TITILE

COMPARITIVE ANALYSIS OF ULIP PLANS WITH REFERENCE TO (IDBI FORTIS AND HDFC STANDARD LIFE INSURANCE)

PREFACE

Risk and uncertainties are part of lifes great adventure; Accidents, Illness, Theft & Natural Calamities they all are pillars of this world. To overcome these risks and mishaps this project describes the policies and schemes of IDBI FORTIS and HDFC STANDRAD Life Insurance Companies. The way these companies provide different benefits to the policyholder. Insurance is Cooperative venture where risk and uncertainties are shared by many. Now days a lot is being done to create awareness among the Insuring Public about the Importance of Insurance in life. In this direction IRDA has planned to create awareness through Electronic and Print media. A study of Life Insurance describes the meaning of various policies, comparison and analysis and changing market scenario.

CONTENTS 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 11 12 13 14 15 16 PREFACE ACKNOWLEDGEMENT INTRODUCTION TO THE COMPANY INTRODUCTION TO THE INDUSTRY OPERATIONALIZATION OF CONCEPT SCOPE OF STUDY OBJECTIVES OF THE STUDY COMPANYS ULIP PLANS CURRENT SCENARIO OF INDUSTRY RESEARCH METHODOLOGY COMPARSION OF ULIP PLANS DATA ANALYSIS AND INTERPRETATION FACTS AND FINDINGS CONCLUSION & RECOMMENDATIONS BIBLIOGRAPHY ANNEXURE

PAGES

17. QUESTIONNAIRE

Acknowledgement

If words are considered as symbol of Approval and Taken of appreciation then let the words play the heralding role of expressing my sincere gratitude and thanks.Any accomplishment requires the effort of many people and this work is no different. I am indebted to MR. SATISH AND MR. RAJESH (Sales Manager, IDBI FORTIS Life Insurance, DELHI) and collage guide MR. ASIM SAHORE but for whose guidance and patience I would have not been able to accomplish this task. I also have a great thanks to him for providing me an opportunity to go through summer training, and providing me this golden opportunity to be a part of the said esteemed company and letting me work on this project. I also owe a great thanks to all the staff members of NETAJI SUBHASH PLACE of IDBI FORTIS Life Insurance, who helped me in the best possible way to complete this summer training and this report

SAHIL KOCHHAR

IDBI Fortis Life Insurance Co Ltd, is a joint venture between three leading financial conglomerates Indias premier development and commercial bank, IDBI, Indias leading private sector bank, Federal Bank and Europes premier Bancassurer, Fortis, each of which enjoys a significant status in their respective business segments. In this venture, IDBI owns 48% equity while Federal Bank and Fortis own 26% equity each. IDBI Fortis launched its first set of products across India in March 2008, after receiving the requisite approvals from the Insurance Regulatory Development Authority (IRDA). Today, we offer our services through a vast nationwide network across the branches of IDBI Bank and Federal Bank in addition to a sizeable network of advisors and partners. At IDBI Fortis we endeavor to deliver products that provide value and convenience to the customer. Through a continuous process of innovation in product and service delivery we intend to deliver world-class wealth management, protection and retirement solutions to Indian customers. IDBI Fortis Life Insurance Co. Ltd is a joint venture of IDBI Bank, Federal Bank (India) and Fortis Insurance International. The Certificate of Registration has been issued by the Insurance regulator IRDA.

Insurance Company on 19th December 2007. According to the agreement, IDBI will have a 48per cent stake in the venture, while Fortis and Federal Bank would have 26-per cent stake each. While IDBI and Federal Bank are major Indian banks, Fortis has the expertise of bancasurance across global markets. It is one of the best names in the insurance business in Europe and has successful joint ventures in various Asian countries. IDBI Fortis Life Insurance has become 18th life insurer in India. Founded in 1956, IDBI Ltd. is Indias premier industrial development bank. Today, it is amongst Indias most famous commercial banks which provide a wide range of innovative products and services. IDBI Bank has around 490 branches and more than 600 ATMs all over India. IDBI is a also a part of development activities, as it has been instrumental in sponsoring the development of key institutions involved in Indias financial sector, such as, the Securities and Exchange Board of India (SEBI), National Stock Exchange of India Limited (NSE) and National Securities Depository Ltd (NSDL).

About their Heritage

IDBI Bank Ltd. continues to be, since its inception, Indias premier industrial development bank. Created in 1956 to support Indias industrial backbone, IDBI Bank has since evolved into a powerhouse of industrial and retail finance. Today, it is amongst Indias foremost commercial

banks, with a wide range of innovative products and services, serving retail and corporate customers in all corners of the country from over 538 branches and more than 921 ATMs. The Bank offers its customers an extensive range of diversified services including project financing, term lending, working capital facilities, lease finance, venture capital, loan syndication, corporate advisory services and legal and technical advisory services to its corporate clients as well as mortgages and personal loans to its retail clients. As part of its development activities, IDBI Bank has been instrumental in sponsoring the development of key institutions involved in Indias financial sector such as the Securities and Exchange Board of India (SEBI), National Stock Exchange of India Limited (NSE) and National Securities Depository Ltd.

Federal Bank is one of Indias leading private sector banks, with a dominant presence in the state of Kerala. It has a strong network of over 600 branches and 600 ATMs spread across India. The bank provides over four million retail customers with a wide variety of financial products. Federal Bank is one of the first large Indian banks to have an entirely automated and interconnected branch network. The Bank operates on the core banking platform and is RTGS/ NEFT enabled through which it offers state-of-the-art technology enabled products and services. In addition to interconnected branches and ATMs, the Bank has a wide range of services like Internet Banking, Mobile Banking, Tele Banking, Any Where Banking, debit cards, online bill payment and call centre facilities to offer round the clock banking convenience to its customers. The Bank has been a pioneer in providing innovative technological solutions to its customers and the Bank has won several awards and recommendations.

Federal Bank is one of Indias leading private sector banks. It has a wide spread network in India, but its dominant presence can be seen in the state of Kerala. Federal Bank is one of the first large Indian banks, having an entirely automated and interconnected branch network. The Bank also provide a wide range of services, such as, internet banking, mobile banking, tele

banking, any where banking, debit cards, co-branded credit cards, online bill payment and call centre facilities to offer complete banking convenience to its customers. Fortis is a European financial services provider which is engaged in banking and insurance. It has its presence in over 50 countries. Fortis offers a comprehensive package of products and services in collaboration with intermediaries and through other distribution partners. Fortis is counted among the 20 largest financial institutions in Europe. IDBI Bank, Federal Bank and Fortis Insurance International with their expertise, now came together to provide the insurance benefits to the customers in India. Below are the few insurance policies which are provided by IDBI Fortis Life Insurance Co. Ltd.

Fortis is an international insurance group composed of Insurance Belgium, a leader in life and non-life insurance in Belgium distributing its insurance products through the network of Fortis Bank and independent insurance brokers and Insurance International with subsidiaries in the UK, France, Hong Kong, Luxembourg (Non-life), Germany, Turkey, Russia and Ukraine, and joint ventures in Luxembourg (Life), Portugal, China, Malaysia, Thailand and India.

HIERARCHY AND VARIOUS DEPARTMENTS

IDBI has various departments in following states and cities of India like DELHI (NCR), MUMBAI, CHANDIGARH , RAJASTHAN , KERALA ETC.

The various departments are having various sub sections and managers working under each departments starting from branch manager agency manager , assistant manager , sale manager, sr. sale manager , sr. executive manager, relationship manager who is working with all the functional managers of the branches. The recruitment of the managers of the right position is depends upon the work experience gain by the them while working in the position and on the basis of this they are recruited. The work experience gain helped them to be recruited in higher positions.

FOR EXAMPLE- A person having work experience of 1-4 years is eligible for post of sale manager similarly on the basis of tenure of work experience the different posts are available to the applicants.

- PRODUCTS PROFILE.

1) WealthsuranceTM: Insured Wealth Plans to grow wealth under a protective cover.

Wealthsurance offers you Insured Wealth Plans. They allow you to create, build and manage wealth by giving several choices and great flexibility so that your plan meets your specific needs. You can decide how you wish to save so that it suits your savings habit. You can choose how your money is invested so that you can grow wealth as per your investment preferences. What is even better, Wealthsurance protects your wealth plans with insurance benefits so that your

wealth-building efforts remain unaffected in unforeseen events and your financial goals can still be achieved.

What is Wealthsurance ?

Wealthsurance combines wealth creation and insurance protection into one powerful financial solution. Unlike other investment alternatives, it allows you to ensure that your goals of wealth creation are achieved even in the event of serious illness, accidents, disablement or death.

Wealthsurance is for those who will live-

Life insurance is sometimes thought of as for those who might die, but Wealthsurance is for those who will live. Usually life insurance products provide benefits upon death

2) HomesuranceTM Protection Plan? Homesurance Protection Plan* is a mortgage reducing term assurance plan, which provides insurance cover equal to the outstanding balance of your home loan. In the unfortunate event of death of the home loan borrower, the insurance cover enables repayment of the home loan liability so that it does not become a burden to the family.

3) IDBI Fortis HomesuranceTM Plan?

Homesurance is a mortgage reducing term plan which offers protection to your home from your home loan. The Plan provides a cover equal to the outstanding balance#1 of your home loan against any unfortunate events that may occur to you.

4) IDBI Fortis bondsurance TM Plan?

BondsuranceTM: Get guaranteed return on your investment, life insurance cover and tax benefits . Bondsurance is a single premium plan where you need to make a one-time investment. You can choose a maturity period of 5 or 10 years. At the end of the chosen period, you will receive a

guaranteed maturity amount. In case of death before the maturity date, a Death Benefit which is also guaranteed will be paid. Thus you can get life insurance cover while earning an assured return on your investment. The premium you pay is eligible for deduction of tax under Sec 80C of the Income Tax Act. Also, the Maturity Benefit and the Death Benefit are tax-free under Sec 10(10D) of the Income Tax Act. 5) IDBI Fortis Termsurance Grameen Suraksha

IDBI Fortis Termsurance Grameen Suraksha is a low-cost, simple term individual insurance plan targeted at the rural population. It is an ideal plan to protect your family members in the event of unfortunate demise of the major income earner.

The key features of Termsurance Grameen Suraksha:

Premium: You can choose a fixed single premium of Rs 49.08, Rs 98.17, Rs 147.25 or Rs 196.33 according to your budget. Eligibility: This plan is available for men and women from age 18 up to age 50. Term: This plan has a fixed term of three years. Death Benefit: In the event of unfortunate death of the insured person during the policy term, we will pay a death benefit of Rs 5,000, Rs 10,000, Rs 15,000 or Rs 20,000 depending on the single premium paid. Suicide Exclusion: We will not pay any death benefit if the insured person commits suicide within 12 months from the commencement date of the policy. Maturity Benefit: This is a pure term insurance plan and this plan has no maturity benefit. Surrender Benefit: This plan has no surrender benefit.

Loan: This plan has no loan facility. nomination At any time before the expiry of the policy, you may nominate a person to whom we will pay the death benefit. If the nominee is a minor, you need to appoint a person to hold the benefit until the nominees 18th birthday. Free Look Period: You are entitled to a free look period for 15 days from the day you receive this policy. If before the end of this time you do not wish to continue this policy, then you may request us in writing to cancel the policy. We will refund the premium paid by you after deducting a proportionate risk premium for the insurance cover we provided to you during that time. We will also deduct any medical examination costs and stamp duty charges incurred by us in respect of your policy. Tax Benefits: Premiums paid are eligible for tax benefits under Section 80C and death benefit is tax-free under Section 10(10D) of the Income Tax Act, 1956.

6) IDBI Fortis Termsurance Grameen Suraksha

Vacation to a tropical island, pursuing your hobby or flying abroad to be with your family and friends. Whatever may be your idea of having a good time, the one thing common to all, is that it requires money.

The earlier generations may not have had a formal retirement plan, but they had relatively fewer consumption needs. It was rare to find people who had shifted through several jobs in the course of an active career. As a result, pensions and gratuities issued by their employers were deemed sufficient. Times have changed now, and in most contemporary industries, few employers provide for a lifelong pension. This is coupled with the high incidence of lifestyle diseases like diabetes, blood pressure and heart problems. The improved medical technology has increased longevity, but along with it the cost of healthcare has increased manifold. Thus managing finances during retirement would be extremely tough, if one hasnt planned for retirement. The best way to enjoy the good times in your golden years would be, to build your finances in advance for retirement. IDBI Fortis RetiresuranceTM Pension Plan is an effective instrument that will help you achieve this objective. It not only allows you to conveniently save for the golden years but also offers you a wide choice of investment options to grow and multiply your wealth. The Plan is extremely flexible and offers several choices so as to suit your savings habit and investment risk preferences. The IDBI Fortis RetiresuranceTM Pension Plan can thus be your ideal investment partner in ensuring a happy retirement.

7) IDBI Fortis IncomesuranceTM Immediate Annuity ne of

the best financial decisions that you can take today is to

plan for adequate income after retirement. The three key concerns during your golden years will be increasing healthcare cost, higher life expectancy and rising prices. All you need is a steady flow of income which can take care of

all your concerns. Presenting the IDBI Fortis IncomesuranceTMImmediate Annuity which gives you guaranteed incomethroughout your life. Key features of IDBI Fortis IncomesuranceTM Immediate Annuity Three annuity options to choose from Regular income commences as early as age 20 years Choose your annuity payment modes monthly, quarterly, half-yearly, or yearly Your annuity payments are credited directly to your bank account.

IDBI Fortis InsuranceBasket is designed to offer

Protection for wealth plans so that your wealth-building efforts are unaffected by unforeseen events . Protection of loan liabilities so that debt does not become a burden when life throws surprises. A whole package of Living Benefits so that you are well cared for in the event of health crises, accidents or disablement.

- FUTURE PLANS.

IDBI Fortis announces Rs 250cr capital infusion

Continues its aggressive growth as one of Indias fastest growing life insurance companies Network expansion to target 100 branches.

Giving a boost to its business expansion plans, IDBI Fortis Life Insurance has announced a capital infusion of Rs 250 cr from its shareholders as per their share holding pattern. IDBI Fortis launched its operations in March 2008 with an initial capital of Rs 200 cr leading with their innovative product, WealthsuranceTM, which has been its flagship product helping it race to over Rs. 2000 Cr of Sum Assured with over Rs 250 Cr of First Year Annual Premiums and over 62,000 policies issued in record time. The company is targeting a network expansion drive to set up 100 branches across the country. In addition, IDBI Fortis also sells its products through the more than 1100 branches of its shareholder banks, IDBI and Federal Bank. IDBI Fortis Life Insurance Co Ltd is a joint-venture of IDBI Bank, Indias premier development and commercial bank, Federal Bank, one of Indias leading private sector banks and Fortis Insurance International, a multinational insurance giant based out of Europe. IDBI Bank owns 48% equity while Federal Bank and Fortis own 26% equity each. Visit www.idbifortis.com to know more. IDBI Fortis has managed to launch an array of innovative products from its stable. Its flagship product, WealthsuranceTM Foundation Plan is a unique combination that is termed as an Insured Wealth Plan that aims to provide people a growing wealth plan protected by the benefits of insurance. With comprehensive investment choices, protected by powerful insurance options, all presented with a reasonable charge structure, Wealthsurance is a one-stop solution to a customers wealth buildingplans. The product is designed to ensure that the hard-earned money that is invested is not susceptible to unforeseen circumstances. WealthsuranceTM offers investment choices such as Guaranteed Return Fund, Capital Guaranteed Fund, Monthly Interest Account, Equity Funds, Debt Funds, Asset Allocator Funds etc. ensuring that the customer would find all his investment requirements satisfied with this one powerful product. The powerful insurance benefits of WealthsuranceTM ensure that a customers wealth plan is not affected by unforeseen events that may strike them. With the recent popularity for guaranteed return products, the company launched a unique product, BondsuranceTM that offers tax-free assured returns with life cover. With the innovative

HomesuranceTM Protection Plan, customers can now cover the changing liability that comes with a typical floating rate home loan, along with an optional cover where they can pay off the home loan even in the unfortunate event of any major disease or other unforeseen circumstances. The branch expansion drive is going on in full swing and we already have over 30 branches up and running in various states, said Mr G.V. Nageswara Rao, MD and CEO, IDBI Fortis Life Insurance. The fresh capital infusion will also help IDBI Fortis in meeting the solvency requirements and expanding operations due to increased sales besides launching new products and branches.

IDBI Fortis Life Insurance Intends To Open 100 Branches Across Country. IDBI Fortis Life Insurance has informed that the company will shortly open 24 branches, including six in Tamil Nadu, to expand its footprints in the southern region. The company, a joint venture of IDBI, Federal Bank and Fortis, Europe's banking and insurance firm, has launched its operations in March, this fiscal. Under its proposed expansion plan, the firm intends to open 100 branches across the country in coming months. Recently, the company has collected a premium of over Rs 100 crore within a record time of five months, since its inception, demonstrating to be the fastest growing new life insurance company in the private sector.0

IDBI Fortis to expand network

Launches guaranteed return scheme offering 7% compound interest IDBI Fortis Life Insurance is going to expand it network by opening new branches across the country and also has plans to launch products for pension and child insurance. On Friday, the company has launched guaranteed return product, 'Bondsurance' in Gujarat. The single premium plan is available with maturity option of 5 year and 10 year and eligible for deduction under Sec 80 C of the income tax act and maturity amount also tax-free under Sec 10 (10D) of the act. The plan offers 7.2% compound interest. If any investor in the age group of 832 years invests Rs1 lakh in the plan with maturity of 10 years, he will get Rs2.03 on maturity. The plan also covers the life of insured to the tune of 5 times of the single premium. With a one time minimum investment of just Rs20,000, 'Bondsurance' is crafted for those looking for attractive guaranteed returns with promise of insurance protection, said MD & CEO, IDBI Fortis Life, G V Nargeswara Rao. In the current fiscal, the company has collected premiums of around Rs200 crore with sum assured close to Rs2,000 crore through 50 thousand policies. The company intends to increase number of its branches to 100 from 31 currently. Commenting on the product, Amish Tripathi, national head-marketing & product management, IDBI Fortis Life said, With immense volatility and continuing downturn in the stock markets, customers wanted product, which offers security of the capital along with appreciation. SWOT ANALYSIS OF IDBI

STRENGTH

IDBI FORTIS is the new private player in the insurance industry in india. IDBI fortis offering ULIP plan WEAlTHINSURANCE. Good place to work Lower response time with efficient and effective service. Dedicated workforce aiming at making a long-term career in the field. Strong and well spread network of qualified inter-mediaries and sale person.

Large pool of technicall y skilled manpower with in depth knowledge and understanding of the market

WEAKNESSES

Some gaps in range for certain sectors. Less popularity of IDBI FORTIS in villages as well as in urban area due to the reason that its relatively new in the market .

Processes and systems, etc Most of the people have faith on LIC as it is the oldest running Govt. Organization. Sectoral staff. growth is constrained by low unemployment levels and competition for

Low customer confidence on the private players.

Opportunities

Insurable population : According to IRDA only 10% of the population is insured which represent around 30% of the insurable population. This suggests more than 300m people, with the potential to buy insurance, remain uninsured.

International companies will help in building world class expertise in local market by introducing the best global practice. The IDBI FORTIS group is going to open 100 branches from existing 33 of IDBI FORTIS

Fast-track career development opportunities on an industry-wide basis. An applied research centre to create opportunities for developing techniques to provide added-value services.

Threats

Big public sector insurance companies like Lif e Insurance Corporation (L IC) of India, National Insurance Company Limited, Oriental Insurance Limited, New India Assurance Company Limited and United India Insurance Company Limited. People trust and go to them more.

Very high competition prevailing in the industry. Vulnerable to reactive attack by major competitors Lack of infrastructure in rural areas could constrain investment

INDUSTRY PROFILE- INSURANCE

INTRODUCTION Insurance may be described as a social device to reduce or eliminate risk of loss to life and property. Under the plan of insurance, a large number of people associate themselves by sharing risks attached to individuals. The risks, which can be insured against, include fire, the perils of sea, death and accidents and burglary. Any risk contingent upon these may be insured against at a premium commensurate with the risk involved. Thus collective bearing of risk is insurance.

Types Of InsuranceInsurance industry in India is broadly classified as

Life Insurance:- policies protect individuals against the risk of life. Life 100 Insurance

policies not only protects the insureds family against his death but also provides a good means to avail tax benefit, avail loans from banks and acts, as a good saving tool to meet future needs.

General Insurance:- on the other hand protects the property and casualty by

covering losses from disasters and accidents thereby protecting from property damage and liability, providing the means for victims to resume their lives and businesses and contribute to the economy.

The various types of insurance available are

1.

Auto Insurance

Two Wheeler Insurance Car Insurance Commercial Vehicle Insurance

2.

Commercial Insurance

Agriculture Insurance Fire Insurance Industrial Insurance Marine Insurance Shop Insurance

3.

Home Insurance

4.

Life Insurance

Accident Insurance

a. NRI Accident Insurance b. Personal Accident Insurance

Health Care Insurance

c. Medical Insurance d. Critical Illness Insurance

Travel Insurance . HISTORY OF INDIAN INSURANCE

The business of life insurance in India in its existing form started in India in the year 1818 with the establishment of the Oriental Life Insurance Company in Calcutta. Some of the important milestones in the life insurance business in India are:

1912: The Indian Life Assurance Companies Act enacted as the first statute to

regulate the life insurance business.

1928: The Indian Insurance Companies Act enacted to enable the government to

collect statistical information about both life and non-life insurance businesses.

1938: Earlier legislation consolidated and amended to by the Insurance Act with

the objective of protecting the interests of the insuring public.

1956: 245 Indian and foreign insurers and provident societies taken over by the

central government and nationalized. LIC formed by an Act of Parliament, viz. LIC Act, 1956, with a capital contribution of Rs.5crore from the Government of India.

The General insurance business in India, on the other hand, can trace its roots to the Triton Insurance Company Ltd., the first general insurance company established in the year 1850 in Calcutta by the British. Some of the important milestones in the general insurance business in India are:-

1907: The Indian Mercantile Insurance Ltd. set up, the first company to transact all classes of

general insurance business.

1957: General Insurance Council, a wing of the Insurance Association of India, frames a code of

conduct for ensuring fair conduct and sound business practices.

1968: The Insurance Act amended to regulate investments and set minimum solvency margins

and the Tariff Advisory Committee set up.

1972: The General Insurance Business (Nationalization) Act nationalized the general insurance amalgamated and grouped into four

business in India with effect from 1st January 1973. 107

companies viz. the National Insurance Company Ltd., the New India Assurance Company Ltd., the

Oriental Insurance Company Ltd. and the United India Insurance Company Ltd. GIC incorporated as a company.

Insurance companiesSome of the life insurance companies and general insurance companies including their web address is given below:-

Life Insurers Public SectorWebsites Life Insurance Corporation of India Private Sectorwww.licindia.com Allianz Bajaj Life Insurance Company Limited

Birla Sun-Life Insurance Company Limitedwww.allianzbajaj.co.in HDFC Standard Life Insurance Co. Limited ICICI Prudential Life Insurance Co. Limited ING Vysya Life Insurance Company Limited Max New York Life Insurance Co. Limitedw MetLife Insurance Company Limited w w . m a x n e w y o r kl if e .c o m w Om Kotak Mahindra Life Insurance Co. Ltd. w w . m e tl if e .c o m

www.birlasunlife.com

www.hdfcinsurance.com www.iciciprulife.com www.ingvysayalife.com

SBI Life Insurance Company Limitedwww.omkotakmahnidra.com TATA AIG Life Insurance Company Limited

www.sbilife.co.in

www.tata-aig.com

General Insurers Webs ites National Insurance Company Limited New India Assurance Company Limited Oriental Insurance Company Limitedwww.niacl.com www.orientalinsurance.nic.in United India Insurance Company Limited Private Sectorwww.uiic.co.in Bajaj Allianz General Insurance Co. Limitedw ICICI Lombard General Insurance Co. Ltd. w w . b aj aj al li a n z. c o .i n w IFFCO-Tokio General Insurance Co. Ltd. w w .i ci ci lo

Public Sector www.nationalinsuranceindia.com

m b a r d .c o m w Reliance General Insurance Co. Limited w w .i t g i. c o .i n

Royal Sundaram Alliance Insurance Co. Ltd.www.ril.com TATA AIG General Insurance Co. Limited Cholamandalam General Insurance Co. Ltd. Export Credit Guarantee Corporationwww.ecgcindia.com Websites

www.royalsun.com

www.tata-aig.com www.cholainsurance.com

Reinsurers

S. S.No Particulars HDFC STD. LIFEGeneral No. www.gicindia.com Response 1 Fund Option RS. No. IDBI FORTIS LIFEResponse STD. LIFE 1 Liquid S.No They are declared by the Particulars Particulars Respons fund ll HDFC e Insurance Corporation of Mone company time to time. e 2 stable managed fund Company Names India INSURANCE INSRUANCE y plus p fund A LIFE INSURANCE TAX Yes 10 52 secure managed fund 60 3 Monthly Interest HDFC wealth maximiser Plan Name o COMPANY Account n plus 4 defensive managed fund s ll 18 to 65 1.1x min- 18, max- 65 ELIGIBILITY e

Fund

Option

Charges Sum Assured

fixed interest on the P management charged will be 1.5% a the fund value invested based on 5 times on single premium. amount on %S. No. Partial Withdrawal Charge-. No rt a Res daily basis. pon withdrawals are permitted in the i Partial Withdrawal Charge- No g se first 5 years. 6 1,00,000 cwithdrawals are permitted 10,000first Minimum- Rs. withdrawals are Minimum- Rs. in the Premium e three years.We can make allowed and after that Rs.250 u 67S A.Particul Protection and 47 chagred on no limit Maximum- no limit l Withdrawals whenever we need Maximum- each withdrawal. arstime and charges. Plan as a many No. Fund switching Charges- 24 r Part Fund switching Charges switches allowed every s icul policy year free. B Investment 19 ars No charges are deducted and Subsequent switches will be Plan N number of switches are charged at Rs. 100 per allowed. Bbusinessma professional 35 C Pension Plan 10 switch premium. n 17 Policy administration chargesDAN Children Plan 24 Policy administration chargesC students 10 %S. No. Rs. 60 charged per month Rs. 60 charged per month. ece a ssit ALLOCATION CHARGES g ALLOCATION CHARGES y e for 1ST YEAR = 65% Any year = 3.5 % - 2.5% prot 35Pa A 2ndYEAR= 65% ecti rticu on lars 3nd YEAR+ = 98% R S. No.sec e urit s y BStandin Product range and 17g and p o goodwill of the n s company S. No. e

4A 5 Fund mgt. charge- Fund

5x

5 balanced fund llmin- 18,

max- 55

Fund Mgt. Charges- 1.75% 1.1 times on single premium annually charged of the fund value.

S. No.

A B C D

services of the company 16 %ag BIm e posi %ag AS. tion e AdvertisementNo.Particulars being 13 of a AInnovative Products Particulars %age media Print 25 C Particulars AParticulars 5 released by the bur company Particulars S. No. den Response B of 3 B Possession of companys 10 GOOD B Attractive Rider 10 2 exp D policy by his relatives 0 88 Reasonable25 A ens AVERAGE C Premium 47 and friends. CElectronic Agents 35 es 45 media Customer Service 25 E12Ye B BAD D Better 10 24 CA compulsory tool for tax saving CCant say s DHigh Risk Coverage others 10 CANT SAY E 55 22Returns of bonus declared by the company No