In the year 2009, multiple Life Insurance companies launched Guarantee Highest NAV in 7 years span, some gave option of highest NAV during the last 3 years.

Today, we shall compare the performance for the last 3 years and see how the chart looks. Was our decision to go with these ULIP plans correct?

Below are list of Highest NAV Guarantee ULIP Life Insurance which many of us have bought.

• ICICI’s Pru Pinnacle
• Birla Sun Life Platinum Plus-III
• Bajaj Allianz Max Gain
• SBI Life Smart Ulip
• Tata AIG Apex Invest Assure
• LIC Wealth Plus
• Reliance Highest NAV Guarantee Plan
• AEGON Religare Wealth Protect Plan

Charts for each of the Highest Guarantee NAV

• ICICI’s Pru Pinnacle

the highest Net Asset Value (NAV) recorded on a daily basis, in the first 7 years of the fund, subject to a minimum of Rs.10. The guarantee will be applicable only at maturity. The period of 7 years starts from the date of launch of Pinnacle Fund and will end on the completion of 7 years (from 24/10/09 to 24/10/16).
 

 

• Birla Sun Life Platinum Plus-III

A unique Guaranteed Maturity Unit Price representing the highest unit price the of Platinum Plus Fund III recorded on business days between 15 May, 2009 and 16 August, 2016.
 

 

• Bajaj Allianz Max Gain

Highest NAV over the entire term is guaranteed. No Surrender charge from 4th Year.
 

 

• SBI Life Smart Ulip

SBI Life’s SMART ULIP works with Flexi Protect Fund and Money Market Fund. Flexi Protect Fund provides capital protection and optimum returns based on systematic asset allocation that dynamically invests in a well diversified equity portfolio which generates capital appreciation over a medium term, while the debt and money market instruments in this fund lock in the capital appreciation.

The product provides NAV guarantee of the highest of 168 fortnightly NAVs during first seven years or NAV at maturity, whichever is higher.
 

 

 

• Tata AIG InvestAssure Apex

• LIC Wealth Plus

Guaranteed return of highest NAV of the first 7 years or the 8th year NAV, whichever is higher.
 

 

• Reliance Highest NAV Guarantee Plan

Enjoy the upside – Guarantee you get the highest NAV per unit ever achieved during the policy term at maturity.
 

 

• AEGON Religare Wealth Protect Plan

AEGON Religare Wealth Protect Plan guarantees that the returns will not dip below 80% of highest NAV during the policy term.
 

 

Overall of the Guarantee Highest NAV

We see that many of the Guarantee NAV ULIP plans are not working as expected. It is almost 4 years, and another 3 years left to avail the highest NAV.

SBI Life ULIP plans are the best performing till date, and LIC Wealth Plus is worst.

Childsurance is a unit-linked insurance plan with innovative features that ensure a perfect combination of optimum returns and safety that can help parents create a child plan that does not fail at maturity.

The IDBI Federal Childsurance Dreambuilder Insurance Plan combines wealth creation and insurance protection into one powerful financial solution. The premium you pay towards the Childsurance Plan gets divided into two parts – one part goes into the Investment Account which contains investments to build a corpus for your child’s future and the other part goes into the Insurance Account which consists of the insurance benefits that provide protection to your child against life’s uncertainties. The flexible nature of Childsurance allows you to create a plan to suit your needs and offers many choices in both investing your funds and in the insurance cover you want.

What is My Investment Account ?

From the premiums you pay, Premium Allocation Charge is deducted. The balance amount goes into the investment options you choose in the proportion you specify. The IDBI Federal InvestmentBasket contains all the investment options we offer. The balance in your Investment Account reflects the wealth built over time from your premium contributions and the returns from the investment options chosen by you.

What is My Insurance Account ?

You can also choose the amount of insurance cover you require to protect your child’s future. You may also increase or decrease this amount subsequently. Any increase in cover is subject to meeting our underwriting guidelines and decrease in cover is subject to meeting the minimum cover criteria for this Plan.

Key Benefits

• Contribute money in a flexible way to suit your savings habit
Pay premiums for a limited period or for the entire term of the plan.
Pay additional top-up premiums whenever you want. Grow wealth faster and get tax benefits.
• Choose how your money is invested from a wide choice of investment options, based on your return expectations and risk tolerance
Choice of wide range of fund options, with varying levels of risk and return.
• Choose your investment strategy
Manage your investments as per your choice with complete flexibility
Opt for Systematic Allocator, a facility which balances your asset allocation between equity and debt based funds to provide growth and safety, aligned to the maturity of your plan
• Boosters to help your savings grow faster
Receive Guaranteed Loyalty Additions at the end of specific terms as a reward for making long-term investments.
• Decide how you wish to manage your investments
1. Switch amongst investment options any time and manage your portfolio, free of charges.
• Secure your child’s future goals
1. In the event of unfortunate death of the insured parent(s), the plan ensures that your child’s future goals remain naffected.
• Get tax benefits on contributions and benefits
1. Premiums paid are eligible for deduction from axable income under section 80C.
2. Maturity amount is exempt from tax under section 10(10D).
• Withdraw funds in case of need, after five years

Types of Investment Options :

The IDBI Federal InvestmentBasket offers a wide range of
investment options which can be chosen by you in the
proportion of your choice. With Childsurance, you can
choose the following types of funds:
1) Equity Growth Fund,
2) Midcap Fund,
3) Pure Fund,
4) Bond Fund,
5) Income Fund, and
6) Liquid Fund.
These unit linked funds are open-ended funds which invest in equity, debt or money market as per their investment objectives. The Net Asset Value (NAV) of each fund is published on a daily basis. You can invest your premiums into, switch into or switch out of any fund at any time at the NAV. Your gain or loss is the difference between the value at which you invested and the value at which you exited. In these funds, the NAV depends on the market value of the underlying investments. The expected return and risk vary by the fund.

Many of us have bought one or more ULIP policies in past one Decade, it may be in the form of ULIP, Unit Linked Pension Fund, Unit Linked Children Fund, Guaranteed return plans etc… But did you able to find out how these ULIPs and their funds performed in past few years compared to the Benchmark Index (Nifty/Sensex etc.) and also how they fare compared to the Mutual funds of similar nature. For most of us the answer will be NO, we can’t find these details.

We provide you details on how to find the value.

1. Select the Insurance provider
2. Select the policy name
3. Select the fund type

Just remember that day, when your insurance agent gave you assurance about your ULIP policy and you were happy when you were signing the application form. Both you and your agent were happy on that day. You have planned for your children or your pension or investment. Your agent have told you that you will get return like full of planet. You were glad by thinking that you will be rich in next 3 years or 5 years. Surprisingly your agent is happy till date now but what about you.

One day you have informed that your total fund value is less then you have invested, how that day was? Now how are you feels? Have you cheated by agent or company is making you fool? You never read your Policy documents because you had faith in your agent. Perhaps you don’t have any option other then surrender to your lovable policy by now.

But real story is that, if your agent gives you services like advice on fund switching on time then this will not be like it. Switches made across your ulip portfolio, will gain you profit.

Established in 2000, Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla Group, a well known and trusted name globally amongst Indian conglomerates and Sun Life Financial Inc, leading international financial services organization from Canada. The local knowledge of the Aditya Birla Group combined with the domain expertise of Sun Life Financial Inc., offers a formidable protection for its customers’ future.

With an experience of over 10 years, BSLI has contributed significantly to the growth and development of the life insurance industry in India and currently ranks amongst the top 6 private life insurance companies in the country.

Known for its innovation and creating industry benchmarks, BSLI has several firsts to its credit. It was the first Indian Insurance Company to introduce “Free Look Period” and the same was made mandatory by IRDA for all other life insurance companies. Additionally, BSLI pioneered the launch of Unit Linked Life Insurance plans amongst the private players in India. To establish credibility and further transparency, BSLI also enjoys the prestige to be the originator of practice to disclose portfolio on monthly basis. These category development initiatives have helped BSLI be closer to its policy holders’ expectations, which gets further accentuated by the complete bouquet of insurance products (viz. pure term plan, life stage products, health plan and retirement plan) that the company offers.

This is the second Child Savings Plan added in MetLife’s portfolio, after Met Bhavishya

MetLife India Insurance (MetLife), has announced the launch of its new unit linked child plan – “Met Smart Child”. This plan offers complete solution for child’s higher education, even in the absence of parents. The life insured is the parent or grandparent and the beneficiary is the child/grandchild. This is the second Child Savings Plan added in MetLife’s portfolio, after Met Bhavishya.

The unique feature of Met Smart Child is that the fund is locked in for the benefit of the child till the child turns 18. This will ensure that the fund never gets misused and is solely used for the child’s benefit.

Met Smart Child offers a differentiated death benefit. In case of the unfortunate demise of the parent, the sum assured under the product is paid immediately to the beneficiary and all the future premiums which would have been otherwise paid by the parent are paid by MetLife into the fund.

These future premiums are paid into the Balancer fund, which offers the twin benefits of potential equity based upsides as well the steady performance of the debt markets.

The plan is available in three terms of 10, 15 and 20 years with a minimum premium of Rs. 18,000. The amount cover is equal to 10 times of the chosen premium and remains constant throughout the term of the Policy. The plan comes with 6 unit linked funds for customers with varying risk appetite to choose from.

It provides customers with an option of unlimited switches between the available funds to take care of the changing risk appetite of the customers. Systematic Transfer Option under this plan allows the customer to hedge against the near term market volatilities and built corpus for long term systematically.

Policies with 15 and 20 year term have a loyalty additions benefit of 2% and 3% respectively. These loyalty additions will be paid even on demise of the parent.

The fund will charge 7% in the first year, 6 per cent in the second year and from third year onwards a charge of 5% will be levied on the premiums before investing. The administration charges will be Rs 10 per month between first to fifth year and from sixth year onwards the administration charges become Rs 35 per month. The fund management charges will range from 1.10 % – 1.25% and the mortality charges will be calculated on the basis of the attained age of the parent.

Met Smart Child plan can be easily bought by just filling an application form. Ease of buying feature has been designed especially keeping in mind the fast pace of life.

In case of your sudden demise, child’s future is secured by the death benefit payable under the Policy. The death benefit which is at least 100% of Sum Assured is paid immediately to your child and the policy continues to work towards providing or higher education expenses, with an amount equal to monthly premiums (for corresponding annualized premium chosen at inception), as a part of Premium Waiver Benefit (PWB), being paid by MetLife into the Policy on every monthly Policy Anniversary irrespective of the Premium payment mode chosen by you. You can be a Parent or grandparent to opt for this Policy with beneficiary being the child or grandchild respectively.

Met Smart Child at a Glance

Minimum/Maximum Age at entry (LBD)* for Life Insured 18/55 Years
Minimum /Maximum Age at entry (LBD)* for beneficiary 90 days/17 years
Premium Payment term (years) Same as policy Term
Minimum Annualised Premium Rs. 18,000 p.a.
Maximum Annualised Premium Till age 35 : 2 lakh
36-45 age : 1.25 lakhs
Age 46+ : 1 lakh
Policy Term 10, 15 & 20 years
Sum Assured 10 times the chosen Annualised Premium only
Premium Payment modes Annual, Semi Annual, Quarterly, monthly
and PSP (Payroll Savings Program)

Systematic Transfer Option:

In case you wish to make the most of market volatility, you may choose Systematic Transfer Option which allows you to take the advantage of rises and falls in the market and allows you to get the benefit of rupee cost averaging.

How does Systematic Transfer Option work for you?

You should be paying premiums in an annual mode to avail this option
You may choose Systematic Transfer option either at Policy Inception or during the term of the Policy
In case this option is chosen at policy inception, the premium allocation percentage in Protector II Fund should be at least 50% of the Annualized Premiums paid. If the option is chosen during the term of the Policy, then Protector II Fund should at least have 50% of Total Fund Value.
Your Fund will be automatically transferred from Protector II Fund to Flexi Cap Fund at the end of every month in the following manner

Month1 1/12 of the units available at the end of Month1
Month2 1/11 of the units available at the end of Month2
Month5 1/8 of the units available at the end of Month5
Month11 1/2 of the units available at the end of Month11
Month12 Balance Units available at the end of the Month12

Other conditions on Systematic Transfer Option:
Systematic transfer plan if chosen during the term of the Policy will be activated only by the next policy anniversary.

The request for opting in and out of systematic transfer plan has to be given at least 30 days before the next monthly policy anniversary

This facility will be deactivated in case the policy moves to discontinuance fund status.

No switches will be allowed in and outside of Protector II Fund and Flexi Cap Fund funds during this strategy is active.

This will not be available with Auto rebalancing option.

In case premium payment mode from Annual to any other mode is changed, this option will be deactivated.

Can my short term investments provide better value along with added protection? This newly launched Future Invest ULIP plan from Bharti AXA, is a good one.

Advantages of Bharti AXA Life Future Invest ULIP Plan:

Limited Premium Payment: The benefits of this Policy accrue to you for 10 years while you pay premiums only for the initial 5 years.

Zero Allocation Charge: With this plan, you are not charged for premium allocation.

In-built Accidental Death Benefit: In case of an unfortunate death by accident, the nominee receives an additional Sum Assured equal to the base Sum Assured (only available for Life Insurance Benefit Option B).

Fund Options: You may choose from an array of 6 funds.

Extendable Investment Period: Take advantage of staying invested in the funds for an extended period of 5 years after maturity.

Partial Withdrawal Option: You have the option to avail of the partial withdrawal facility from your policy fund value, after your Policy has completed 5 years.

Tax Benefits: Tax benefits for premiums paid as well as benefits received are as per the prevailing tax laws.

Life Insurance Benefit Options: You have the flexibility to choose from two Life
Insurance Benefit Options as depicted below:

Life Insurance Benefit Option A: Higher of the Fund Value or Sum Assured

Higher of Sum Assured (net of partial withdrawals, made within 12 months prior to death of the life insured) OR the Policy Fund Value at that point in time is payable.

Life Insurance Benefit Option B: Sum Assured + Fund Value

An additional death benefit equal to the base Sum Assured will be payable in case of death of the life insured due to an accident.

Accidental Death Benefit Charge: (Only applicable to Life Insurance Benefit Option B)

An accidental death benefit charge of 1 per ’000 Sum Assured per year will be levied at the beginning of every month by way of cancellation of units.

Illustration:
Guru, aged 35 years, purchases Bharti AXA Life Future Invest and would like to invest in the Grow Money Plus Fund. He chooses Life Insurance Benefit Option A.

Annualised Premium : 50,000 p.a. under annual mode
Policy Term : 10 years
Sum Assured : 5,00,000
Assumed Rate of Return : @ 10 % p.a and @ 6% p.a
Policy Fund Value at Maturity : @10% – 4,09,560 | @6% – 2,96,701
IRR (Customer Yield) at Maturity : 7.19%

You may avail the tax benefits on the premiums paid and the benefits received as per the prevailing tax laws under Section 80C and Section 10(10D) of the Income Tax Act, 1961. The tax benefits are subject to change as per change in tax laws from time to time.

SMS SURAKSHA to 56677 for a Bharti AXA Agent to get in touch with you.

Kotak Life Insurance has launched a new investment oriented Unit Linked Insurance Plan (ULIP). There is no Premium Allocation charge. Limited to only 2 portfolios, which gives less headache for any individual to manage and get confused with the options available.

Apart from that, you get 2% of the fund value as additional bonus from the 10th year. But this is not every year from there after, but every 5th year after the 10 year.

The premium paying options are regular as well as Single premium is allowed. There is option for riders to enhance your life insurance policy to safe-guard your interests.

Kotak Invest Maxima offers you two portfolio strategies to choose from:

1. Self Managed Portfolio Strategy
2. Systematic Switching Strategy

Kotak Invest Maxima allows you to opt for additional rider benefits with regular and limited premium payment options. The plan offers following rider benefits to help you customize the level of protection:

• Kotak Accidental Death Benefit (ADB) : Lump sum Benefit paid on accidental death

• Kotak Permanent Disability Benefit (PDB): Installments paid on being totally and permanently disabled as a result of an accident.

The first fifteen switches (including the 12 automatic fund switches, if Systematic Switching Strategy is chosen) in a policy year are free. For every additional switch thereafter, Rs. 500 will be charged.

Illustration:
Sujay is a 35-year-old professional who lives with his wife and children. He holds a respected position in one of the leading pharma companies, with a steady stream of income. He wants to invest his money with the objective of maximizing its investment potential. He is keen to invest in equity but is unable to put in the time required for managing the investment. Kotak Invest Maxima provides the perfect solution for him as it gives him the option to invest in funds of his choice and at the same time he enjoy adequate protection. Given below is an illustration of the benefits payable to Sujay for an Annual premium of 1,00,000, policy term of 20 yrs and a Sum Assured of 10,00,000:

How to Maximize your investment in 4 easy steps

Now that you are aware of the Kotak Invest Maxima features and benefits, just follow the below mentioned easy steps and get the maximum out of your investments:

Step 1: Choose to pay your premiums under Regular Payment mode or Limited Payment for 5 yrs or a one-time lump sum as a Single Premium;

Step 2: Choose the term for which you wish to invest and the corresponding premium.

Step 3: Choose your life insurance cover – the Sum Assured, depending on your existing insurance cover and needs. Choose the optional rider benefits to boost the protective element of your plan.

Step 4: Invest your premium in all or any of the 5 available investment funds OR opt for the unique ‘Systematic Switching Strategy’.

A single premium insurance plan “Guaranteed Maturity Insurance Plan” from Bajaj Allianz is the cheapest Life Insurance plan related to Premiums. You start with Rs 5000.00, and in multiples of Rs 5000.00. This Single Premium ULIP plan is more to target the Rural and low income people.

Benefits of the plan are:

1. Secure your investments with guarantee of two times the amount invested as maturity value.
2. No premium allocation charge
3. Option to buy multiple ‘Guaranteed Maturity Certificates’.
4. Flexibility to partially withdraw units after 5 years

Bajaj Allianz Guaranteed Maturity Insurance Plan is a simple to understand single premium unit-linked life insurance plan. The plan offers you to buy “Guaranteed Maturity Certificates” of single premium of Rs. 5,000 each. You have a choice to buy any number of “Guaranteed Maturity Certificates” under a single policy.

Single Premium paid by you under each of the “Guaranteed Maturity Certificates” is invested in the Guaranteed Bond Fund and units are allocated to your policy account at the prevailing unit price of the fund. The value of your policy is the total value of units across all “Guaranteed Maturity Certificates” that you hold in the fund.

Bajaj Allianz Guaranteed Maturity Insurance Plan provides you only one fund option, the Guaranteed Bond Fund. The investment objective of this fund is as follows: Guaranteed Bond Fund

Plan Parameters:

Maturity Benefit will be higher of the Guaranteed Maturity Value of all the “Guaranteed Maturity Certificates” held as on maturity date or the fund value, as on the maturity date. The Guaranteed Maturity Value is equal to 2 times of the single premium paid under all the maturing Guaranteed Maturity Certificate(s).

Premium Paid are eligible for tax benefits under section 80C and maturity benefit , death benefit, and surrender value are eligible for Tax benefits under Section 10(10)D of the Income Tax Act subject to the
provision stated therein.

Edelweiss Tokio Life has launched a new Wealth Creation plan Edelweiss Tokio Life – Wealth Accumulation (Comprehensive Cover). In this plan the highest risk cover is provided in case of death. Along with your Fund Value and chosen Sum Assured, your family will also receive 10% of premium each month for 120 months. The company also offers PE Fund and Managed Fund options in which you need not worry about switching between funds; based on market characteristics your fund allocation will be switched so as to protect growth.

This is the basic plan of the 3 wealth creation plans introduced by Edelweiss Tokio.

Features:
1. Different funds to switch across. There are 6 different funds.
2. Guaranteed Additions is available. This is only available if the Premium Paying term is > 5.
3. Top-up facility to add more to your investments.

Benefits:
Death Benefit: Fund value and Sum Assured OR 105% of basic premium paid .

Surrender Benefit: Fund value will be given to the insurer.

Discontinuance : If the policy is discontinued before 5 years, it will be locked until 5 years of completion. If dis-continued after 5 years, then Fund Value minus any charges related to dis-continuity.

Also read the other 2 related plans for wealth creation.

Edelweiss Tokio Life – Wealth Accumulation (Accelerated Cover)
Edelweiss Tokio Life – Wealth Accumulation (Cover Plus)

Later also read thru the comparison done between the 3 plans.

Edelweiss Tokio Life has launched a new Wealth Creation plan Edelweiss Tokio Life – Wealth Accumulation (Cover Plus). This plan provides the right balance between investment and risk cover. The death benefit is the summation of Fund Value and Sum Assured. The company also offers PE Fund and Managed Fund options in which you need not worry about switching between funds; based on market characteristics your fund allocation will be switched so as to protect growth.

This is the basic plan of the 3 wealth creation plans introduced by Edelweiss Tokio.

Features:
1. Different funds to switch across. There are 6 different funds.
2. Guaranteed Additions is available. This is only available if the Premium Paying term is > 5.
3. Top-up facility to add more to your investments.

Benefits:
Death Benefit: Fund value and Sum Assured OR 105% of basic premium paid .

Surrender Benefit: Fund value will be given to the insurer.

Discontinuance : If the policy is discontinued before 5 years, it will be locked until 5 years of completion. If dis-continued after 5 years, then Fund Value minus any charges related to dis-continuity.

Also read the other 2 related plans for wealth creation.

Edelweiss Tokio Life – Wealth Accumulation (Accelerated Cover)

Edelweiss Tokio Life – Wealth Accumulation (Comprehensive Cover)

Later also read thru the comparison done between the 3 plans.