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Introducing the First-in-industry IDFC FIRST Bank's Super Account
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You gain a dedicated partner committed to helping you reach your full potential and achieve new heights
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Convert the idle funds in your current account into a fixed deposit with the BRAVO feature.
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Eligibility Criteria for Tata AIA Life Insurance Smart Value Income Plan
Eligibility
| Plan Parameters | Minimum | Maximum | |||||||||||||||||||
| Age at Entry (years)# | 30 days |
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| Age at Maturity (years)# | 18 |
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| Policy Term (PT) (years) |
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| Premium Payment Term (PPT) (years) |
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| Premium (Rs.) | Single/Limited/Regular Pay: 24,000 p.a. | No Limit (subject to Underwriting Policy) | |||||||||||||||||||
| Premium Payment Mode | Single/ Annual/ Half-yearly/ Quarterly/ Monthly | ||||||||||||||||||||
| Cash Bonus Payout Frequency | Annual / Half-yearly / Quarterly / Monthly | ||||||||||||||||||||
| Plan Option | Option 1 – Cash Bonus Option 2 – Accumulating Cash Bonus | ||||||||||||||||||||
Commission Structure:
Details of the Commission earned by the Bank as corporate agent from Life Insurance distribution business are as follows:
Category |
First Year Commission |
Renewal Commission |
Single Premium Commission |
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Min |
Max |
Min |
Max |
Min |
Max |
|
Pension |
15.00% |
35.00% |
0.50% |
9.00% |
1.00% |
2.00% |
Protection |
15.00% |
35.00% |
2.00% |
8.00% |
1.00% |
2.00% |
Savings & Investment |
15.00% |
35.00% |
1.00% |
11.00% |
- |
- |
Health |
15.00% |
35.00% |
1.00% |
7.00% |
- |
- |
ULIP |
15.00% |
15.00% |
0.50% |
2.00% |
2.00% |
2.00% |
Please note, commission payable for group products is Min 5% and max 7.5%.
Note: The commission varies depending upon the product in each category, tenure, amount of premium and premium paying term.
Note: The commission varies depending upon the product in each category, tenure, amount of premium and premium paying term.
*For Group Products commission payable is with a ceiling on the maximum payout as defined by Insurance Regulatory and Development Authority of India (IRDAI) from time to time
