Hifi for Winebrenner Insurance Brokers (Final)

8/8/2019 Hifi for Winebrenner Insurance Brokers (Final)

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For:For:

Winebrenner & IigoWinebrenner & Iigo

Insurance Brokers, Inc.Insurance Brokers, Inc.

1919 August 2009August 2009

HOSPITAL INCOMEHOSPITAL INCOME

FAMILY INCOME PLANFAMILY INCOME PLAN


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MB LIFEMB LIFE

What is Hi- Fi?

Hi is Hospital Income and Fi is Family Income

One year term life insurance renewable every year

Covers the Insured of Daily Hospital Income

if confined due to accident or illness

MANILA BANKERS LIFEINSURANCE CORPORATION


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ELIGIBILITY

PRINCIPAL

- Ages 18 to 64

- All regular, probationary and contractual

employees of the Company

DEPENDENTS

- Ages 1 to 64

- Spouse, Parents, Children, Siblings


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MB LIFEMB LIFE

HOSPITAL INCOME FEATURES

This replaces lost income due to confinement

Gives additional cash benefitto cover hospitalization

expenses during members hospitalization

Supplements PhilHealth coverage and other current

medical benefits

With Cash Fund, in the event of death of the insured


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COVERAGE &BENEFIT PAYOUT

COVERAGE

Up to 100 days cumulative throughout the

entire policy year

Renewable annually until age 64

BENEFIT PAYOUT

First (1ST) day of confinement, accident or sickness


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FAMILYINCOME FEATURES

Provides immediate cash benefits to the beneficiary

upon death of the insured

Continuous monthly cash benefit for as long as

24 months

Advance payment of the Cash Fund upon diagnosis

of Terminal Illness, an illness where there is life

expectancy of 12 months or less from the date of

diagnosis


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SCHEDULE OFBENEFITS AND PREMIUMS:

P L A N S

BENEFITS Hi-Fi Gold Hi-Fi Silver Hi-FiBronze Hi 2000 Hi 1000 Hi 500Daily Hospital Income per day : 2,000 1,000 500 2,000 1,000 500

Maximum Hospital IncomeBenefit (at 100 days)

: 200,000 100,000 50,000 200,000 100,000 50,000

Cash

Fund

:

160,000 80,000 40,000 100,000 50,000 25,000

Monthly CashBenefit : 10,000 10,000 5,000 - - -

No. of Months : 24 12 12 - - -

TotalMonthly CashBenefits

: 240,000 120,000 60,000 - - -

Maximum Benefits : 600,000 300,000 150,000 300,000 150,000 75,000

Annual Premium : Php 3,500.00 Php 2,000.00 Php 1,100.00 Php 2,000.00 Php 1,000.00 Php 600.00

Monthly Premium* : 350.00 200.00 110.00 200.00 100.00 60.00

* Monthly premium is accepted if the minimum total monthly collected premium per group is Php 10,000.


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MB LIFEMB LIFE

PREMIUMFINANCING SCHEME

Assuming 300 employees would availthe Php 350/month plan, or Php3,500 annual premium/head then:

1.) Php 3,500 - Annual Premium 4.) 1,050,000 - Gross Annual Premiumx 300 - Number of employees X 15% - Commission

Php 1,050,000M - Gross Premium 157,500 - Brokers Commission

+ 210,000 - Saved Amount

2.) Php 350 - Monthly Premium Php 367,500 - Broker's Income

X 300 -- Number of employeesNumber of employees

Php 105,000Php 105,000 -- Premium per monthPremium per month

X 12X 12 monthsmonths -- One YearOne Year

Php 1,260,000MPhp 1,260,000M -- Gross PremiumGross Premium

3.) Php 1,260,0003.) Php 1,260,000 -- Gross Premium Derived from Monthly PaymentGross Premium Derived from Monthly Payment

-- Php 1,050,000Php 1,050,000 -- Gross Premium Derived from Annual PaymentGross Premium Derived from Annual Payment

Php 210,000Php 210,000 --Amountto be saved if the premium isin ANNUAL MODE OFAmountto be saved if the premium isin ANNUAL MODE OFPAYMENTPAYMENT


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HOSPITAL INCOME: PAYMENT OFCLAIMS

Upon discharge from the hospital, submit the followingdocuments for filing of reimbursement: (Original or Certifiedtrue copy)

- Manila Bankers Life Claim Form

- Hospital Statement of Account

PROCESSING:

10 Working Days Release of Claim Check if

complete documents are submitted


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CASH FUND: PAYMENT OFCLAIMS

Requirements: (ORIGINAL OR SCANNED COPY)

- Employers Notice of Claim

- Immediate Fund AvailmentForm

Note: 1). Decision within 48 hours upon submission ofcomplete requirements, with release of checks forapproved claims.

2). For Terminal Illness, a Certification from attendingPhysician is required.


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MONTHLYCASH BENEFIT: PAYMENT OF CLAIMS

Requirements: (ORIGINAL OR SCANNED COPY)

1. Certificate of Death2. Employers Notice of Claim

3. Immediate Fund AvailmentForm

Monthly benefits begin a month after date of death,

assuming complete submission of documents. Monthly

payout is scheduled every first day of the month.


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FamilyIncome Protector(FI)

The AvailmentForm:


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CONTACTUSADDRESS: Manila Bankers Life Insurance Corp.

3/F VGP Center (formerly TMBC Building)

6772 Ayala Avenue, Makati City, Philippines

CONTACT NOS.: 815-1004;810-10-72

Claims Department

Sidney De Sagun 0917-505-81-74

Mario Abarillo 0917-505-81-67

MarketingDepartment

Roel Balignasay 0916-368-28-21

Ian Pastrana 0915-717-07-75


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THANKYOU!

Hifi for Winebrenner Insurance Brokers (Final)

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