Family Protect with Pension is a unique Proprietary Solution offered by M/s Shan Wealth Pvt Ltd

FPP Offers

1Health Cover for the Family

2Life Cover for the Earning members of the Family

3
Pension for your life, to maintain your current Life style throughout your life

FPP Suits for Person

Aged between 20 and 45 years old
In Single & Married Status
Having regular monthly income
Looking Maximum Value for their Money
Having uncovered Loan from Bank/Institutions/Relatives

Why this Solution Needed

Except Life & Health challenges, we can plan everything in our Life
Cost of Health Challenges impacting our investments is unascertainable
Impact on Family Finances are Huge, when the Loss of Life of Earning member of the Family
This impact will be very huge, when they have any Loan outstanding and not adequately covered with Life Cover

What it Contributes to Life

Peace of Mind
Protection for Family
Protection from financial loss, due to Illness
Post Retirement regular Monthly income

Our Workflows

Workflow

Following the Health Insurance Company process online, to apply for Family Floater Health Insurance Policy
Following the Life Insurance Company process online, to apply for Life Cover for the earning member
Health & Life Insurance policy will be issued subject to reports of your Medical Examination

Workflow

Creation of online Investment Account with MF Utilities to start the MF Investment
Creation of online Investment Account with MF Utilities to start the MF Investment
First year payment of premium to Health & Life policy will be made to respective companies through payment mode of Internet Banking/UPI/Debit/Credit Cards
Subsequent years Insurance premium payments will be made from the MF Investments

Workflow

First month MF Investment debit will commence only after registration of Onetime Mandate
Once the Mandate registered, MF SIP will be triggered to your email
Need the click the said link and enter the OTP delivered and accept the transaction
Then every month debit will happen on the chosen date, and it will continue until your retirement

Workflow

On completion of 12 months, initiation of redemption from MF Investment, to make the payment of both Health & Life insurance renewal premium
Need to approve it within 24 hours of initiation of request
Redemption amount will reach your bank account on 3rd working day, from the date of acceptance of redemption
In next 3-5 days, debit for renewal of Health & Life insurance premium will be initiated by the Insurance companies

Workflow

The above said 4 points needs to be repeated throughout your life, on completion of every 12th month
After retirement, Systematic Withdrawal from your Investment Corpus will be triggered for your approval
On approval, your bank account will be credited on the chosen date to meet the expense of your retirement life

Illustration for a working Couple in the Age of 30, having 4 family members

Illustration given for Non-Smoker / Non-Alcoholic
Premium will increase for Smoker / Alcoholic

Purpose

Health Insurance

Premium

Life Term

Insurance Premium

Mutual Fund

Monthly SIP

Amount

(Incl GST) in ₹

₹17,633

₹24,606

₹4,000

Periodicity

First time only,subsequent years payment made from MF SIP Investment

Every month, with yearly increment of Rs 3,000 until Age 55Investment

Benefits

Family floater Health Cover for Rs 7 lakhs with yearly increase of 100% until 5 years, 6th year onwards ₹49 lakhs Cover till your life time (Claim is there or not)

₹1 Crore Life Cover for both Husband and Wife until their Age 65

Retirement Corpus of ₹3.50 Crores. To meet the monthly post retirement (inflation adjusted) withdrawal, which equivalent to todays value of ₹30,000. Total Withdrawal between Age 56 and 85 will be ₹14.16 Crores