Docstoc

Aviva Young Scholar Advantage

Document Sample
Aviva Young Scholar Advantage Powered By Docstoc
					                                                                                    During such
                    period, your fund will continue to earn income. The Proceeds of such
                    discontinued policy will mean the fund value as on the date the policy has
                    discontinued, after addition of income earned. The income earned under
                    the policy will be based on the interest rate declared by the Company on the
                    basis of the investment income earned in the Discontinued Policy Fund. Such
                    declared interest rate will not be less than the interest rate applicable for
                    savings bank account of State Bank of India. Currently the applicable
                    guaranteed interest rate is 4% p.a. which will change from time to time
                    depending upon the change in savings bank account interest rate or any
                    change in IRDA Regulations.




  481,300   3.06%
  677,821   7.10%
  691,992   3.00%
1,116,850   7.15%
  962,600   3.06%
1,355,642   7.10%
1,383,984   3.00%
2,233,701   7.15%
1,940,091   3.15%
2,729,902   7.18%
2,793,523   3.08%
4,503,364   7.22%
                                Dynamic P/E Fund: [SFIN: ULIF03201/08/2011LIFDYNAMIC122]:
                                To provide long term capital appreciation through dynamic asset allocation
                                between Debt and Equity. The allocation to Equity and Equity Related
                                Securities is determined with reference to the Forward Price Earning (P/E)
                                multiple of the NSE S&P CNX Nifty index and the remainder is invested in
                                Debt and Money Market instruments.




Bond Fund-II:
[SFIN:ULIF01608/01
/2010LIFDEBT-II122]: To
generate a steady income
through investment in
high-quality fixed-income
securities.
Protector Fund-II
[SFIN: ULIF02108/01/2010
LIPROTE-II122]: To generate
steady returns with a
minimum exposure to
equities.
Balanced Fund-II: [SFIN:
ULIF0 1508/01/2010LIBA
LAN-II122]: To generate a
balance of capital growth     Investment Pattern of Discontinued Policy Fund:
and steady returns.           The Investment Pattern for Discontinued Policy Fund will be as follows. The
Growth Fund-II: [SFIN:        Fund Management Charge of this fund will be 0.50% per annum.
ULIF0                          Fund name and objective                  Asset allocation    Risk profile
1808/01/2010LIGROWT-
II122]To generate long-       Discontinued Policy Fund                 Debt & MM:           Low
term capital appreciation     [SFIN:] [ULIF03127/01/2011LIDISCPLCY122] 0 to 100%
with high-equity              To provide a minimum guaranteed rate as
exposure.                     prescribed by IRDA from time to time.    Equities: 0%
Enhancer Fund-II: [SFIN:
ULIF01708/01/2010
LIFENHN-II122] To
provide aggressive, long-
term capital growth with
high-equity exposure.
PSU Fund: [SFIN: ULIF0
2208/01/2010LIFEPSUFND
122]: To generate steady
returns through
investment in PSU and
related equities.

Infrastructure Fund:
[SFIN: ULIF0 1908/01/2010
LIFEINFRAF122] To
generate steady returns
through investment in
infrastructure and related
equities.
Index Fund-II: [SFIN: ULIF0
2008/01/2010LIFINDX-
II122]: To generate returns
in line with the stock
market index – S&P CNX
NIFTY.
Premium Allocation Charge (defined as 100% minus Allocation Rate) –
This charge is deducted from the premium and the balance premium after
deducting this charge is invested as per the Allocation Rate which will
depend on the policy year as detailed below:




An FMC of 1.35% p.a. will be applied for all funds except Discontinued Policy
Fund. In case of Discontinued Policy Fund, the FMC would be 0.50% p.a. The
NAV for each fund except Discontinued Policy Fund will be calculated on a
daily basis.




                                                                                Limited
                                                                                          to the proceeds of the discontinuance fund under the policy and the sum will
                                                                                          be applied to allot the units under the policy in the segregated funds chosen
                                                                                          by the policyholder at the NAV as on the date of such revival.

                                                                                          If the Policyholder exercises the option of complete withdrawal from the
                                                                                          policy without any risk cover within the lock-in-period, the fund value of the
                                                                                          policy after deducting discontinuance charges (mentioned in charges
                                                                                          section), on the date of discontinuance of the policy shall be credited to the
                                                                                          discontinued policy fund. The proceeds of the discontinued policy shall be
                                                                                          refunded only upon completion of the lock-in-period. The income earned on
                                                                                          the fund value shall also be payable to the discontinued policy fund and shall
                                                                                          be payable to Policyholder after the end of lock-in-period.
                                                                                          Net Asset Value (NAV) calculation: The NAV of the fund shall be
                                                                                          computed as:
                                                                                             Market Value of investment held by the fund + Value of Current
                                                                                                 Assets – Value of Current Liabilities & Provisions, if any
                                                                                                        Number of Units existing on Valuation Date
                                                                                                          (before creation / redemption of Units)




Aviva Life Insurance Company India Limited




                  one of




   The proceeds of a discontinued policy shall be payable only after the
   completion of first five policy years (i.e. the lock –in- period) and after addition
   of income earned. The income earned under the policy will be based on the
   interest rate declared by the Company on the basis of the investment income
   earned in the Discontinued Policy Fund. Such declared interest rate will not be
   less than the interest rate applicable for savings bank account of State Bank of
   India. Currently the applicable guaranteed interest rate is 4% p.a. which will
   change from time to time depending upon the change in savings bank
   account interest rate or any change in IRDA Regulations.




                                                                                                                                                Limited



                                A discontinued policy can be revived within
   two years from the date of discontinuance but not later than the expiry of                                             2643                 MKT/AYSA/April 2012/Ver. 1.6
   the lock in period. In case the policyholder opts to revive the policy within
   such revival period, the Company shall add back the discontinuance charges

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:6
posted:4/20/2012
language:English
pages:7