Presentation to Graeme

1
Aviva Life Insurance
Easy Life Plus
2
Agenda

• Product at a glance
• Product construct
• Key features
• Charges
• Illustration

3
EasyLife Plus Product construct
Rs 6,000
Minimum Annual Premium
10APE
Sum Assured
4
EasyLife Plus Key features
Unique attractions

• In-built ADPTD
• In case of death due to accident, an additional
  SA is paid along with death benefit of Higher of
  (SA, FV)
• In case of PTD due to accident, SA FV is paid
  and policy terminates
• Top Up Premiums (TUP)
• Minimum top up premium is Rs 1,000
• Maximum top up premium is 25 of total regular
  premiums paid till date
• All due premiums must have been paid

5
EasyLife Plus Key features
Flexibilities

• To switch between the 3 unit linked funds,
  anytime, any number of time
• Minimum switch amount and balance after (part)
  switch Rs 5,000
• First 4 switches in a policy year are free of
  charge 0.5 of amount switched (max Rs 500) for
  subsequent switches
• To change allocation proportion of future
  premiums, anytime, free of charge
• Upto 2 times a year
• Minimum allocation in each selected fund must be
  10
• Partial withdrawal (PW)
• From regular premium account After 10 policy
  years
• From top up premium account After 3 years
• Upto 4 PW allowed in a policy year
• Minimum PW of Rs 5,000 and minimum balance after
  withdrawal to be one year premium
• Maximum PW per policy year 25 of RP units (if
  age lt 58 years) else no limit subject to minimum
  balance of one year premium

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EasyLife Plus Key features
Investment Fund Options
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EasyLife Plus Key features
Benefits

• On Death
• Death during First year Higher of 50 SA or Fund
  Value wrt regular premium is paid
• Death after First year Higher of SA or Fund
  Value wrt regular premium is paid
• In case of accidental death, an additional SA
  will be paid
• In case of PTD due to accident, SA FV will be
  paid
• Value of units pertaining to top up premium, if
  any, will also be paid
• On Maturity
• Fund Value wrt regular premium and top up
  premium, if any, is paid
• Opt for Settlement option whereby all or part of
  maturity benefit will be paid as structured
  payouts over a period of 1 to 5 years

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EasyLife Plus Charges

• Policy Administration Charge
• Rs 45 per month that will increase by 5 p.a.
  from 1st January each year
• Premium Allocation Rate
• First 5 years lt Rs 10k gtRs 10K
• PT 10 years 85.0 87.0
• PT 15 years 82.5 84.5
• PT 15 years 80.0 82.0
• From 6th year onwards 95 p.a. for all PT and APE
  bands
• Top Up Premium 98

• Fund Management Charge
• Protector Fund 1 p.a.
• Balanced Fund 1.25 p.a.
• Growth Fund 1.5 p.a.
• Surrender Charge on RP units
• Upto 1 year premiums paid 100
• Upto 2 years premiums paid 75
• Upto 3 years premiums paid 50
• Upto 4 years premiums paid 25
• Upto 5 years premiums paid 10
• More than 5 years premiums paid NIL

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EasyLife Plus Illustration
For a 30 year old investing in Balanced Fund for
policy term of 20 years