2. PRESENTED BY:-P.T.PATIL DOLIC HUBLI III
Training Materials for Agents
&
Not for Private Circulation
PLAN TODAY FOR BETTER TOMORROW

3. INSIDE STORY OF JEEVAN VRIDDHI
Guaranteed Maturity Insurance Plan
CLOSE ENDED PLAN
FOR LIMITED
PERIOD ONLY
PLAN TODAY FOR BETTER TOMORROW

4. INSIDE STORY OF JEEVAN VRIDDHI
GET MORE WITH LESS INVESTMENT
PLAN TODAY FOR BETTER TOMORROW

5. ON MATURITY
SUM ASSURED
+
GUARANTEED
ADDITION
LOYALITY ADDDITION
On death, Basic Sum Assured shall be Payable
Death Benefit:- Basic Sum Assured shall be 5 times the Single
Premium excluding extra premium

6. INSIDE STORY OF JEEVAN VRIDDHI
SINGLE PREMIUM
IS NOTHING BUT AN
Attractive Guaranteed Discount
Over Yearly Premium Payment
PLAN TODAY FOR BETTER TOMORROW

7. INSIDE STORY OF JEEVAN VRIDDHI
Right Plan
Best plan for a short-term Life Insurance
with Guaranteed returns.
Right Time
With financial year closing, no better time to invest.
Right Term
Short term plan, liquidity available any time.
Right Return
A return of 12% without any headache + Tax Free
return.
Right Insurance
Can be taken for all Individual in a family
Right Idea
Fixed deposit + Life Insurance
PLAN TODAY FOR BETTER TOMORROW

8. INSIDE STORY OF JEEVAN VRIDDHI
BALANCING IS AN ART OF LIFE
LIC JEEVAN VRIDDHI is a SINGLE PREMIUM
with No upper limit Life Insurance plan with
Guaranteed Maturity Sum Assured and Loyalty
Addition (if any)
Though it is mentioned “if any” for Loyalty
Addition, but LIC India has been providing to
almost all Insurance plans.
PLAN TODAY FOR BETTER TOMORROW

9. INSIDE STORY OF JEEVAN VRIDDHI
If you think of below mention,
It is advisable to invest in Jeevan Vriddhi
•Building corpus for your child education
•Plan marriage for your Children
•Got Cash, with no/safe Investment ideas
•Looking for a HIGH interest rate around 12%
•Looking for TAX FREE money on Maturity
•Secure your Family life & Retirement life
•Do Not want to RISK with ULIP Plans
•IT rebate available u/s 80c & 10(10)(d).
PLAN TODAY FOR BETTER TOMORROW

10. INSIDE STORY OF JEEVAN VRIDDHI
You receive as below on investing your
money into this plan as below:
Maturity Benefit: On maturity, the
Guaranteed Maturity Sum Assured along
with Loyalty Addition, if any, shall be
payable
Death benefit: On death, Basic Sum
Assured shall be payable. The Basic Sum
Assured shall be 5 times the Single
Premium excluding extra premium, if any.
Loyalty Addition: Depending upon the
Corporation’s experience the policy will be
eligible for Loyalty Addition on date of
maturity at such rate and on such terms
as may be declared by the Corporation.
PLAN TODAY FOR BETTER TOMORROW

11. INSIDE STORY OF JEEVAN VRIDDHI
Loan :- Facility is available under this plan, after
completion of one policy year (approx 63% of
premium paid).
Surrender Value:
The policy can be surrendered for cash after the
policy has run for at least one year. The minimum
Guaranteed Surrender Value allowable is equal to
90% of the Single premium paid excluding extra
premium, if any.
Corporation may however pay Special Surrender
value as applicable on the date of surrender
provided the same is higher than the
Guaranteed Surrender Value.
The Special Surrender Value will be the
discounted value of the Guaranteed Maturity Sum
Assured as on date of surrender.
Back Dating is Allowed
PLAN TODAY FOR BETTER TOMORROW

12. INSIDE STORY OF JEEVAN VRIDDHI
Guaranteed Maturity Sum Assured or each Age at entry per
Rs.1000 Single Premium (exclusive of Service Tax )as under
PLAN TODAY FOR BETTER TOMORROW

13. INSIDE STORY OF JEEVAN VRIDDHI
Who can take the Policy
Condition Description
Age at entry 8 years to 50 years
Policy Term 10 years
Premium Mode Single
Premium Minimum- Rs.30,000/- ( in
multiples of 1000)
Sum Assured Min -150,000/-
Max- No upper limit.
Others Service Tax @ 1.545 % on
Premium.
(Only age at entry i.e 8 years in on lbd basis, all
other ages will be as per age nbd only)
PLAN TODAY FOR BETTER TOMORROW

14. INSIDE STORY OF JEEVAN VRIDDHI
Incentive For Higher Premium
PLAN TODAY FOR BETTER TOMORROW

15. INSIDE STORY OF JEEVAN VRIDDHI
Underwriting Rules:
Non Medical Schemes
NMG, NMS and NMG (Professional)
Age Std Age NSAP-II
Proof and and
NSAP-I NSAP-III
18 to 35 5,00,000 1,00,000
36 to 45 4,00,000 75,000
46 to 50 3,00,000 50,000
PLAN TODAY FOR BETTER TOMORROW

16. INSIDE STORY OF JEEVAN VRIDDHI
Underwriting Rules:
AGES MAX. Single MAX. SA SUC
Premium ALLOWED
ALLOWED
8 & 9 Yrs 6.25 Lacs 31.25 Lacs 25.00 Lacs
10-17 yrs 2 Lacs 10 Lacs 8 Lacs
8-17 yrs 12.49 Lacs 62.45 Lacs 49.96 Lacs
( with
Juvenile
FMR)
18-35 yrs 3.75 Lacs 18.75 Lacs 15 Lacs
36-45 yrs 2.50 Lacs 12.50 Lacs 10 Lacs
46-50 yrs 0.50 Lacs 2.5 Lacs 2 Lacs
Applicable to Minors, Male & Female Lives-Cat.I, II, & III.
PLAN TODAY FOR BETTER TOMORROW

17. INSIDE STORY OF JEEVAN VRIDDHI
Underwriting Rules:
These are exclusive limits for single
premium and not to be clubbed with regular
premium plans. ASA under single premium
plans taken during last one year only will
be added for purpose of SUC.
Non-Standard Age proof: All Allowed
Female Lives : All Allowed
Minor lives : Only standard lives
with standard age proof only.
Non-Medical for minors:
Age 8 and 9 : 25 lakhs.
Age 10 to 17 : 8 lakhs
Sub Standard Lives: All allowed
PLAN TODAY FOR BETTER TOMORROW

18. INSIDE STORY OF JEEVAN VRIDDHI
Underwriting Rules:
Actual Sum Assured (ASA) for SUC:
For Non-Medical, Medical, Special
Reports and Financial Underwriting:
4 times of Single Premium Paid
excluding Extra Premium charged
and Service tax paid.
Occupation Extra:
7.2 times of applicable extra.
NRI’s:
Allowed to all Residence Groups
including Foreign Nationals of Indian
origin without charging any extra.
PLAN TODAY FOR BETTER TOMORROW

19. INSIDE STORY OF JEEVAN VRIDDHI
Underwriting Rules:
Riders:
Accident Benefit : Not Available
Permanent Disability : Not Available
Term Assurance Rider : Not Available
Critical Illness Rider : Not Available
Dating Back: Allowed @10% in
excess of one month, without lean
months benefit.
Proposal Form : 300, 340 or 360
PLAN TODAY FOR BETTER TOMORROW

20. Best Bank Fixed Deposit Rates – March 2012
Best Fixed Deposit Rates for Tenure of 5 Years
Interest Rate Maturity Amount for Rs.
Banks
(%) 10,000
Tamilnad
10.00% 16,386
Mercantile Bank
South Indian Bank 9.60% 16,069
IDBI Bank 9.50% 15,991
Punjab & Sind Bank 9.50% 15,991
State Bank of
9.50% 15,991
Travancore
PLAN TODAY FOR BETTER TOMORROW

21. FIXED DEPOSITE EARNING
Rs. 10 Lac in Bank FD @ 9.25%
YR Principal Amt at yr end
1 1000,000 10,92,500
2 1095,000 11,93,556
3 1199,025 13,03,960
4 1312,932 14,24,577
5 1437,661 15,56,350
6 1574,239 17,00,312
7 1723,791 18,57,591
8 1887,552 20,29,418
9 2066,869 22,17,139
10 2217,139 24,22,224
TDS @ 30% 4,26,667
Net in hand 19,95,557
Actual IRR 7.48%
PLAN TODAY FOR BETTER TOMORROW

22. JEEVAN VRIDDHI YIELD CALCULATOR
NAME OF PROPOSER x
AGE OF PROPOSER 30
PREMIUM(BASIC INVESTED AMOUNT) 100000.00
TOTAL PREMIUM (INCL SERVICE TAX) 101545.00
GURANTEED MATURITY SUM ASSURED 199985.00
ADDITION LOYALITY ADDITION 24998.00
TOTAL YIELD ON MATURITY 224983.00
IRR(PRE TAX) 8.28%
IRR(POST TAX -10% SLAB) 9.41%
IRR(POST TAX -20% SLAB) 10.68%
IRR(POST TAX -30% SLAB) 12.14%
BANK FD YIELD(POST TAX - 10% SLAB) 228000.00
BANK FD YIELD(POST TAX - 20% SLAB) 213778.00
BANK FD YIELD(POST TAX - 30% SLAB) 199556.00
BANK FD IRR(POST TAX -10% SLAB) 9.55%
BANK FD IRR(POST TAX -20% SLAB) 10.12%
BANK FD IRR(POST TAX-30% SLAB) 10.80%
Free Risk cover of 5 TIMES OF BASE PREMIUM.
On death- SUM ASSURED IS payable whereas in Bank FD only
accumulated value paid with deduction of TDS
Easy Liquidity – Loan/Surrender after 1 yr.
Loan@ 10.25% as against >14% in the banks.
PLAN TODAY FOR BETTER TOMORROW

23. JEEVAN VRIDDHI EARNING
Rs. 10 Lac in Jeevan Vriddhi at age 25 Yrs
Sum Assured 50,00,000
Premium 10,15,450
Tax Rebate @ 30% for 1 Lac 30,000
Net outgo 9,85,450
Guaranteed Maturity Benefit 20,09,479
IRR on Gtd. Mty Sum Assured 7.39%
Loyalty 2,51,185
Total Returns 22,60,664
IRR (compounding annually) 8.65%
PLAN TODAY FOR BETTER TOMORROW

24. JEEVAN VRIDDHI EARNING IMPACT
Apart from
RETURN ON INVESTMENT
the customer gets
Free Risk Cover of 50,00,000.
On Death- 50 Lacs Payable whereas in Bank FD
accumulated value paid with deduction of TDS
Easy Liquidity – Loan/Surrender after 1 yr.
Loan@ 10.25% as against >14% in the banks.
Business takes loan from LIC or OD from bank.
Claim it as expense u/s 37(1)
PLAN TODAY FOR BETTER TOMORROW

25. JEEVAN VRIDDHI v/s NSC
for 10 yrs atPlanning to Insure Your Business
age 25 yrs- Amt invested-10 Lacs
Risk Cover (Sum Assured) 50,00,000
Premium 10,15,450/-
Tax rebate @ 30% 30,000/-
Net Outgo 9,85,450/-
Term Assurance Prem (as per 190–S P for term 10 yrs) 71,650/-
Actual Investment 9,13,800/-
Gtd Mty Sum Assurred 20,09,479/-
IRR on Gtd Mty SA 8.20%
Loyalty Addn. 2,51,185/-
Total Proceeds 22,60,664/-
IRR (compounding annually) 9.48%
Amount invested in NSC 10,15,450/-
Interest declared for current yr 8.75%
Proceeds at the end of 10 yrs 23,49,369/-
Tax on interest from NSC @ 30% of 13,33,919/- 4,00,176/-
PLAN TODAY FOR BETTER TOMORROW
Net Receivable 19,49,193/-
IRR Compounding on Net Outgo - post tax 7.06%

26. START EARLY REACH EARLY
RETURNS DEPENDS ON AGE
AT THE TIME OF INVESTMENT
PLAN TODAY FOR BETTER TOMORROW

27. Apart from Individual Assessment:-
You can make the provision under MWP ACT
You can take the policy under HUF
You can make the provision under E&E INSURANCE
YOUR ONE DECESION
WILL CHANGE YOUR LIFE
PLAN TODAY FOR BETTER TOMORROW

28. Planning to Insure Your Business
The views mentioned above are of the author only.
Data and charts, if used, in the article have been
sourced from available information and has not been
authenticated by any statutory authority. The authors
do not claim it to be accurate nor accept any
responsibility for the same
PLAN TODAY FOR BETTER TOMORROW

29. PRESENTED BY:-P.T.PATIL DOLIC HUBLI III
MOBILE NO:09448133179
E-Mail:-patil179@yahoo.co.in
PLAN TODAY FOR BETTER TOMORROW

30. Sleep Better at Night
With
Right Financial Planning