INVESTMENT IN LIFE INSURANCE

INVESTMENT BOND FOR LIFE INSURANCE FROM BANK OF BARODA In fixed returns sector the maximum return is in the life insurance investment. Premium to be paid is only for 12 yrs and he has not to pay anything in the last 3 yrs

FEATURES OF INVESTMENT PLAN Brand (bank of Baroda, 2nd largest govt bank) minimum amount is 30,000, maximum it has no limit and in the first year we have to pay the amount in full, instalment option is not available in the first year. Minimum age is 18yrs.

CATEGORY:- (investment bond with life cover )

TENURE There are two types of tenure 1. maturity tenure (15yrs) 2. Premium paying tenure (12 years)

CASH BACK FEATURE Customer is returned back their annual premium in the 3rd, 7th Nd 11th year

RETURN:- on the premium fixed 8% compound interest per annum

ADDITIONAL RETURNS :- bonuses- Revisionary bonus (banks give
Bonus on their own) (2% simple interest minumum) Terminal bonus(40%-60% of life cover at maturity) it is given at the time of maturity for completing the full term. It is used as a cover against inflation. It is added up in the investment

LIQUIDITY :- 1. Assignment(transferring the ownership, no penalty charges)

NOTE:- If you want to transfer within first five years then only you will find the owner yourself. If you want to transfer after 5 years, company itself will find a new owner for you.

paid up value feature;- customer can stop paying the premium after 2 years and can withdraw all the money after 5 years (no penalty charges) Surrender:- terminating the investment, (penalties is charged)

TAX BENEFIT Under section 80c and 10(10D)

LOAN BENEFIT:- You can withdraw upto 80% of the total premium paid as a loan from the bank for upto 2 years.

And you can mortgage this investment as a loan by keeping it as collateral

LIFE COVER in case the customer dies the nominee will be given 10x the first annual premium. And compound interest till the time of the death. And terminal bonus will also be given.

USP OF THE Portfolio:- 1. Brand value/goodwill 2. Highest fixed return 3. Easiest liquidity 4. Tax benefits.

DM for more details. NOTE:- This is the highest fixed return you will ever get from a investment product.

submitted by /u/gameygamer15
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