mm_layoff - slides v1.0
TRANSCRIPT
-
7/31/2019 MM_Layoff - Slides v1.0
1/14
AXE PROOF INSURANCE
-
7/31/2019 MM_Layoff - Slides v1.0
2/14
-
7/31/2019 MM_Layoff - Slides v1.0
3/14
WHY LAY-OFF INSURANCE IS NEEDED!
2.6 million job losses in 2008 in USA
1.3 million job losses in 2009-10 in India
Inability to pay back EMIs, continue basic sustenance Loss of self-Esteem
Harassment by loan recovery agents, society
Frequent recessions in the Global Economy leading to
uncertainties about future
Effects of last recession are still raw in the averageurban employees minds
-
7/31/2019 MM_Layoff - Slides v1.0
4/14
DO YOU FEEL LIKE THIS EVERY DAY AT WORK?
-
7/31/2019 MM_Layoff - Slides v1.0
5/14
-
7/31/2019 MM_Layoff - Slides v1.0
6/14
You get Laid Off
You get Paid Off
-
7/31/2019 MM_Layoff - Slides v1.0
7/14
PRODUCT OFFERINGS
Choose the correct Product Offering for you
Fixed Premium based
Percentage of Salary based
Pay a yearly premium
If you get laid off - Submit a letter from the
HR of the company mentioning the same
-
7/31/2019 MM_Layoff - Slides v1.0
8/14
WHAT WILL WE DO THEN?
Do a situational verification within 10 days.
Will pay you the agreed amount
For a period of 12 months or
Until you get yourself a new job, whichever is
earlier.
-
7/31/2019 MM_Layoff - Slides v1.0
9/14
WHAT DO YOU NEED TO DO IN RETURN?
Enjoy a 1 year Holiday period after securing
job/completion of 12 month payment period
Re-continue premium payments thereafter
Depending on selected policy
75% of paid out amount to be returned in
installments
100% of paid out amount to be returned in
installments
-
7/31/2019 MM_Layoff - Slides v1.0
10/14
NUMBER GAME
Personal loan rates range from 18% to 24%. 20K paid monthly for 12 months at 18% p.a. will cost
you 2.61 lacs
With one year Holiday period, the amount comes to
3.1 lacs You pay only 75% of the money back
if you do not opt for Holiday period of 1 year so you payonly 1.8 lacs
You pay complete 100% of the money back if you opt for Holiday period and you pay 2.4 lacs
Cover starts after 6 months of paying the premium
-
7/31/2019 MM_Layoff - Slides v1.0
11/14
PLAN 1
Monthly salary up to 50K Premium 10K to 50K per year. Can not exceed
80% of monthly income
You get paid up to 80% of your premium per
month
No money back
Loyalty BonusIf you dont claim it for 3 years
we pay your 4th year premium No collateral
-
7/31/2019 MM_Layoff - Slides v1.0
12/14
PLAN 2
Monthly salary from 50K to 2 lacs Premium from 20 K to 1 lac per year. Can not
exceed 60% of monthly income
You get paid up to 80% of your premium per
month
Loyalty Bonus
Option available to increase/decrease premium
No collateral
-
7/31/2019 MM_Layoff - Slides v1.0
13/14
FUNDS
Seed funding 10 lacs Expect about 200 customers in the first
year
Expect 100 to drop and 400 new toonboard to make a total of 500 by the
second year
Estimated average premium 20K percustomer
Venture Capital funding
-
7/31/2019 MM_Layoff - Slides v1.0
14/14
PROMOTION