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Best Ulip Plan: SMART POWER (Sample Illustration)

This document describes a best ULIP plan for regular investment. It is a regular term investment plan with an entry age of 18-45 years and maximum maturity age of 65 years. The plan offers Rs. 6,00,000 of life insurance coverage with monthly investments of Rs. 5,000 for 20 years. It provides various fund options, partial withdrawals after 5 years, fund switching, premium redirection, and tax benefits under Sections 80C and 10(10D). The death benefit is the higher of fund value or insurance coverage amount.

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626 views1 page

Best Ulip Plan: SMART POWER (Sample Illustration)

This document describes a best ULIP plan for regular investment. It is a regular term investment plan with an entry age of 18-45 years and maximum maturity age of 65 years. The plan offers Rs. 6,00,000 of life insurance coverage with monthly investments of Rs. 5,000 for 20 years. It provides various fund options, partial withdrawals after 5 years, fund switching, premium redirection, and tax benefits under Sections 80C and 10(10D). The death benefit is the higher of fund value or insurance coverage amount.

Uploaded by

Tricolor C A
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BEST ULIP PLAN

[FOR REGULAR INVESTMENT]


SMART POWER [Sample Illustration]
Monthly Insurance
Years (Term) Fund Value Description
Investment Cover

1 5,000 6,00,000 Regular Term Invesment Plan

2 5,000 6,00,000 Entry Age: 18 years to 45 years

3 5,000 6,00,000 Maximum Maturity Age: 65 years


Various Fund Options available in Smart Choice
4 5,000 6,00,000
- Pure Fund / Top300 Fund / Bond Optimiser
Fund / Balanced Fund / Bond Fund /
5 5,000 6,00,000
Corporate Bond Fund / Equity Optimiser
Fund / Equity Fund / Growth Fund / Money
6 5,000 6,00,000 5,45,340 Market Fund

7 5,000 6,00,000 6,77,981


Yearly partial withdrawal facility available of
15% of Fund value after 5th year onwards
8 5,000 6,00,000 8,26,539

9 5,000 6,00,000 9,92,924


Yearly two free fund switching and Yearly two
free premium redirection facilities
10 5,000 6,00,000 11,79,275

11 5,000 6,00,000 13,87,988 Tax Benefits available under Sec. 80C upto
Rs.1.5 Lakhs per Annum & Sec. 10(10D) on
12 5,000 6,00,000 16,21,746 maturity with Zero Tax

13 5,000 6,00,000 18,83,556


Paying mode: Monthly [Rs.2000 & above]
Quarterly [Rs.5,500 & above]
14 5,000 6,00,000 21,76,782
Half-Yearly [Rs.9,500 & above]
Yearly [Rs.15,000 & above]
15 5,000 6,00,000 25,05,196

16 5,000 6,00,000 28,73,020 Cashless Transactions Only

17 5,000 6,00,000 32,84,982


Death Benefit: Either fund value or the
18 5,000 6,00,000 37,46,380
Insurance Cover value whichever is higher is
paid to the nominee in case of policyholder's
19 5,000 6,00,000 42,63,146 death occuring during the policy period

20 5,000 6,00,000 48,41,924

Note: Fund values are prepared on 12% CAGR, since inception returns are 18%

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