Unit Linked Pension Plans Final

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    05-Apr-2018

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<ul><li><p>7/31/2019 Unit Linked Pension Plans Final</p><p> 1/16</p><p>1</p><p>Unit Linked Pension Plan</p><p>Your driver to peaceful retirement days ahead</p></li><li><p>7/31/2019 Unit Linked Pension Plans Final</p><p> 2/16</p><p>2</p><p>Unit Linked Pension Plans</p><p>UNIT PLUS II PENSION</p></li><li><p>7/31/2019 Unit Linked Pension Plans Final</p><p> 3/16</p><p>3</p><p>UNIT PLUS II PENSION: Key Features</p><p>Entry Age Min: 18 yrs</p><p>Max: 65 yrs in Option 1 (as on last birthday)</p><p>: 60 yrs in Option 2 (as on last birthday)</p><p>Term 5 to 52 years</p><p>Vesting Age 50 to 70 years (as on last birthday)</p><p>Premium Mode Monthly / Quarterly / Half Yearly &amp; Yearly</p><p>Single Premium available</p><p>Premium Amt Regular Premium Single Premium</p><p>Min: Rs. 24,000 p.a. (x 100)</p><p>Max: No Limit</p><p>Rs. 25,000 (X1,000)</p><p>Max: No Limit</p></li><li><p>7/31/2019 Unit Linked Pension Plans Final</p><p> 4/16</p><p>4</p><p>UNIT PLUS II PENSION: Key Features</p><p>2 Options 1. Pure pension</p><p>2. With Life cover</p><p>Sum Assured</p><p>(In case of Option 2)</p><p>18 35 : 5 or 10 times the 1st annualised</p><p>premium (RP)</p><p>125% of SP (SP)</p><p>(max SA capped at Rs. 10 Lacs )36 45 : 5 or 10 times the 1st annualised</p><p>premium (RP)</p><p>125% of SP (SP)</p><p>(max SA capped at Rs. 5 Lacs )</p><p>46 60: Rs 1.2 lacs (RP)</p><p>125% of SP (Max Rs. 1.2 Lacs)Top Ups</p><p>Anytime, if no arrears are due in regular</p><p>premium</p><p>(No impact on life cover in case of option 2)</p><p>Min: Rs. 5,000</p><p>Max: No Limit</p></li><li><p>7/31/2019 Unit Linked Pension Plans Final</p><p> 5/16</p><p>5</p><p>Fund options</p><p>For Both Regular &amp; Single Premium Investments,4 Fund options available</p><p>2 Pure</p><p>Funds</p><p>2 Diversifiedfund</p><p>Equity</p><p>Pension Fund</p><p>Bond Pension</p><p>Fund</p><p>Balanced Pension</p><p>Fund</p><p>Growth Pension</p><p>Fund</p><p>Choice of Asset Allocation in 4 different funds</p><p>gives greater control to the customerto manage his investment</p></li><li><p>7/31/2019 Unit Linked Pension Plans Final</p><p> 6/16</p></li><li><p>7/31/2019 Unit Linked Pension Plans Final</p><p> 7/16</p><p>7</p><p>Diversified Funds</p><p>Growth Pension fund</p><p>To provide long term capital appreciation throughinvestment primarily in equity and equity relatedinstruments.</p><p>Balanced Pension Fund</p><p> To provide accumulation of income through investment invarious fixed income securities and maintain a suitable</p><p>balance between return, safety and liquidity</p><p>Assets of Growth Pension fund Minimum Maximum Risk Profile</p><p>Equity &amp; equity related</p><p>instruments40% 100% Medium</p><p>To</p><p>HighDebt and money market</p><p>instrumentsNil 60%</p><p>Assets of Balanced Pension fund Minimum Maximum Risk Profile</p><p>Equity &amp; equity related</p><p>instruments40% 60%</p><p>MediumDebt and money market</p><p>instruments 40% 60%</p></li><li><p>7/31/2019 Unit Linked Pension Plans Final</p><p> 8/16</p><p>8</p><p>Flexibility: Change in vesting age</p><p>1. The policy holder must have attained the age of 50 yrs</p><p>2. It must be within permissible limits i.e. 50-70 yrs</p><p>3. This option can be used only twice during the policy term</p><p>Change in Vesting age,</p><p>(both preponement and postponement)</p><p>is allowed from the 5th policy year onwards,</p><p>subject to the following:</p></li><li><p>7/31/2019 Unit Linked Pension Plans Final</p><p> 9/16</p><p>9</p><p>Policy Benefits</p><p> Death during the term:</p><p>Pure Pension Plan : Fund Value</p><p>Pension cum Life Cover Plan : Max (Fund value or SA)</p><p>Survival at vesting age :</p><p>On vesting, up to one third of the Fund Value</p><p>in a lump sum tax-free as per the current tax law.</p><p>Balance amount has to be used to purchaseannuity from SBI Life or any other annuity provider.</p></li><li><p>7/31/2019 Unit Linked Pension Plans Final</p><p> 10/16</p><p>10</p><p>Guaranteed Additions</p><p> Additional Guaranteed Investments credited to your Policy</p><p>provided there is no unpaid premium.</p><p> Its given by way ofadditional allocation of units</p><p> Available only with a term ofat least 20 years</p><p>At the endof year</p><p>Guaranteed Additionby way of free allocation of Units.</p><p>Year 10 10% of the avg AP (RP)/1%of SP</p><p>Year 15 20% of the avg AP (RP)/2%of SP</p><p>Year 20 30% of the avg AP (RP)/5%of SP</p></li><li><p>7/31/2019 Unit Linked Pension Plans Final</p><p> 11/16</p><p>11</p><p>Additional Cover 2 Riders</p><p>Available for both Single and Regular premium Plans</p><p> Riders have to be opted at entry time only.</p><p> Riders are available only for Pension Cum Life Cover option.</p><p>Accidental Death &amp;Total Permanent Disability Rider</p><p>Critical IllnessRider</p><p>Rider premium is deducted by cancellation of Units on the 1st business day</p><p>of each policy month, irrespective of the frequency mode selected.</p>http://images.google.co.in/imgres?imgurl=http://www.rollanet.org/~chalosi/Handicapped.gif&amp;imgrefurl=http://www.rollanet.org/~chalosi/StJohn.html&amp;h=216&amp;w=216&amp;sz=3&amp;tbnid=xatg_PG1ZLwzXM:&amp;tbnh=101&amp;tbnw=101&amp;hl=en&amp;start=2&amp;prev=/images%3Fq%3Dhandicapped%26svnum%3D10%26hl%3Den%26lr%3D%26sa%3DG</li><li><p>7/31/2019 Unit Linked Pension Plans Final</p><p> 12/16</p><p>12</p><p>UNIT PLUS II PENSION: Highlights</p><p> Guaranteed addition by the way of free allocation of</p><p>units to increase your retirement kitty.</p><p> No limit on top up premium.</p><p> Flexibility to increase regular premiums.</p><p> Flexibility to prepone / postpone vesting age</p></li><li><p>7/31/2019 Unit Linked Pension Plans Final</p><p> 13/16</p><p>13</p><p>Tax Benefits in a Pension Plan</p><p>At entry, tax deduction u/s 80 CCC within theoverall limit up to Rs 1 lakh u/s 80 C is available</p><p> The difference is that u/s 80 CCC (for PensionPlans) the rule of 20% i.e. the annual premium mustnot exceed 20% of the sum assured, is notapplicable, whereas in the life insurance policies,</p><p>while Rs 1 lakh is deductible u/s 80 C, the rule of20% is applicable</p><p> At vesting age, up to 33% of the FV can bewithdrawn, tax free. The rest has to be used topurchase annuities</p><p>The annuities received is taxable as income in thetax bracket as applicable</p><p> Surrender value is taxable</p></li><li><p>7/31/2019 Unit Linked Pension Plans Final</p><p> 14/16</p><p>14</p><p>Annuity options available at the vesting age (50 to 70)</p><p>Lifetime annuity</p><p>Guaranteedpension</p><p>for the entire Life</p><p>IncreasingLifetime annuity</p><p>(say @1 / 2 / 3%</p><p>p.a.)</p><p>Protection against</p><p>inflation</p><p>Joint Lifetimeannuity</p><p>(husband / wife)Life time annuityfor Survivor50% or 100%of last annuity</p><p>Annuity for Lifewith</p><p>guaranteed</p><p>period of</p><p>5 /10/15</p><p>years</p><p>Purchase of Annuity4 Main Options</p><p>Option 1 available with refund of balance purchase priceor refund of full purchase price</p></li><li><p>7/31/2019 Unit Linked Pension Plans Final</p><p> 15/16</p><p>15</p><p>CONTACT</p><p>Mr. Shahnawaz Ansari</p><p>Business Development Manager</p><p>SBI Life Insurance Co. Ltd</p><p>+91 9752502502</p><p>Mr. S.K NayakBranch Manager</p><p>State Bank of India</p><p>Vidhyanagar Branch</p><p>+91 9425883725</p></li><li><p>7/31/2019 Unit Linked Pension Plans Final</p><p> 16/16</p><p>16</p><p>Thanks &amp; Regards</p></li></ul>