prtp final v7 final distribution

7/31/2019 PRTP Final v7 Final Distribution

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Welcome!



Just like any house should be built on a

strong foundation, all families need tostrengthen their 4 C’s

The father of Modern Economics & capitalism,Sir George Adam Smith,

in his famous book, The Wealth of Nations,

wrote a few principles for all to follow…



The 4 C’s



Inspite ofno otherpillars

beingthere,

Insurance

protectsyour familyfinancially

There is a huge

‘IF’in life!

Because…



Creation of Income

Continuation of Income Conservation of Income

If something happens to the bread

winner…?

Consumption goes

on, and the familyhas no choice but to

live on past savings,

with no source of

future income.

And the familycollapses!



Average financial support for which your family depends on you through different stages of life…

Child’s Marriage

Rs.10,00,000

Child’s College Education

Rs. 4,00,000

And life should go on…

Family Health ProtectionRs. 30,000 p.a.

EMIs for Home Loan/

Rent Rs. 1,50,000 p.a.

Household Expenses

Rs. 3,00,000 p.a.

Child’s School Expenses Rs. 24,000 p.a.



All families need the 5th pillar…

Your 5th

category

And so…



80

69

65

54

52

46

44

40

40

To protect my family in case of my untimely

death

To get lump sum money at a future date for my

child's Future

For old age security/retirement

For Disciplined saving

Because it gives good returns

Because it's a safe investment option

As an additional investment option

To save tax

Get dual benefits of Insurance & Investment

Why do we buy life insurance?

Source: Usage & Attitude study of Life insurance conducted by Nielsen in

Oct-Dec 2010 covering 17 cities

Fig in

%

So what is YOUR reason for protecting

your family…!

Life Cover remains

the No. 1 need forbuying life

insurance!!!



We just can’t be prepared enough!

Go on thinking

that it’ll never

happen to us…?

Act

NOW!

So what keeps us from deciding…?



Customer Concerns & expectations…

If I buy a term

policy, I lose all themoney in case I

survive the policy

term.

I don’t want to

pay premiums for

a long time!

Any additional

benefits available in

your plan?

I need a big lifecover, but it needs

to be affordable

and economical



Source: IMRB Project Security Feb 2011

Research reveals that customer needs comprehensive life coverage,

but is not willing to forego the premium paid in case of survival

PremiumPayment

Term

PolicyTerm

LivingBenefit

DeathBenefit

AdditionalBenefit

CustomerResponse out of

100

Plan 1 30 Years 30 Years NILSum

AssuredNIL 18

Plan 2 30 Years 30 YearsReturn of all

premiums paid

Sum

AssuredNIL 43


premiums paid

Sum

Assured NIL 67


premiums paid

Sum

Assured

Inbuilt Accidental

DeathBenefit

92

Customer

Research

indicates a

clear

preference for

Limited PayTROP design

with an inbuilt

accidental

benefit



So what you need, is…



A term plan that pays you to protectyour family!!!



MNYL Premium Return Plan offers

• Long term life coverwith limited premiumpayment term

• Additional life coverwith inbuiltaccidental deathbenefit

• Return of premiumson survival at the endof policy term



Flexibility to choose the period of life cover you believe youneed!

Long term life cover withLimited premium payment term

What’s more! Pay premiums only for 11 years

25 Year-

term

30 Year-

term



PRTP has an inbuilt Accidental Death Benefit to secure your family against such

an eventuality…

In case of death by an accident, the family will receive:

100% Sum Assured + 50% of the base Sum Assured

= 150% of the Sum Assured !

Comprehensive life cover withinbuilt Accidental Death Benefit

India suffers from the highest number of

deaths in the world – around 105000

annually – due to road accidents.



Return of all the premiums paid

return of all paidpremiums,

on survival,at the end of

policy term



Lets understand PRTP

Example: Male Age- 35 years, Policy Term- 30 years

Pay only Rs. 19140 for insurance cover

of Rs. 12 Lacs

Year 1 Year 11 Year 30Premium payment term

Pay only 11 annual

premiums! Enjoythe life cover

Free life cover for

the next 19 years!

On survival,

receive all paid

premiums at the

end of policy term!

L t d t d PRTP



Year 1 Year 11

Year 30

Lets understand PRTP :

Treatment on death

Premium payment term

Example: Male Age- 35 years, Policy Term- 30 years

Death (natural):

Full SA of Rs. 12 Lacs gets paid tothe nominee

Death (accidental):

Full SA of Rs. 12 Lacs + additional 6

lacs gets paid to the nominee.Total Death benefit = Rs. 18 Lacs

Annual premium: Rs. 19,140

Sum Assured: Rs. 12 Lacs

Death occurs in year 4:

Premiums paid: Rs.57420/-



ets un erstan :



ets un erstan :If customer can not pay the

premiums for full term

• After paying 3 full premiums, your insurance cover continues

• Policy continues as reduced paid up• Policy can be revived within 3 years

Example:

Male Age- 35 years, Policy Term- 30 years

Only 3 premiums are paid…Premium Rs. 19, 140 pa; SA=12 lacs

Money the family gets in case of

accidental death

Money family gets in case

of natural death

Money in case one lives

Reduced Sum Assured+50%

of the reduced Sum Assuredwill be paid to the nominee.

(Rs 3.27 lacs+Rs.1.63lacs=

Rs. 4.9 Lacs)

Reduced sum assured will be

paid to the nominee in the eventof death & the policy will be

terminated.

(Rs.12 lacs*3/11=Rs.3.27 lacs)

100% refund of allpaid premiums

(Rs.19140*3=

Rs.57420)



What is included in Premium Return? What is not included in Premium Return?

Premiums paid during the policy

termPremiums paid for Service tax

Extra mortality premiums / loading

paid in case of rated cases

Flat Premiums paid for

Occupational Hazards For e.g. Sky

diving etc

P d F



Type of Plan A Traditional, Non Participating Plan

Policy Terms 25/30 Years

Premium Payment Term 11 years (only one term is applicable to policy)

Available issue ages (Age

Last Birthday)

For 25 Year Policy Term- 21 years to 50 years

For 30 Year Policy Term- 21 years to 45 years

Maximum Maturity Age

(Age Last Birthday)75 years

Minimum and MaximumSum Assured

Minimum : Rs.5 Lacs, subject to a minimum annual premium of

Rs.8,500

(excluding service tax )

Maximum : Rs.1 Cr

Note: The sum assured can only be chosen in multiple of Rs.50,000

Premium Mode Annual

Product Features:

MNYL Premium Return Term Plan



PRTP: Features & Benefits

Feature Benefit

Limited Premium Payment Term:

Short premium payment term of 11 yearsComplete your payment liability early and enjoy life

cover for a longer term

Option of 2 policy terms: Choice of policy

term 25/30 years Flexibility to choose policy term basis your life stage

Inbuilt Accidental Death Benefit:

Additional 50% of Sum Assured paid to

nominee in case of accidental deathHigher life cover, at no extra cost

Return of Premium:

100% return of all premiums on survival at

the end of policy term

Enjoy life cover at minimal cost. Money if one lives,

money if one doesn’t

Policy assignment:

A term with a return of premium can be

assigned

Enhance your credit worthiness with your bank



PRTP: Understanding the premium chart

• Male & Female rates are

separate• Male age – 3 years =

Female age

• For female ages 21, 22, 23

or 24, use premium rate

for Male age 21

• Large Sum Assureddiscount is eligible for

Sum Assured of Rs. 30

Lacs Plus

• Large Sum Assured

discount is Rs. 1.30 per

Rs. 1000 of SA.

Example: Age 35, Male, Sum Assured = Rs. 30 Lacs/-, policy term 30

Rs. 15.95

(- ) Rs. 1.30

Net Premium = Rs. 14.65 per Rs. 1000

Total annual premium payable for Rs. 30 Lac SA = Rs. 43,950/-



Section 80C, &

10(10D) of Income Tax Act,

1961 will apply.

Tax

Tax Benefits are subject to change in tax laws. You are advised to

consult your tax advisors for details.

P i R t T Pl h



Life Insurer

Annual

Premium(Rs.)

Total Premium

Paid over thePolicy Term (Rs.)

Premium Pay

Term

Sum Assured

in case of death

Sum Assured in

case of death byaccident

Maturity

Benefit(Rs.)

ICICI Life Guard 8,332 249,960

30 Years 10 Lacs 10 Lacs

249,960

Reliance Special

Term Plan7,128 213,840 213,840

Bajaj Allianz TermCare

12,360 370,800 370,800

BSLI Premium Back

Plan14,022 420,660 420,660

MNYL Premium

Return Term Plan12,200 134,200 11 Years 10 lacs 15 lacs 134,200

Premium Return Term Plan has a

competitive edge. The BEST!

Minimum premium

payment term

Highest Protection in

case of accidental death



How NOT to sell PRTP

Sales Person: Yes sir, you

will get all your premiumsback after completing 11

years .

Customer: Will I get my

premiums back

immediately after thepremium term is over?

Customer will get his premiums back only after the end of the policy term (25/30 years)

Sales Person : Yes sir, you

would get additional bonuses

at the end of policy term

Customer: Will I get

anything back over and

above my premiums?

Customer will only get his premiums back after the policy term is over. This is a non-participating

plan so there is no bonus available



Documents Required

Signed application form, version 2.1

One latest passport size photo, colour

Address Proof

Income Proof

Age Proof

Goal Finder, signed by the customer

All documents to be self-attested by the customer



Huge life cover at a very affordable price –

A big step taken towards securing your family

Inbuilt, Free, Accidental cover –

50% further enhancement to your life cover, more savings

Limited premium paying term – Pay only for 11 years, enjoy the remaining term free!!!

Choice of two policy terms -

Choose from 25 or 30 years, as per your need

PRTP pays you back –

Your premiums come back to you, making your policy absolutely free!

A PRTP can make your life better…

Upto 30% tax savings under section 80C –

A smarter way to manage your money



50 PV activation –

Your first step towards getting activated in the Amway business

Induction Cooker worth Rs. 3000 –

Your first success as a new ABO

Approximately 137* PVs earned in the 1st year

(at Rs. 15000 premium) –

You enjoy the PVs for the next 10 years!!!

& your Amway business too…

& as a new ABO, you also enjoy:

S ll R 20 L f S A d ill



Sell up to Rs.20 Lacs of Sum Assured till

Age 45 years without any medical evidence

Sum Assured (INR)/ Age

(years)

EVIDENCE GRID-PROPOSED

21-35 36-45 46-55

Upto 5 Lacs NM NM NM

5 Lacs to 10 Lacs NM NM NM

10 Lacs to 15 Lacs NM NM Cat 4

15,00,001 to 20 Lacs NM NM Cat 4

20,00,001 to 30 Lacs NM Cat 4 Cat4

Faster policy

issuance!

Guaranteed!!



A Service promise & Claims guarantee!

MNYL Claim Settlement

(2010 – 2011)

• No investigation or claim denial for policies

over 3 years old

• A 10 day claim service turn around time

• Personal claims relationship officer (death

claims)



Premium

Return TermPlan

Life Gain

Plus

Take a Life Gain Plus along



Take a Life Gain Plus alongwith PRTP

…So that you can enjoy a long holiday called…Life!

Safety of investments

Guaranteed Returns

Higher Protection

Great Flexibility

A Traditional, participating

plan…offering…



And …..



*



Criteria: Business achievement of Rs. 25,000/- GWP

• 3.5 meters

• Bi – Stretch Fabric

• Anti Crease

• Stunning Black

• Suitable for allclimatic conditions



• 100% Polycarbonate

• Extremely Lightweight• 4 Wheel Strolley

• Fixed CBL Lock

• 360 degree wheeling for easy mobility

•Dimension 55 X 37 X 23

• 3 YEAR INTERNATIONAL Warranty

Criteria: Achieve from your personal platinum group,

- 10 ABO qualifications from Suit length promo

OR achieve a minimum 3 Lacs GWP



During the 1st 60 Days of joining and while the Summer

Dhamaka is on – Initial Rs.15,000 worth business will be

counted for the‘I

-HeadStart’

offer (FPO) by default and thebalance business shall be considered for the

Summer Dhamaka - ‘I-Lead Offer’.



Terms and Conditions



Terms and Conditions:

• ‘Limited Stock Offer’ - Offer to continue only till the giftitems last

• Exhaustion of ‘Gifts’ will be communicated through‘Leadership’

• The offer is open for all resident-Indian ABOs• The promo is also valid to those NON Resident ABOs, NRIs

or foreigners who have visited India and worked in buildingbusiness in India for at least one week during the promoperiod

• Offer commences from 22nd May, 2012 and will continue upto 21st July, 2012

• There are no multiples for any qualifier level• Pin level will be taken as on 1st May, 2012 for the purpose

of the Promo – ‘Summer Dhamaka, 2012’ • For Platinum’s & above Pins – business from personal

platinum group will be considered for qualification to the

Platinum level gift