Upload
aman-bhandari
View
31
Download
0
Embed Size (px)
DESCRIPTION
Objective of New Plan
Citation preview
SUBODH BHANDARI DEVELOPMENT OFFICER
BRANCH - BHINMALDIVISION - JODHPURZONE - NORTHERN
OBJECTIVE OF NEW PLAN
THIS PLAN IS MOSTLY USEFUL FOR THE CELEBRITIES AND HIGH INCOME SEGMENT.
TARGETED GROUP
DOCTORSCHARTED ACCOUNTANTSENGINEERSINDUSTRIALISTSBIG BUSINESSMEN ALL PROFESSIONALS HAVING HIGH INCOME AND WHO NEEDS HIGH RISK FOR LONGER PERIOD.
SUGGESTED NAME OF PLAN
JEEVAN SAFAL (WITH GUARANTEED ADDITION) Tkhou lQy
TYPE OF POLICY
HIGH RISK INSURANCE PLAN
NON LINKED PLAN
CONVENTIONAL PLAN
PLAN FEATURES
AGEMINIMUM 18 YEARMAXIMUM 55 YEAR
TERM MINIMUM 10 YEARMAXIMUM 40 YEAR
PLAN FEATURES
SUM ASSUREDMINIMUM 1O LACMAXIMUM ANY
PREMIUMMINIMUM 25000MAXIMUM ANY
PLAN FEATURES
MODE YLY HLY
MEDICAL BY TPA ONLY
PLAN FEATURES
RISK - BASIC RISK DOUBLE THE S.A. + GUARANTEED ADDITIONA. B. - YESTERM RIDER- YES (SINGLE)PWB. - NOCIR - NO
BENEFITS
S. B. PAYMENT - NO
PARTIAL WITHDRAWL - YESAFTER 20 YEARS WITHOUT ANY DEDUCTIONS
MATURITY - YESAFTER 20 YEARS
BENEFITSDEATH BENEFIT - YES DOUBLE THE BASIC S. A. + G.A. + T.R PAID UP VALUE - YESAFTER 3 YEARS SURRENDER VALUE - YES AFTER 3 YEARSLOAN AFTER 3 YEARS @ 10% P.A.
OTHER OVERALL OBSERVATIONS
PLAN IS DESIGN TO TAP THE HIGHER INCOME GROUP HIGH RISK PLAN FOR A LONGER PERIODDEMAND OF GUARANTEED ADDITION POLICIESFLEXIBALE MATURITY
TARGET SEGMENTS
HIGHER INCOME GROUP ONLYPROFESSIONALS CELEBRITIES
EXAMPLE OF JEEVAN SAFAL
AGE 30 YEARSS A 10 LACTERM - 40 YEARSPREMIUM - 30,400/- YLYRISK NORMAL - 20 LAC + G.A + TR (IF TAKEN)ACCIDENTAL - 30 LAC + G.A + TR (IF TAKEN)
EXAMPLE OF JEEVAN SAFAL
MATURITY BENEFITSUM ASSURED RS. 10,00,000/-G.A. (187.65 x SA x TERM) RS. 75,06,000/-TOTAL MATURITY RS. 85,06,000/-IRR = 8% PA
JEEVAN SAFAL EXAMPLE ON DIFF. TERM AGE 30
TERMPREMIUMS.A(LAC)RISK S.A.(LAC) TOTAL PREMIM PAIDBONUSMATURITYBONUS RATE IRR%157039010 20+GA1055850595000159500039.675.00205254410 20+GA1050880932000193200046.605.75254323010 20+GA10807501515000251500060.606.2530377501020+GA11325002640000364000088.006.7535322901020+GA113015040550005055000115.867.2540304001020+GA121600075060008506000187.658.00
SERVICE IMPROVEMENTSUGGESTIONS - CASH COUNTER SHOULD BE OPEN IN TWO SHIFTS IN ALL BRANCHES i.e. FROM 9 AM TO 3 PM AND 3 PM TO 9 PMIF THIS CAN NOT BE PUT INTO ACTION IMMEDIATELY THAN AT FIRST, IT SHOULD BE START IN CENTRALY LOCATED BRANCH IN EACH CITY / TOWN
SERVICE IMPROVEMENTFOR EXAMPLE IN INDIAN RAILWAYS BOOKING SERVICES LIKE E-TICKET, IRCTC, BOOKING AGENTS, ETC. ARE 24X7 AVAIABLE FOR TICKET AND RESERVATION TO CUSTOMERSSIMILARLY LIC SHOULD ALSO PUT MORE EFFORTS
SERVICE IMPROVEMENT
SINGLE WINDOW INFORMATION AND SERVICES SYSTEM (S.W.I.S.) SHOULD BE IMPLEMENTED IN ALL THE BRANCHESPOLICY TO BE DISPATCHED DAILY
THANK YOU SUBODH BHANDARI
*