New policies came!
Companies came into market with ULIP Policies with attractive income options due to the changes of limitations on fund management fees by IRDA which came into effect from January. Highlights of them are guaranteed returns and loyalty auditions. Details of some of the policies that came by this way…

Four from Max New York:
Fortune builder:
This policy is made with an option of increasing insurance security every year. There is a facility of asset allocation depending on the age. It is offering highest loyalty audition. They are offering loyalty audition of 120% on insured amount after 10 years, 210% after 15 years and 290% after 20 years.

Unit builder Plus:
It is enough to pay for 10 years even this policies time period is 20 years! You can avail money back of 25 % of the yearly premium from the 11th year onwards. After completing the tenure, full amount can be taken. This plan is also offering loyalty audition. They add 100% annual premium to the fund value after 10 years.

Smart invest pension super:
This plan is introduced without any premium allocation charges. Premium can be paid in regularly or at once. 60% bonus on annual premium can be availed during maturity. In these policies where the maximum amount of insurance is Rs. 10 lakhs, loyalty audition can also be availed for the regular premium payers.

Smart Express:
In order to sustain the changes in the investment field, this policy turns your money form DET plan to equity in a systematic way. This policy invest maximum in DET Plans. It turns 1/12th part of your fund value into equity every month. This facility is for only those who pay regularly. Seven fund offers are waiting for the customers who pay limited and single premium.

Two from Reliance:
‘Jeevan Samridhi’ for Rs. 50 only…
‘Jeevan Samridhi’ released into market by Reliance Life Insurance has the features of low premium, group insurance with guaranteed income, traditional policy features. It is offering insurance along with accidental insurance for a premium of only Rs. 50 per month. And guarantee income is another highlight of this plan. Company will announce the income that is paid in that year. But there should be a minimum of 5,000 members to join this plan. Minimum premium is Rs.5, 000 and maximum is Rs.10, 000.

Traditional Super Invest Assure:
This is unit based policy like traditional policies that give guaranteed profits. Though being ULIP, company will announce the guaranteed income yearly in advance. It announced a guaranteed income of 7.5 % for the year 2009-10. Also it is offering a loyalty benefit of 50% for every 5 years after 10th year. Policy minimum tenure is 15 years. Maximum is 30 years. Minimum annual premium is Rs.5, 000/-. Children above age of 30 days and people below 60 years are eligible for this plan.