Kotak Headstart Child assure plan

Kotak Headstart Child assure plan:-

Feature:-

Create wealth for your child’s future financial needs.

Ensure financial security of your child through Triple Benefit

Invest in a wide range of funds

Key Features

Provide a Planned Corpus for Your Child

Your investments in the funds available with this plan will help you fulfill your child’s dreams. You will receive the Fund Value in Main Account plus Fund Value in Top Accounts (if any) when the policy matures.

Enhance Protection for Your Loved Ones1

On the unfortunate event of death of the Life Insured, the beneficiary will get Triple Benefit as mentioned below:

Basic Sum Assured paid immediately Premium Waiver – Future Premium payment obligation ceases and All future premiums will be added to the Fund Value Customize your fund portfolio to suit your risk profile Kotak Headstart Child Assure offers you the flexibility to choose from a wide array of funds that are diverse enough to suit your risk–return profile. You also have the option to switch from one fund to another for greater control over your investments. The funds offered in this plan are: Investment Options Risk- Return Profile Equity Debt (Including Money Market Instruments*) Classic Opportunities Fund Aggressive 75-100% 0-25% Frontline Equity Fund Aggressive 60-100% 0-40% Balanced Fund Moderate 30-60% 40-70% Dynamic Floor Fund II Cautious 0-75% 25-100% Bond Fund Conservative 100% Floating Rate Fund Conservative Gilt Fund Conservative Money Market Fund Secure 0-75% 100% Enjoy flexibility through convenient payment options This plan offers you the flexibility of a shorter premium payment term of 5 years for a policy term of 10 years and 10 years for policy terms 15 to 25 years. Further, you can pay your premiums annually and half-yearly as per your requirement. Avail the benefit of liquidity through Partial Withdrawals and policy loans To ensure that your long-term investments provide ample liquidity to take care of your emergency financial needs, this plan offers you the option of Partial Withdrawals and policy loans. You can avail of a loan up to 40% of the Fund Value to meet any contingency, provided premiums for two policy years have been paid in full. After completion of five policy years, you get additional liquidity through Partial Withdrawals contact for insurance:- sanjay tomer                                        09466423767

Kotak Child Advantage Plan

Kotak Child Advantage Plan:-

On maturity you would receive the higher of the basic sum assured or the Accumulation Account*.

The amount available in the Accumulation Account is invested in various financial instruments (as per IRDA regulations) which implies that your money works hard to earn more for your child.

The Automatic Cover Maintenance facility ensures the policy remains in force even if you miss premium payments. This facility is available after full premiums for the first three years are paid.

You can take a loan against this children's plan, after the policy has been in force for at least three years.

You have the option of paying premiums monthly, quarterly, half yearly or yearly.

Bonus

The premiums paid by you net of charges are credited in the Accumulation Account and invested as per IRDA norms. Being a participating plan, the returns as per declared (bonus) are credited to this account. Our team of prudent investment managers will ensure that your money continues to work hard and get you compounding bonuses, year after year.

Waiver of Premium

To ensure that the policy remains in force in case of any unforeseen event, two optional riders: Life Guardian Benefit (LGB – UIN No: 107C012V01) and Accidental Disability Guardian Benefit (ADGB – UIN No: 107C011V01) may be attached. The premiums for the policy will be waived in case of death of the proposer (premium payer) or in case of his permanent disability. Thus, attaching the riders gives you the added comfort that even if something were to happen to you, your child’s future is secured. Maturity Benefit The higher of the basic sum assured or the Accumulation Account will be paid on Maturity. Death of Parent (Premium Payer) In case the parent has opted for the Life Guardian Benefit (LGB), all future premiums on the policy would be waived and the policy will continue till maturity. On maturity, the beneficiary would be entitled the higher of the basic sum assured or the Accumulation Account. Death of Life Insured If the policy has been in force for five years or if the life insured was at least 18 years old, then according to this insurance plan, beneficiary will receive either the sum assured or Accumulation Account whichever is higher, as on the date of death. If the death occurs within five years from commencement of policy and if the insured was less than 18 years old, the death benefit would be either the total of all premiums paid (excluding rider premiums) so far or the surrender value at that time, whichever is higher.

Group Savings Linked Insurance plan

Group Savings Linked Insurance plan:-

FEATURE:-

The people working in the metropolitan cities, occupied as they are in their day to-day activities where inflation is inevitable, find difficult to provide adequate security for their families, Individual insurance with high premium in fact does not provide adequate insurance protection. Their need for insurance protection during service coupled with adequate savings for carefree retired life remains unfulfilled. Keeping this in mind, LIC has come out with an attractive insurance scheme viz. Group Savings Linked Insurance scheme at a very low cost. Central Government has a similar scheme with minor modifications. Semi-Government Organisations, Public Sector Organisations and also Large private business houses and industrial enterprises have introduced this scheme, the salient features of which are as under:


I) OBJECTIVES OF THE SCHEME:

• Protection at low cost without individual evidence of health.
  
• Attractive returns on savings to meet post retirement needs.
  
• Simple procedures for granting life cover to large groups under one umbrella.

II) INTRODUCTION OF THE SCHEME:

a) The Scheme can be introduced by employers provided certain percentage of employees is willing to join the Scheme.

b) For the new entrants to the Company, the membership of the Scheme is compulsory.

III) PREMIA:

contact foe insurance:- sanjay tomer

                                       09466423767


VII) TAX BENEFITS:Employees' total contribution, savings as well as risk premium is entitled for income-tax rebate under Sec. 80C of the Income Tax Act. The entire claim amount including interest earned payable on retirement or leaving service or on death is free from income-tax. The premium paid by the employer towards insurance cover is treated as business expenses

It is decided on the basis of Group size and the occupation of the group.Premium has two components i.e. Risk Premium and Savings Premium.Risk Premium is utilized to offer life cover and the Savings Premium is accumulated in members account.


IV) ACCIDENT BENEFIT:

Double accident benefit can be allowed to the extent of the Sum Assured for an extra Premium.


V) INTEREST ON SAVINGS:
The present rate of interest allowed on saving portion of premium is 8% compounding yearly.


VI) ELIGIBILITY TO JOIN THE SCHEME:
Any employee irrespective of his present state of health is eligible to join the scheme subject to certain conditions. The only insurability condition is that the employee should not be absent on medical ground on the date of commencement of the scheme. All employees who have not crossed the retirement age are eligible to join the scheme. All future employees have to join the scheme compulsorily.

Group Term Insurance Plan (EDLI)

Group Term Insurance Plan (EDLI):-

FEATURE:-

All establishments with at least ten full time permanent employees and to whom the Employee’s Provident Fund and the Miscellaneous Provisions Act 1952, applies, have a statutory liability to subscribe to the Employee’s Deposit Linked Insurance Scheme (EDLI), to provide life insurance cover for all the employees.
Under EDLI (as amended with effect from 24 th june,2000 ) the benefit is equal of the average balance of the credit of the deceased employee in the provident fund during the last 12 months, provided that where such balances exceeds `35,000 ,the insurances cover is equal to `35,000 plus 25% Of the amount over ` 35,000 subject to a maximum of `60,000.
Thus if the length of service is not adequate and/or the salary is low, the average balance may be much less and the benefit to the employee’s family is very little.

So what does it mean?

Using the example of an employee earning `10,000 as basic salary per month, the PF contribution is Rs 2,400 per month (1,200 from employer +1,200 from employee). The average balance in the last 12 months therefore would be Rs 15,600 [i.e.(2400x1+2400x2+2400x3+……+2400x12)/12]
Thus this employee’s family on his death would receive `15,600 as the EDLI benefit for the premium of Rs .600 (0.5% of this basic salary) paid towards it in the last 12 months, assuming the salary has not changed in the same period.
Reliance Life Insurance Group Term Life In Lieu of EDLI
Under Section 17(2A)of the act, the Employer may be exempt from contributing to this scheme, if he/she has provided for better insurances benefits than the cover offered by the Employee Provident Fund Organization (EPFO) through a life insurer. Reliance Life Insurance Group Term Life in Lieu of EDLI has been approved by the Central Employee Provident Fund Organization as a better alternative.
The benefit we provide under this scheme is a minimum of `62,000 and a maximum of `1,50,000.
A Double Accident Benefit rider can also be provided .

	Disclaimer
	UIN for Reliance Group Term Insurance Plan (EDLI) - 121N006V01. contact for insurance:- sanjay tomer                                       09466423767

Reliance Group Term Assurance Plan

Reliance Group Term Assurance Plan:-

FEATURE:-

Providing your people with total cover for Life, Accident and Disablement
Indian lifestyles have changed significantly in recent years.
Several of your employees probably own a home and are paying mortgages. They could also have loans to repay for their car or bike.
Your employee’s most valuable asset is not their house or their car. It is in fact their health and their ability to earn an income to be able to service this lifestyle.
To protect their assets, their families and themselves against accident, illness or untimely death, your employees need life insurance cover of at least three to five times their annual salary.
As a caring employer you can provide life insurance benefits to your employees at a low cost due to group buying power and also no medical underwriting is required up to the Free Cover Limit. (Based on the characteristics of each group, we establish a limit up to which Life Insurance cover is provided without any medical underwriting required).

	Disclaimer
	UIN for Reliance Group Term Assurance Plan - 121N006V01 contact for insyrance:- sanjay tomer                                       09466423767

Reliance Group Credit Shield Plan

Reliance Group Credit Shield Plan:-

FEATURE:-

Reliance Group Credit Shield Plan
This is a traditional, Single Premium, non participating Group Term Insurance Plan with reducing death benefit with flexibility to ensure that the financial interest of the Lending Institution is protected in the event of any misfortunes affecting the life insured/members (borrowers). This plan provides peace of mind to your group members & their families at a very attractive cost.

UIN for Reliance Group Credit Shield Plan - 121N032V01

contact for insurance:- sanjay tomer
                                      09466423767

Reliance Jan Samriddhi Plan

Reliance Jan Samriddhi Plan:-

FEATURE:-

Reliance Jan Samriddhi Insurance Plan is a low cost life insurance cum savings plan providing benefits on death and on survival. This plan is specially designed to facilitate and encourage long term savings with extremely affordable premium amounts to be invested and get periodic returns, while enjoying insurance protection. It also offers inbuilt accidental cover against financial losses arising out of life’s adversities like accidental death.

What are the Key Features – Reliance Jan Samriddhi Plan?
	Facilitate and Encourage long term savings to earn periodic returns.
	Extremely affordable premium installment amounts
	Life cover to protect the family against financial liabilities like loss of income, outstanding loans, etc.
	Extra Protection on Accidental Death – Double the face amount, at no extra premium.
	Convenient and Hassle free enrolment.

Which target segment is the plan best suited for?
Any Group i.e. Employers/Associations/Co-operatives/Micro Finance Institutions (MFI) etc., Affinity, Agricultural laborers, Small and Medium Scale Farmers, Village Craftsmen and Cottage Industry employees amongst others can be offered this plan to reap the twin benefits of protection and savings.

	Disclaimer
	For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale
	UIN for Reliance Jan Samriddhi Plan:121N044V01 contact for insurance:- sanjay tomer                                       09466423767