Purple cow 2012 (life button)

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2012 12pg Life

Transcript of Purple cow 2012 (life button)

Page 1: Purple cow 2012 (life button)

2012

12pg

Life

Page 2: Purple cow 2012 (life button)

Purple Cow gives you all 3 of today’s major employee benefits in 1 package, designed to provide multiple layers of protection:

Group Life: P50,000 – P1,000,000

Group Accident: P50,000 – P1,000,000

Group Health: P10,000 – P200,000

More VALUE…

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You can get MORE benefits for ALL of your staff

Purple Cow 2012

Value Proposition

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1. Paid vacations, 75% 2. Health insurance, 61%3. Paid sick leave, 59%4. Disability insurance, 41%5. Education reimbursement, 39%6. Pension plan, 30%7. Life insurance, 29%8. Dental insurance, 24%

What are the most common EB?

All 4 insurance benefits are offered by Purple Cow!

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- Small Business Poll on Compensating Employees (NFIB, US: 2003)

Purple Cow 2012

EB Primer

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What makes Insurance ‘sulit?’

• LIFE INSURANCE provides you with instant cash in the event of death or total and permanent disability; (.25% of population between 18-65)

• ACCIDENT INSURANCE provides you with instant cash in the event of accidental death or disablement; (10% of inpatient & outpatient cases)

• HEALTH INSURANCE (medical insurance or HMO) protects you from losing money in the event of sickness or accident. (10% inpatient / 300% outpatient)

Insurance saves you from losing your money

4Purple Cow 2012

EB Primer

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Benefits OverviewLIFE – ACCIDENT – HEALTH

LIFE

1. LIFE INSURANCE

* Terminal Illness Rider

* Total & Perm Disability Income

HEALTH

3. MEDICAL HMO * 19,401 MD, 382 hospitals, 426 clinics

4. Opt. DENTAL HMO * Basic 10: 790 dentists, 659 clinics

5. Opt. Annual Physical Exam * Basic 5: mobile or clinic

6. Health & Wellness Program * up to 2x/yr; tailored to utilization report

ACCIDENT

2. ACCIDENT INSURANCE

a. Accidental Death * Murder

b. Accidental Disablement * Assault

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Benefits

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Benefits SummaryLIFE – ACCIDENT – HEALTH

1. Life = 5x MBL 13. Access to Big 5 Hospitals & Healthway

2. Terminal Illness = up to 50% of 5x MBL 14. 100% Pre-Existing Conditions coverage

3. Total & Perm. Disability Income = 5x MBL 15. 100% Congenital Conditions coverage

4. Accidental Death = 5x MBL 16. 100% Special Procedures coverage

5. Murder = 5x MBL 17. Benefits on top of Philhealth

6. Accidental Disablement = __% of 5x MBL 18. Pooled Employee utilization

7. Assault = __% of 5x MBL 19. Separate Dependent utilization

8. Medical = HMO buffet of benefits 20. Opt. Dental = HMO buffet of benefits

9. Combined inpatient & outpatient limits 21. Opt. APE = choice of mobile or clinic

10. Max. Benefit Limits per disability per year 22. Health & Wellness Program (up to 2x/yr)

11. HMO patient for no-cash-out 23. Same benefits for Dependents

12. Private patient for reimbursement (HMO rate) 24. Interactive access through Social Media

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Benefits

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1. Life Insurance (worldwide)ASIANLIFE EXCLUSIONS

1. Life 5x MBL 1. Suicide within the 1st year of coverage

2. Terminal Illness Rider (up to 50%)2.5x MBL

3. Total & Perm Disability Income 5x MBL

+Principals 18yo-65yo; Dependents 30dy-22yo / 18yo-65yo

1. Life benefit = 5x MBL, for death by any cause;

2. TIR benefit = up to 50% of 5x MBL, as an advance on the Life benefit, if terminally ill (< 12mos. to live); 50% balance upon death;

3. TPDI Benefit = 5x MBL, in lieu of the Life benefit, whether sickness or accident.

Example:

If MBL = 20T, Life or TPDI = 100,000; TIR = 50,000;

If MBL = 40T, Life or TPDI = 200,000; TIR = 100,000;

If MBL = 60T, Life or TPDI = 300,000; TIR = 150,000;

If MBL = 80T, Life or TPDI = 400,000; TIR = 200,000;

If MBL = 100T, Life or TPDI = 500,000; TIR = 250,000.

Life benefits are payable on top of Accident & Medical HMO benefits

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Benefits

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3 Major Employee Benefits in 1 Plan: You get Group Life, Accident & Health

(medical HMO, optional dental HMO, optional APE, and Wellness) – all in 1 plan.

(Unlike most HMO plans)

You get all the Employee Benefits you will ever need

3Why Purple Cow?

Purple Cow 2012

Competitive Advantages

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Life Insurance: Your Life benefit covers death by any cause,

including suicide after 1 year. For example: Ward 20T = 100T; Semi 40T = 200T.

(Unlike all HMO plans)

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Life = 5x MBL: 1 year’s worth of income replacement

Why Purple Cow?

Purple Cow 2012

Competitive Advantages

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Terminal Illness Rider: Your TIR benefit is a 50% advance on your

Life benefit, payable if you have < 12 mos. to live (50% balance payable upon death).

(Unlike all HMO plans)

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TIR = 50% of 5x MBL, in lieu of life, for living expenses

Why Purple Cow?

Purple Cow 2012

Competitive Advantages

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Total & Perm. Disability Income: Your TPDI benefit is in lieu of your Life benefit, payable if you are unable to work

at all, due to sickness or accident.

(Unlike all HMO plans)

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TPDI = 5x MBL, in lieu of Life, for living expenses

Why Purple Cow?

Purple Cow 2012

Competitive Advantages

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EE Features EE BenefitsA complete Employee Benefits package that can make you financially secure

You get more financial security from Purple Cow than from any other HMO

Life INS, Accident INS, Medical HMO, Optional Dental HMO & Optional APE

You won’t need to get any more insurance benefits for yourself

Nationwide Medical & Dental networks, inclusive of all major hospitals & clinics

You can use any accredited hospital or clinic for medical or dental treatment

Choice of doctor as a Private Patient for insurance reimbursement at HMO rates

You can see your own doctor and get reimbursed the HMO doctor’s rate

100% Pre-Existing, 100% congenital, & 100% Special Procedures coverage

You are covered for existing illnesses, natal conditions, & special procedures

Employee Benefits on top of Philhealth You get full HMO + Philhealth benefits

Access to benefit information through C3 on www.purplecow.ph & Facebook

You can take charge of your own health, and know before you go

1 health card for every employee You can avail anytime, anywhere

1♠ What’s in it for…Employees?

Purple Cow 2012

Summary