Amsure_Basic_as on 01 Sept 2010[1].Ppt Bhat

8/6/2019 Amsure_Basic_as on 01 Sept 2010[1].Ppt Bhat

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The 5thproduct

category of


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Terms Made Simpler

Term of Policy = Duration of the Policy Term Insurance = RISK COVER (ONLY ON DEATH)

Premium = Amount you pay every year

SA (Sum Assured) = Insurance Cover in the policy-

MONEY YOUR FAMILY GETS IF YOU DIE

PPT (Premium Paying Term) = Duration You pay

Premium

ULIP= Unit Linked Insurance (TERM INSURANCE +MARKET INVESTMENT

Rider Additional benefits at extra cost attached to

life insurance policy


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Presenting

LifelineSafety Net


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Disease

protectionDisability

Protection

Accident

Protection

DeathProtection


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Features, Advantages & Benefits

Features Advantages Benefits

4 Dimensional

Cover

Term Insurance,

Disability

Critical Illness &

Death Covered

Peace of Mind in

any situation of Life

200 % cover on

Accidental Death

In case of accidental

death of the

insured, twice the

Sum assured is paid

& Policy Terminates

Maximum coverage

offered to secure

the future of

immediate family

hence live a secure

life


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Features, Advantages & Benefits

Features Advantages Benefits

Maximum Coverage

in case of total

permanentdisability**

The Insured gets half

the Sum assured in

case of TPD & Policycontinues

Payment of Half the

SA ensures that your

family does not gothrough tough times

because of your TPD

Critical Illness*

Accelerated Benefit

In Case of Critical

Illness Being

Diagnosed for the Life

insured, half the SA is

paid upon the survival

period of 28 days

Payment of Half the

SA ensures your

medication and family

expenses do suffer

because of the illness


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Natural Death

100% Sum Assured

Accident Death

200% Sum Assured

Critical Illness50% Sum Assured &

Policy Continues

Total Disability50% Sum Assured &

Policy Continues

Safety Net


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An Illustration


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Safety Net Key Highlights


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Some Key Points to Note

In Case of Critical Illness, the life insured has

to survive for at least 28 days after the

happening of insured event

Total & Permanent Disability should result

with in 180 days of an accident


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Max Amsure Bonus Builder

Age At Entry : 18 yrs to 50 YrsMaturity Age 100 of customer

Limited Premium Payment

Up to the age of 60

Plus you are eligible for bonus any one option

Cash take back bonus as cash

Premium Offset Adjust to next premium

Paid Up Addition Accumulate bonus for future

Your Choice of additional benefit

Term Rider Term insurance cover

PAB Rider Accident benefit Cover

WOP Rider Premium waiver

Dread Disease Rider- Critical illness cover


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Cash Back :5% of the original SA every year from

Age 61-80 yrs.

Death Benefit : SA + Bonus if any

Maturity Benefit :SA + Bonus if any at age100

Tax Benefit Sec 80 C & 10(10 D)

Max Amsure Bonus Builder


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Life Gain PlusA Traditional, participating

planoffering

So that you can enjoy a long

holiday calledLife!

Safety of investments

Guaranteed Returns

Higher Protection

Great Flexibility


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ABCDE of Life Gain Plus

A Automatic increase in Coverage. Sum assured doubles after 6th year

B Bonus (Guaranteed Maturity Value.)

Minimum maturity Guarantee Sum Assured

Bonus o tions Cash/Premium ffset or Paid Addition

C Coverage with additional Riders

PAB/Term rider/DD rider/W P/Term R&C Rider

D Death Benefit Up to 6years Sum Assured +Bo us

6th Yearo words Double Sum Assured +Bo us

E Enhanced Policy Benefits

Flexible Premium Paying o tion of 6, , 5 years


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Safety of Investment - Investment strategy

for traditional products

In line with IRDAInvestment guidelines for

traditional products!


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Higher Flexibility

O ti nt Choose Policy Termbasis your lifestagemilestone:

20 Years or

25 Years

Pay hile yourearningare higher - Limited Premium Payment o tion

6/10 Years PPT for 20 Year Term

6/10/15 Years PPT for 25 Year Term

To switch betweendifferentbonus o tions

Cash

Premium Offset

Paid up addition(PUA)


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Customers have the flexibility to switch between

bonus options

Flexibility - Bonuses Provide a Wide Array

of Choice

Cash: take the amount of bonus declared as cash Premium Offset: the bonus amount can be used to

adjust against future premiums payable

Paid Additions:

The bonus amount can be used to purchase PUA

Whereby the Sum Assured will increase the insurance

cover every year and add to base coverage P Asare articipatinginnatureandgenerate

furtherbonuses

Can Be separately surrendered if customer wants toaccess the cash value of these PUAs


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Life Gain Plus Bonus declared in 2010

Age BonusProjection @

6%

Bonus

Projection @

10%

Cash Bonus Per

Rs. 1000 SA

25 4.57 11.87 7.669

30 4.69 12.21 7.884

35 4.93 12.82 8.277

40 5.27 13.70 8.850


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Cash Bonus Advantage


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Premium offset Advantage


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Paid Up Addition Advantage


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Life Gain Plus - Plan Details

Entry age (years) 18

Max Entry age(years)

Term 20 - 55 Yrs : Term 25 - 50 Yrs

Maximum maturity

age (years)75

Policy term 20,25 years

Premium payment

term

20 - 10 pay

25 - 10/15 pay

Min Sum Assured

(Rs)50000

Max Sum assured

(Rs)No Limit

Riders allow ed PAB,Term, Term R& , DD,WOP

Living benef itsSum assured w ith guaranteed additions &

accrued bonus

Death benefits

Policy in force < 5yrs

Sum assured

Policy in force > 5yrs

Double of Sum assured

Others benef itsGuaranteed 10% addition

Bonus once declared, is guaranteed

For details refer to product brochure..


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Sec- 80 C up to Rs. 1lac

Sec 10 (10D)

Tax Benefit


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Renewal Process

Locations of payment : Amway ADC or Max

New York Life Offices (MNYL)

Mode of Payment Cash up to 20000/ at ADC up to 50000/ at MNYL

Own Cheque/own Credit card/DD

Online payment in MNYL website

www.maxnewyorklife.com


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Health Insurance Program

&


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Why Health Insurance

To take care of emergency need for money Medical expenses are raising company cover

may not be sufficient????

Company decides whom to cover and whomnot in the family?


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Why Health Insurance

Elderly parents are normally not covered.

Company cover does not gives cumulative no

claim benefits. Company cover lapses one you leave the

company next company covers or not?????


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Some Information

Who all covered? Self, Spouse, 2Children

Dependent Parents

Age at Entry

91days to 65years

Renew up to age of 70 years

Combination

Self & Spouse(2Adult)

Self, Spouse and Children(2max)

Both Parents(2Adult)

Self & One parent(2Adult)


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Any Hospitalization Benefits for 24 Hrs and Above

Protection against Hospitalisation for Disease, Ailments

or Accidents

Offers Cash less Hospitalisation

Room & boarding, Nursing, Surgeon expenses

Anesthesia, Blood, Oxygen & similar expense

Benefits


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Benefits

Hospital Cash benefit Rs.500/- per day per Insured Person for each completed 24

hours of hospitalization. Total Benefits up to maximum of

20 days daily benefit for any one Insured Person and 60days daily benefit for all Insured Persons for the entire

policy period.

Reimbursement of Master Health check up

Charges subject to a limit of Rs.750/- after every 4consecutive claim free years.


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Benefits

Pre hospitalization and Post hospitalization Cover up to 30 days and 60 days respectively.

Ambulance charges

In an emergency subject to a limit of Rs.1000/- perperson per claim during the period of insurance.

Convalescence Benefit

Lump sum of Rs.10000/- for hospitalization

exceeding 21 consecutive days per Insured Person

subject to maximum of Rs.20000/-


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KEY FEATURES1. No Medical examination for people up to 55 years.

2. Income tax exemption under Section 80 D for health insurance

premium.

3. Cashless facility (in 2200 hospitals in more than 200cities).

4. 24-hour help line number.

5. Ambulance referral facilities

6. Online access to medical and claims information

7. Online storage of medical records (with uploading facility)

Family Health Protector


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Pregnancy / childbirth

The cost of spectacles, contact lenses and hearing aids.

Dental treatment or any kind unless requiring Hospitalization.

Exclusions and LimitsExclusions and Limits


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First Year Exclusions

Treatment of Congenital

Internal Diseases, any type of

Migraine / Vascular head ache,

Stones in the Urinary and Biliary

systems, Surgery on Tonsils /

Adenoids, Gastric and Duodenal

Ulcer, any type of Cyst /

Nodules / Polyps, any type ofBreast Lumps

Two Year Exclusions

Treatment of Spondylosis / Spondilitis any type,

Inter vertebral Disc Prolapse and such other

Degenerative Disorders. Cataract, Benign

Prostatic Hypertrophy, Hysterectomy, Fistula,

Fissure in Anus, Piles, Hernia, Hydrocele,

Sinusitis, Knee / Hip Joint replacement, Chronic

Renal Failure or end stage Renal Failure, Heart

diseases, any type of Carcinoma / Sarcoma /

Blood Cancer, Osteoarthritis of any joint for allInsured Persons.

Exclusions and Limits

PRE EXISTING ISEASES shall be covered after consecutive renewal for 4 years.


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Premium

Rs.200000 2 Adult 2 Adult + 1 c ild 2 Adult + 2 c ildren

Upto 35 yrs 3,822 4,368 4,859

Upto 45 Yrs 4,564 5,123 5,650

Upto 55 Yrs 6,644 7,653 8,643

Upto 60 Yrs 8,592 9,833 11,076

Upto 65 Yrs 11,229 12,472 13,715

Rs.300000 2 Adult 2 Adult + 1 c ild 2 Adult + 2 c ildrenUpto 35 yrs 5,222 5,884 6,481

Upto 45 Yrs 5,885 7,455 8,928

Upto 55 Yrs 8,951 10,517 12,052

Upto 60 Yrs 11,620 13,188 14,757

Upto 65 Yrs 17,273 19,050 20,826

Rs400000 2 Adult 2 Adult + 1 c ild 2 Adult + 2 c ildren

Upto 35 yrs 6,094 6,809 7,455

Upto 45 Yrs 7,372 8,107 9,284

Upto 55 Yrs 11,255 12,354 13,433

Upto 60 Yrs 14,639 16,621 18,604

Upto 65 Yrs 21,787 24,034 26,280


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BackUp


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Age Proof

Passport State / Central Govt. EmployeeIDcard

Pan Card

Driving license

Municipal Birth Certificate Birth Certificateissuedby the Hospital / Maternity Home

Birth Certificateissuedby Gram Panchayatwith Govt.Approval

Stamp

Baptismcertificate

School leavingcertificate / Admitcard / 10th Class Certificate

Retirementproofofany Govt. organization

Election CommissionID Card

Ration Card


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Address Proof

1. Passport2. Voters Identity Card

3. Driving License

4. Telephone Bill pertaining to any kind of telephone connection

like mobile, landline, wireless, etc. not older than six months.5. Bank account statement, not older than six months.

6. Electricity bill

7. Ration card

8. Current Employers Certificate/ID card issued by currentemployer.

9. National Social Security Number (NSSN) Card.

10. Gas bill(issued within 3 months)

Amsure_Basic_as on 01 Sept 2010[1].Ppt Bhat

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Transcript of Amsure_Basic_as on 01 Sept 2010[1].Ppt Bhat