Investment cum insurance

2007-04-22T19:52:00.001+05:30

Introduction

If you have entered this website, you have, by your good fortune entered the premises of wealth, prosperity and life security. Welcome to the website of one of the Insurance Coordinators of TLC Insurance (India) Pvt Ltd, an ISO 9001-2000 company, which is an authorized channel partner for marketing Bajaj Allianz insurance products. Bajaj Insurance conglomerate is a tie-up between Bajaj, the famous Automobile giant in India and Allianz, one of the leading insurance majors in the world.

The Bajaj group is an Rs.8000 Crore group in India backed by a solid 55 years of experience and the 4th largest group in the world. Powered by an employee strength of over 15,000 employees and credited with the label of one of the largest 2 & 3 wheeler manufacturer in India, no wonder Allianz was more than willing to join hands with this well established group to market their products of insurance in the growing Indian Economy.

Allianz, a German major established in 1890, also supported by a solid 115 years of financial experience is estimated to have an asset base of over Rs. 58, 92, 000 Crore.

What is the Insurance plan we are talking about?

The plan that is being discussed about is the Capital Unit Gain, an investment cum insurance plan that offers the best of both the worlds of investment cum life insurance under one roof. Unlike the earlier days, when people were forced to check in for different options for investment in mutual funds and Life Insurance, fortunately Bajaj Allianz pioneered the concept of having both the benefits under one roof and according to a report in a Tamil daily dated, 11.12.2006, Bajaj Allianz Life Insurance Company had managed to do business to the tune of Rs.5000 Crore in the past 5 years. The company has created 19 lakh policyholders and nearly investments of about 70.8 Crores have been made by the company as on that date.

How TLC plays a pivotal role and what are the advantages when policy is taken through TLC (Team Life Care Insurance Pvt Ltd)?

TLC is an authorized channel partner for marketing Bajaj Allianz Insurance products. Due to the improved funding methodology to the tune of 95% minimum allocation of premiums paid, TLC at present focuses on Capital Unit Gains policy. The concept of TLC is Take one policy. Refer 2 policies. When the Bajaj Allianz policy is taken through TLC, and the network is developed incredible benefits such as cash incentives to the tune of Rs. 50,000/- for every entry for every 15 days, foreign tour achiever, Car Achiever status, Pensioner Status and finally the most coveted status of achieving the Director status in company is also possible. To know more details, click http://www.tlcnet.in

The possibilities for achievement

An insurance study suggests that out of 40 people only one person has insurance at present. In terms of percentage it is opined that roughly about 22% have their lives insured and there is a vast majority of the rest of 78% to be insured. This offers a wide scope of marketing the policy. The requirement is expected to double in the next 5 years in our nation, when compared to other Asian countries. This is due to the increased awareness in insurance and enhanced income options due to better economic conditions. Tens of crores of people are remaining uninsured and thus, the opportunities for marketing this particular product to our friends and acquaintances are brighter inasmuch as we create an investment and insurance security for them. The more efficiently we work, the faster we are able to take back cash incentives and other achievements from the company.

Methodology of investment

The annual premium is invested in the capital markets and the fund is allowed to grow. The fund is expected to perform very well keeping in view the sentiments of the capital market growth and healthy economic indices in India. The changing economic perceptions and rising inflation has even made common men to turn towards mutual funds as this is one of the best options to look forward to keep in pace with the future plans. Why not try it out, when the option offers one to explore it with a combination of Life insurance cover? The premium amount paid is invested in the form of Units and an insurance document is given to the insured, detailing the number of units allotted with respect to the chosen premium.

What is the rate of return?

Studies conducted on equity markets reveal that the compounded annualized return for the period 1991- 2000 was 20.07% on the minimum and for the period 1995- 2004 it was 38.24 % maximum. Imagine the fund invested for a period of minimum of 10 years and you can see for yourself the growth modestly calculated on the minimum side.

Ø Please note that mutual fund investments are subject to market risks and the growth projections need not be sustained.

What is the minimum duration of investment?

The minimum period of investment is 3 years. This doesn’t mean that you have to come out of the premium payments after 3 years necessarily. The fund may be allowed to perform even up to 25 years. Also, you may pay the premium continuously as long as you wish. Your fund will perform accordingly with an anticipated yield as above. Premiums are to be paid every year up to 3 years minimum.

What are the premium slots available?

The premiums available are Rs. 5,600/- Rs.10,000/- Rs. 25,000/- Rs.50,000/- Rs.1,00,000/-. Please note that half yearly premium is available only for Rs. 5,600/-.

What is the Age for entry?

Age for entry is 0- 60 years.

What is the Sum Assured as part of Life Insurance?

Age At entry New Unit Gain Star Plan New Family Gain
(Premium Rs.10,000/- P.A) (Rs.25,000/-P.A) (Rs. 5,600/-P.A)
(Sum Assured) (Sum Assured) (Sum Assured)
0- 10 years 3,50,000/- 8,75,000/- 1,68,000/-
11-20 3,00,000/- 7,50,000/- 1,68,000/-
21-30 2,50,000/- 6,25,000/- 1,40,000/-
31-40 2,00,000/- 5,00,000/- 1,12,000/-
41-45 1,50,000/- 4,00,000/- 84,000/-
46-50 1,50,000/- 3,00,000/- 84,000/-
51-55 1,00,000/- 2,50,000/- 56,000/-
56-60 1,00,000/- 1,75,000/- 56,000/-

Age at entry Premium Premium
(Rs. 50,000/-) (Rs.1,00,000/-)
(Sum Assured) (Sum Assured)
0- 10 years 17,50,000/- 35,00,000/-
11-20 15,00,000/- 30,00,000/-
21-30 12,50,000/- 25,00,000/-
31-40 10,00,000/- 19,50,000/-
41-45 7,50,000/- 15,00,000/-
46-50 6,00,000/- 12,00,000/-

Salient Features of the Capital Unit Gain Policy

v Premium as low as Rs. 2800/- half yearly. Rs. 5600/- yearly.

v IRDA (Insurance Regulatory Development Authority) approved.

v Funds available: Liquid Fund (Low risk), Bond fund (Moderate risk), Equity Growth Fund (very high risk), Equity Index Fund II (High risk)), Accelerated Mid Cap Fund (very high risk)

v Choice of funding either left to the insured or company will choose depending on the age of the insured.

v Premium Allocation: Rs. 10,000 – Rs.1,99,999 – 95%
Rs. 2,00,000 – Rs. 9,99,999 – 96%
Rs. 10,00,000 + - 97%

v Coverage – Up to 70 years.

v Withdrawal option for investments at the end of 4th year onwards, leaving behind 150% of Annual premium. This is necessary to enjoy the full life coverage. But it is advisable to leave the investment for a long-term capital gain, which is expected to yield excellent returns.

v Accidental death benefit is twice the sum assured.

v Long term planning will accrue very good returns.

v Minors are permitted to take the amount only after their 18th year. This is formulated with a view to see that their investment is used for their education or their marriage clauses.

How to join

Please leave your e-mail ID or any mode of contact as you desire in the comments column so that you will be contacted immediately. Opportunity seldom knocks the door and when it does, let’s use the best of it. Take a policy and refer 2 policies. Your contacts may be anywhere in India. NRIs with dual citizenship are also eligible to take policies. They are also potential sources for approach. The author of this website is a coordinator of TLC and is at your service for a mutually beneficial business relationship. Come. Let’s join hands to insure others’ lives and in the process earn handsome rewards too. Best of luck.

Investment cum insurance

2007-04-22T19:52:00.000+05:30

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Investment cum insurance

Investment cum insurance