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| SECURE
SARMAYA |
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What
is Secure Sarmaya Plan? |
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Secure Sarmaya
Plan is an innovative, Unit Linked product. It
provides you an opportunity of making secure and
safe investment in a Fund managed by NJI Life
whilst simultaneously enjoying the benefits of
free life and accidental death insurance coverage.
Since this is a whole life plan with no pre-defined
term, therefore you can continue to reap the benefits
of the plan as long as you wish. |
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How
does it operate? |
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Under this
plan, the policyholder will pay a single premium
to purchase the policy. This premium after deduction
of some nominal charges will be invested in a
Fund managed by NJI Life. The fund is invested
in a diverse portfolio with a view to maximize
the returns to policyholders. Thus, the policyholders
will be benefiting from economies of scale and
investment expertise of NJI Life. |
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Who is
eligible for this plan and what is the minimum and
maximum premium? |
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Anyone between
the ages of 18 and 65, can purchase Secure Sarmaya
Plan. The minimum single premium is Rs 100,000
and the maximum is Rs 10,000,000. |
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How
will I know the performance of my investments? |
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Your money
will be converted into units of the funds. The
bid/ offer prices of these units are regularly
published in leading newspapers of the country.
This gives you an easy way to track the performance
of the fund. |
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What
has been the growth rate of NJI Life? |
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We strongly
recommend you to note the performance of every
fund whenever you decide to invest your hard earned
money. At NJI Life, we have been managing the
moneys of our valued policyholders since 1997.
The growth of bid/offer prices of our Unit Fund
is graphically illustrated below: |
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Are
there any guaranteed returns? |
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No.
The returns would fluctuate depending upon the
performance of the underlying investments. However,
with the diversity provided only through an economy
of scale, you would always enjoy the safety that
is not possible if the money is invested independently. |
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What
if I want to make further investments? |
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A
policyholder can make additional investments any
time. These will be treated as Adhoc Premiums
and would be invested in the Unit Account of the
policyholder at the then prevailing offer price.
There will be no need to buy a new policy unless
you require additional free insurance coverage. |
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What
if emergency withdrawals need to be made? |
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Unlike
many fixed investments, Secure Sarmaya Plan allows
you the flexibility to make partial withdrawals
(without any early surrender penalty) and leave
the balance to continue to participate in the
performance of the Secure Sarmaya Fund. Criteria
of minimum balance required to continue policy
are: |
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| 1. |
Policy with initial premium
between 100,000 and 499,999, minimum residual
balance should be equal to premium amount |
| 2. |
Policy with initial premium
500,000 and above, minimum residual balance
should be 500,000 |
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What
other benefits are included in this plan? |
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Secure
Sarmaya Plan has a universally free life and accidental
death insurance coverage. |
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Free
Life Insurance Coverage Around the World |
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In
addition to your investment growth, Secure Sarmaya
Plan has the feature of free life insurance coverage.
Basic life insurance coverage would be extended
to the policyholder after 6 months from the commencement
date of this plan. The basic sum assured under
the plan will be equal to 5% of the initial single
premium. Free life insurance coverage will remain
available to policyholder till the attainment
of age 65. |
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Additional
Accidental Death Coverage |
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Apart
from free basic life insurance coverage, additional
accidental death benefit equal to twice the basic
sum assured (i.e. 10% of initial single premium)
will be available if, God forbid, the policyholder
dies due to accident before attaining the age
of 65. |
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To
whom will the benefits be paid? |
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In
case of death of the policyholder, the accumulated
cash value of the plan along with the applicable
death benefit will be paid to the person nominated
by the policyholder. |
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If
I have more questions whom should I contact? |
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Please
feel free to call New Jubilee Life Insurance Company
Limited at any of the offices nearest to you. |
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Disclaimer: |
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This
brochure is not the contract. It is strongly recommended
to thoroughly review Standard Policy Conditions
of Secure Sarmaya Plan before buying a policy.
Terms and conditions may apply to above benefits. |
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For Our Financial Advice, Please Provide Your Details |
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