samridhi plus - another point of view

8/7/2019 Samridhi Plus - Another Point of View

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Another Point of View

Samridhi Plus



USP s of the Plan Limited Payment EndowmentULIP with Single or Annual

Premium Options. Unique Peak NAV Guarantee on NAV for the First 100

Months or End of Term

Extremely Flexible Yet Secured Fund With Guarantee.

Close Ended ULIP Available for 90 Days!

First Ever ULIP with Real 5 Years PPT & Real Short Policy

Term of 10 Years.

Entry Age 8 Year (Childrens Plan) to Maximum 65 Years(Elders Can Also Have).



USP s of the Plan

Reduced & Attractive Allocation Charges. Flexibility Premium Amount, Mode of Payment, Sum

Assured, Partial Withdrawals.

No Discontinuation Charges on the Single Premium

Policies.

First Ever ULIP Minimum interest of 3.5% PA on the

Monetary Benefit amount transferred to the Discontinued

Policy Fund.

Low Cost Structure More Returns.



USP s of the Plan

Death Cover Facilitates More Returns: BSA or Fund Value .

LIQ UIDITY - Surrender after 5 years, Partial Withdrawals Money on Demand.

DAB @ Rs.0.50 per thousand (50 Lac).

LIMITED OFFER

Units Available @ Rs.10/- for a LimitedPeriod.

EASY EXIT - No Bid Offer Spread; No Surrender Charges.

IT Benefits U/S 80 C & U/S 10.10.D of IT Act 1961*



Extremely Flexible Yet Safe

Investment Pattern

Fund Type Govt. / Govt.

Guaranteed

Securities

Short-term

money market

instruments

( Govt.Securities)

Listed

Equity

Shares

Objective

Samridhi

Plus Fund

0%

to100%

0%

to100%

0%

to100%

Medium Risk



How Safe is Investment?

Simple: Only ONE Fund Type.

Range of Investment 0-100%: Extremely Flexible.

Virtual Auto Switching Avoiding Fall or Booking Profit atFund Manager Level.

Even, if the all above do not impress, the highest NAVover the first 100 Months of the policy or End of Term isapplicable for the payment of Bid Value on Maturity.



Peak NAV Guarantee An Overview

10

12

14

16

18

20

22

24

26

28

10

13

15

19

23

2827

29

26

25

10

14

18

22

28

26

25

26

24

20

10

15

20

25

30

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Scenario I Scenario II Scenario III Scenario IV

Peak

PeakPeak

Peak



Existing ULIP NAVULIP

[Similar Time Horizon or

Investment Pattern]

Launch Date[Period Elapsed]

Fund Type Current

NAV(16.02.11)

Bima Plus 2.02.01

[10 Y]

Risk 57.81

Balanced 40.75Child Fortune Plus 1.11.08

[2 Y 3 M]

Risk 15.23

Secure 15.44

Wealth Plus 9.02.2010

[1 Yr]

Wealth Plus 09.96[28.02.2011]

Wealth Plus is a Peak NAV Guarantee ULIP

Investments in ULIP are subject to Market Risks



Safe Bet More than Capital Guarantee

(Investment INR 1 Lac)

Fund Type Govt.

Securities

Short-term

money market

instruments

Listed Equity

Shares

SamridhiPlus Fund 0%to

100%

0%to

100%

0%to

100%

Fund

Spread

60-70%

[Rate of Return 8% PA]INR 70000

30-40%

INR 30000

10 Years 151124 120000

TOTAL 251124 [IRR 10.49%]



Even an out of order clock depicts correct

time at least twice in a day (i.e. in 24 Hours)...

PEAK DAILY NAV GUARANTEE



Thoughts on Income Tax

Endowment Plan 80C Benefit Limited to the Premium up

to the Extent of 20% of the Capital Sum Assured (CSA).

Benefit U/S 10.10.D (Tax Free Maturities) available only

when CSA is at least 5-times of the Annualised/Single

Premium. When the Life Cover less than 5-times of the premium,

maturity is taxable.

RISK COVER SHOULD INVARIABLY BE AT LEAST 5-TIMES

OF THE PREMIUM.



How to handle that?

Single Premium: SA 5-times of Premium.

Regular Mode policy by way of payment of annual mode

premium up to the extent of 20-30% of the probable

Single Premium.

For instance: A customer willing to pay Single Premium of INR 1 Lac would happily pay an yearly premium of INR

30000.

Whereas he shall have to get a Risk Cover of 5 Lac in SP;

he could avail the IT Benefit U/S 10.10.D in a Risk Cover of 1.5 Lac in annual mode policy.



Some Marketing Tips

At Higher Age: Better to take a policy on the life of the

child or any other younger family member. The elderly

person could go for a Term Assurance or Jeevan Amrit

Plan alongside the Samridhi Plus for the child.

Combi-Plans: The plan could be offered with anyconventional plan, ULIP or guaranteed benefit plans. For

instance: Bima Account II + Samridhi Plus + Jeevan Anand

or Jeevan Tarang.

PPT is NOT 5 Years: It is 4 Years and 1 Day for YearlyMode.



A nice product, but Risk Cover Cost is Higher: It is not. In fact the cover is SA

or Fund Value (whichever is higher) and at some stage thefund value is higher than the SA and the Mortality

Charges are not deducted.

Guarantee is for the first 100 Months only: Yes, it is for

first 100 months of term. This is a feature and it has some

reasons.

Commission is less: The commitment is Single Premium or

just 5 Years regular premium, coupled with the term of 10Years. The ticket size would increase and so would the

earnings.



Market Potential

Childrens Education/Marriage Policy: Entry Age 8-18;

Maturity Age 18-26.

Fixed Deposit with Risk Cover, Capital Guarantee, IT

BenefitsU/S 80C & 10.10.D.

Moderate Risk Profile with Peak NAV Guarantee: SuitsElderly Persons (offer for kids), Rural Prospects, Less

Aware or Risk Averting Clients.

Prospects wanting ULIP with Short Term or ULIP with

Some Guarantee. Prospects who just do not relish Switching of Funds and

still want the benefit of it.

Prospects Parking Funds for 10 Years.



A bit of Numerology Launch Date: 25; 2+5 = 7; Number 7 Ruling Planet

Neptune. Launch Date/Month/Year: 25th February 2011;

2+5+2+2+1+1 = 7+2+4 = 13 = 1+3 = 4; Number 4Ruling Planet Uranus.

Plan Number: 804; 8+4 = 12 > 1+2 = 3 Ruling PlanetJupiter.

Launch Day: Friday; Ruling Planet µNeptune¶.

Wisdom & Development: Ruling Planet µJupiter¶.

Intuition & Wisdom: Ruling Planet Neptune.

Trustworthiness & Disciplined: Ruling Planet Uranus.

!



Prospect buys your confidence in the product & thesolution you provide and his confidence in you

THANKYOU!

VIJAY SHANKAR MISHRA : 9818539928

samridhi plus - another point of view

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