CAN YOU BE SURE AS TO WHAT MAY HAPPEN TO U IN THE NEXT FEW MINUTES???????

DO YOU LOVE YOUR NEAR AND DEAR ONES AS MUCH AS YOU LOVE YOURSELF????

DO YOU WANT TO BE FINANCIALLY SECURE IN THE EVENT OF ANY UNFORSEEN CALAMITY???

Invest the next 15 minutes of your time to understand INSURANCE in the right perspective...

What is insurance?
Insurance is a contract between two parties where one party (the insurer) agrees to protect the other party (the insured) in the event of any loss or unforeseen event. Insurance can be broadly classified into two categories Life Insurance and Non Life Insurance. What do you mean by Premium payable on an insurance policy? Premium is the periodical amount that the insured needs to pay to the insurance company to enjoy the benefits of the insurance policy.

What do you mean by sum assured?

Sum assured refers to the amount for which the insurance cover is taken.

What is meant by death benefit?

The amount received from the insurance company on the death of the insured is known as death benefit.

What do you mean by riders?

Riders are additional benefits that are added on to an insurance policy to make it more compatible to the needs of the policyholder. Riders are generally applicable only for life insurance and not for general insurance.

What is surrender benefit?

The sum of money an insurance company will pay to the policyholder in the event his or her policy is voluntarily terminated before its maturity or the insured event occurs

What is maturity benefit?

The amount received on the maturity of the policy is known as maturity benefit.

Why insurance???
PRIMARY REASONS
Life is full of uncertainties Provides the much required RISK COVER Serves as a financial buffer in the wake of any unfavorable and un-foreseen circumstances Ensures that near and dear ones are not left in financial doldrums due to any exigency The risk cover that insurance provides has no parallels in the financial world

Why insurance ???

SECONDARY REASONS
Money back plans provides an element of liquidity by returning a portion of the sum assured at regular intervals. This is in addition to the risk cover Unit linked plans invest a percentage of the premiums in market securities and provide returns. This combines market linked returns along with risk cover

OBJECTIVE OF THE PRESENTATION

Highlighting the fundamentals of insurance as a financial product Insight into the Birla Sun Life Insurance and its products available in the market
The tax implications of insurance

COMPANY PROFILE
Launched just before 9 years but still managed to be amongst leading player(7th) in private insurance industry. Strong fundamentals based on the Aditya Birla Groups local insight and Sun Life financials global expertise. Birla Sun Life Insurance pioneered the unique Unit Linked Life Insurance Solutions in India Having 1, 68,090 active advisors, and sold 2.5 million policies. Current AUM of BSLI stands Rs. 8165 crore as on February 28, 2009

In April 2009, achieved the landmark of processing 100% of its claims.

MARKET SHARE(2008-2009)

Source www.siliconindia.com

Protection Plan
Birla Sun Life Insurance High Net worth Plan. Birla Sun Life Insurance Term Plan. Birla Sun Life Insurance Premium Back Term Plan.

Savings Plan
Birla Sun Life Insurance Platinum Plus Birla Sun Life Insurance Guaranteed Bachat Plan Birla Sun Life Insurance Money Back Plus Plan Birla Sun Life Insurance Gold-Plus II Birla Sun Life Insurance Saral Jeevan Plan Birla Sun Life Insurance Supreme-Life Birla Sun Life Insurance Dream Plan Birla Sun Life Insurance ClassicLife Premier

Savings Plan
Birla Sun Life Insurance SimplyLife Birla Sun Life Insurance PrimeLife Premier Birla Sun Life Insurance PrimeLife Birla Sun Life Insurance Flexi Cash Flow Birla Sun Life Insurance Flexi Save Plus Birla Sun Life Insurance Flexi Life Line Birla Sun Life Insurance Single Premium Bond

Health Solutions
BSLI Health Plan. BSLI Universal Health Plan.

Rural
Birla Sun Life Insurance Bima Suraksha Super Birla Sun Life Insurance Bima Dhan Sanchay Birla Sun Life Insurance Bima Kavach Yojana

Retirement Plans
Birla Sun Life Insurance Secure 58 Plan. Birla Sun Life Insurance Freedom 58. Birla Sun Life Insurance Flexi Secure Life Retirement Plan II.

Riders
Accidental Death Rider Accidental Death and Dismemberment Rider Term Rider Critical Illness Rider Waiver of Premium Critical Illness Plus Rider Critical Illness - Woman Rider

PRODUCTS IN DETAIL

Birla Sun life High Net worth Plan

This plan is meant for you if: You are 18 to 65 years of age today. You are looking for an amount of Sum Assured of at least Rs 50 Lakhs. You are looking to cover yourself for the next 10, 15, 20, 25 or 30 years provided you are 75 years or younger at the end of the term. Great rewards associated

Birla Sun Life Insurance Term Plan

Simplest pure risk cover insurance at least cost. Term insurance typically suitable for younger people with children and limited funds who are not covered through an employer. Ideally suited for covering all your liabilities. Premium Riders available along with the plan, Favourable Term - Favourable Premium Rates for Female Clients.

Types of Term Insurance

Level Term Increasing and Decreasing Term Renewable Term Convertible Term Group Term

Birla Sun Life Insurance Dream Plan your dream, Our commitment.
Guaranteed Maturity Benefits Options to double or triple the Guaranteed Maturity Benefit by choosing 200% or 300% options. 100% premium allocation to optimise savings Have options of partial withdrawals and surrender of policy option. Enhanced Sum Assured - Choice to enhance life cover anytime during the policy term at minimal additional cost

Birla Sun Life Insurance Children's Dream Plan.

This plan is meant for you if: You, the Life Insurer, is 18 to 60yrs Your child, the Nominee, is 13 years or younger at entry You must be of age 75 or younger when your plan matures & The Guaranteed Maturity Benefit you choose must be at least: Rs. 75,000 for the 100% Guaranteed Maturity option Rs. 37,500 for the 200% Guaranteed Maturity option Rs. 25,000 for the 300% Guaranteed Maturity option The Enhanced Sum Assured you choose, if any, must be at least Rs. 50,000.

Birla Sun Life Insurance Platinum Plus

This plan is a unit linked, non- participating, insurance plan with,

A policy term of 10 years. A premium paying term of 3 years. An innovative investment fund - Platinum Plus Fund III. Full liquidity after three policy years to meet any cash needs

Eligibility:
Entry Age of Life Insured: 18 to 70 years. Minimum Annual Premium: Rs. 50,000. Minimum Sum Assured: 5 x Annual Premium

Benefits:
Maturity Benefit Death Benefit

Birla Sun Life Insurance Secure 58 Plan

BSLI Secure 58 is the right plan for you if :
You are 18 to 80 years of age Looking to vest anytime between 10 years - 40 years from the entry age. Maximum vesting age is 90 years. You are looking to invest at least Rs. 9,600 per annum for retirement planning. While there are no limits on the amount you can invest in this plan, you can choose your annual base premiums only in multiples of Rs. 1,200 per annum over the minimum premium of Rs. 9,600.

Benefits:
Surrender benefit Tax benefits under section 80CCC and Section 10(10A).

Tax Benefits in Insurance

The benefits under income tax are of two types 1.Deductions:
Sec 80C Deduction is available amounting to Rs. 1,00,000 The benefit for life insurance premium u/s 80C is restricted to 20% of the actual capital sum assured. Surrender of Plan before premium has been paid for two years will result in reversal tax benefit

80CCC Deduction in respect of contribution to pension funds Maximum Rs. 1,00,000 Flexi Secure Life Retirement Plan and Freedom 58 from Birla Sun Life Insurance provides all the benefits. Sec 80 CCE Under Section 80CCE, the overall limit for deduction u/s 80C, u/s 80CCC and u/s 80CCD is Rs. 1,00,000.

2.Exemptions:
Commuted pension: 10(10A)(iii) One-third of the Value at vesting date would be tax-free 10(10D) Any sum received from Life insurance policy as maturity proceeds, death benefits.

SWOT
STRENGTH Multi-channel distribution Well diversified plans 2.5 Million Policies sold till 31st march 2009 Superior investment and risk management framework WEAKNESS Company have not penetrated in the rural market. There is no plan for the low income group. Fees for the advisor is high than the other company.

 Opportunity
Good potential market (77%) Company can penetrate in rural markets.

Threat
OLD HABITS DIE
HARD: Its still difficult task to win the confidence of public towards private company.
Competitors offering similar kind of insurance

RESEARCH ANALYSIS(Ahmedabad)
Which plan have you taken?
No of Peoples Have BSLI Plan

Question. Are you satisfied with the Insurance plan you have?

No. of people satisfied with the plan

Health, 10% Retierment , 22%

28%
Health Retierment Life

Yes No 72%

Life, 68%

 Ques. Are you satisfied with the services provided by the company regarding new plans and schemes?
No. of people satisfied with the services provided by the company

Ques. Are you interested to make more investments in BSLI ?

No. of Peoples want to more investment in BSLI

33%

18% Yes No 82%

67%

Yes No

 Ques. Have you any other Insurance Plan apart from BSLI?
No. of Peoples have other Insurance Plan apart from BSLI?

22%

8% 11% 9%

12%

LIC BSLI BAJAJ ALIYANZ 60% ICICI Others

Yes No

78%

FINDINGS ABOUT THE SELECTIONS OF NEW ADVISOR

Male V/S Female Respondence Marital Status

27% Male Female

39%

61%

Married Unmarried

73%

Qualification of respondent

No of dependents

16% 27%

12th Graduation 23%

15% None 1 to 2 Above 2

62% 57% Post Graduation

Annual Family Income of Respondence

7% Less 100000 23%

17%

53%

100000200000 200000400000 Above 400000

Thank you for your time....