CHAPTER 3

3.1 POLICY PROFILE:

BRIISK offers many insurance policies as a product service. Some of the products of briisk
are:

• ICICI PRUDENTIAL GURANTEED INCOME FOR TOMMOROW

• ICICI FUTURE PERFECT
• CARE HEALTH INSURANCE PLAN
• HDFC LIFE SANCHAY PLUS.

3.2 POLICY FEATURES:

3.2.1 ICICI PRUDENTIAL GURANTEED INCOME FOR

TOMMOROW:
THE ICICI PRUDENTIAL GURANTEED PLAN is a protection and savings oriented life
insurance plan with guaranteed benefits to help you achieve your goals.

3.1 ICICI PRU GUARANTEED INCOME

3.2.2 BENEFITS OF THE PLAN:

• Life insurance cover for financial security of your family

• Guaranteed benefits in the form of a lump sum or regular income to help you save
for your goals
• Option to receive guaranteed income from 2 year onwards
• Tax benefits may be applicable on premiums paid and benefits received as per the
prevailing tax laws.
• Option of taking loan against policy to help you in case of financial emergencies.

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 3.2.3 POLICY PLAN:

The plan is divided into 4 further option plans:

• Plan option in lump sum
• Plan option in income
• Plan option in early income
• Plan option in single pay income

Table 3.2.3 ICICI Pru Policy Plan

3.2.4 POLICY USAGE:

We can restore (revive) your policy benefits for their full value within five years from the due
date of the first unpaid premium by paying all due premiums together with interest before the
termination date of the policy. Please refer to Clause 6 under Terms & Conditions. Once you
start paying premiums again, the reduced benefits will be restored to their full value.

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Any change in revival conditions will be subject to prior approval from IRDAI and will be
disclosed to policyholders. Once you start paying premiums again, the reduced benefits will be
restored to their full value.

3.3 ICICI FUTURE PERFECT:

In our day to day lives, we strive towards achieving our goals: purchasing a flat, securing
our children’s future needs, dream vacation in an exotic location and living peacefully after
retirement. We bring you an ideal savings and protection oriented plan, ICICI Pru Future
Perfect to help you fulfill these goals.

3.2 ICICI Future Perfect

3.3.1 BENEFITS OF THE PLAN:

• Savings with the comfort of guarantees - At maturity of the policy, you

receive:
» Guaranteed Maturity Benefit (GMB)
» Accrued Guaranteed Additions (GAs)
» Vested reversionary bonuses, if any
» Terminal bonus, if any
• Protection - Get life cover for the entire policy term
• Tax benefits – Tax benefits apply to premiums paid T&C3 and benefits
received as per the prevailing tax laws

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 3.3.2 POLICY PLAN:

Table 3.3.2 ICICI Futute Perfect Policy Plan

3.3.3 POLICY USAGE:

The revival of the policy may be on terms different from those applicable to the policy before
premiums were discontinued; for example, extra mortality premiums or charges may be
applicable. The revival will take effect only if it is specifically communicated by the Company
to the policyholder. The Company reserves the right to refuse to revive the policy. Any change
in revival conditions will be subject to prior approval from IRDAI and will be disclosed to
policyholders. On revival of a paid-up policy, the paid-up Sum Assured on death, paid-up GAs
and paid-up GMB will be restored to the Sum Assured on death, GAs and GMB applicable at
the time of premium discontinuance. All applicable GAs, and reversionary bonuses declared
since premium discontinuance up to the date of revival, shall accrue to the policy and the
contingent reversionary bonus attached to the policy will be reversed.

3.4 CARE HEALTH INSURANCE PLAN:

It is a complete Health Insurance Plan’ get a wide-range of new-age benefits that make
your coverage comprehensive and keep you fully secured. Care Health Insurance currently
offers products in the retail segment for Health Insurance, Critical Illness, Personal
Accident, Top-up Coverage, International Travel Insurance and Maternity along with
Group Health Insurance and Group Personal Accident Insurance for corporates.

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 3.3 Care Health Insurance

3.4.1 BENEFITS OF THE PLAN:

• Unlimited recharge of Sum Insured that can be utilized by same person for same
illness
• 200% increase in Cumulative Bonus*
• Inflation adjusted increase in Sum Insured every year
• Personal accident coverage for primary insured member
• Stay fit and earn reward points through earn & burn program.

3.4.2 POLICY PLAN:

Plan Name Care Plus
Sum Insured (SI) - on annual basis (in Rs.) 3L / 5L / 7L / 10L / 25L
Entry age - minimum Individual : 5 years (Benefit: Earn & Burn shall
be available for member of 18 years or above)
Floater : 91 days with at least 1 member of age
18 years or above
maximum Adult: Lifelong | Child: 24 years
Cover type Maximum up to 6 persons Floater: 1A1C / 1A2C
/ 1A3C / 1A4C / 2A / 2A1C / 2A2C / 2A3C / 2A4C
Tenure options 1/2/3 years

Table 3.4.2 Care Health Insurance Policy Plan

3.5 HDFC LIFE SANCHAY PLUS:

While there are many opportunities that come with respective benefits, the assurance and
convenience that a life insurance plan with guaranteed benefit offers is irreplaceable. We
at HDFC Life bring to you “HDFC Life Sanchay Plus”, a plan that offers guaranteed returns
for you and your family.

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 3.5 HDFC Life Sanchay Plus

3.5.1 BENEFITS OF THE PLAN:

• Guaranteed benefits – Rest assured of the returns
• Tax benefits – You may be eligible for tax benefits as per prevailing tax laws
• Flexibility – Guaranteed benefits as a lump sum or as regular income
• Life Long Income option – Guaranteed income till age 99 years
• Long Term Income option – Guaranteed Income for a fixed term of 25 to 30 years
• Optional Riders – Enhance your protection coverage with rider options on
payment of additional premium

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 3.5.2 POLICY PLAN:

Table 3.5.2 HDFC Life Sanchay Plus Policy Plan

3.5.3 POLICY USAGE:

We can revive your lapsed/paid-up policy within the revival period (specied below) subject to
the terms and conditions we may specify from time to time. For revival, you will need to pay
all the outstanding premiums and interest on the outstanding premiums and taxes and levies as
applicable. The current rate of interest for revival is 9.5% p.a. Interest rate will be as prevailing
from time to time. Please contact our Customer Service department to know the applicable
interest rate. The revival period shall be of five years from the due date of the first unpaid
Premium and before the expiry of the Policy Term. Once the policy is revived, you are entitled
to receive all contractual benefits.

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