65 30 Days/65 15/63 12/60 0/60 16/55 12/49

Max Maturity Age 75 75 70* 70 75 75 70* 65Term (years) 10-25 16,20,24 & 30 7 & 34 15, 20, 25 & 30 10-30 10-30 15 & 20 16, 20 & 24

75,000/- 25,000/- FDNA FDNA 75,000/- FDNA

No Limit No Limit No Limit No Limit FDNA FDNA No Limit FDNA

BENEFITSDeath FA + Policy Fund FA + Bonus FA + Bonus FA + PF FA + GA + Bonus FA + Bonus

Survival

Surrender Value After 2 years FDNA FDNA After 3 years

Riders

Policy Loan Yes No Not Available Not Available N/a Yes N/a Yes

Strengths



12/55 depending on the term & the package

chosen.


75,000/- (50,000/- for minors)

Rs. 50,000 for all packages


Premium paying frequency

Single Pay,Yearly, Half yearly,Quarterly or

Monthly

Yearly, Half yearly,Quarterly or Monthly, Short Pay

Yearly, Half-yearly & Quarterly




Monthly

Yearly, Half yearly,Quarterly or Monthly


Monthly


1. Economy-FA 2. Gold (Double of FA), 3. Diamond (Triple of FA) &4. Platinum (Quadruple of FA)

Withdrawals possible after 3 policy years. In

addition a specific percentage of FA is made available for

withdrawals after every 5 years.Policy Fund is paid

at maturity.

Percentage of FA paid at the end of every year is

as follows: 16 year term-10%(4th yr) and 20%(8th & 12th yr) &

50% on maturity. 20 year term-10%(4th & 8th yr), 15%(12th & 16th yr) & 60% on maturity.

24 yr term-10%(4th,8th,12th,16th &

20th yr) and 80% on maturity.

At the end of 4rth year from risk commencement a % of FA and thereafter every 3 years a specified

amount is paid + Remaining % of FA +

vested bonus for full term at maturity

FA paid in 5 instalments. Total payout 125%

of FA + Bonus

Percentage of FA is paid every 5 years.

10 year term- 40%15 year term- 30%20 year term- 25%25 year term- 20%

30 year term- 15%

PF+ Investment made if more than the PF +

Option of withdrawing upto 10% of the PF after

the first 5 years.

Regular payments:1. 15 yr term (In the 3rd, 6th, 9th and 12th yr) 2. 20 yr term (In 4th, 8th, 12th and 16th yr) In the order of 10%, 15%, 20% & 25% 50%FA, GA + Bonus at maturity

Percentage of Face Amount paid every

1/4th of the period of the term chosen.

40% of the SA is paid

on maturity.

Can be surrendered at any point in time. No

surrender charge after 3rd year.

GSV is 30% of all premiums paid. In case of surrender after the first

survival benefit is received, is 30% after

receiving the said benefit.

After 3 years. GSV will be 35% of premiums paid (Excluding the 1st year, rider & extra

premiums).

After 3 yrs GSV is 20%

of total full yrs' premiums paid less 20% of all survival

benefits paid.

1. Accidental Death & Dismemberment2. Critical Illness or Critical Illness Plus3. Term benefit4. Waiver of Premium5. CI for women

Embedded Accidental Death & Disemberment Rider

1. Critical Illness Rider2. Accident Cover

1. Family Income Benefit2. Accidental Death Benefit3. Accidental Permanent Total/Partial Disability Benefit4. Waiver of Premium5. Critical Illness Benefit6. Hospital Cash Benefit

1. Critical Illness2. Double Face Amount3. Accidental Death Benefit4. Waiver of Premium

1. Critical Illness (Accelerated), 2. Major Surgical Assistance Rider3. Accident and Disability Benefit Rider4. Accident Benefit Cover 5. Income Benefit Rider 6. Waiver of Premium Rider

1. Accident & Disability Benefit 2. Critical Illness 3. Major Surgical Assistance

1. Accidental Death Benefit 2. Accidental Death, Disability & Dismemberment 3. Waiver of Premium 4. Term Benefit

1. Liquidity: Withdrawals possible anytime after 3 years2. No surrender charge after 4 years3. High upside potential with a minimum guarantee of 3%

1. FA guaranteed at maturity(subject to conditions). 2. Extra 5% of the policy value added to the policy fund if certain conditions are fulfilled as guaranteed additions

1. Bonus is paid on the entire Face Amount irrespective of the survival benefits2. Rebates for high Face Amount

1. Different levels of risk cover2. Comprehensive set of riders including FIB & HCB

FA + Bonus paid as death benefit irrespective of the

earlier payouts

1. Guarantee of 4% bonus credit on invested premium for the 1st year2. Choice between risk covers3. Income Benefit Rider

GA @ 3.5% compounded annually for the first 4 years

Option to let the bonus accumulate and earn interest, or receive it in cash or adjust it against future premiums


COM/08/05-06/0375 September 8, 2005

MONEY BACK PRODUCTSCOMPANY BSLI AMP SANMAR ALLIANZ BAJAJ HDFC ICICI ING VYSYAProducts Flexi Cash Flow Life Companion Dhana Shree Cash Gain Money Back Plan Cash Plus Cash Bak Maximizing Life

Weaknesses

N/aRP & SP

N/a

After 3 yearsAccident Benefit

N/a

1. Payments on fixed intervals only2. No transparency in charges 3. No control on the investments



1. Low Surrender Value 2. High premiums for relatively low FA

1. Payouts on fixed intervals only2. Low surrender Value3. No control over investments

1. Low Surrender Value 2. Payouts at fixed intervals

Single pay, Yearly, Half yearly, Quarterly

or Monthly

10% of Face Amount every 5 years from commencement +

Vested Bonus + Additional Bonus


COM/08/05-06/0375 September 8, 2005

MONEY BACK PRODUCTSCOMPANYProducts

Product type

FEATURES

Max Maturity AgeTerm (years)

BENEFITSDeath

Survival

Surrender Value

Riders

Policy Loan

Strengths


Minimum Face Amount(Rs.)Maximum Face Amount(Rs.)


LIC MET LIFEJeevan Rekha Jeevan Surabhi Jeevan Bharati Bima Gold Bima Bachat Met Sukh Met Bhavishya

Traditional Participating Traditional Traditional Traditional non PAR

13/65 14/58 13/50 14/55 18/50 14-63 15-66 15/55

N/a 70 70 70 70 75 75 75 FDNAWhole of life 12, 15,20 & 25 20 & 25 15, 20 & 25 15 & 20 yrs 12, 16 and 20 years 9, 12 and 15 years 20 FDNA

2,00,000/- 40,000/- 40,000/- 40,000/- 50,000 Rs. 40,000/- Rs. 20,000/- 50,000/-

No limit No Limit No Limit FDNA 25,00,000 No Limit No Limit

FDNA Single Pay

FA + Bonus Sum Assured Sum Assured SA+WOP

After three years FDNA FDNA FDNA After 3 years After 3 years FDNA

Accident Benefit FDNA None

N/a N/a FDNA N/a Yes Yes FDNA

Auto-Cover Facility. Guaranteed Additions

Jeevan Samriddhi

Money Back Policy Traditional

participating

20/50 for parent Option A: 0/8 Option B:0/12 for

1 Lakh (min annual premium Rs 6000)

No Limit ( SA in multiples of Rs. 5,000)

No Limit ( SA in multiples of Rs. 5,000)


Monthly

Yearly, Half yearly,Quarterl

y or Monthly

Yearly, Half yearly,Quarterly

or Monthly


Yearly, Half-Yearly, Quarterly, Monthly or

through salary deductions.


Monthly

Yearly, Half yearly,Quarterly

Face Amount + Vested bonus + Additional bonus

FA + Guaranteed Addition +

Loyalty Addition

FA + Reversionary Bonus + Terminal Bonus

SA+ Guaranteed Additions at 50 per 1000 SA for 1st 5

yrs + Bonus

FA + Guaranteed Additions

10% of Face Amount every 5 years from commencement +

Vested Bonus + Additional Bonus

Fixed % of FA at specified

intervals depending

upon the term + balance FA +

Guaranteed Addition +

Loyalty Addition at maturity

Regular payments:1. 20 yr term (In the 5th, 10th & 15th year), 2. 25 yr term (In the 5th, 10th, 15th & 20th year) Plus balance 40% & bonus at maturity.

Regular payments:1. 15 years term- 30% of the Face Amount (after 4th and 8th year), 2. 20 & 25 years term- 25% of the Face Amount (after 4,8,12 & 15th year ) Plus bonus at maturity for 20& 15 years term and at the end of 18th year for 25 year term.

20% SA at the end of 5/10 yrs for 15 yr term (balance payable on maturity+GA+Bonus) 20% SA at the end of 5/10/15 yrs for 20yr term (balance payable on maturity+GA+Bonus

For policy term 12 yrs- 15% of SA at the end of 4th & 8th policy year. For policy term 16 yrs- 15% of SA at the end of 4th, 8th and 12th policy year. For policy term 20 yrs- 10% of the SA at the end of each 4th, 8th, 12th and 16th policy year. Payment of total amount of premiums paid plus Loyalty Additions, if any, less the amount of survival benefits paid earlier on maturity.

For policy term 9 yrs- 15% of SA at the end of 3rd & 5th policy year. For policy term 12 yrs- 15% of SA at the end of 3rd, 6th and 9th policy year. For policy term 15 yrs- 15% of the SA at the end of each 3rd, 6th, 9th, 12th policy year. Payment of single premium paid (excluding any extra premium) plus Loyalty Additions, if any, will be paid on maturity.

20% of FA at the interval of 5 years & 40% + Guaranteed

Additions at maturity

Certain % of SA is paid out at specific

ages of the child plus Guaranteed Additions

of 50 per 1000 SA+terminal additions

of 20% of the guaranteed additions

provided for every premium paid yr

After 3 years. Guaranteed Surrender Value is 30% of

the total amount of premiums paid excluding

first year's and rider premium.

Available after one Policy Year. This Surrender Value is

equal to 90% of the single premium paid ( excluding

any extra premium).

Accident Benefit @ 1Re. Per thousand Face Amount s.t max of 10

lakhs

Accident Benefit (upto 5 lakhs)

Female CI Rider Congenital Disability

Benefit Inbuilt Double Accident Benefit

Accident Benefit Rider and Accidental Death and

Disability Rider

1. Accidental Death Benefit 2. Term Rider3. Waiver of Premium 4. Critical Illness

1. Accidental Death Benefit 2. CI (10) Rider 3. WOP Rider 4. Term Rider

No but housing loan available

Yes, after the policy acquires a paid-up value.

1. Combination of Whole Life and Money Back plan

Guaranteed Additions

1. Short premium paying term2. Risk cover increases every 5 years

Special plan designed for women Option to receive maturity proceeds in the form of an annuity Free insurance cover for 3 yrs if 1st 2 premiums are paid Option to encash survival benefits as & when needed.

Single Pay money back policy.

Guaranteed +Terminal Additions


COM/08/05-06/0375 September 8, 2005


Weaknesses

LIC MET LIFEJeevan Rekha Jeevan Surabhi Jeevan Bharati Bima Gold Bima Bachat Met Sukh Met BhavishyaJeevan

SamriddhiMoney Back

Policy1. No transparency in charges2. No control over investments2. High Surrender Charge

1. Limited liquidity: Amounts paid at fixed intervals only2. No transparency in charges3. No control over investments

1. Limited liquidity: Amounts paid at fixed intervals only2. Low Surrender Value


COM/08/05-06/0375 September 8, 2005


Product type

FEATURES


BENEFITSDeath

Survival

Surrender Value

Riders

Policy Loan

Strengths




OM KOTAK SBI TATA AIGMoney Back Plan Young Sanjeevan Sanjeevan Money Back Policy Scholar II Sanjeevan Supreme Nirbhay Life

Traditional participating Traditional participating Traditional participating Traditional participating

18/60 25/60 40/65 15/60 18/60 (50 for Option D) 30 days- 55 yrs 6-55 years

75 70 75 70 70 75 75 7515, 20 & 25 10 10, 15 &20 10,15,20 or 25 yrs to age 21 of the child 10,15,20 or 25 yrs 21 12, 15 and 20 years

FDNA 50,000/- 1,00,000/- 50,000 50,000 50,000 Rs. 50,000 Rs. 50,000/-

No Limit 10 lakhs 10 lakhs 5 crore 1 crore 5 crore No Limit Rs. 4,00,000/-

Single Pay Single pay

SA+Bonus+WOP SA+ vested bonus Face Amount

FDNA FDNA FDNA FDNA FDNA

None

N/a Fund Value FDNA FDNA FDNA FDNA FDNAYes

Assure 21 yrs Money SaverTraditional

ParticipatingTraditional

ParticipatingTraditional

Participating

18/60 for parent 0/15 for child



Monthly


Monthly

Regular/Single (PPT of 6 & 10 yrs)


Monthly


Face Amount (Increases by 7% each year)

FA less the survival benefits+ Bonus but

after deferment period

FA + Bonuses if any less the survival

benefits paid

SA+vested bonus without any deductions

Double the Face Amount + coupons promised. In case of

death during the first two years, death benefit is return

of premiums rolled up with 5% rate of simple interest p.a.

15 yr term- 25 % FA every 5 yrs & Balance FA + 20%

of FA as GA at maturity 20 yr term- 20% FA every 5 yrs & Balance FA + 30% of

FA as GA at maturity 25 yr term- 15% FA every 5 yrs & Balance FA + 40% of

FA as GA at maturity (The bonus addition if

any would also be paid at maturity for all)

20% of FA every year from 6th year for five

years

20% of FA every year from 6th year for five

years

Term 10 yrs- 110% of SA Term 15 yrs-115%

of SA Term 20 yrs-120% of SA Term 25

yrs-125% of SA

At age 18 of child- 25% of SA

Age 19-25% Age 20-25% Age 21- 25%+vested bonus

Guaranteed payout in 5 or 10 yrs depending

on the plan option+accumulated

bonus on the last instalment of survival

benefit.

10% of FA every three years, and the balance at maturity. If you live past 21 yrs of the

policy, 40% SA is paid at maturity(21st

anniversary) plus 10% guaranteed addition after

10 yrs of the policy+ Bonus

For a term of 12 years Every 4th Policy Year- 20% of the Face Amount Every 8th Policy Year- 40% of the Face Amount On maturity- 70% of the Face Amount For a term of 15 years Every 3rd, 6th, 9th and 12th Policy Year- 20% of the Face Amount On maturity- 50% of the Face Amount For a term of 20 years Every 3rd, 6th, 9th, 12th, 15th and 18th Policy Year- 10% of the Face Amount On maturity- 70% of the Face Amount

After 2 years. In the 2nd & 3rd year 90%, between 3rd and 4rth

95%

50% in 2nd & 3rd year, 75% in 4th and 5th year (For single pay 90% from 6th

year)

Guaranteed Surrender Value refers to guaranteed cash value of the Policy equal to 30% of the Premiums paid, excluding1st year of premium provided premium has been paid for atleast 3 consecutive years.


1. Accidental death 2. Total Permanent

Disability

1. Accidental Death 2.

Accidental Total Permanent Disability 3. CI Rider

4. WOP Rider

1. Accidental Death 2.

Accidental Total Permanent Disability 3. CI Rider

1. Term Rider 2.

Accident Rider (No Rider available for

single premium payment mode)

1. Term Benefit2. Accident Benefit &3. Disability Benefit

For issue ages below 18, the plan has an inbuilt Payor Benefit. For issue ages of 18 years and above, it has inbuilt Waiver of Premium and Accidental Death Benefits.

1. Death Benefit increases by 7% of FA annually2. Automatic Cover maintenance2. Comprehensive set of riders

1. No medical examination required below age 60, for FA less than Rs. 5,00,000/-

Various term options plus bonus

Receiving the SA as lumpsum or in 4

instalments Inbuilt WOP Rider

Four policy term options and different premium payment

term options

Available for both children and adults.

Guaranteed payout of 130% of the Sum Assured on maturity.Also a guaranteed payout of 330% in case of death and 430% of the Sum Assured in case of accidental death.


COM/08/05-06/0375 September 8, 2005


Weaknesses

OM KOTAK SBI TATA AIGMoney Back Plan Young Sanjeevan Sanjeevan Money Back Policy Scholar II Sanjeevan Supreme Nirbhay LifeAssure 21 yrs Money

Saver1. Limited liquidity: Amounts paid at fixed intervals only2. No transparency in charges3. No control over investments

In case of death Face Amoutn is paid after deducting the payouts already made.


COM/08/05-06/0375 September 8, 2005


Product type

FEATURES


BENEFITSDeath

Survival

Surrender Value

Riders

Policy Loan

Strengths




ING VYSYALife Pay


16, 20 & 24 yrs

Rs. 50,000

FDNA

FDNA

91 days- 55 yrs (16/20 yr plan) 91 days- 51 Yrs (24

yr Plan)

No Limit (subject to underwriting)


Monthly

If death after 10 yrs- SA+ paid-up additions

purchased through bonuses, if any If death below 10 yrs-

refund of all premiums paid with interest

16-yr plan- 10% SA paid every 4th yr, 20% every

8th yr, 30% every 12th yr and 50% on 16th yr. 20-

yr plan- 10% SA paid every 4th yr, 15% every 8th yr, 20% every 12th

yr, 25% on 16th yr & 40% at 20th yr. 24-yr plan-

10% SA paid every 4th yr, 10% every 8th yr, 15% every 12th yr, 15% on

16th yr, 20% at 20th yr & 40% on 24th yr. Along

with this, the SA of paid-up additions bought by

1. Personal Accidental Benefit2. Critical Illness or Critical Illness Plus3. Term benefit4. Waiver of Premium5. Payor Rider 6. Term renewable & convertible


COM/08/05-06/0375 September 8, 2005


Weaknesses

ING VYSYALife Pay

Prepared by product DevelopmentBirla Sun Life Insurance

COM/08/05-06/0375 August 23, 2005

INDIVIDUAL PERSONAL PENSION PLAN

COMPANY BSLI ALLIANZ BAJAJ AMP SANMAR AVIVA HDFCProduct Name Flexi Secure Life Flexi Secure Life II Unit Gain Life Pension Swarna Vishranti Plan Pension Plus Unit Linked Pension

Product Type Unit Linked Unit Linked Unit Linked Unit Linked Traditional Participating Unit-Linked Unit Linked

Life Cover With & Without Life Cover With & Without Life Cover Without Life cover With Life cover With Life Cover With Life Cover Without Life CoverFEATURESPremium Type Single with Top-up Regular with Top-up Single with Top-up Regular with Top-up Single & Regular Single & Regular Regular Single & Regular payment Regular Single & Regular

18-65 18-65 18-65 18-65 18/65 18-65 18-65 18/ 60 (65 for single pay)Vesting Ages (Years) 50, 55, 58, 60, 65 & 70 50-70 years 45-70 45-70 45-70 45 - 70 50-70 50 to 70Term (years) Minimum 5 Minimum 10 Minimum 5 Minimum 10 5 - 40 5 - 40 5 to 40 5 to 52 Min 5 yrs

0/22,000 0/50,000 55,000 50,0000 5 times regular/ 1.01 times single

50,000/-1,00,000/-

N/a Rs. 1000/-

Not Allowed N/A No Limit N/a N/a Not applicable

20000/- 5,000/- 50,000 5,000/- 10,000 (for single & regular) 5000/- Rs 2500/No Limit 6000/- FA + PF

Top-ups (Rs.) Min 10,000/- Min 10,000/- 5,000/- 5,000/- N/a Allowed Rs 1000/- 5,000

Choice of Funds N/a Only one fund.

Switching of funds Allowed anytime. Two free switches Allowed anytime. Two free switches

3 free switches 3 free switches

Not applicable One free switch Not allowed Free switches

BENEFITSPolicy fund value Max ( Fund value/ Sum assured) Rs. 1000 + Policy Fund

No surrender in first 3 years.

Amount at Vesting Policy Fund Policy Fund Policy Fund Policy Fund Policy fund value Policy fund value Policy Fund

Riders Allowed

N/A

None None

Tax Benefits u/s Sec 80 CCC Sec 80 CCC

Sec 88CCC & 80D 80 CCC Sec 80CCC

Sec 80 CCC

Unit Gain Easy Pension

Bhagya Shree

With-Profit fund & Unit-Linked Fund

Negligible Life cover of Rs.1000

Min/Max age at 50, 55, 58, 60, 65 &

10years (5 for single pay)-40 Minimum Face Amount(Rs.)

Increase/Decrease in Face Amount

Yes, subject to the following:UnderwritingMin amt. of change Rs. 50,000/-No decrease for 2 years subsequent to the increase date.

Yes subject to following: Inc: w/o medical - every 3 years upto 4 times upto the age of 45. Quantum of increase is lower of 25% of sum assured or Rs 1 lac. With medical underwriting you can increase any amount upto age 60. Decrease can be done anytime subject to min decrease amount being 5 times annual premium for regular and

Minimum Premium (Rs.) (if regular pay-annual prem)

10,000 (for single & regular)

NourishGrowthEnrich

3% investment guarantee till vesting or death but not on surrender

NourishGrowthEnrich

1. Equity Index2. Equity Plus3. Debt PLus 4. Balanced plus 5. Cash plus

1. Equity Index2. Equity Plus3. Debt PLus 4. Balanced plus 5. Cash plus

1. Capital Secure Fund2. Balanced Fund

1. Defensive Managed2. Secure Managed3. Balanced Managed &4. Liquid

Death Benefits (during deferment period)

Higher of the Policy Fund or the Face

Amount

Higher of the Policy Fund or the Face

Amount

Higher of Policy Fund or 110% of the Single Premium

Higher of Policy Fund or 10 times the Premium

During the deferment period if the spouse is above 45 yrs will get the option to purchase an annuity to get regular income for life. Or else SA + Accrued Bonus

Risk cover + Account balance. Risk cover can be

a fixed cover or a decreasing one

Policy Value + Bonus (if with profit)

Surrender Benefits (during deferment period)

Policy Fund less 25% of the base coverage premium in the first year. Entire policy

fund available thereafter

Policy Fund less of 75% of base coverage

premium in the first year, 50%, 25% in the 2nd and 3rd year. No

surrender charge thereafter.

Policy Fund less 25% of the base coverage

premium in the first year. Entire policy fund

available thereafter

Policy Fund less of 75% of base coverage

premium in the first year, 50%, 25% in the 2nd and 3rd year. No

surrender charge thereafter.

No surrender in first 3 years.

After 3 full years premium have been paid. The Guaranteed minimum SV will be 30% of the premiums paid excluding 1st years premium paid and the premiums for the riders.

No surrender possible in first three yrs. For Capital Secure Fund: exit in 4th yr - 90% of A/C balance payable, 95% in 5th and entire balance 6th onwards. In Balanced Fund same as the other but reducing any mkt value

Policy Fund Value less the surrender charge

available after 2 policy years in case of a

regular pay. In case of Single Pay surrender

charge would be 5%, 3% & 1% in the 1st, 2nd and

3rd year

Before three years 20% of the outstanding premiums due

during these 3 years would be charged as cancellation

charge and the remainder of the policy fund would be paid.

Either full FA and Accrued bonuses are

used to buy immediate annuity or Option to take

33% of FA + Bonuses. Rest of the amount used

to buy immediate annuity, Open market

purchase

Higher of the Policy Fund or the Face Amount

Policy Fund + Bonus (if with profit)

1.Term2.Critical Illness or Critical Illness Plus3.ADD4.CI for women(Only with life cover option)

Term Rider, Critical Illness, ADD only with

life cover

1.Term2.Critical Illness or Critical Illness Plus

3.ADD4.CI for women

(Only with life cover option)

Accident Death Benefit Accidental perm. total/ partial disability Critical illness benefit Hospital cash

1.Family Income Benefit 2.Accidental Death Benefit3.Permanent Total/Partial Disability Benefit 4.Waiver of Premium Benefit

Accidental Death and Disability Rider. Min SA of

Rs 1 lac and a maximum of Rs 50 lacs

1. Annuity for life. 2. Annuity for life with 5,10 or 15 years certain payout. 3. Annuity for life with return of capital

1. Annuity for life. 2. Annuity for life with 5,10 or 15 years certain payout. 3. Annuity for life with return of capital


COM/08/05-06/0375 August 23, 2005


COMPANY BSLI ALLIANZ BAJAJ AMP SANMAR AVIVA HDFCProduct Name Flexi Secure Life Flexi Secure Life II Unit Gain Life Pension Swarna Vishranti Plan Pension Plus Unit Linked Pension Unit Gain Easy

Pension Bhagya Shree

Annuity options

* Reference sheet attached

1. Life Annuity guaranteed for 20 years and life thereafter 2. Life Annuity with return of purchase price less the payouts made till death of the Annuitant

1. Life Annuity guaranteed for 20 years and life thereafter 2. Life Annuity with return of purchase price less the payouts made till death of the Annuitant

1. Life Annuity (Swarna Raksha tied to the plan)

1. Annuity payable for life, 2. Annuity payable for 5/10/15 yrs certain and life thereafter, 3. Annuity payable for life with return of capital on death of annuitant

1. Life Annuity 2. Annuity guaranteed for 10 yrs and life thereafter

1. Life Annuity 2. Annuity certain and for life thereafter 3. Increasing Annuity4. Joint Life Annuity5. Life Annuity with ROPP#


COM/08/05-06/0375 August 23, 2005


COMPANYProduct Name

Product Type

Life CoverFEATURESPremium Type

Vesting Ages (Years)Term (years)

Top-ups (Rs.)

Choice of Funds

Switching of funds

BENEFITS

Amount at Vesting

Riders Allowed

Tax Benefits u/s

Min/Max age at






HDFC ING VYSYA ICICIPersonal Pension Plan Best Years Retirement Secure Plus Pension Forever Life LifeLink Pension II LifeTime Pension II Invest Shield Golden Years

Unit Linked Unit Linked Non-linked Unit Linked Unit Linked Unit-Linked Unit Linked

With Life cover With & Without Life cover With & Without Life cover With Life Cover Without Life coverWith or without Life cover With or without Life Cover With Life Cover

Single Regular Single & Regular Regular Regular Single with Top-up Regular with Top-up Regular with Top-up Limited with Top-Up

35-60 18-60 18 to 65 18-60 (65 if no life cover) 18-60 18-72 18-60 (65 if no life cover) 18-6550-70 50-70 45 to 70 50-75 50-70 45-75 45-75 45-75 45-755-15 10-40 5 to 52 Min 10 years 5 to 30 Min 3 years Min 10 years 10 to 30 Min 5 yrsFDNA FDNA FDNA 50,000/- 50,000 0 0 0

N/a N/a N/a N/a N/a N/a

FDNA 2,400 10,000 FDNA 50,000/- 10,000 10,000

N/a N/a Min. Rs. 2,000/- N/a N/a 5,000/- 5,000/- Min Rs. 5,000/-

N/a N/a N/a

N/a Not applicable Only one fund N/a Four Free switches Four Free switches No switches allowed

Policy Fund

Policy Fund Policy Fund Policy Fund

None None None ADB, CI

Sec 80 CCC Section 80 CCC Sec 80 CCC Sec 80 CCC Sec 80CCC Sec 80C and 10(10D)

Trad par with Reversionary & Terminal bonuses

18-60 (65 if no life

Min of 5 times and max of 15 times the annual

premiumShift from one level to another is possible. Once switched to 0 death benefit cannot switch to

other option

No increase/decrease in Face Amount is allowed.

You can decrease the annual contribution by a max of 20% of the initial

premium chosen subject to conditions. You can also

increase the annual contribution without any

limits.5,000/- for Regular and 25,000 for

Single payRs. 60,000. For 3-yr term-

Rs. 1,00,000Min 2,500 Max 30 times annual

premiumOnly one fund (Capital Guaranteed plan)

1. Pension Preserver2. Pension Protector3. Pension Balancer &4. Pension Maximiser

1. Pension Preserver2. Pension Protector3. Pension Balancer &4. Pension Maximiser

Debt- Min 70% Equity Max. 30%

Maximiser II Protector II Balancer II

Preserver

Anytime. Four Free switches. Min switch amount- Rs. 10,000

Face Amount + Bonuses

Prem paid accum at 8% pa (subject to a

maximum FA+ Bonuses)

On death spouse can defer the purchase of annuity if the age of the

spouse is less than 45 years or encash up to 5% of the Benefit

Amount outstanding each year up to the age of 45 and then apply the balance at age 45 to purchase

annuity. If there is no spouse then

1. Basic: (Term-5) * Annual Premium + Policy Fund 2. Standard: (Term) * Annual Premium + Policy Fund 3. Enhanced: (Term+ 5) * Annual Premium + Policy Fund

FA + GA ( 3.5% pa of FA compounded

annually for the first 4 years+ Bonuses)


Fund

SA+ Higher of the value of Unit Fund or the

guaranteed Unit Fund

Higher of the Policy Fund Value or Value of Units.

Min guaranteed as 50% of the premium paid

excluding additional premium

No surrender possible in the first year

Min. guaranteed- 50% of premium paid

excluding any additional premium

Surrender possible only after three policy years. The guaranteed

surrender value would be 60% of the Policy Fund.

The guaranteed surrender value is 35% of all the premiums paid excluding the rider and extra premiums after the 3rd policy year. In addition company may provide the current surrender values as specified from time to time.

Min G'teed CSV after 3 years

As a % of the Policy Fund- 95, 96,97 in the 1st, 2nd and 3rd year respectively). No surrender charge

after 3 years

After 1 year. As a % of the Policy Fund-25, 40 & 60 in the 2nd, 3rd & 4th year respectively.

After 1 year. As a % of the Unit Fund value. 20, 30 &

40% after 2,3 & 4 yrs resp.

After 1st year. Surrender Value of the policy differs according to the year in

which premium is paid and is based as a percentage of

the value of units.

Face Amount + Reversionary

Bonus + Terminal bonus

Face Amount+ Reversionary Bonus +

Terminal bonus

Amount in the Individual Pension Account (Policy Fund)

FA + G'teed Addition + Vested Bonuses

Higher of the Unit Fund or the guaranteed Unit Fund

Policy fund value. 5 choices of annuity

payments 1. 100% lumpsum payment

2. 100% Structured Benefits 3. 100%

annuitization 4. 50% lumpsum 50%

Structured Benefits 5. 50% lumpsum

Term rider for upto a maximum of Rs. 1,00,000.

1.Critical Illness (Accelerated), 2.Major Surgical Assistance

Rider, 3.Accident and Disability Benefit Rider, 4.Accident

Benefit Cover, 5.Income Benefit Rider, 6.Waiver of Premium

Rider

Critical Illness, Major Surgical

Benefit,Accident & Disability benefit

Accident & Disability Benefit

Waiver of Premium

Accident & Disability Benefit

Waiver of Premium


COM/08/05-06/0375 August 23, 2005


COMPANYProduct Name

Annuity options


HDFC ING VYSYA ICICIPersonal Pension Plan Best Years Retirement Secure Plus Pension Forever Life LifeLink Pension II LifeTime Pension II Invest Shield Golden Years

1. Life Annuity 2. Annuity certain and for life thereafter 3. Increasing Annuity4. Joint Life Annuity5. Life Annuity with ROPP# 1. Life Annuity

2. Life Annuity with return of purchase price

1. Life Annuity2. Life Annuity with return of purchase price3. Annuity Certain for 5/10/15 years & Life; 4. Joint Life (Last Survivor) with return of purchase price5. Joint Life (Last Survivor) without return of purchase price

1. Annuity for Life 2. Life Annuity with return of Purchase

Price 3.Life Annuity guaranteed for 5/10/15 yrs 4. Joint Life,

Last Survivor 5. Joint Life, Last Survivor with return of purchase

price

1. Annuity for Life 2. Life Annuity with return of Purchase

Price 3.Life Annuity guaranteed for 5/10/15 yrs 4. Joint Life,

Last Survivor without return of purchase price 5.

Joint Life, Last Survivor


COM/08/05-06/0375 August 23, 2005


COMPANYProduct Name

Product Type



Top-ups (Rs.)

Choice of Funds

Switching of funds

BENEFITS

Amount at Vesting

Riders Allowed

Tax Benefits u/s

Min/Max age at






LIC MXNYL MET LIFE

Jeevan Nidhi Jeevan Akshay IV Future Plus Easy Life MET Pension

Deferred & Immediate Annuity Immediate Annuity Unit-linked Trad participating with bonuses

With Life Cover With Life Cover With Life Cover Without Life Cover Without Life Cover With & without life cover With Life Cover Without Life Cover

Single Regular Single Single Regular and Single

18-65 18-65 18-65 N/a N/a 18-65 20 to 60 yrs 18 to 6050-79 50-79 40-75 40-79 40-79 40-75 50-70 45 to 702-35 2-35 SP( 6 to 35) RP-(5 to 35) N/a N/a 10 - 40 yrs Min 1- years

50,000 50000 50,000 50,000

N/a N/a N/a N/a N/a N/a

10,000 2,500 N/a N/a 2,500 (RP) & 1,00,000 (SP) 4,000

N/a N/a N/a N/a Min 10,000/- N/a N/a

N/a N/a N/a N/a N/a N/a N/a

N/a N/a N/a N/a N/a N/a N/a

Fund Value

N/a N/a FDNA

N/a N/a Policy Fund Value

None None None None

Sec 80 CCC Sec 80 CCC Sec 80 CCC Sec 80 CCC Sec 80 CCC Sec 80 CCC Sec 80 CCC

New Jeevan Suraksha

New Jeevan Suraksha I & New Jeevan

Dhara I

New Jeevan Akshay III (closed for sale)

Trad par with Reversionary & Final additional bonuses

With Profits Deferred Annuity Plan

Trad participating with rev & terminal bonuses

Single and Regular payment Option

Single and Regular payment Option

Single, Short pays(3&5) & Regular

Min 5 for both single & regular 50,000. However, the minimum amount of annuity must be Rs.

3,000 p.a.

SP= SP RP= 5 to 20 times

the RPYes, in multiples of 5000. Max No Limit.

No increase is allowed. Decrease allowed once a year subject to the

minimum limits.

Annual- 3000 Single- 10000

RP: RS. 5000 SP: Rs. 10,000

Bond Fund Income Fund

Balanced Fund Growth Fund

3% investment guarantee on the Bond

Allowed anytime. Four free switches

Prems paid accum at 5%3 pa

compounded

Prems paid accum at 5% pa

compounded

SA+ Accrued Guaranteed Additions+ Simple

Reversionary Bonus+ Terminal Bonus

Depends on the option chosen to pay the annuity instalment & the

type of annuity chosen

Depends on the option chosen to pay the annuity instalment & the

type of annuity chosen

With Life Cover: SA+ Policy Value Without life cover:

Policy Value

Refund of premiums with interest @3% p.a as minimum guaranteed

rate s.t. max of SA + bonus

All the premiums + Reversionary bonuses +

Terminal bonuses (if death occurs after 10 years) is paid.

G'teed CSV is 90% of all prem4 paid excl year 1 prem

from years 3. Special CSV in year

1.

G'teed CSV is 90% of all prem paid excl year 1 prem. Special CSV after 2 full

years of premium paid.

Available after 3 yrs. GSV= 30% of premiums paid

excluding 1st yr premium for regular premium

GSV= 90% of single premium. Any extra

premiums paid will be excluded.

Surrender value is a percentage of the bid value of units & depends

on the duration since date of commencement in case of SP. For RP, it depends on the number of years for which premium is paid.

Minimum Guaranteed SV of 55% of premiums paid in Regular policies

& 80% of premium in Single Premium policy

Notional Cash Option plus

Reversionary bonus + Final add Bonus

Notional Cash Option plus

RB+Final add Bonus

SA+ Accrued Guaranteed Additions+ Simple

Reversionary Bonus+ Terminal Bonus with an

option to commute 1/3rd of this amount.

SA + Bonus. 25% could be commuted to take an annuity from

them or open market purchase

Face Amount + 10% of the FA as the GA (one time pay) + Reversionary bonuses if any (no bonuses declared in the

first 2 years) + Terminal bonus (% of accrued reversionary

bonus) if declared

Term Assurance Benefit Rider

1. Accident Death and Disability 2. Term Assurance 3. Critical Illness Rider

Accident Benefit CI Rider


COM/08/05-06/0375 August 23, 2005


COMPANYProduct Name

Annuity options


LIC MXNYL MET LIFE

Jeevan Nidhi Jeevan Akshay IV Future Plus Easy Life MET PensionNew Jeevan Suraksha

New Jeevan Suraksha I & New Jeevan

Dhara I

New Jeevan Akshay III (closed for sale)

FDNA Life Annuity1. Life Annuity 2. Life Annuity with return of purchase price 3. Annuity certain & Life; 4. Joint Life(Last Survivor) with return of purchase price 5. Life annuities increasing @ 3%pa simple

1. Annuity for Life 2. Annuity guaranteed for certain periods 3. Annuity with return of purchase price on death 4. Increasing Annuity 5. Joint Life Last Survivor Annuity

1. Annuity for life 2. Annuity guaranteed for 5/10/15/20 yrs and life thereafter3. Annuity for life with return of purchase price 4. Life Annuities increasing @ 3% p.a. simple 5. Annuity for life with a provision of 50% of the annuity to spouse for life on death

1. Annuity for life 2. Annuity for life with return of purchase price

1. Annuity for life 2. Annuity guaranteed for 5/10/15/20 yrs and life thereafter3. Annuity for life with return of purchase price


COM/08/05-06/0375 August 23, 2005


COMPANYProduct Name

Product Type



Top-ups (Rs.)

Choice of Funds

Switching of funds

BENEFITS

Amount at Vesting

Riders Allowed

Tax Benefits u/s

Min/Max age at






MET LIFE OM KOTAK SBI TATA-AIGMET Advantage Retirement Income Plan Retirement Income Plan Capital Multiplier Plan Nirvana Plus Nirvana

Unit-Linked Pension Plan Unit-Linked

With Life Cover With & without cover With/Without Life Cover With Life Cover With & Without Life Cover With Life Cover With Life Cover

Regular & Single Regular & Single Regular Regular Single and Regular payment Option Regular Regular

20/55 18/55 (60 for SP) 18-60 18-60 18 to 65 18 to 45 18/5545-65 45-75 45-65 Any age upto 65 50-70 55, 58 & 60 50-65

Min 10 years 10 (5 for SP)-30 5-30 FDNA 2-25 years To age 55, 58 & 60 10-47FDNA FDNA 0

50,00025,000

1 lakh, 2 lakhs & 4 lakhs50,000

FDNA FDNA N/a N/a N/a N/a N/a

4,000 10,000 3000/No Limit 3,570 FDNA

Yes, min 10,000 Allowed N/a N/a

N/a N/a N/a N/a N/a

Allowed Allowed N/a N/a N/a N/a N/a

N/a FDNA After 2 years After three years

None FDNA

Sec 80 CCC Sec 80 CCC & 80 D

Sec 80 CCC Sec 88 Sec 80 CCC Sec 80CCC Sec 80 CCC

Lifelong Pensions

Trad par with Reversionary & Final additional bonuses


Trad par with reversionary & Terminal bonuses


SP- 1 Lakh RP- 10,000

SP- 50,000 RP- 10,000

Top ups allowed. No min amt but max 25% of

FA

Top ups allowed. No min amt but max 25%

of FA

Top ups Allowed. Premium holiday available. Guaranteed

return for top-up1. Multiplier(100% equities) 2. Accelerator (80% equities, rest in debt) 3. Balancer (50% each in equties &

debt) 4. Moderator ( 20% equities,

rest in debt)

1. Gilt Fund 2. Bond Fund 3. Floating Rate Fund 4. Balanced

Fund 5. Money Market Fund

110% of the value of units. If the beneficiary is the spouse, she/he has the

option to receive death benefit in lumpsum in part or full. With the balance,

if any, an annuity can be purchased.

Higher of value of units or basic SA+ value of units in

supplementary account- With Cover

Value of units in Main & Supplementary Account for

without life cover

With cover - Max (FA, Accu A/C). W/o cover - Max(RoP, Accu A/C).

Commutation and annuity benefits will be

available.

Before vesting, Max (FA, Accu A/C)+10% of FA + Top ups with

interest. After vesting, 10% of FA + Accu A/C

Face Amount + Balance in Personal Pension Account (Only in case of with life cover). For

without life cover, only the personal pension account is

payable. The min. guaranteed return is present

FA + GA (10% of the FA added every 5 years) +

Bonuses if any.

Face Amount + Reversionary bonus

compounding from 5th year + Terminal bonus+ 10% Guaranteed addition

of 10% of the FA if the policy after 10 years

Balance in Accu A/C can be used to buy an

annuity after a surrender charge of 5% if early retirement is not

due to ill health

100% withdrawal on surrender after 3

years or upto 50% and the balance in

instalments of 0-25% every year

30% of the total premiums paid excluding the 1st

years premium provided 3 years premium have been

paid in full.

Value of units (Use 100% of them to buy annuities or commute 1/3rd & use the

balance to buy annuities)

Higher of basic SA or value of units in supplementary account

Max (FA, Accu A/c). 1/3rd commute and the

balance can be annuitised

100% withdrawal at vesting age or upto

50% and the balance in instalments of 0-

25% every year

Principal Sum + Min Guaranteed return of 4% p.a for first seven yrs compounded annually + Bonus. Thereafter rate will be declared annually (25% could be taken as a lumpsum and the rest annuitised)

FA + GA (10% of the FA added every 5 years) +

Bonuses if any

FA+ Reversionary Bonuses (from 5th year on comp.

Basis)+ Terminal bonus+10% GA

Term, ADB, CI, PDB, Accidental Death Guardian Benefit

Term, ADB, CI, PDB, WoP - death/TPD. CI

benefit is added to the accu account and the future premium are

reduced.

Term, ADB, CI, PDB, WoP - death/TPD. CI

benefit is added to the accu account and the future premium are

reduced.

Critical Illness benefit inbuilt for the first 3 years.

Its optional after three years and the policy

holder would pay additional amount for this

benefit.

Accident Rider, Term Rider, Critical Illness


COM/08/05-06/0375 August 23, 2005


COMPANYProduct Name

Annuity options


MET LIFE OM KOTAK SBI TATA-AIGMET Advantage Retirement Income Plan Retirement Income Plan Capital Multiplier Plan Nirvana Plus Nirvana Lifelong Pensions

1. Life Annuity 2. Life Annuity with

return of purchase price 3. Life Annuity with return of balance(purchase price less pensions received) 4. Annuity for 5 yrs certain & life thereafter 5. Annuity for 10 yrs certain &

life thereafter 6. Annuity for 15 yrs certain &

1. Life with return of purchase price is available with 6.11 % annual annuity rate (before deduction of charges)

No Annuity options but a drawdown

1. Life Annuity2. Annuity for a min guaranteed period of 5, 10, or 15 years & for life thereafter3. Increasing Annuity4. Family Pension Payment5. Life Annuity with return of purchase price less the annuities already paid

Invested in Monthly Income Plan

Life annuity with return of purchase price.


COM/08/05-06/0375 July 29, 2005

SINGLE PREMIUM BOND

COMPANY BSLI BSLI ALLIANZ BAJAJ AVIVA ICICI LIC OM KOTAK

Product Name Single Premium Bond PrimeLife Premier LifeBond LifeBond Plus Life Link II Bima Nivesh 2005 Kotak Easy Growth Plan

Product type Unit Linked Unit Linked Participating Unitised & Unitlinked Unit Linked Unit Linked Participating Unit Linked

FEATURESMin/Max age at entry(years) 0/70 30 days/65 yrs 1/75 18/65 13/70

Max maturity age(years) 80 To age 70 70 N/a 70 65 75 Open contractTerm (years) 5&10 To age 70 Minimum 10 years No limit 5 to 25 years 5 & 10 Open contract

Minimum Face Amount(Rs.) 50,000/- 25,250/- 52,500/- 25,000/- 51,000/-

Maximum Face Amount(Rs.) No Limit No Limit No Limit No Limit No Limit No Limit No limit No limit

25,000/- Rs. 50,000/- 35,300/- 25,000/- Rs. 50,000 50,000/-

Investment funds N/a Not Applicable

Switching Two free switches Two free switches N/a N/a Not Applicable

BENEFITSDeath

Maturity Policy Fund Value Policy Fund Value Policy Fund Value Policy Fund

Withdrawals Not allowed Not allowed Not allowed

Surrender Value No Surrender charge after 5 years After one year

Riders Available None None None Accidental Death Benefit No Riders Term Assurance Rider

Indicative Premium

NA Rs. 10,000 NA Rs. 10,000/- Rs. 10,000 5,000/- Not Applicable 10,000/-

Tax Benefit Section 88 Section 88 Section 88 & 10 (10 D) Section 8o C Section 88 & 10 (10 D)

Loan Availability None None 90% of the SV None None None yes YesStrengths

Weaknesses

All the products have tax benefits under sec 88 and sec 10(10D)Not included here areHDFC single pay whole life plan, Flexible BondSBI single pay Money Back Plan, Young Sanjeevan

Save Care, Single Premium Plan

0(risk commences at age 7)/60

0/ 62 (60 years for 500% Face Amount option)

18/60 (for 1.02 times life cover 75 years)

Min 5 years, To age 65yrs

26,250/-(105% of min premium)

Rs. 2,50,000( 5 times SP)

2,50,000( 5 times the Single Premium)

Minimum Premium Payable (Rs.)

Rs. 995 per 1000 SA for 5 yrs term & Rs, 976 per 1000 SA for 10-yr plan

50,000/- (For minors opting for 5 times live cover, initial single premium is restricted

to Rs. 5,00,000/-)

1. Protector 2. Builder 3. Enhancer

(Only Protector fund is available with 5 year term)

1. Assure 2. Protector 3.

Builder

1) Unitised fund 2) Unit Linked fund

Secure Fund Growth Fund Balanced Fund

( Investment guarantee on

the secure fund)

1. Preserver 2. Protector3. Balancer 4. Maximiser

1. Gilt Fund2. Bond Fund3. Balanced Fund4. Growth Fund

Two free switches. 0.5% of the amount switched

from 3rd switch onwards subject to a min of Rs.

100 per transaction.

Four free switches in a year. Minimum switching

amount Rs. 10,000/-

Unlimited (There is a bid-offer spread)

Higher of 105% of SA or Fund Value is paid

1. Upon the death of the Life Insured before the Policy Anniversary coinciding with or immediately following the date when the Life Insured attains the age

Face Amount (Minimum Guaranteed

return)

101% of the value of initial single premium units in the account + top ups if any. In case of joint life-it is paid only on second death

Higher of policy value or (SA less withdrawals). Value of units through additional single premiums will also be paid.

Higher of the Policy Fund and the Face Amount (105% or 500% of the

premium) less the withdrawals made if any.

Face Amount + Accrued Guaranteed Addition(Rs. 50 and Rs. 55 per 1000 for 5 and 10 years term respectively) + Loyalty

Additions if any

Higher of the PF or FA (1.2 times or 5 times the premium) less the

withdrawals made if any.

Higher of Fund Value or Single Premium Paid

Face Amount + Minimum Guaranteed

return + Accrued bonus

Face Amount + Guaranteed Additions + Loyalty Additions, if any

Yes, allowed after 3 years. Min amount of withdrawal is Rs. 25,000 subject to leaving Rs. 25,000 in

Withdrawals would be subject to a surrender charge in the first five

years.

Allowed after one year. Min amount is Rs. 5000 and balance in the policy fund after withdrawal is

Rs. 40,000. If

Allowed after one year. (limited to 25% of the PF in the first 5 years and would be charged Rs.

100/-)

From second year onwards. Min withdrawal amount =

Rs.10,000/- s.t. a min balance in the PF of Rs. 50,000/-

PF less 25% of premium paid in the first year

Policy Fund less the surrender charge would be payable. No surrender charge from 5th Policy Year

Not very clear about surrender values

Full policy value after 4th policy year.

During the 1st year-95% of the PF, 2nd year-96%, 3rd year-97% ano 100%

SV after 3rd year.

After one year. No surrender charge but Bid-offer spread

ADD, CI (4), Lady Rider and Term Rider

1. Critical Illness Benefit2. Accidental Death Benefit

3. Permanent Disability Benefit

Premium amount is selected by the policyholder


Rs.580/- per 1000 Face Amount



Premium amount is selected by the

policyholder

Rs.976 per 1000 SA for 10-yr term


Minimum Top Up amount (Rs.) Section 80 C and

Section 10(10D)Section 80 C and Section

10(10D)Section 80 C and Section

10(10D)

Capital is guaranteed, Three fund options, No surrender charge from the 2nd year,

Two free switches

Guaranteed Additions, Choice of six investment fund options, four riders

and facility of withdrawals

Min guaranteed return upto 3.54%, FA would

grow by way of compounded annual bonuses, High risk cover upto 142%

1. Can be taken on joint life second death basis (with spouse

only), 2. Selling price of units in the

unitised plan is guaranteed not to fall,

3. Partial withdrawals possible after 3 years

Investment Guarantee on the fund

1. Withdrawals allowed2. Four fund options

3. Multiple Allocations4. Four free switches

Rebates available of 1% of basic SA for

premium>Rs. 50,000 and Rs. 500 +1.5% of

premium if premium>Rs. 1 Lakh

1. Offers liquidity & flexibility in investment2. Riders available

No withdrawals (but the policyholder can surrender the policy from the second year without any charge in

case of emergency)

Limited upside potential, No control

over the investments, less transparent

charges, No liquidity

High administration charge, No guarantee in the unitlinked fund

No guarantee on the maturity value

1. No guarantee2. Bid-offer spread

Prepared by Product Development COM/08/05-06/0375 July 29, 2005.

SINGLE PREMIUM BOND (Charges & Fees)

COMPANY BIRLA SUN LIFE BSLI ICICI OM KOTAK MAHINDRA AVIVA

Product Name Single Premium Bond Lifelink II Kotak Easy Growth Plan Life Bond

Bid Offer spread No No No Yes- 0.10% to 0.43% FDNA

Premium Allocation

Year 1 97.5% 96.50% 97.5%

N/a 2% 1% 2.5%

Investment Management Fee (Percentage of the investment Fund)

1%

Administration ChargeMonthly charge Rs. 25/- Rs. 30/- Rs. 20/- Rs. 30/- None

Fund ChargeAnnual charge

0.5%None

None None 1.5% for the first 5 years. 0.5 years thereafter

Cost of Insurance (per thousand Face Amount- Annual charge)Male, 30 years 1.16 1.1 1.44 1.42

FDNAMale, 40 years 1.66 2.04 2.39 2.38

Male, 50 years 4.03 5.25 5.59 5.53

Surrender Charge

Year 1 25% 1.5% 5% 100% 10%

Year 2 0% 1.25% 4% 0% 8%

Year 3 0% 1% 3% 0% 6%

Year 4 0% 0% 0% 0% 4%

Year 5 0% 0% 0% 2%

Switching between the Funds

TwoTwo

Four Unlimited N/a

0.5% Rs. 100/- Rs. 100/- N/a

N/a- Not applicable or Not allowed

PrimeLife Premier

For premiums:50,000 to 99,999-95%

1,00,000 to 4,99,999-97%5,00,000 & above-98%

For premiums:<35,000-97%

35,000 to 99,999-99%1 lakh to 1,49,999-101%

1.5 lakhs to 24,99,999-102%25 lakhs to 9,999,999-103%1 crore to 49,999,999-104%5 crores and more-104.5%

Top-up Loading (% of top-up amount)

For Top-ups:Up to 1,49,999-101%

1.5 lakhs & above -102%

Enhancer-1%Builder-1%Protector-1%

Assure, Protector, Builder & Enhancer -1% Creator & Magnifier- 1.25%

Maximiser- 1.5%Balancer- 1%Protector- 0.75%Preserver- 0.75%

1. Growth Fund - 1.5%2. Balanced Fund - 1.3%3. Bond Fund - 1.2%4. Gilt Fund - 1%

Underwriting expense only for 5 times cover: As per age in the 1st year (0.2 -0.6% of

the FA)

Number of free switches per year

Charge for additional switches(Rs./ % of switching amt.)

Bid-offer spread applicable on every switch

Prepared by Product Development COM/08/05-06/0375 July 29, 2005.

AVIVA BAJAJ ALLIANZ BAJAJ ALLIANZ

Life Bond Plus Unit Gain SP Unit Gain Plus SP

None 5% No

100.0% 98.0%

100% 98.0%

Rs. 25/- 1.25% of FV Rs. 20 per month escalating at 5% p.a.

None None

0.1195-age 35 1.29 1.290.2728-age 45 2.26 2.260.7518-age 55 5.77 5.77

5%

3%

1%0%0%

Two Three Three

1% s.t. a min of Rs. 100/- 1% s.t. a min of Rs. 100/-

For premiums:<3,00,000-100%

3,00,000 to 9,99,999-101%10 lakh to 49,99,999-102%

50 lakhs to 9,999,999-103%

1 crore and more-104%

For Top-ups:For the same premium bands as above-100%

Secure Fund- 1.25% Balanced Fund- 1.25% Growth Fund- 1.25%

Equity 1% + 0.5%*Equity Gain- 1.5%+0.5%

Debt 1% + 0.1%*Balanced 1%

Cash 1%*Transaction charge

Equity Plus- 1.5% + 0.5%* Equity Index- 1% + 0.5%

Balanced- no specific charges Debt Plus- 0.7% + 0.1%

Cash Plus- 0.7% + 0.1%

1.75% p.a. of the value of units

No Surrender penalty for partial or full withdrawals.


0.5% of the amount switched subject to a minimum of Rs. 100


COM/08/05-06/0375 August 23, 2005

UNIT LINKED PENSION PLANS : CHARGES & FEESCOMPANY BIRLA SUN LIFE ICICI AVIVA ING VYSYA AMP SANMAR HDFC BAJAJ ALLIANZ KOTAK METLIFE LIC

Product Name Flexi Secure Life Retirement Plan Flexi SecureLife II Lifetime II- Pensions Lifelink II-Pensions Secure Plus-Pensions Invest Shield Golden Years Pension Plus Best Years Retirement Bhagyashree Met Advantage Future Plus

Bid offer Spread No No No No No No No 5% No No No No 0.01 to 0.5 % No No

Premium AllocationPremium Payment Term Single Regular Regular Single Regular Single Regular Regular Limited Regular Regular Regular Single Regular Single & Regular Single & Regular Single & Regular Single & Regular

Premium Allocation Rate Year 1 97% 80% 79% 96.5% 65% 90% 90% 94% 78% 85% (98% for single) 86.875%(97.5% for single) 80% (95% for single)

Year 2 N/A 98% 97.8% N/A N/A 85% 97% 95% N/a 78% 98% (nil for single) 97.2%(nil for single) 98%(nil for single)

Year 3 N/A 98% 97.8% N/A 99% N/A 85% Same as Year 2 97% 95% N/a 99% 98% (nil for single) 97.2%(nil for single) 98%(nil for single)

Year 4-Year 10 N/A 98% 97.8% N/A 99% N/A 95% 97% 95% N/a 99% 98% (nil for single) 97.2%(nil for single) 98%(nil for single)

Year 11+ N/A 98% 97.8% N/A 100% N/A 95% 100% for both bands 97% 95% N/a 99% 98% (nil for single) 97.2%(nil for single) 99%(nil for single)

Top-up Loading (% of top-up amount) 1% 1% 1% (No charge for top-ups made after 10 years) Higher of the PFV or FA 1% FA + PFV Higher of the PFV or FA 95% 99% 99% 98% 97.50% 99% 1%

Investment Management Fee (as a % of the investment Fund)1.25% 1.25% 1%

Administration ChargeMonthly charge Rs. 20 Rs. 20 Rs. 25/- Rs 40/- Rs. 60 per month Rs. 43/- None None Rs. 15/- Rs 20 Rs. 25/- Rs. 15/-

Face Amount Related ChargeNone None None None None None None None

Cost of Insurance (per thousand Face Amount- Annual charge)Male, 20 years 1.51 1.016 FDNA FDNA FDNA FDNA One year renewable charge 1.1 Details Not Available Details Not Available Details Not AvailableMale, 30 years 1.69 1.171 1.44 1.48 1.49 1.29Male, 40 years 2.99 2.15 2.39 2.54 2.5 2.26Male, 50 years 7.43 5.532 5.59 6.05 5.88 5.77

Surrender Charge

Percentage of base coverage premium Percentage of base coverage premium Percentage of value of investments % of value of Units Percentage of the Policy Fund FDNA N/A N/A For Single Premium

Year 1 25% 75% 25% 75% 100% 5% 90% 75% 100% 100% 100%

Year 2 0% 50% 0% 50% 75% 4% 80% 60% 100% 100% 100%

Year 3 0% 25% 0% 25% 60% 3% 70% 40% 100% 100% 100% 2 yrs or more- Nil

Year 4 0% 0% 0% 0% 40% 0% FDNA 60% 0% 40% 10% 0% 0% For Regular Premium

Year 5 0% 0% 0% 0% 0% 0% FDNA 50% 0% FDNA 5% 0% 0%

Year 6+ 0% 0% 0% 0% 0% 0% FDNA 40% & so on 0% FDNA 0% 0% 0%

Switching between the FundsNumber of free switches per year Two Two Four Four N/a N/a Four N/a N/a One Unlimited 3 FDNA One Four

0.5% 0.5% Rs. 100/- Rs. 100/- N/a N/a Rs. 100 N/a N/a 1% of the switching amount Nil 1% FDNA Rs. 100 per switch

Multiple AllocationNumber of free changes per year Two Two FDNA FDNA N/a N/a N/A N/a N/a N/a Unlimited 3 N/A N/A Not Allowed

Charge for additional change Rs. 100 Rs. 100 FDNA FDNA N/a N/a N/A N/a N/a N/a Nil 1% N/A N/A Not ApplicableN/A- Not Applicable

Personal Pension Plan-Unit Linked

Unit Gain Easy

Pension

Unit Gain Life

Pension

Unit-Linked Retirement Plan

For Premiums10000-49999- 78%

>=50,000-83%

For Premiums< 1,00,000- 95%

1,00,000 to 4,99,999-97% >=5,00,000-98%

<50000-73% >=50000-77%

For 3-yr term- 84.5%(1 lac-4,99,999) 85.5%(5 lac & above) For 5 & 7-yr term- 84.5% (60,000-99,999) 85.5%(1 lac & 4,99,999) 86.5% ( 5 lac

& above)

For Premiums< 7,500- 103%

7,500 to 9,999-104% >=10,000- 105%

RP- 5000-9000- 13%10000-19000-

10.5%20000-49000-9.25%50000-99000-

8.5%100000-499000-8.25%500000 & above-8% SP- 10000-19000-

4%20000-49000-3%50000-99000-

2.25%100000-499000-1.85%500000 & above-

For Premiums< 50,000- 85%>=50,000-88%

<50000-90% >=50000-92%

For 3-yr term- 95%(1 lac-4,99,999) 95%(5 lac & above) For 5 & 7-yr term- 96% (60,000-99,999) 96%(1 lac &

4,99,999) 96% ( 5 lac & above)

RP- Same as Year 1

SP- Not Applicable

<50000-98% >=50000-98%

RP- 2.5% for the above bands SP- Not applicable<50000-98%

>=50000-98%For 5 & 7 yr term- 98% ( all premium bands). Same rate for Year 5.

RP- 2.5% for the above bands SP- Not applicable

For 5 & 7 yr term- 100% ( all premium bands).

Same rate from 6th-10th Year.

RP- 2.5% for the above bands SP- Not applicable

1% ( no charge for top-ups made after 5 yrs)

Enhancer-1%Builder-1%

Protector-1%

1% p.a. for Nourish, Growth and Enrich Fund Options

Maximiser- 1.5%Balancer- 1%

Protector- 0.75%Preserver- 0.75%

Maximiser II- 1.5% Balancer II- 1%

Protector II- 0.75% Preserver- 0.75%

<=50,000-2.5%50,001 to 75,000- 2%

75,001 to 1 lakh-1.75%>1 lakh-1.5%

Capital Secure Fund- 1.5%

Balanced- 1.5%

Liquid Fund- 0.8%Secure managed- 0.8%

Defensive Managed- 0.8%Balanced Managed- 0.8%

Equity Index 1%Equity Plus 1.5%Debt PLus 0.7%Cash plus 0.7%

Gilt Fund-1.0% Bond Fund-1.2% Floating Rate Fund-1.2% Balanced Fund-1.3% Money Market Fund-0.6%

Preserver- 1.25% p.a. Protector-1.25% p.a. Moderator- 1.5% p.a. Balancer-1.5% p.a. Accelerator-1.75% p.a. Multiplier- 1.75% p.a.

Bond and Income Fund- 1% p.a. Balanced Fund- 1.25% p.a. Growth Fund- 1.5% p.a.

Rs. 35 p.m. In case of with Life Cover, a Face Amount Related charge of Rs. 2 per 1000 SA

will also be charged only in the first Policy Year.

Ist yr- For annual premium upto Rs.

20,000-13%.For the portion of premium in

excess of 20,000-3% of the annual premium. In subsequent yrs-8% for premium upto 20,000

For the portion of premium in excess of 20,000-2% For SP- Rs

None but a transaction charge of Rs. 60 is

deducted for quarterly structured benefits paid

out by cheque.

Initial management charge of 5% per annum

on the net initial units (Units purchased with

first years regular premium)

Initial one time charge of Rs. 700/-

Equity component 0.5%Debt component 0.1%

None but FA related charge of 0.08% of FA

for SP & varies according to age for RP

Re.1 per 1000 SA subject to a max of Rs. 1000 in each of the first two years

Face Amount is insignificant Rs. 1000/- No cost of insurance

charged. They may charge in future.

20% of the outstanding regular premiums due during the 3- years period

No surrender value in the first 3 years

No surrender value in the first 2 years

Less than 1 year- 4% of the bid value of units1 yr or more but less than 2 yrs- 2% of the bid value of units

If 1 full yr’s premium or less are paid- 60% of bid value of units

If more than 1 full yr’s but less than 2 full yr’s premium are paid- 40% of the bid value of units

Charge for additional switches(Rs./ % of switching amt.)

Higher of Rs. 400 or 0.05 to 0.08% of the

amount switched


18th January, 2005.

Prepared by Product Development Child Policies: Qualitative AnalysisCOM/08/05-06/0375

August 9, 2005.

CHILDREN PLANS IN THE MARKETCOMPANY BSLI BAJAJ ALLIANZ AMP SANMAR HDFC ING VYSYA ICICI LICPRODUCT My Child Child Gain Yuva Shree Children Policy YoungStar Komal Jeevan Jeevan Kishore Jeevan Chhaya

Type of plan Endowment & MoneyBack Money Back Money Back Endowment Unit-Linked Endowment Endowment Money Back Endowment Money Back Endowment Money Back

Life Insured Child Child Parent Parent Parent Parent Parent Parent Child Child ParentFeatures

Not Applicable 20/60 18/60 18/60(55 for Life&Health Option) 18/55 20/60 20/50 Not Applicable Not Applicable 18/40

Maturity age (years) 35 75 75 75(65 for Life & Health Option) 65 70 26 years 45 yrs 65

30 days to17 years Not Applicable Not Applicable Not Applicable Not Applicable 0 to 15 0 to 15 0 to 10 0 to 12 0

Terms available (years) To age 24 and To age 21 5 to 20 10 to 25 10 to 25 10 to 25 10 to 25 10 to 25 To age 26 15 to 35 18 to 25

Min FA 50,000 1,00,000 25,000 FDNA 1,00,000 2,50,000 1,00,000 50,000 50,000

Max FA No limit 5000000 No limit High cover is 20 times premium FDNA No Limit No limit 2,50,0000 No limit No limit

Min premium (Annual) No minimum premium limit 5,000 No minimum premium limit Rs. 1800 Rs. 10,000 6,000 18,000 Rs. 50,000 No minimum premium limit

Same as the policy term Same as the policy term Same as the policy term Same as the policy term Same as the policy term Single pay Regular/Single

Yearly, Half yearly and Quarterly Single pay

Benefits:Death Face Amount + Policy Fund

Pay out structure FA + Bonus at maturity

Surrender value After 3 years After 3 yrs After 3 years At any time After 3 years After 3 years After 3 years After 3 years

Creating Life child Protection Plan

Smart Kid Unit Linked Regular Premium and Regular Premium II

Smart Kid (Unit Linked) II

Entry age for parent(Min/Max)

20/50 for all four versions

Policy term+ age of policyholder should not

exceed 70 yrs

60 (22 to 25 years for the child)

Entry age for a child (years)

0 to13 for all four versions

10,15, 20 & 25 for moneyback To age 15, 20, 25, 30 &

35 for endowment

No limitations on the minimum or maximum SA

3 levels of premium- Low cover is 5 times premium , medium cover is 10 times premium & high cover is

20 times the premium

No minimum premium limit


Premium paying terms (years)

Single Pay, Short Pay and regular pay.

Till child attains the age of 18(min. 5 yrs).

Premiums are paid till the child atains age of 18



Single Pay, Yearly, Half yearly, Quarterly &

Monthly


Yearly, Half yearly and Quarterly( premiums for half yearly and Quarterly mode would be slightly

higher)

Yearly, Half yearly ,Quarterly and Monthly

Yearly, half yearly, Quarterly& Monthly

Yearly, half yearly, Quarterly& Monthly

Single pay, Yearly, Half-yearly, Quarterly, & Monthly

Single Pay, Yearly, Half

yearly, Quarterly&

Monthly


Quarterly& Monthly

> Below age 7= ROP > Ages 7 to 18= FA + Bonus >Ages 18 to 24= Outstanding payouts(For a nominal amount,in case of parents death additional Face Amount not more than 10 lacs would be paid to the child)

Face Amount is paid immediately + 4

instalments also paid at the intervals under the plan

Maturity Benefit: WOP & FA + Bonus at maturity, Accelerated Benefit: FA + Bonus paid immediately, policy ends Double Benefit: FA on death & WOP & FA + Bonus at maturity

Life Option:FA+WOP. On maturity, the policy fund value is paid. Life & Health Option: SA+WOPand the extra health benefit will lapse without value. On maturity, the policy fund value is paid.

Face Amount is paid on death. In addition Face

Amount + Compounded reversionary bonus+ Terminal Bonus at maturity is paid at

maturity

Face Amount paid immediately + WOP

(Inbuilt) + Policy Benefits continue

(withdrawal benefits). Withdrawal is allowed anytime after 5 years of

the policy.

On the death of a parent FA.( 5 times the premium for SP) + Policy benefits

continue.

Face Amount + Guaranteed Additions

Face Amount + Accrued Bonus +

Final addition bonus

Face Amount is paid

immediately (Apart from

fixed benefits)+WOP

Policy Fund at maturity. Withdrawals allowed after 3 years. Additional amount

is made available for withdrawals every 5 years for the Cash Flow variant.

Child Gain 24 & 24 Plus At 18=25%

FA+ Bonus, At 20&22=25% FA, At

24=40% Child

Gain 21& 21 Plus 20%FA+Bonus at 18, 25% at 19&20, 35% at

21.

FA paid in 4 instalments during last 4 yrs of the

policy. Each instalment = 1/4th of the FA

Policy Fund at maturity. Withdrawals allowed provided the

balance in policy account is Rs 15,000. Premiums paid can be

increased or reduced to even zero provided 3 yrs' premiums have

been paid in addition to the above requirement of Rs 15,000.

Either in lumpsum or in 3 or 5 equal instalments

after maturity

Payout Structures: For regular premium:

Option 1: FA paid in the last 5 yrs- 25% in th 1st yr, 20% in the last 4 yrs,

Option 2: Choose to receive the money at critical educational

milestones + Bonus+ Guaranteed additions @

3.5% of the SA compounded for the first

four years. For unit-linked regular premium and regular premium II,

through the Payor Benefit Rider.

Through the Payor Benefit Rider

Instalments at age 18, 20, 22, 24 and GA and loyalty

additions at age 26

FA + Accrued Bonus + Final addition bonus

25% SA paid at the end of the last 3 yrs. On maturity,

balance SA+bonus+

final additional

bonus, if any.

After 3 years, (2 years in case of 5 & 6 years

premium payment term) Guaranteed min SV is

30% of premiums paid.

After 1 year. Full policy value after 4 policy

years.

Full policy value after 4th policy year


18th January, 2005.


August 9, 2005.

COMPANY BSLI BAJAJ ALLIANZ AMP SANMAR HDFC ING VYSYA ICICI LICPRODUCT My Child Child Gain Yuva Shree Children Policy YoungStar Komal Jeevan Jeevan Kishore Jeevan Chhaya

Type of plan Endowment & MoneyBack Money Back Money Back Endowment Unit-Linked Endowment Endowment Money Back Endowment Money Back Endowment Money Back

Life Insured Child Child Parent Parent Parent Parent Parent Parent Child Child Parent

Creating Life child Protection Plan

Smart Kid Unit Linked Regular Premium and Regular Premium II

Smart Kid (Unit Linked) II

Riders Waiver of Premium Inbuilt Waiver of Premium None

Policy Loan Available after 3 years No FDNA FDNA Available after 3 years FDNA FDNA No No No

Comments

Note:SV= Surrender ValueSA= Sum AssuredFDNA= Further data not available.

(Inbuilt additional benefits) 1. WOP

2. Family Income Benefit

1. Critical Conditions Cover & 2. Accident Cover

Inbuilt Critical Illness Rider ( Extra Health Option)

1. WOP (Inbuilt)2. Term Rider3. Accidental Death 4. Accidental Death, Disability & Dismemberment

1. WOP (Inbuilt)2. Income Benefit Rider3. Accident and Disability Benefit

1. Income Benefit Rider2. Accident and Disability Benefit3. Waiver of premium rider(TPD)

1. WOP 2. Term Rider

1. WOP (Inbuilt) 2. Accidental Death Benefit

90% of SV available after 3 years

Flexibility to withdraw money when the need arises and not on a pre determined

date.

Rebates on high Sum Assured

Compound reversionary bonus

A legal guardian can also take this policy for a child, No medical examination is

required

Child becomes owner of the

policy on attaining age 18.

Ideal for a parent who

wants to provide money

for his daughter's marriage.


18th January, 2005.


August 9, 2005.

CHILDREN PLANS IN THE MARKETCOMPANYPRODUCT

Type of plan

Life InsuredFeatures

Maturity age (years)

Terms available (years)

Min FA

Max FA

Min premium (Annual)

Benefits:Death

Pay out structure

Surrender value

Entry age for parent(Min/Max)

Entry age for a child (years)

Premium paying terms (years)


LIC SBI LIFE TATA AIG KOTAK AVIVA METLIFE MAX NEW YORK LIFEJeevan Anurag Scholar II MahaLife Gold Assure Career Builder Assure Educare Starkid Child Advantage Plan Young Achiever Met Bhavishya Stepping Stones

Endowment Endowment Money Back Money Back Money Back Money Back Money Back Endowment Money Back Endowment Endowment Money Back Endowment Money Back

Parent Child Parent Parent Child/Parent Child/Parent Child Child Child Child Parent Parent Child Parent

18/60 Not applicable 20/60 18/60 Max 55 yrs Max 60 years Not Applicable Not Applicable Not Applicable Not Applicable 21/55 20/50 Not Applicable 21/60

70 65 70 70 To age 21 100 27 18 & 21 To age 22 FDNA FDNA To age 18 & 24 FDNA

Not applicable 0 to 17 Not applicable 0 to 15 30 days 30 days 30 days- 15 yrs 30 days- 8 yrs 0-17 yrs 0-17 yrs Not applicable

5 to 25 25 to 50 To age 18 21 yrs Whole of Life To age 27 To age 18 & 21 To age 22 10-30 yrs FDNA To age 18 & 24 11-26 yrs

50,000 50,000 50,000 50000 Rs. 50,000 Rs. 50,000 Rs. 50,000 Rs. 50,000 FDNA FDNA Rs. 36,000 1,00,000 50,000

No limit No limit No limit 10000000 No Limit No Limit No Limit No Limit FDNA 25,00,000 100,00,000 No Limit 100,00,000 No Limit

No minimum limit No minimum limit No minimum limit No minimum limit FDNA FDNA Rs. 6,000 6000 Rs. 2,500 p.m. Rs. 2,500 p.m.

Same as the policy term 10 yrs

FDNA

Face Amount SA SA SA

After 3 years After 3 years After 3 years After 3 years After 3 years After 3 years FDNA Yes FDNA After 3 yrs.

Marriage Endowment/ Educational Annuity

Children's Deferred Endowment Plan

Assure 21 Yrs Money Saver

Childrens' Endowment 18 & 24

65 (For child 21 or 25 yrs)

Educare 18: 30 days-8 yrs Educare 21:30 days-

11 yrs

0 (8 in case of Option A)/12

91 days- 13 yrs for age 18 option & 15 yrs for

age 24 option.

10 to 25 For Single Premium

5 Yrs

21 minus age of the child at entry or 25

minus age of child at entry as the case may be. Min tern is 8 yrs.

1,00,000- Regular 75,000- Single






Single, Regular and Limited - 10(7),

15(12), 20 (17), 25 (22) {n-3, where n is

the policy year}

Until the child attains the age of 18 years


Limited- only for the first 15 years










Monthly

Single Pay, Yearly, Half yearly, Quarterly &

Monthly or through Salary deductions

Yearly, Half yearly & Quarterly and Single

Premium

Yearly, Half-yearly, Quarterly and

Monthly


Monthly


Monthly


Monthly




Yearly, Half yearly,& Quarterly, Monthly &

single pay.

Yearly, Half yearly,& Quarterly & Monthly.

Face Amount + Bonus payable in lumpsum or in 10 hlf-yrly instalments at

the option of the beneficiary

During deferment period all the

premiums paid are refunded, After

deferment period sum assured is paid

3 options: immediate lumpsum payment of

FA+bonus, payment in 4 equal instalments of 25% of FA when the child attains 18 to 21

years, waiver of premiums to preserve the periodical benefits

SA irrespective of any withdrawals made.

50% SA to child if he is below 18 yrs.

Higher of SA or the accumulation account if the insured is more

than 18 yrs or the policy has been in

force for more than 5 yrs. If policy is less

than 5 yrs old & insured <18 yrs, then higher of the SV and

refund of all premiums is paid.

SA+ policy fund value or else this money can

continue to earn returns. If the nominee

is a minor, the beneficiary has the option of making

partial withdrawals subject to a minimum

policy value.

SA+WOP+ Fixed term benefits to

continue.

Refund of all premiums+interest+ accrued bonuses, if

any.

SA+bonus immediately+WOP+al

l pending survival benefits remain

unaffected.

FA + Bonus payable in lumpsum or in 10 hlf-yrly instalments at the option

of the life assured

During deferment period all the

premiums paid are refunded, After

deferment period sum assured is paid

20% of the Basic Sum assured during last 3 Policy years. At maturity 40% of

the Basic sum assured with

reversionary bonus and Terminal bonus.

25% of FA paid in 4 years from age 18 or 21

yrs (bonus in last instalment yr). Also

option to fully receive complete FA + bonus

10% of the SA is paid every 3 yrs, with the balance on maturity. There is also a 10% guaranteed addition after 10 yrs of the policy. On 21st

anniversary, you get remaining 40% of the

SA.

Premiums are paid only for the 1st 15 yrs. Guaranteed addition of 5% on SA from 10th yr onwards till

death. Plus non-guaranteed cash

dividends from 6th yr onwards

20%SA on child's18th birthday,20% on 21st birthday, 20% on 24th

birthday & 40% on 27th birthday. Also a

guaranteed addition of 10%SA on maturity or

death. Plus reversionary &

terminal bonuses is payable

10%SA guaranteed on death or maturity+

20%SA as education benefit at maturity+

non-guaranteed reversionary &

terminal bonuses.

20%SA at ages 18,19,20,21&22 +

guaranteed addition of 50% of premium+ sharing of profits

through reversionary & terminal bonuses.

On maturity, SA+ bonus addition is paid.

On maturity, policy fund value or the

option of continuing the unit account for a max period of 5 yrs

after maturity. A final bonus may also be

paid for with profits policy.

2 options to receive benefits depending on

the funding requirement. There are

fixed term benefits, periodic additions and

term additions.

Assures a guaranteed sum on 18th & 24th birthday of the life insured I.e. Face Amount+Bonus

5 yrs before maturity- 30% of SA

2 yrs before maturity- 35% of SA

At maturity- 35% of

SA+30% guaranteed addition +non

guaranteed bonus, if any.

After 3 years , 90% of Premium paid

excluding 1st years premium

After 3 years , 30% of Premium paid

excluding 1st years premium. 90% in

case of Single Pay.

Yes, after 2 policy years. A final bonus may also be paid on surrender in case of with profits policy.

Cash value on surrender (min 30% of

all premiums paid)


18th January, 2005.


August 9, 2005.

COMPANYPRODUCT

Type of plan

Life InsuredRiders

Policy Loan

Comments

Note:SV= Surrender ValueSA= Sum AssuredFDNA= Further data not available.

LIC SBI LIFE TATA AIG KOTAK AVIVA METLIFE MAX NEW YORK LIFEJeevan Anurag Scholar II MahaLife Gold Assure Career Builder Assure Educare Starkid Child Advantage Plan Young Achiever Met Bhavishya Stepping Stones

Endowment Endowment Money Back Money Back Money Back Money Back Money Back Endowment Money Back Endowment Endowment Money Back Endowment Money Back

Parent Child Parent Parent Child/Parent Child/Parent Child Child Child Child Parent Parent Child Parent

Marriage Endowment/ Educational Annuity

Children's Deferred Endowment Plan

Assure 21 Yrs Money Saver

Childrens' Endowment 18 & 24

Accident Benefit WOP Payor Benefit Rider Payor Benefit Rider Payor Benefit Rider Payor Benefit Rider.

Available after 3 years No FDNA FDNA Yes FDNA FDNA FDNA FDNA FDNA FDNA

1. Accidental death and Disability

benefit 2. Term Assurance 3. Critical illness

1. Accidental death and accidental total Permanent Disability 2. Premium Waiver Benefit 3. Critical illness

1. Payor Benefit Rider 2. Term Rider

3. Accident & Disability Rider 4. CI Rider

(only for parent)

1. Term Rider 2. Accident &

Disability Rider 3. CI Rider

Life Guardian Benefit & Accident Disability

Guardian Benefit

Inflation Indexation Rider

Accidental Death, CI, WOP( Accidental disability) & Term

Rider.

Accidental Death Benefit, CI, Term,

Term R&C & WOP Rider.

Permissible after the Policy acquires paid up value but before starting of payment of assured benefits.

Yes, after 3 policy years.

Yes, after the policy has acquired a cash

SV.

The maturity/survival benefits are paid only at the end of the selected

term irrespective of whether the policyholder

dies or survives the policy term where it can be

invested in an annuity.

Deferment at age 18 or 21

Option to delay the benefits and continue the policy even after

the maturiy date.

Policy will automatically vest in the name of the child

at age 18.

2 non-forfeiture options- Reduced

Paid-Up & Extended Term Insurance.


COM/08/05-06/0375 21st January, 2005.

COMPANY ICICI HDFC STANDARD ALLIANZ BAJAJ

LifeTime II Cash Plus Secure Plus. Endowment Unit Linked Unit Gain Unit Gain SP Unit Gain Plus

Whole of Life Money Back Endowment Endowment Variable Universal Life Variable Universal Life Variable Universal LifeFEATURES

Regular Regular Regular Regular Regular Single Premium Regular

0-60 0 -60 0 -60 18-60 0-60 0-67 0-60

1,26,000/No limit FDNA FDNA Rs. 50,000/ No limit Rs. 50,000/- / No limit

Yes, can change the level of cover Yes

Rs. 18,000/- Rs.8400/- Rs.6000/- Rs. 10,000/- Rs. 10,000/- Rs. 25,000

Terms Whole of Life 10 -30 years 10 -30 years 10 -30 years Whole Life Whole Life Whole Life

Regular Regular Regular Regular Regular Single Premium Regular

5,000 / No limit None None Rs. 5,000/-/No limit Rs. 10,000 / No limit Allowed

BENEFITS

Death

Name of ProductType Of Plan

Premium typeAge at Entry (Min/Max)


Minimum SA= 1.01* Single Premium Maximum SA = y* Singlepremium where y varies as per

age band.

Minimum SA= 1.01* Annual Premium Maximum SA = y* Annual premium where y varies as

per age band.


Yes (Also an option of increasing FA option available for ages 18 to 35- FA increases by 15% from the beginning of

4th to 10th year s.t. a max of 3 lakhs.

Increase possible every 3 years upto 4 times. (Amount

lower of the 25% of the original Sum Assured &

1,00,000), Decrease possible s.t. minimum allowed

Decrease in sum assured is allowed in multiples of Rs. 1000. After decease the SA must be atleast 1.01 times the Single

premium. Increase in SA after decease in SA is

subject to underwriting



1,00,000), Decrease in sum assured is allowed in

multiples of Rs. 1000. After decease the SA must be

atleast 5 times the Annual premium. Increase in SA

after decease in SA is subject to underwriting

Min Premium Payable

Annual : Rs. 15000

Half yearly :Rs.7500

Quaterly : Rs. 3750 Monthly :

Rs 1500

Premium Paying Term


Min- Rs. 10,000( 100% allocated to the funds)



SA + FV(3 level of covers -1.Basic: (Term-5)*Annual premium, 2. Standard:

(Term)*Annual premium & 3. Enhanced: (Term + 5) * Annual premium)


Higher of the Face Amount or Policy Fund Value less

withdrawals. (If younger than 7years or older than 70 yrs

only the policy fund would be payable)

Higher of Sum Assured less partial withdrawals or the bid price of units.

If 7>Age<70 then the bid price of the units is

paid.

Higher of Sum Assured less partial withdrawals or the

price of units. If 7>Age<70 then the price of the units is

paid.


COM/08/05-06/0375 21st January, 2005.


LifeTime II Cash Plus Secure Plus. Endowment Unit Linked Unit Gain Unit Gain SP Unit Gain PlusName of Product

N/a Policy Fund Value Policy Fund Value Policy Fund Value Policy Fund Value

None After three years

1. Preserver

Only one fund

1. Liquid 1. Equity 1. Equity Fund 1. Equity Index Plus

2.Protector 2. Secure Managed 2. Debt 2. Equity Gain Fund 2. Equity Fund Plus

3.Balancer 3. Defensive Managed 3. Balanced 3. Debt Fund 3. Debt Plus4. Maximiser 4. Balanced Managed 4. Cash 4. Balanced Fund 4. Balanced Plus

5. Cash Fund 5. Cash Plus5. Growth Fund

Four Not Applicable No limit Three

Available Not Available Yes Yes Yes Yes

N/A

Cash Surrender Value after 3 years After three years After three years


Higher of the Accumulated value (Guaranteed bonuses declared ) or value of

investments

Withdrawals

Yes, after first 3 full years. Min withdrawal amount of Rs.

2,000/-

Can withdraw upto 10% of the Accumulated

value after the first 5 years

Allowed provided fund balance after withdrawal and charges does not fall below the Face Amount

Full or partial withdrawal is allowed anytime after

payment of single premium. Min amount of

withdrawal is Rs.1000 and a minimum balance of Rs. 10000 should be maintained in all the

funds.


payment of single premium Min amount of withdrawal is

Rs.1000 and a minimum balance of Rs. 10000 should

be maintained in all the funds.

Investment Funds


Three subject to min amt of Rs. 5000 or the fund value whicever is lower. Further swicthes will be

charged at 1% of the switch amount or Rs.

100 whichever is higher.

Three subject to min amt of Rs. 5000 or the fund value whicever is lower. Further swicthes will be charged at 1% of the switch amount or

Rs. 100 whichever is higher.


Riders Available

1. Critical Illness (Accelerated) 2. Major Surgical Assistance




3. Accident and Disability Benefit4. Accident Benefit Cover

5. Income Benefit 6. Waiver of Premium

1. Accidental Death Benefit

2. Critical Illness Benefit







Surrender Value

Surrender possible after one year

Anytime after payment of first premium. No surrender charges.


COM/08/05-06/0375 21st January, 2005.


LifeTime II Cash Plus Secure Plus. Endowment Unit Linked Unit Gain Unit Gain SP Unit Gain PlusName of Product Cash Surrender Value after 3 years After three years After three years

Comments

Surrender Value



Anytime s.t. the surrender charges

Cover begins at age 7 and ceases at age 70

Guaranteed Bonus is credited annually. In the first year this bonus is fixed at 4%.

The plan has a fund management charge of

0.8% which is the lowest in the market

The flexibility of Unit Gain plan comes at very high

price.

* IRDA has asked Bajaj to discontinue selling this

product.


COM/08/05-06/0375 21st January, 2005.

COMPANY ICICI HDFC STANDARD ALLIANZ BAJAJ TATA AIG AVIVA AVIVA AVIVA AVIVA AVIVA

LifeTime II Cash Plus Secure Plus. Endowment Unit Linked Unit Gain Unit Gain SP Unit Gain Plus Unit Gain Plus SP* UnitGain Super UnitGain Premier SP FamilyGain Invest Assure LifeBond 5 Life LongTreasure Plus Save Guard Freedom Life

Whole of Life Money Back Endowment Endowment Variable Universal Life Variable Universal Life Variable Universal Life Variable Universal Life Variable Universal Life Variable Universal Life Variable Universal Life Endowment Endowment Whole Life Endowment Whole Life Endowment Endowment EndowmentFEATURES

Regular Regular Regular Regular Regular Single Premium Regular Single Premium Regular Single Regular Regular Limited pay(5) with top-up Single Regular Limited Limited Regular Regular

0-60 0 -60 0 -60 18-60 0-60 0-67 0-60 0-69 30 days -60 years 18 years to 65years 18years-60 years 18years-50 years 18years-50 years 18years-60 years 18years-65 years 18years-65 years

1,26,000/No limit FDNA FDNA Rs. 50,000/ No limit Rs. 50,000/- / No limit Rs.20,000/- /No Limit Rs. 1,25,000/- / No limit FDNA FDNA

Yes, can change the level of cover Yes Not Available. Not Available. N/a N/a N/a Not allowed No N/a N/a

Rs. 18,000/- Rs.8400/- Rs.6000/- Rs. 10,000/- Rs. 10,000/- Rs. 25,000 Rs. 25000/- Rs. 25,000 p.a. Rs. 25,000 SP Rs. 5000 p.a. Rs. 12,000/- Rs. 25,000/- Rs.10,000/- Rs. 12000/Max Rs. 60000 Rs. 10,000/-

Terms Whole of Life 10 -30 years 10 -30 years 10 -30 years Whole Life Whole Life Whole Life Whole Life To age 70 To age 70 To age 70 10 years - 50 years Whole of life 10,15 & 20 Whole of life 10 years - 30 years 10 years - 30 years

Regular Regular Regular Regular Regular Single Premium Regular Single Premium Regular Single with top-ups Regular Regular 5 years Single pay Regular 10,15,20,25 & 30 yrs3,5, 10,15,20,25 & 30 yrs Regular

5,000 / No limit None None Rs. 5,000/-/No limit Rs. 10,000 / No limit Allowed Rs. 5,000/Equal to SP Rs. 5,000 Rs. 1,000 / No limit Rs.10,000 / No limit FDNA Not Applicable. 10,000 / No limit FDNA N/a N/a

BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product

Kotak Safe investment plan


Type Of Plan


0-65 ( Risk commences at age 7). Min policy

term is 5.


term is 6.


term is 5.



age band.


per age band.

Minimum SA= 1.01* Single Premium

Amount Maximum SA =

y* Single premium where y varies as per

age band.

5 times the annualised premium/y times the annualised premium where y varies as per different age bands.

1.1 times the single premium or (Rs. 50,000+ single

premium) whichever is higher/y times the single premium where y varies

as per different age bands.

5 times the annualised premium or Rs. 50,000 whichever is higher/y times the annualised

premium where y varies as per different age

bands.

Fixed at 120 times the monthly premium


Rs. 1,25,000 for Premium Payment Term (PPT) greater than or equal to 10

yrs. For PPT of 3 or 5 yrs, min SA is 10

lakhs.

Premiums based on face amount
















Decrease in sum assured is allowed in multiples of Rs. 1000. After decease the SA must be atleast 1.01

times the Single premium. Increase in

SA after decease in SA is subject to underwriting

Not Available. However, an option to reduce

regular premium after two full years' premium payments is received, is

available.

Allowed on certain occassions and on

request upto age 65 or start of the last

year of PPT whichever is earlier.

Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000

Rs. 25,000/- for PPT of 10, 15, 20, 25 or 30 years and Rs. 2

Lakhs for PPT of 3 or 5 yrs/ No max limit on

annual premium

Q - Rs. 2620, Semi Annually- Rs. 5115, Annual- Rs.10000

15 years, 20 years & 30 years

10 -30 years. The product is an

endowment product to age 70.

Premium Paying Term

Regular and short pays - 3,5,7,10 and 15

pays



Allowed- Min Amt Rs. 5000

Rs. 5,000/Annual premium multiplied by the premium paying

term under the policy.











paid.



paid.

Higher of Sum Assured less partial withdrawals or the price of units. If

7>Age<70 then the bid price of the units

are payable.

Sum Assured less partial withdrawals, if any,

made within 24 months prior to date of death or value of units whichever

is higher.



is higher. Age< 7 yrs, only Policy Value is paid.

Sum Assured + Value of units. If age<7, then only value of units is

payable.

Higher of the Policy Fund or the Face Amount less the

partial withdrawals. • If age at

the time of death is less than a year 20% of the Face Amount is paid. Similarly, if it is

1, 2 or 3 years

If death occurs in the 1st year, 110% of the

premium paid is payable but in case of an accidental death in the first year or death

after the first year higher of the Face

Amount or the policy fund is paid.


Fund

Higher of SA or policy value. If death within

yr 1, 110% of the annual premium.


premiums paid or fund value in respect of regular premiums paid, whichever is

higher.

Greater of the Fund Value in respect of

regular premiums or SA. Value of units attributable to the additional single

premium would also be payable.

Higher of the Face Amount or the Fund

Value


Value + the amount in supplementary

account less withdrawal

Easy Growth Plan

Whole Life

Single Premium

0-75(60 for 5 times life cover)

N/a

Rs. 50,000

Whole of Life

Single pay

Min Rs. 10,000

OM KOTAK MAHINDRA


With One Times Life Cover: Higher of value

of units or guraranteed death benefit, less any

withdrawal. With Five Times Life Cover: Higher of

value of units or guranteed death benefit, less any

withdrawal.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



N/a Policy Fund Value Policy Fund Value Policy Fund Value Policy Fund Value Policy Fund Value Policy Fund Value Policy Fund Value Policy Fund Value Policy Fund Value Not Applicable

None After three years After three years N/a

1. Preserver

Only one fund

1. Liquid 1. Equity 1. Equity Fund 1. Equity Index Plus 1. Equity Index Plus 1. Equity Index Fund 1. Equity Fund 1. Equity Index Fund 1. Equity 1. Secure

Secure Fund

1. Secure Fund 1. Secure Fund 1. Money Market Fund 1. Money Market Fund

2.Protector 2. Secure Managed 2. Debt 2. Equity Gain Fund 2. Equity Fund Plus 2. Equity Fund Plus 2. Equity Plus Fund 2. Equity Gain Fund 2. Pure Equity Fund 2.Income 2. Balance 2. Growth Fund 2. Growth Fund 2. Gilt Fund 2. Gilt Fund

3.Balancer 3. Defensive Managed 3. Balanced 3. Debt Fund 3. Debt Plus 3. Debt Plus 3. Debt Plus Fund 3. Debt Fund 3. Debt Plus Fund 3.Liquid 3. Growth 3. Balanced Fund 3. Balanced Fund 3.Balanced Fund 3.Balanced Fund4. Maximiser 4. Balanced Managed 4. Cash 4. Balanced Fund 4. Balanced Plus 4. Balanced Plus 4. Balanced Plus Fund 4. Balanced Fund 4. Balanced Plus Fund 4.Growth 4.Growth Fund 4.Growth Fund

5. Cash Fund 5. Cash Plus 5. Cash Plus 5. Balanced 5. Bond Fund5. Growth Fund

Four Not Applicable No limit Three One Not applicable Not Applicable.

Available Not Available Yes Yes Yes Yes Yes No Not Applicable. No No

N/A N/A None N/a N/a

Cash Surrender Value after 3 years After three years After three years No surrender charges



investments

Policy Fund. (In case of secure fund option higher of the policy

fund and the premiums allocated in

this fund less the withdrawals)

Policy Fund(In unitised product

guranatee the value not to fall below a

certain %)

Higher of policy value or min maturity value

equal to annual premium*policy term

less any partial withdrawals.

Value of all units including those of additional single premiums, if any.


Value


Value + market value of the units in supplementary

account

Withdrawals


2,000/-







funds.





Min amount of withdrawal is Rs.1000

and a minimum balance of Rs. 10000 should be maintained

in all the funds.

Partial or full withdrawals allowed after one year from

commencement provided regular

premiums (including top-ups) have been paid for 2 full yrs. Min amount of withdrawal is Rs. 1,000 and a minimum balance of Rs. 25,000 must be

maintained.

Partial or full withdrawals allowed after one year. Min

amount of withdrawal is Rs. 5,000 and a

minimum balance of Rs. 20,000 must be

maintained.

The account value can be withdrawn after 3 full

years from commencement. There is no surrender penalty

for early exit.

After two years. Four withdrawals in a year


Amount

Allowed only once for 15 & 20 yr term

during the last five policy years. Fund

value after withdrawal should not

be less than Rs. 20,000.


after withdrawal should not be less than Rs. 50,000

Allowed after 2 yrs. Min amount of

withdrawal is Rs. 5,000 provided the

fund value of accumulation units immediately after deduction of the

amount withdrawn is not less than Rs.

50,000.

Option to withdraw money from the fund,

through partial or complete surrender of

units

Investment Funds

One Investment Fund option







Three subject to min amt of Rs. 5000 or the fund value whicever is lower. Further swicthes will be charged at 1% of the switch amount

or Rs. 100 whichever is higher.

Three free switches every Policy Year subject to a minimum switching amount of Rs. 5,000 or

the fund value, whichever is lower.





Yes, Two free changes in a year

One(Can either switch 100% of the

fund to another fund or the min amt switched & the

balance in the fund should not be less

than 10,000.

Two(Can either switch 100% of the

fund to another fund .The min amt

switched & the balance in the fund should not be less

than 10,000.)

No Limit (But there is a bid offer spread)



Possible at any Policy Anniversary. The

apportionment to any Fund must be atlest 5%

of the investible amount.









However, the min allocation in each

selected fund must be 10%.

Riders Available















1. Accidental Death Benefit 2. Accidental

Total & Partial Permanent Disability

Benefit 3. Critical Illness Benefit 4. Hospital Cash

Benefit




Benefit



Disability 3. Hospital Cash

Benefit

Inbuilt Accidental Death & Permanent Total Disability rider.


AD&D, CI & PTD and HCB.

1. Term/Preferred Term Benefit


3. Permanent Disability Benefit4. Critical Illness

Benefit5. Life Guardian

Benefit6. Accidental

Disability Guardian Benefit





Benefit6. Accidental Disability

Guardian Benefit

Surrender Value



Available after one year from commencement provided two regular premiums have been paid including top-ups. The surrender penalty is 100% in the first year, 25% in the second year, 15% in the third year, 10% in the 4th year, 5% in the 5th year and 0% thereafter.

Available after one year from commencement . The surrender penalty is 100% in the first year, 10% in the second year, 8% in the third year, 6% in the 4th year, 4% in the 5th year, 2% in the 6th yr and 0% thereafter.



for early exit.

After two years s.t. surrender charges

Anytime after one policy year


Yes, after 2 policy years. SV equal to value of units less early redemption

charge.

Full surrender value after two years s.t. surrender charges


After 3 years. Surrender charge of 2.5% of the FV. No Surrender Charge after 10th year.

After 3 years. Surrender charge of 2.5% of the Amount withdrawn. No Surrender Charge after 10th year.

Easy Growth Plan

OM KOTAK MAHINDRA

Policy Fund Value

1. Gilt Fund

2. Bond Fund

3. Balanced Fund4. Growth Fund

5. Aggressive Growth Fund

No

N/a

Anytime after 1st yr. No withdrawal charges from 2nd yr onwards.

Min amount of withdrawal is Rs.

10,000 leaving behind a value of Rs. 50,000

in the policy.


1. Critical Illness Benefit 2. Accidental Death Benefit 3.

Pemanent Disability Benefit


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product


Kotak Safe Investment Plan IICash Surrender Value after 3 years After three years After three years No surrender charges

Comments

Surrender Value







for early exit.





charge.




After 3 years. Surrender charge of 2.5% of the Amount withdrawn. No Surrender Charge after 10th year.Anytime s.t. the surrender

charges






price.

Addition of the Pure Equity Fund based on Islamic principles. This fund will not invests in companies dealing with

gambling, contests, liquor, entertainment, hotels, banks and FI's.

LifeLong has few unique features like -

It can be taken as single as well as joint

life and the Face Amount and the premium can be

indexed to inflation.

Only one fund. No facility for top-ups. Minimum maturity amount makes this

plan attractive.

Capital Guarantee on the investments

made in Secure fund. Facility of partial

withdrawals available only after 10 policy

years.

SA is reduced on each partial

withdrawal. All the flexibilities come

along with a price.

A minimum guarantee of the Face Amount

makes this plan attractive.




product.

Easy Growth Plan

OM KOTAK MAHINDRA

N/a




COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product


Kotak Safe Investment Plan II Easy Growth Plan

OM KOTAK MAHINDRA


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




Flexi Plan

Endowment

Limited Premium

14-65

Min Rs. 50,000

Rs. 50,000

10 years - 30 years

OM KOTAK MAHINDRA

Allowed at each policy anniversary.

Increase in FA subject to

underwriting.

Limited- 3,5,7,10 or 15 yrs.

Min. Rs. 10,000, therafter in

multiples of Rs. 10,000

SA+ market value of units less any

unpaid premiums.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





Flexi Plan

OM KOTAK MAHINDRA

1. Money Market Fund

2. Floating Rate Fund3. Gilt Fund

4. Bond Fund5. Balanced Fund6. Growth Fund

No

Higher of the Saor market value of

units

Part withdrawal afte yr 1. Min Rs.

10,000. Max subject to leaving a balance of Rs.

10,000 in the Main Account.

No Limit (But there is a bid offer

spread)

1. Critical Illness Benefit 2. Accidental Death Benefit 3.

Pemanent Disability Benefit 4. Life Guardian Benefit

5. Accidental Disability

Guardian Benefit.

Plan will acquire surrender value at the end of yr 1. For later years, the SV differs according to the surrender charge.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

Flexi Plan

OM KOTAK MAHINDRAPlan will acquire

surrender value at the end of yr 1. For later years, the SV differs according to the surrender charge.

Automatic Cover Maintenance

Facility to keep the policy in force

in case the premiums remain

unpaid after 3 policy years.


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




OM KOTAK MAHINDRA

Endowment

Limited

14-65

FDNA

5 and 10 years

3 Pay

Kotak Priviliged Assurance Plan

5 or 10 times as per the term chosen

Rs. 5,00,000 p.a for 5 yr term and Rs.2,50,000 for 10 yr term for ages below 18.

Min Rs. 25,000/lumpsum paid at any point of time

does not exceed 25% of the total basic regular premium

paid upto that date

SA + Value of units in the main and supplementary

account


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





OM KOTAK MAHINDRA


Advantage Plus FundAdvantage Fund

Allowed

None

Where the annual premium remains unchanged

throughout the premium payment period, higher of total premiums paid in the main account or value of

units in the main account on the date of maturity and

value of units in the supplementary account on

the date of maturity.Otherwise only the value of units will be paid.

After third policy year in multiples of Rs.

25,000.Maximum of 2 withdrawals allowed in a

year.

Advantage Multiplier Fund ( only with the 10 yr term)

Anytime. Two free switches in a Policy Year.

Lock-in period for 3 years. 4th year-penalty is 2% 5th year- penalty is 1%. No surrender

penalty in the 5th year.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

OM KOTAK MAHINDRA


Lock-in period for 3 years. 4th year-penalty is 2% 5th year- penalty is 1%. No surrender

penalty in the 5th year.

Capital guarantee over 5 years with an upside in

equity upto 80% ( for the 10 yr term)


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




MET LIFE

Met Ultimate

Whole Life

N/a

N/a

To age 100

10 pay or 20 pay

N/a

Limited pay(5) with top-up

Allowed once a year anytime

after three policy years.

Increase would be subject to underwriting

Quote: Face Amount based

The three death benefit options: Option A: Level Death Benefit (Higher of the PF or the FA) (PPT=10 yrs)Option B: Increasing Death Benefit (PF + FA) (PPT=20 yrs)Option C: Cost of Living AdjustmentDeath Benefit (Higher of the 110% PF or FA) Where the FA increases by 5%(simple interest) every year for 20 yrs.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





MET LIFE

Met Ultimate

One Fund option

N/a

N/a

N/a

N/a

Policy Fund (Minimum

guarantee of 3.5% net p.a..

Guaranteed 5% credit in the first

2 years if bought in the year 2004. +

Bonus Additions if any.

Allowed after two policy years


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

MET LIFE

Met UltimateN/a

Ø The minimum guarantee of 3.5% (net) p.a. throughout the policy term.Ø For policies issued in 2004, a minimum rate of 5% p.a. will be credited for 2 years. Ø The policy also features Bonus additions (non-guaranteed).


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




MAX NEW YORK LIFE

Life Maker

Endowment

Regular

12years -60 years

Allowed

Rs. 15000

10 years - 58 years

Regular

Allowed

Min Sum Assured: Rs. 100000

Option 1: Level insurance cover: Higher of Insurance cover or value of units. Option 2: Increasing insurance cover: Sum of Insurance cover and value of units.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





MAX NEW YORK LIFE

Life Maker

Policy Fund

FDNA

1. Secured Fund

2. Conservative Fund


FDNA

Allowed - First two switches are free.

1.Personal Accident Benefit (PAB) rider 2.Dread Disease

(DD) rider


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

MAX NEW YORK LIFE

Life MakerFDNA

Bid-offer spread present


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




LIC

Bima Plus

Endowment

Single

12years -55 years

N/a

Rs. 20,000/-

10 years

Single pay

N/a

Rs. 20,000/-/Rs. 2,00,000/-

First 6 mths 30%SA + FV; next 6 mths

60%SA + FV; 100% SA+FV

thereafter except for

death in the 10th year 105%

SA + FV; If death is

accidental then 100% SA+FV irrespective of

the term


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





LIC

Bima Plus

Fund Value

None

1. Secured Fund

2. Balanced Fund

3. Risk Fund

No

None free (But two during the

policy term subject to a gap

of 2 years)

Inbuilt Accident Benefit Rider

Surrender anytime. No surrender

charge after 4 years.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

LIC

Bima PlusSurrender

anytime. No surrender

charge after 4 years.

It is a plan with no underwriting

required precisely why

the policy holder cannot take this plan for high Face

Amount.


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




LIC

Bima Plus

Endowment

Regular

12years -55 years

N/a

Rs. 5,000/-

10 years

N/a

Rs. 50,000/-/Rs. 2,00,000/-

Regular pay(10 years)

First 6 mths 30%SA + FV; next 6 mths

60%SA + FV; 100% SA+FV

thereafter except for death in the 10th year 105%

SA + FV; If death is

accidental then 100% SA+FV irrespective of

the term


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





LIC

Bima Plus

Fund Value

None

1. Secured Fund

2. Balanced Fund

3. Risk Fund

No

None free (But two during the

policy term subject to a gap

of 2 years)

Inbuilt Accident Benefit Rider

Surrender anytime. No

surrender charge after 4 years.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

LIC

Bima PlusSurrender

anytime. No surrender charge

after 4 years.

It is a plan with no underwriting

required precisely why the

policy holder cannot take this

plan for high Face Amount.


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




HDFC

Unit Linked Endowment

Endowment

Regular

18-60 yrs

Not Allowed

Rs. 10,000 annually

10-30 yrs.

Min Rs. 5,000

SA is based on the amount of premium with a low of 5 times premium to a high of

20 times premium.

Regular(Quarterly, Half-yearly, yearly).

Higher of the SA or the poliy fund value


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





HDFC


Policy Fund Value

1. Liquid Fund

2. Secure Managed

3. Defensive Managed4. Balanced Managed

5. Growth Fund.

No

Allowed. Min amount is Rs. 10,000

Any no. of times. Premium re-direction instruction can

also be given.

Inbuilt Critical Illness & Accident Benefit Rider

Can be done anytime during the policy term. On

surrender of the policy before 3 yrs' premiums

have been paid, 25% of the outstanding premium

during this 3-yr period is charged.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

HDFC


Can be done anytime during the policy term. On

surrender of the policy before 3 yrs' premiums

have been paid, 25% of the outstanding premium

during this 3-yr period is charged.

Riders are inbuilt in the plan.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



HDFC



COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




SBI LIFE

Horizon

Endowment

Regular

14-60 yrs(max maturity age-70)

Not Allowed

10-40 yrs.

SA + the poliy fund value

Min Rs. 1,20,000 Max Rs.

10,00,000.

Rs. 12,000 annually Max. Rs. 1,00,000

Regular(Monthly,Quarterly, Half-yearly). Yearly from

term 16 to 40.

Min Rs. 1,000 Max. equal to annualised regular

premium.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





SBI LIFE

Horizon

Policy Fund Value

1. Equity Fund

2. Bond Fund

3. Money Market Fund

Not Allowed

No

Not Available

Allowed after 3 policy yrs. First 2 withdrawals are

free.

Available from 2nd yr onwards & the policy ends

immediately.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

SBI LIFE

Horizon

This plan does not provide any flexibility as to

investment funds nor does it offer any riders.


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




AMP SANMAR

Kanashree

Endowment

Regular/ Single

30 days- 65 yrs.

5-40 yrs.

Min Rs. 2500.

Min. for regular premium- Regular premium + 1 Lac Min for single premium- Single Premium + Rs. 5000

Decrease allowed to a min of 1 lac for

regular premium & Rs. 5000 for single

premium. Increasing the SA is

subject to undewriting.

Min Rs. 25000 for single premium Min

Rs. 10000 for regular mode

annually.

Regular(Quarterly, Half-yearly, yearly). & single premium

Higher of the SA or the poliy fund value


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





AMP SANMAR

Kanashree

Policy Fund Value

1. Capital Secure Fund

2. Balanced Fund

3. Growth Fund4. Equity Fund

No

2 partial withdrawals upto Rs. 5000 allowed after 3 premium

payments.Required balance after

withdrawal- Rs. 10000 or more. Rs. 100 per withdrawal

is charged.

One switch pre policy yr is free.

Subsequent switches charged at

1% of the switch subject to a min of Rs 100 & a max of

Rs 1000.

Accidental Death & Total Permanent Disability Benefit

Can be done anytime without any surrender

charges. For regular premium, atleast 3 yrs' premiums are

to be paid.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

AMP SANMAR

Kanashree

Can be done anytime without any surrender

charges. For regular premium, atleast 3 yrs' premiums are

to be paid.

This plan has lower charges & also the facility of premium

redirection.


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




ICICI Pru Life

LifeLink II

Endowment

Single

Not Allowed

Rs. 25,000/-

Single

Min Rs. 5,000

0-62 yrs(60 in 500%SA option)

26,250/-(105% of initial premium) or 500% of initial premium

Max No limit

Min. 5 yrs.

Max maturity age-65 yrs(60 yrs

in 500% SA option)

Higher of initial death benefit or Fund Value is paid


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





ICICI Pru Life

LifeLink II

Policy Fund Value

1. Protector

2. Balancer

3. Preserver4. Maximiser

No

Not Available

Partial withdrawals

allowed after 1 policy yr &

limited to 25% of the unit value in the 1st 5 yrs of policy. A charge of Rs 100 will be

levied per withdrawal for the 1st 5 yrs. After 5 yrs, no restrictions on

partial withdrawals.

4 free switches in a yr. Min amount is

Rs. 10,000.

Can be done after payment of single premium.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

ICICI Pru Life

LifeLink IICan be done after payment of single premium.

There are no riders available.


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




LifeTime II

Whole Life

Regular

Allowed

Rs. 18,000/-

Whole of Life

Regular

Min Rs. 5,000

0(18 yrs for level II SA)-60 yrs(35 yrs

for level II SA)2 levels of SA- a constant multiple of premium & an

increasing multiple.


Increasing) chosen less any

withdrawals


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





LifeTime II

N/a

1. Protector II

2. Balancer II

3. Preserver 4. Maximiser II

No

Partial withdrawals allowed after 3

premiums are paid at no cost.

However, min amount of

withdrawal is Rs. 2000.

4 free switches in a yr. Min amount is Rs. 10,000. Additional switches charged

at Rs. 100 per switch.

Accident & Disability Rider

Waiver of Premium Rider

Critical Illness Rider

Major Surgical Assistance

Benefit Rider

Can be done after first yr.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

LifeTime IICan be done after first yr.

Cover begins at age 7 and ceases

at age 70


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




Invest Shield Life

Endowment

Regular

0-55 yrs

Not Allowed

Rs. 8000 p.a.

10-30 yrs

Regular

Min Rs. 2500.

SA based on a multiple of the annual

contribution

Higher of Fund Value or the guaranteed value of the unit fund.(If age<7 yrs) If age>7 yrs, SA+ Higher of Fund Value or the guaranteed value of the unit fund


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





Invest Shield Life

Not Allowed

Not Allowed

No

Higher of Fund Value or the guaranteed value of the unit fund.

Debt(min 70%)

Equity (max 30%)

Accident & Disability

Rider Waiver of Premium

Rider




COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

Invest Shield LifeCan be done after first yr.

Facility to increase or

decrease the annual

contribution


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




Invest Shield Cash

Endowment

Regular

0-60 yrs

Not Allowed

Rs. 8000 p.a.

10-30 yrs

Regular

Min Rs. 2500.

SA based on a multiple of the

annual contribution



COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





Invest Shield Cash

Not Allowed

No


Partial withdrawals can

be made from 6th yr onwards till the

end of policy term. Option to

withdraw 10% of the value of the units from the unit fund. Can

avail this option once every yr.Debt& money

market instruments(100

%)


Waiver of Premium Rider




COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

Invest Shield CashCan be done after first yr.

Facility to increase or

decrease the annual

contribution + liquidity.


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




Invest Shield Gold

Endowment

Limited

0-60 yrs

Not Allowed

Rs 25,000 p.a.

Limited (5,7 or 10 yrs)

Min Rs. 2500.


annual contribution

10,15 or 20 yrs corresponding

with 5,7 & 10 yrs resp premium

payment terms.



COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





Invest Shield Gold

Debt(min 70%)

Equity (max 30%)

Not Allowed

No


Partial withdrawals can be made from 6th yr onwards till the end of policy term. Option to

withdraw 10% of the value of the

units from the unit fund. Can avail this option once

every yr.





COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

Invest Shield GoldCan be done after first yr.

Facility to increase or decrease the

annual contribution +

liquidity.


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




Premier Life

Endowment

Limited

18-60 yrs

Not Allowed

Rs. 60000 p.a.

Limited (3,5,7 or 10 yrs)

Limited (3,5,7 or 10 yrs)


annual contribution (min multiple of 1 & max multiple of 25 times the annual

contribution) Min SA

Allowed. Charged at 1% of the top-up

amount. No charges for top-ups made

after 5 yrs.

Higher of SA(less any withdrawals) or value of units.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





Premier Life

Policy fund value

1. Protector

2. Balancer

3. Preserver4. Maximiser

No

Partial withdrawals allowed after 3 policy yrs but

subject to SV. Min amount is Rs 10,000. 2 free withdrawals.

Additional withdrawals at 0.25% of the

withdrawal sub to a max of Rs. 1,000 is

charged.

4 free switches in a yr. Min amount is Rs. 10,000. Additional

switches charged at Rs. 100 per switch.





COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

Premier LifeCan be done after first yr.

Facility to increase or decrease the

annual contribution + liquidity.


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




Secure Plus

Endowment

Regular

0-60 yrs

Not Applicable

Rs. 6000 p.a.

10-30 yrs

Regular

Not Allowed

Min. Rs. 50,000

Max No limit

FA + PFV (3 level of covers -1.Basic: (Term-5)*Annual premium, 2. Standard: (Term)*Annual premium 3. Enhanced: (Term + 5) * Annual premium)


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





Secure Plus

Not Allowed

Equity- max 20%

Not Allowed

No

Policy Fund + Investments made by the policyholder if it is more than the Policy Fund

Debt& cash-min 80%

1. Critical Illness (Accelerated) 2. Major Surgical Assistance 3. Accident and Disability Benefit4. Accident Benefit Cover5. Income Benefit 6. Waiver of Premium

After 3 years, 35% of all premiums

paid excluding the 1st year premium,

rider and extra premiums.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

Secure Plus

After 3 years, 35% of all premiums

paid excluding the 1st year premium,

rider and extra premiums.

Unique facility of receiving maturity

proceeds as a lumpsum or over a

period of 3 or 5 yrs.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product


Kotak Safe Investment Plan II Secure Plus


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




Cash Plus

Money Back

Regular

0-60 yrs

FDNA

FDNA

Rs. 8400 p.a.

10-30 yrs

Regular

Not AllowedFA + PFV (3 level of covers -1.Basic: (Term-5)*Annual premium, 2. Standard: (Term)*Annual premium 3. Enhanced: (Term + 5) * Annual premium)


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





Cash Plus

Not Allowed

Not Allowed

Policy Fund + Investments made by the

policyholder if it is more than the Policy Fund

Option of withdrawal from the

accumulated value of the

policy every yr, after 1st 5 yrs of the policy. An option to

withdraw 10% of the

accumulated value in the

policy till that yr.

Debt & cash- max 100%

1. Critical Illness (Accelerated) 2. Major Surgical Assistance 3. Accident and Disability Benefit4. Accident Benefit Cover

Guaranteed SV= 35% of all premiums paid excluding 1st yr's premium, rider benefits premium &

extra premiums, if

any.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

Cash Plus

Guaranteed SV= 35% of all premiums paid excluding 1st yr's premium, rider benefits premium &

extra premiums, if

any.

Unique facility of receiving

maturity proceeds as a lumpsum or

over a period of 3 or 5 yrs.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product


Kotak Safe Investment Plan II Cash Plus


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




ING VYSYA

Freedom

Money Back

Regular

8-65 yrs

Not Allowed

Rs. 15,000 p.a.

5-25 yrs

Min Rs. 5000

Min Rs 75,000

Max equal to one & a half times the

regular premium

Regular( Yearly, Half-yearly, quarterly & monthly)

Higher of SA or the balance in the fund account called the Individual Policy Account (IPA).


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





ING VYSYA

Freedom

Not Allowed

1. Debt Fund

2. Secure Fund

4. Growth Fund

Not Allowed

Yes

Maturity at age 70. Policy fund value is paid. In addition, 25% of the balance

in IPA is paid on the completion of 10,15,20 & 25 yrs resp.

3. Balanced Fund

2 free switches. Additional

switches are charged at 0.1% of the

amount switched sub to

a min of Rs. 100.

Can surrender the policy

anytime after 1st policy yr. There is the additional surrender

benefit upto a max of 25% of the balance in

the IPA less charges

provided the value of

remaining units is atleast Rs.

25000 anytime during the 6th

& 10th yr.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

ING VYSYA

Freedom


anytime after 1st policy yr. There is the additional surrender

benefit upto a max of 25% of the balance in

the IPA less charges

provided the value of

remaining units is atleast Rs.

25000 anytime during the 6th

& 10th yr.Partial Survival Benefit.

However, this benefit will have to be exercised

within 5 yrs or it will lapse.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



ING VYSYA

Freedom


COM/08/05-06/0375 21st January, 2005.












BENEFITS

Death

OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Type Of Plan



term is 5.


term is 6.


term is 5.



age band.


per age band.


Amount Maximum SA =


age band.







bands.





lakhs.






















available.




Min Premium Payable

Annual : Rs. 15000



Rs 1500

Rs. 12,000/- p.a./Max Rs. 1,20,000



annual premium





Premium Paying Term


pays
















paid.



paid.



are payable.



is higher.





payable.




1, 2 or 3 years






Fund





higher.





Value




Future Perfect

Endowment

Regular

8-55 yrs

Not Allowed

Rs. 15,000 p.a.

5-25 yrs

Min Rs. 5000

Min Rs 75,000 Max equal to

one & a half times the regular premium chosen.

However, after

Regular( Yearly, Half-yearly, quarterly & monthly)

Higher of SA or the balance in the fund account called the Individual Policy Account (IPA). On death before age 12, only IPA balance is payable.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product





1. Preserver

Only one fund


Secure Fund











investments






certain %)






Value



account

Withdrawals


2,000/-







funds.







in all the funds.




maintained.




maintained.



for early exit.



Amount











50,000.



units

Investment Funds




















than 10,000.




than 10,000.)

















Riders Available


















Benefit




Benefit




Benefit















Guardian Benefit

Surrender Value







for early exit.





charge.





Future Perfect

Not Allowed

1. Debt Fund

2. Secure Fund


Not Allowed

Yes

Maturity at age 80. Policy fund value is paid. In

addition, on attaining age 60,

5% of the balance in the

IPA is paid initially &

increasing by 0.5% thereafter

for every yr.

2 free switches. Additional

switches are charged at 0.1% of the amount

switched sub to a min of Rs. 100.


anytime after 1st policy yr. There is the additional

surrender benefit upto a max of


IPA less charges provided the

value of remaining units

is atleast Rs. 25000 2 times

between the 6th yr & due date of

1st survival benefit.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product



Comments

Surrender Value







for early exit.





charge.





charges






price.








plan attractive.




years.



along with a price.






product.

Future Perfect


anytime after 1st policy yr. There is the additional

surrender benefit upto a max of


IPA less charges provided the

value of remaining units

is atleast Rs. 25000 2 times

between the 6th yr & due date of

1st survival benefit.

This plan has no withdrawal/liquidi

ty benefit.


COM/08/05-06/0375 21st January, 2005.



OM KOTAK MAHINDRA

OM KOTAK MAHINDRA

Name of Product


Kotak Safe Investment Plan II Future Perfect


COM/08/05-06/0375 21st January, 2005.

Individual Unit Linked Products

Company BIRLA SUN LIFE INSURANCEProduct Name ClassicLife Premier PrimeLife LifeCompanion SimplyLifeBid Offer Spread No No No No No

Premium Allocation

Premium Payment Term 5-9 payYear 1 97.0% 70.1% 45.4% 35% 87% 96.50% 65% 75%

Year 2 N/A 95.0% 92.5% 92.5% 96% N/A 20% 97.8%

Year 3 N/A 95.0% 92.5% 92.5% 96% N/A 20% 97.8%

Year 4+ N/A 95.0% 95.0% 95.0% 98% N/A 15% 97.8%

Top-up allocation 98% 98.0% 98.0% Not Allowed Not Allowed

1% p.a. for Balancer Fund

Administration Charge

Rs. 22/- per month Rs. 60 p.m. None Rs. 60 p.m.

Face Amount related Charge

None

Cost of Insurance (per thousand Face Amount- Annual charge)

30 years 1.17 1.11 1.171 1.17 1.28840 years 2.15 2.04 2.15 2.15 2.36550 years 5.53 5.25 5.532 5.53 6.085Surrender Charge % of the annualised premium % of the Premium % of Single Premium % of policy premium % of annualised first yr premium

Year 1 100% 25% 2% 100% 15%Year 2 100% 15% 1.5% 25% 14%Year 3 10% 1.25% 10% 11%Year 4 7% 1% 0% 9%Year 5+ 0% 5%. Year 6- 3%. Year 7 onwards-Nil Nil 0%

Flexi Plans (Save Plus, Cash Flow and Life Line)

Single Pay

10-14 pay

15-pay or greater

Nil premium load from Policy Year 6 onwards.

Investment Management Fee (as a % of the investment Fund)

Enhancer-1%Builder-1%

Protector-1%

1% p.a. for Protector, Builder and Enhancer and 1.25% p.a. for Creator

and Magnifier Funds.

1% for Assure, Protector, Builder and Enhancer and 1.25% for Creator

and Magnifier Fund.

1% p.a. charged by adjustment of daily unit prices for Balancer Fund

For premium 20,000-49,999- Rs. 35 For premium 50,000-

99,999- Rs. 25 For premium 1,00,000 and above- Rs. 20

2.88/- per 1000 of the FA in the 1st 10 yrs except the 2nd yr where it is 15.24/- per 1000

of the FA. (From the 11th year onwards this will increase subject to a maximum of 3.75%

per year)

Rs. 2 per 1000 SA for Policy Years 1-3 only for premium 25,000-49,999. For premium 50,000-99,999- 1.25.

For premium 1 lac to 3,99,999- 0.40. For premium 4 lac and above-

0.30

Rs. 8 per 1000 SA in 1st 5 yrs. In next 5 yrs, Rs. 6 and thereafter Rs.

3.75 per 1000 SA.

Rs. 5.5 per 1000 FA charged for Policy Years 1-5 and Nil from 6

onwards

24% in the 25th month, It reduces by 1% for every month thereafter

7% for yr 5, 4% from yr 6 and Nil onwards


COM/08/05-06/0375 21st January, 2005.


One Two Two Not Applicable Two

Rs. 100 Rs. 100 Rs. 100 Not Applicable Rs. 100

N/a Two Two Not Applicable N/a

Rs. 100 Rs. 100 Not Applicable* IRDA has asked Bajaj to discontinue selling this product.

Number of free switches per year

Charge for additional switches(Rs./ % of switching amt.)Change in Deposit Allocation PercentageNumber of free changes per year

Charge for additional change


COM/08/05-06/0375 21st January, 2005.

LIC ICICI

Jeevan Plus Lifetime II Secure Plus/Cash plus Invest Shield Life Invest Shield Cash

No No No No No

Regular Single Regular Regular Regular Regular

43.0%

Same as Year 1 Not Applicable 96% 85%

97.5% for the same bands as above Not Applicable 96% 85% 97% for all slabs 97% for all slabs

97.5% for the same bands as above Not Applicable 96% 95% 97% for all slabs 97% for all slabs

98.75% 98.75% 99.0% N/a 99% 99%

N/a For debt and equity funds- 1.25%

Administration ChargeRs. 60/- per month 1.25% of FV Rs. 50 per month Rs. 50 per month

0.10% per 1000 SA under the basic plan in each of the first 2 years. None N/A N/A

Level 1 FA Level 2 FA

1.46 1.44 1.61 1.48

2.57 2.39 2.73 2.54 FDNA FDNA

6.56 5.59 6.46 6.05

% of bid value of units % of the Policy Fund

30% 1% 100%

N/a

100% 100%

0% 0% 75% 90% 90%

0% 0% 60% 70% 70%

0% 0% 40% 60% 60%

0% 0% 0%50% & so on 50% & so on

5,000-9,000- 82% 10,000-19,000- 84% 20,000- 49,000- 85%

50,000 and above- 85.5%

25,000- 49,000- 95% 50,000- 99,000- 96% 1,00,000- 4,99,000- 96.40%

5,00,000 & above- 96.70%

Upto 35,999- 81%36,000 to 99,999-83%

1,00,000-4,99,999-85%5,00,000 & above-88%

<15000- 70% 15000-24999-72% 25000-49999-75%

>50000 - 77%

<15000- 70% 15000-24999-72% 25000-49999-75%

>50000 - 77%

For the same slabs as above, the rates are 90% for the 1st slab and

92% for the next 3 slabs.

For the same slabs as above, the rates are 90% for the 1st slab and


6th to 10th year- 98%11th year and thereafter-99%

Bond Fund- 1% p.a. Secured Fund- 1% p.a. Balanced Fund - 1.25% p.a.

Growth Fund - 1.5% p.a.

Maximiser-1.5%Balancer-1%

Protector-0.75%Preserver-0.75%

For debt and money market funds- 1.25%

Rs. 15 p.m. 1% per 1000 SA under the basic plan subject to a maximum of Rs. 1000 in each of the first 2 years.


COM/08/05-06/0375 21st January, 2005.


Four Four N/a N/a N/a

Rs. 100 Rs. 100/- N/a N/a N/a

Not Applicable FDNA N/a N/a N/a

Not Applicable FDNA N/a N/a N/a


COM/08/05-06/0375 21st January, 2005.

HDFC Allianz Bajaj

Invest Shield Gold Premier Life Life Link II Endowment-Unit Linked Unit Gain Unit Gain SP Unit Gain Plus

No No No No 5% 5% No

Limited Limited Single Regular Regular Single Regular

73.0% 30.0% 100.0% 76.0%

N/A 73.0% 98% N/A 97%

Same as Year 2 Same as Year 2 N/A 99% 99% N/A 97%

97% for all slabs & 1% thereafter N/A 99% 100% N/A 97%

99% 99% 99% 100% 100% 98%

For debt and equity funds- 1.25%

Administration ChargeRs. 50 per month Rs. 60 per month Rs. 20 per month Rs. 15/- per month 1.25% of FV 1.25% of FV

N/A N/A N/A None None None None

1.44 1.71 1.29 1.29 1.29

FDNA FDNA 2.39 1.40 2.26 2.26 2.26

5.59 3.50 5.77 5.77 5.77

% of the Policy Fund

100% 100% 5% 100%

90% 25% 4% 100%

70% 60% 3% 100%

60% 40% 0% 0%

50% & so on 100% 0%0%

<50000- 81% <500000- 85%

>=500000-88%

For a 3 yr term 60000-499999-87% >=500000-89% For a 5 & 7 yr term, 88% and

90% resp. for the same slabs.

50000-99999- 95% 100000-499999- 97%

500000 & above- 98%

For the same slabs as above, the rates are 92.5% for the 1st slab &


For a 3 yr term for the same slabs the rate is 96%

For a 5 & 7 yr term, the rate is 97%

For a 5 & 7 yr term, the rate is 98% for the 4th and 5th yr & 100%

therafter.

99% After 5 yrs- 100%

Maximiser- 1.5% Balancer- 1% Protector- 0.75%

Preserver- 0.75%

Maximiser- 1.5% Balancer- 1% Protector- 0.75%

Preserver- 0.75%

Liquid Fund- 0.8%Secure managed- 0.8%

Defensive Managed- 0.8%Balanced Managed- 0.8%

Equity 1% + 0.5%*Debt 1% + 0.1%*

Balanced 1%Cash 1%

*Transaction charge

Equity 1% + 0.5%*Equity Gain- 1.5%+0.5%

Debt 1% + 0.1%*Balanced 1%

Cash 1%*Transaction charge

Equity Plus- 1.5% + 0.5%* Equity Index- 1% + 0.5% Balanced- no specific charges Debt Plus- 0.7% + 0.1%

Cash Plus- 0.7% + 0.1%

Rs. 20 per month escalating at 5% p.a.

20% of the outstanding regular premiums due during the 3- years

period



0%(May charge 10% of the bid value in future)


COM/08/05-06/0375 21st January, 2005.


N/a Four Four Unlimited Three Three Three

N/a Rs. 100 per switch Rs. 100 per switch 0.0% 1% s.t. a min of Rs. 100/- 1% s.t. a min of Rs. 100/- 1% s.t. a min of Rs. 100/-

N/a N/a N/a FDNA Yes Yes Yes

N/a N/a N/a FDNA None None None


COM/08/05-06/0375 21st January, 2005.

Aviva

Unit Gain Plus SP* UnitGain Super UnitGain Premier SP FamilyGain Life Long Life Bond-5 Treasure Plus

No No No No 5% None 5%

Single Regular Single Regular Regular Limited pay(5) Regular

98.0% 105.0% 30.0% 100%

N/A 95% for all the above packs NA 97% 100%

N/A 95% for all the above packs NA 97% 100%

N/A Yr 4-5 -96% for all the above packs NA 97% 100%

Yr 6+- 98% for all the above packs NA 97%

98% 98% 100% 98% 101% 100% Not Applicable

Secure Fund- 1.5%

Administration ChargeNo fixed charge per month Rs. 59/- per month

None None None None None None None

1.29 1.74 1.74 1.74 FDNA FDNA FDNA

2.26 2.82 2.82 2.82 4.25 4.25 FDNA

5.77 6.53 6.53 6.53 FDNA FDNA FDNA

100% 100% 0%

25% 10% 0%

15% 8% 0%

10% 6% 0%

5% Yr 5 and 0% thereafter 0%

Silver- 88% Gold- 90%

Diamond- 92% Platinum- 93%

For premiums< 50,000 - 98%

50,000 to 99,999 - 99% 1,00,000 & above - 100%

These allocation % would decrease by 1% for each band of contribution for the

Quarterly & Monthly premium paying mode

Varies with the premium size & the premium paying frequency.

Equity Plus- 1.5% + 0.5%* Equity Index- 1% + 0.5% Balanced- no specific charges Debt Plus- 0.7% + 0.1%

Cash Plus- 0.7% + 0.1%

Equity Plus Fund- 1.5%+0.5% transaction charge

Equity Index Fund- 1%+0.5% transaction charge

Debt Plus Fund- 0.7% + 0.1% transaction charge

Balanced Fund- according to the proportion in the underlying funds.

2.25%. Fund admin charge of 1% p.a. of the net assets value of the

funds for first 5 yrs only. Transaction charge of 0.5% of the equity

investment and 0.1% of the debt investments.

Pure Equity Fund- 1.5%+0.5% transaction charge

Equity Index Fund- 1%+0.5% transaction charge

Debt Plus Fund- 0.7% + 0.1% transaction charge

Balanced Fund- according to the proportion in the underlying funds.

5% p.a. for two years1% p.a. on both initial units and

accumulation units.

5% per annum for first 5 years. 1.25% per annum on both initial units and

accumulation units.




Rs. 50 per month (Annual increase s.t. to a max. of 15% of the previous level of

charge)

Rs. 37/- per month and an additional management charge of 5% on the net

initial units of the policy.


If surrendered in the first 5 years the surrender charge would be 1-1/(1.05)n where n is the

outstanding premium paying term and fraction thereof I.e 5-elapsed

period

If surrendered in the first 5 years the surrender charge would be 1-1/(1.05)n

where n is the outstanding premium paying term and fraction thereof I.e 5-elapsed

period

On Surrende, different levels of early redemption charges will be deducted

depending upon balance term of the policy.

4% Yr 5, 2% in the 6th yr and 0% thereafter


COM/08/05-06/0375 21st January, 2005.


Three Three Three Three N/a One Not Applicable

1% s.t. a min of Rs. 100/- Rs. 100 per switch Rs. 100 per switch Rs. 100 per switch N/a 0.5% (s.t.a minimum of Rs. 100/- ) Not Applicable

Yes FDNA FDNA FDNA N/a FDNA Not Applicable

None FDNA FDNA FDNA N/a FDNA Not Applicable


COM/08/05-06/0375 21st January, 2005.

Aviva LIC MET LIFE OM KOTAK

Save Guard Freedom Life Bima Plus Met Ultimate Met Smart Kotak Safe Investment plan

5% 2% 5% N/a No Yes- 0.10% to 0.43%

Limited Pay Limited Pay Single Regular 10 years 20 years 10 years 20 years Regular

FDNA 95.0% 93% 91% 93% 93% 86%

N/a 95% 93% 91% 93% 93% 96.5%

95% 93% 91% 93% 93% 96.5%

99% 93% 91% 93% 93% 96.5%

2% in the last year

101% 101% for all the above premium amounts 98.5% 98.5% 96.5% 96.5% N/a

1.35%

Administration ChargeFDNA

None None Rs. 4 per 1000 SA for first yr only

0.15540 for age 35 0.1045 for age 25 FDNA N/a FDNA 1.42

0.35468 for age 45 0.1315 for age 35 FDNA N/a 2.38

0.97738 for age 55 0.3001 for age 45 FDNA N/a 5.53

% of the Policy Fund

4% 10% Not available N/A 100%

3% 6% 100%

2% 4.5% 100%

1% 3% 2.5%

0% 0% 2.5% (No SC after10th yr.)

Varies with the premium size & the premium paying frequency.

<1,00,000=100.5% >=1,00,000 and <3,00,000=101%

>=3,00,000 and <100,00,000=102% >=

100,00,000=103%

1.5% on all three funds namely Secure, Growth & Balanced.

1.0% p.a.on all three funds namely Secure, Growth & Balanced.

Risk Fund -1%Balanced Fund -1%Secured Fund -1%

Preserver-1.25% Protector-1.25% Moderator-1.5% Balancer-1.5% Accelerator-1.75% Multiplier-

1.75%

1. Money Market- 0.6%2. Gilt Fund- 1.0%

3. Balanced Fund- 1.3%4. Growth Fund- 1.5%

Rs. 42/- per month and an additional management charge of 5% on the net

initial units of the policy.

Rs. 60 p.m. reviewable from time to time in line with the WPI. After the PPT, this charge will reduce to 60% of the charge applicable

for premium paying policies. For paid up policies also this charge will reduce to 60% of that applicable for inforce policies during

the PPT.

Rs. 200/- per month in the first year. And Rs. 75/- per month thereafter.

Fixed Rs 200 p.m. in yr 1 & from yr 2 onwards Rs 75 p.m.

For annual Premiums Up to Rs. 20,000 - 7% & 4% (In the 1st & 2nd yr & onwards respectively)> 20,000- 3% & 2% (In the 1st & 2nd yr onwards respectively)

None but a 5% p.a. of initial units during the PPT or 20 yrs whichever is lower and nil

thereafter will be charged as initial management charges.

Charged for the first 10 years:Option A: Rs. 3.5/- per 1000 FAOption B: Rs. 5/- per 1000 FAOption C: Rs. 4/- per 1000 FA

Underwriting expense as per age in the 1st year (0.2 -0.6% of the FA)

An early redemption charge for all surrendered initial units. Surrender penalty

in case of top-up is 5%, 3% & 1% resp in yr1,2 & 3. No surrender penalty after three

years. Processing fee for withdrawals subject to a max of Rs. 200.

An early redemption charge for all surrendered initial units. Surrender penalty

in case of top-up is 5%, 3% & 1% resp in yr1,2 & 3. No surrender penalty after three

years. Processing fee for withdrawals subject to a max of Rs. 200.


COM/08/05-06/0375 21st January, 2005.


One Two N/a Unlimited

2.0% N/a None (There is a bid/offer spread)

Two times a year Two times a year N/a N/a N/a N/a

FDNA FDNA N/a N/a N/a N/a

None (2 switches during a policy term with a gap of atleast 2 yrs between

switches)

None(can switch anytime within 3 months)

0.5% of the amount switched subject to a minimum of Rs. 100.

0.5% of the amount switched subject to a minimum of Rs. 100.

Greater of Rs 400 or 0.05 to 0.08% of the amount switched


COM/08/05-06/0375 21st January, 2005.

Tata AIG

Kotak Safe Investment Plan II Kotak Flexi Plan Kotak Easy Growth Plan Kotak Privileged Assurance Plan Invest Assure

Yes- 0.10% to 0.43% Yes- 0.1% to 0.58% Yes- 0.1% to 0.43% No None

Regular/ Limited Limited Single Limited 30 years 20 years 15 years

86% Details Not Available 93%

96.5% For the same term slabs as above- 95.625% Details Not Available 97% 75% 75%

96.5% Same as yr 2 Details Not Available 97% 99%

96.5% Same as yr 2 Details Not Available NA 99%

97.50% 97.50% Details Not Available 98% Same as the regular premium allocation

Administration ChargeRs. 30 per month None Rs. 38/- per month (Would increase every year)

None None None

1.42 1.42 1.42 1.17

2.38 2.38 2.38 2.15

5.53 5.53 5.53 5.53

30 years 20 years 15 years

100% 100% Lock in period of 3 yrs 100% (% of Policy Fund)

100% 50% No Surrender Charges

100% 50% 50% to 35% 40% to 28%

2.5% 2.5% 2% of the value of units 30% to 18% 24% to 12%

2.5% (No SC after10th yr.) 2.5% & 0% thereafer 1% of the value of units 16% to 10% 8% to 2%

For a 3 yr term- 72% 5-7 yrs- 58% 10-14- 44%

15 & more- 35%

50% for ages 0 to

45

For ages:0 to 45-50% 46 to 54-50% (+ 2.5% for each age) Age 55 - 75%

For ages:0 to 45 - 60% 46 to 49 - 60% (+2.5% each age)Age 50 - 72.50% 51 to 54 - 72.5% (+1.5% each age) 55 - 80% 56-59-80%(+0.5%for each age) Age 60- 82.5%For ages:0 to 50 - 80%, 51 to 54 - 80% (+ 1% each age) 55 - 85%, 56 to 59 - 85% (+ 0.5% each age)

1. Money Market- 0.6%2. Gilt Fund- 1.0%

3. Balanced Fund- 1.3%4. Growth Fund- 1.5%

1. Money market- 0.6% 2. Gilt Fund- 1% 3. Floating Rate Fund- 1.2% 4.Bond Fund- 1.2% 5. Balanced Fund- 1.3% 6. Growth Fund- 1.5%

1. Gilt Fund- 1% 2. Bond Fund- 1.2% 3. Balanced Fund- 1.3% 4. Growth Fund- 1.5%

5. Aggressive Growth Fund-1.6%

Advantage India Fund, Advantage Multiplier Fund and Advantage Plus Fund - 1.25% and

1.75% as capital guarantee charge

Equity 1.75% + 0.35*Income 1.25% + 0.25*Liquid 0.90% + 0.18*Growth 1.60% + 0.32*

Balanced 1.40% + 0.28** Management Fee specified in their illustration.

For Annual Premiums Up to Rs. 20,000 - 7% & 4% (In the 1st & 2nd yr & onwards respectively)> 20,000- 3% & 2% (In the 1st & 2nd yr onwards respectively)

For Annual Premiums Up to Rs. 20,000 - 7% & 4% (In the 1st & 2nd yr & onwards respectively)> 20,000- 3% & 2% (In the 1st & 2nd yr onwards respectively)

Underwriting expense as per age in the 1st year (0.2 -0.6% of the FA)

Age 0-35 0.2% of SA Age 36-45- 0.3% Age 46-59-

0.4% Age 60+ - 0.6%


COM/08/05-06/0375 21st January, 2005.


Unlimited Unlimited Unlimited Two Four

None (There is a bid/offer spread) None (There is a bid/offer spread) None (There is a bid/offer spread) Rs. 500

N/a N/a N/a Allowed N/a

N/a N/a N/a Nil N/a

Rs.1000 + (0.5%, 0.4%, 0.3%, 0.25% and 0% of the FV transferred into Equity, Growth, Balanced, Income & Liquid respectively)


COM/08/05-06/0375 21st January, 2005.

MAX NEW YORK LIFE ING VYSYA SBI LIFE AMP SANMAR

Life Maker Freedom Future Perfect Horizon Kanaka Shree

5% No No No No

Regular Regular Regular Regular Regular/Single

0.75% of annual premium 55% of annual premium 85%

0.8% of annual premium 92.5% of annual premium 90%

1% of annual premium 92.5% of annual premium 90%

N/A 96% of annual premium N/a 95%

101% 99% 99% 99% 98%

0.90 to 1.25%

Rs. 15 per month Rs. 25 per month Rs. 25 per month Rs. 70 per month Rs. 40 per month

None None

1.46

FDNA FDNA FDNA 2.57 FDNA

6.55

One yr's premium 5% 5% 100% 100%

One yr's premium 2.50% 2.50% 10% 50%

One half yr's premium 2.50% 2.50% 5% 20%

Nil 2.50% 2.50% 1% 0%

Nil 2.5% & 1% thereafter 2.5% & 1% thereafter 1% 0%

<=30000- 55% 30000-50000-58.5%

>50000- 60%

For a 5-9 yr term, 90% 10-14 yr- 85%

15+ yr- 80%

<=30000- 92.5% 30000-50000-92.5%

>50000- 93.5%

For a 5-9 yr term, 95% 10-14 yr- 95%

15+ yr- 95%

<=30000- 96% 30000-50000-97%

>50000-97%

For a 5-9 yr term, 95% 10-14 yr- 95%

15+ yr- 95%

For a 5-9 yr term, 95% 10-14 yr- 95%

15+ yr- 95%

Debt Plan- 0.75% Secure Plan- 1%

Balanced Plan- 1.25% Growth Plan- 1.25%

Debt Plan- 0.75% Secure Plan- 1% Balanced Plan- 1.25%

Growth Plan- 1.25%

Equity Fund- 1.5% Bond Fund-1%

Money Market Fund- 0.25%

Capital Secure- 1.5% Balanced- 1.5% Growth- 1.75%

Equity- 1.75%

0.15% to 0.25% depending on plan tenor.

Rs. 700 fixed & Rs. 50 per lakh of SA or part thereof

Rs. 700 fixed & Rs. 50 per lakh of SA or part thereof


COM/08/05-06/0375 21st January, 2005.

Two Two Two Not Allowed One

N/A 0.1% subject to a minimum of Rs. 100 0.1% subject to a minimum of Rs. 100 Not Applicable 1% subject to a min. of Rs 100

Yes N/a N/a N/a Yes

Nil N/a N/a N/a No


COM/08/05-06/0375 February 7, 2005

TERM MORTGAGE PRODUCTS IN THE MARKETNon-Participating Mortgage reducing term Assurance

COMPANY AMP SANMAR ALLIANZ BAJAJ HDFC LIC MET LIFE

Product Vanishree Vanishree Plus Loan Protector Loan Cover Term Assurance Mortgage Redemption Plan Met Mortgage Protector

Features

Entry Age (min/max) 21/55 (21/60 for SP) 21/55 (21/60 for SP) 20/55 18/55(60 yrs for single pay) 20/50 18/60

Max Age at maturity 65 65 65 65 65 65

Term (Min) 5 years(SP) 10 years (RP) 2 years(SP) 5 years (RP) 10 years FDNA 5 years

Term (Max) 15 years(SP) 30 years (RP) 30 years To age 60 FDNA 25 years

Premium Paying Term FDNA FDNA

Face Amount (Min/Max) FDNA FDNA 2,00,000/No limit FDNA 50,000/10,00,000 50,000/ No Limit

Mode of Payment

Benefits:Death Benefit

Refund of Premium No No No No

Additional Benefits None None Critical Illness (Accelerated) None None

Tax Benefits Section 88 Section 88 Section 88 Section 88 Section 88

Comments Can only be taken on male life.

Features not provided by the companies in India:

The option to cover the monthly mortgage repayments should the policy holder be out of work because of an accident or critical illness for more than a specified period and would be paid for a maximum of certain specific time period.

5 years(SP) 10 years (RP)15 years(SP) 30 years (RP) For 2/3rd of the term or

One time paymentFor 2/3rd of the term For 2/3rd of the term For 2/3rd of the term

(Regular pay) or One time payment

Yrly, hlf-yrly, Qrtrly, Mthly or Single pay



Yrly, hlf-yrly, Qrtrly or single pay

Yrly, hlf-yrly, Qrtrly, Mthly (Salary saving scheme)


Outstanding loan at the beginning of the

financial yr paid as per the prepared schedule.

Outstanding loan at the beginning of the financial yr

paid as per the prepared schedule

Outstanding loan at the beginning of the financial

yr paid as per the prepared schedule.

Outstanding loan at the beginning of the financial yr

paid as per the prepared schedule.

Outstanding loan at the beginning of the financial yr paid

as per the prepared schedule.

Outstanding loan at the beginning of the financial

yr paid as per the prepared schedule.

ROP at maturity (excluding rider & extra premiums)

In the event of prepayment of the loan

specified % of SP (guaranteed) is paid.1. Accident Benefit (TPD &

WOP)Section 88 & Section 10 (10

D)1. In case of TPD, 1/10th of the FA is paid annually for 10 years and premiums are waived s.t. max. of Rs. 40,000/-2. Riders are not available with SP plan

No refund even in case of a single pay in case of pre-

payment

Can be taken on joint life (First claim)

Option to increase the mortgage later during the term. The legal and general Assurance Society Limited incorporates such a feature where it gives an option to the policy holder to increase the cover


COM/08/05-06/0375 February 7, 2005

The option to cover the monthly mortgage repayments should the policy holder be out of work because of an accident or critical illness for more than a specified period and would be paid for a maximum of certain specific time period.

Prepared By Product DevelopmentBirla Sun Life Insurance

Women's productCOM/08/05-06/0375

February 7, 2005

WOMENS POLICIESCompany BSLI LICProduct Woman First Jeevan BhartiFEATURESMin Entry Age 20 years 18Max Entry age 45 years 50Age at maturity 55 70Min SA 1,00,000 50,000Max SA 2,50,000/- 2500000Terms 20 years 15 & 20

Premium paying Term20 years Same as policy term

Premium paying FrequenYearly

BENEFITS

On Death Face Amount + Policy Fund

On Survival

On Maturity

Special Benefits

Policy Loan Available Not Available (Housing Loan available)Surrender Value

Tax Benefits Under Sec10(10D) & Sec 88Comments

Yearly, half-yearly, Quarterly & Monthly

FA+ GA(@50/1000 for first 5 yrs) + Bonus

20% of the Face Amount every five years. Withdrawals allowed after three policy years.

20% of FA at the end of every five year, balance at maturity + GA + Bonus

Policy Fund. Min guarantee of 3% net of policy fees &

Charges

FA less the survival benefits paid + GA + Bonus

Critical Illness benefit including women specific

illnesses, Congenital Disability Benefit,

Pregnancy complications & Accidental death &

dismemberment Benefit

**Female Critical Illness, *Congenital Disability Benefit, Double Accident

Benefit

Policy fund less the surrender charges. No

surrender charge after 4 years

Policy can be surrendered for cash if it has been in force for atleast 3 years

Under Sec10(10D) & Sec High liquidity, Low

surrender charges, only plan to cover pregnancy

complications, Transparent and flexible

Free insurance cover for 3 yrs if 3 yrs prem paid, Large SA rebate, Option to encash survival benefits as and when needed, Prem can be paid in advance,

prem rebate of 4% per annum, can avail maturity benefits as annuity*The list of Congenital disabilities : Downs syndrome ; Spina Bifida ; Tetralogy of fallot ;

Oesophageal Atresia & Tracheo-oesaphageal Fistula ; Anal Atresia ; Imperforate anus ; Cleft Palate with or without Cleft Lip. **List of female critical illnesses covered Breast Cancer ; Ovarian/Fallopian Tube Cancer ; Cervical Cancer ; Uterine Cancer ; Vaginal / Vulval Cancer) for female CI

Abbreviations used in the sheets

SA Sum AssuredFA Face AmountPF Policy FundFV Fund ValueSV Surrender ValueFDNA Further Data Not AvailableN/a Not Applicable or Not allowedGA Guaranteed AdditionsSP Single PayRP Regular PayPFV Policy Fund ValueROP Return of PremiumWOP Waiver of PremiumCI Critical IllnessHCB Hospital Cash BenefitFIB Family Income Benefit

Kindly note that the sources of information for the data available in these sheets are:

Product Brochures, Websites, Call centres, and

Documents

Products Comparison