Modicare Azadi plan full detail

P
PREM SINGH. at Faces Cosmetics India Pvt. Ltd. à Faces Cosmetics India Pvt. Ltd.
SAMIR MODI AZADI PLAN
NAYE IRAADE
NAYI DUNIYA
NAYI BUNIYAAD
NAYA MODICARE
WANT TO FOLLOW YOUR DREAMS!!!
• Be your own Boss, no time bounding.
• Work at your ease.
• Turn your daily life expenses into EARNING.
• Zero investment as joining fee.
• Work for 3 to 5 years and you won’t have to
work in your life for your daily JOB.
• There is no limit of earning. You can earn in
lacks. Visit
https://modicare.com/successstory.aspx
for real success stories.
What is in it for me…
• 8 Areas of Life Long Income
• One of the Best Plan in the Industry- Upto 62% payouts
• Accumulative Plan with no time limits- Never start from Zero
• Titles for Life
• Modicare Partner for Life – No renewal
• Earn Bonus on all volume – Effort rewarded 100%
• Travel to Dream Holiday Destinations abroad
• Own your Dream Car
• Own your Dream House
• International Quality products backed by 100% Satisfaction
Guarantee
Samir Modi Azadi Plan offers you
8 Areas of Income
1 Savings on consumption – upto 20%
2 Retail profit – Upto 20%
3 Accumulative Performance Bonus – 7%-22%
4 Director Bonus - 14%
5 Leadership Productivity Bonus - 15%
6 Outbound Travel Fund- 3%
7 Dream Vehicle Fund - 5%
8 Dream Home Fund - 3%
Savings on Consumption Upto 20%
• Modicare offers products in 9 categories that are of
regular use for the entire family. As a Modicare
consultant you buy products on a discount upto 20%
on the MRP (maximum retail price) which means
savings in your household expenses month on month
Retail Profit Upto 20%
• As a Modicare Consultant you purchase products at
Consultant price and can share the products with your
Customers at Retail price/MRP. The difference between the
price that you pay and the price at which the products are
sold is the Retail profit that you earn. You can earn Retail
profits of upto 20%.
• Example: You share products worth Rs. 2500 at MRP at an
upto 20% markup on consultant price. The consultant price of
these products is Rs. 2000. Hence, you will earn upto Rs. 500
as the Retail Profit
Accumulative Performance
Bonus
• Earn bonus right from word go… no waiting … practically any
product purchase would qualify for a cheque
• You never start with zero… accumulation helps you grow your
and team’s level and thereby continuous growth in level / titles
and more income, more rewards…
AccumulativePerformanceBonus(APB)7%-22%
Performance Bonus
Level
Accumulative
PV
Accumulative
BV %
Max Max
Consultant 1-300 25-7,524 7%
Senior Consultant
301-1,200 7,525-30,024 10%
Associate Supervisor
1201-2,700 30,025-67,524 13%
Deputy Supervisor 2701-4,500 67,525-1,12,524 16%
Supervisor 4501-6,000
1,12,525-
1,50,024
19%
Director 6,001+ 1,50,025+ 22%
•To qualify for performance bonus, a distributor must have a minimum personal purchase of 300 BV till
the level of Supervisor and 600 BV from Director Level upwards.
•If in any case a consultant fails to make personal purchase, the bonus earned in that month is carried
forward and is released in the month, the distributor makes personal purchase.
CurrentPV:BVRatio-1:25**
**:Subjecttochange
Modicare Fast Start Program
Single Month Fast Start
240 PV (6,000 GBV) in a single
month before hitting 10%
Granted a special growth and level of
10% PLUS Free Accidental Insurance
worth Rs 1 Lac
Example 1:
Performance Bonus Calculation
• How do you calculate these performance bonuses? The following examples will explain
the calculations.
• Let’s assume that in month 1 when you have joined,
• You have sponsored 4 of your friends as your downline distributors.
You
PBV-6000
A
PBV-4000
B
PBV-3000
C
PBV-2000
D
PBV-20000
Example 1:
Performance Bonus Calculation
Your Group Business Volume (GBV) 35,000
Your Group is entitled to 13% performance bonus = 35,000 X 13% = Rs. 4550
Rs. 4550 are to be divided amongst your downlines and you according to the levels of their
achievement.
A is qualified for 7% and gets 4,000 X 7% = Rs. 280
B is qualified for 7% and gets 3000 X 7% = Rs. 210
C is qualified for 7% and gets 2000 X 7% = Rs. 140
D is qualified for 10% and gets 20000 X 10% = Rs. 2000
Rs. 2630 is distributed to your downlines and the balance Rs. 1920 is your performance
bonus for the month.
Example 2: Performance Bonus
• Let’s assume that in month 2 you and your downlines have done the following
business:
You
PBV-5000
Accumulated BV-6000
Total-11000
A
PBV-10000
Accumulated
BV-4000
Total-14000
B
PBV-15000
Accumulated
BV-3000
Total-18000
C
PBV-5000
Accumulated
BV-2000
Total-7000
D
PBV-20000
Accumulated
BV-20000
Total-40000
Your Group Business Volume (GBV) for Month 2 is 55,000
Your Last month Group Business Volume (GBV) was 35,000
Your accumulative GBV is 90000
Example 2: Performance Bonus
• You are paid on the Business Volume (BV) which you have generated in the
current month whereas previous month BV is added to determine the
performance bonus levels
• Your Group is entitled to 16% performance bonus = 55000 X 16% = Rs. 8800
• Rs. 8800 is to be divided amongst you and your downlines according to the levels of
their achievement. Let's see how your downlines earn their bonuses:
Consultant A
• Last month BV 4,000
• This month BV 10,000
• Cumulative BV 14,000
• A is now qualified for 10 % on this month's BV gets Rs. 1000
Consultant B
• Last month BV 3,000
• This month BV 15000
• Cumulative BV 18000
• B is now qualified for 10% on this month's BV gets Rs. 1500
Example 2: Performance Bonus
Consultant C
• Last month BV 2000
• This month BV 5000
• Cumulative BV 7000
• C is now qualified for 7 % on this month's BV and gets Rs. 350
Consultant D
• Last month BV 20000
• This month BV 20000
• Cumulative BV 40000
• D is now qualified for 13% on this month's BV and gets Rs. 2600
Total bonus distributed in your team is Rs. 5450
Your APB earning = 8800-5450 = Rs. 3350/-
• This way your Business Volume gets accumulated month after month.
• In Modicare, everyone can achieve the Director level and there are no demotions in
titles
• These are mathematical examples only for illustration purposes. Incentives are paid
out only when personal targets are met
How do you progress with Modicare
TITLE
No. of Qualified DIRECTOR
Legs
QUALIFYING CONDITIONS
Director NA PBV≥ 600, PGBV≥31250
Senior Director 1 PBV≥ 600, PGBV≥27500
Executive Director 2 PBV≥ 600, PGBV≥22500
Senior Executive Director 3
PBV≥ 600, PGBV≥15000
Platinum Director 4 PBV≥ 600, PGBV≥7500
Presidential Director 6 PBV≥ 600
Crown Diamond
Director
8
PBV≥ 600
Royal Black Diamond
Director
11
PBV≥ 600
Global Black Diamond
Director
≥ 14
PBV≥ 600
PBV is included in PGBV
Qualified Director
Month-1
You
PBV-600+
Total team vol.
6001+ PV / 1,50,025
PGBV (Fresh or
accumulated)
Qualified Director
Month-2
You
PBV-600+
Total team vol.
Min. 1250 PV or
31,250 PGBV
(current month
fresh PGBV)
Qualified Director
Fast Start Director
• If any distributor achieves 4800 PV (120000 GBV) in a single business month before
hitting 22% level, then he / she qualify as Fast Start Director
Scenario1:QualifiedTitlesinMay2015
• In this Example A,B, C &D are Qualified Directors
• “X” is a Qualified Platinum Director (4 Qualified Director Legs and PGBV of ≥ 7500
• “You” would qualify for Accumulative Performance Bonus, Director Bonus, Leadership
Productivity Bonus, OTF and DVF
• A,B,C,D would qualify for Accumulative Performance Bonus and Director Bonus
You
PBV≥ 600
PGBV-20000
A
PBV≥ 600
PGBV-50000
B
PBV≥ 600
PGBV-40000
C
PBV≥ 600
PGBV-40000
D
PBV≥ 600
PGBV-35000
Scenario2
PGBVRollOverof NonQualifiedDirectors
• In this Example A,B, C &D are Valid Directors , but due to non achievement of min.
PGBV of 31250, B, C, D would not be Qualified Directors in June. However A is a
Qualified Director
• In this case the PGBV of B, C and D will be rolled up to X
• X now has 1 Qualified Director Leg and a total PGBV of 30000 and PBV of 600, which
qualifies him now at the Senior Director Level
X
PBV≥ 600
PGBV-0
A
PBV≥ 600
PGBV-50000
B
PBV≥ 600
PGBV-10000
C
PBV≥ 600
PGBV-10000
D
PBV≥ 600
PGBV-10000
Scenario3
PGBVRoll Overof Non QualifiedDirectors
• In this scenario, X1 has not used the
PGBV roll over of non qualified
Directors B, C and D- His PGBV post
roll over adds to 22000+600, whereas
he needs atleast 27500 PGBV
• In this example, the PGBV of B, C and
D will now be rolled over the next
upline who can qualify on Director or
higher with the roll over
• Here X now will have 11000+22000
PGBV, which qualifies him for Senior
Director
X1
PBV≥ 600
PGBV-0
A
PBV≥ 600
PGBV-50000
B
PBV≥ 600
PGBV-10000
C
PBV≥ 600
PGBV-5000
D
PBV≥ 600
PGBV-7000
X
PBV≥ 600
PGBV- 11000
PGBV roll over of non qualified director is only considered for title
Director Bonus (14% Pool)
• Modicare TO SET ASIDE 14% of Company's monthly BV as Director Bonus (DB) Pool.
• This is computed by a "Point System" based on the Director Bonus points earned by
all qualifying Director and above achievers.
• DB point index would be allotted basis the monthly computation and is likely to vary
from month to month and would be determined and announced post month closing.
• The formula of determining DB points is as mentioned below:
• Modicare’s total monthly BV = A
• Director Bonus Pool (14% of A) = B
• Sum Total of DB points collected by
all DB qualifiers in a month = C
• DB Point index (Rupees) = B/C
Director Bonus (14% Pool)
Status
Qualified Director Generation in %
You 1 2 3 4 5 6 7 8 9
Director 6
Senior Director 6 5 4
Executive Director 6 5 4 3
Senior Executive Director 6 5 4 3 2
Platinum Director 6 5 4 3 2 1
Presidential Director 6 5 4 3 2 1 0.5
Crown Diamond Director 6 5 4 3 2 1 0.5 0.5
Royal Black Diamond
Director
6 5 4 3 2 1 0.5 0.5 0.5
Global Black Diamond
Director
6 5 4 3 2 1 0.5 0.5 0.5 0.5
Director Bonus (14% Pool)
• In the example an illustration is shown how the
Director Bonus points are calculated. Please
note that these examples are assumptions only
and mentioned for the purpose of concept
clarity.
• There is a distributor X who has a downline X1
and X1 also has a downline A
X(PBV 600BV)
PGBV - 35000
X1(PBV 600BV)
PGBV - 35000
A(PBV 600BV)
PGBV - 155000
Director Bonus (14% Pool)
X is a Senior Director and is eligible to get Director Bonus on 2 generations.
DB Points computation for X:
6% on his own PGBV= 6% of 35000 = 2100 points
5% on X1’s PGBV = 5% of 35000 = 1750 points
4% on A’s PGBV = 4% of 155000 = 6200 points
Total Points collected by Senior Director X = 2100+1750+6200 = 10050 Points
In the above example X1 is also a qualified Senior Director and is eligible to receive
Director Bonus points:
DB Points computation for X1:
6% on his own PGBV= 6% of 35000 = 2100 points
5% on A’s PGBV = 5% of 155000 = 7750 points
Total Points collected by Senior Director Director X1 = 2100+7750 = 9850
Points
In the above example A is a qualified Director and is eligible to receive Director Bonus points:
DB Points computation for A:
6% on his own PGBV= 6% of 155000 = 9300 points
Total Points collected by Director A = 9300 Points
Director Bonus (14% Pool)
For illustration purposes we assume that the company’s Business Volume for the
month is 1 Crore and DB points collected by all Director and above achievers are 21 Lacs:
Modicare’s total monthly BV = A = 10000000
Director Bonus Pool (14% of A) = B = 1400000
Sum Total of DB points collected by
All DB qualifiers in a month = C = 2100000
DB Point index (Rupees) = B/C = 0.66
Basis the above DB point index the Director Bonus earnings would be as follows:
Distributor DB Points DB Point Index
DB Earning
(Rs.)
X 10050 0.66 6633
X1 9850 0.66 6501
A 9300 0.66 6138
The above is only an example and Point Index for the previous month can vary as per performances
Dynamic Compression
• To qualify for DB, all qualifiers have to have a personal purchase
of 600 PBV.
• DB will be paid on all qualified director groups
• If your direct director downline has not qualified, then the PGBV
of non qualified directors is clubbed down till a qualified director
irrespective of the generation. However, If no Qualified Director is
found then the PGBV of non qualified directors is clubbed to the
PGBV of the first Qualified Director above.
Dynamic Compression- Example
Senior Exec Director
600 PBV, PGBV 27500
600 PBV, PGBV 28000
PGBV 10000
PGBV 5000
600 PBV, PGBV 30000
600 PBV, PGBV 35000
PGBV 10000
PGBV 15000
A
D
E
Non Qualified DirectorQualified Director
You
B
C
F
G
Generation 3
35000+10000+
15000= 60000
Generation 2
10000+5000+
30000 =
45000
Generation 1
PGBV 28000
Since E is a qualified director,
and F and G are not, the
PGBV of F and G will be
added to the PGBV of E.
RollupofnonqualifiedDirectorPGBVforupline’stitleandDB
calculation
X
PBV 600,
PGBV 35000
X1
PBV 600,
PGBV 25000
X2
PBV 600,
PGBV 3000
X3
PBV 600,
PGBV 25000
X4
PBV 600,
PGBV 5000
X5
PBV 600,
PGBV 15000
X5 (NQD) PGBV will be first rolled up to X4 (NQD) which in this case makes the
PGBV of X4 = 20000 (5000+15000). Even now X4 does not qualify as he has inadequate
PGBV.
Now, the PGBV of both X5 and X4 will be rolled up to X3 which makes the PGBV of
X3 = 45000 (15000+5000+25000). This makes X3 a Qualified Director
Now the rolling up of PGBV of X5 and X4 will stop at X3 as X3 has qualified as a
Director by using the non qualified PGBV
Now we will roll up the PGBV of X2 (NQD) to X1 which makes X1’s PGBV as 28000,
Thus making X1 as a Qualified Senior Director.
X is now a Qualified Senior Director
Deciding DB Payouts for X:
Director Bonus Qualifiers: X, X1 and X3
For X , X1 and X3 are his 2 generations:
X will get 6% points on his/her PGBV of 35000
X will get 5% points on PGBV of X1 which is 5% of 25000
X will get 4% points on PGBV of X3 which is 4% of 48000 (3000+ 25000+5000+15000)
If the immediate upline is a Qualified Director or higher, then the PGBV of the Non
Qualified Director or higher will not be rolled up
DynamicCompression
PGBV includes PBV
Leadership Productivity
Bonus (15% Pool)
• This bonus as the name suggests is paid as a reward to create leaders in
your team.
• Modicare has set aside 15% of Company's monthly BV as Leadership
Productivity Bonus (LPB).
• It is paid to all Qualified Senior Director and above distributors who have
atleast one leg of 90000 GBV with a Qualified Senior Director above in the
same
Leadership Productivity Bonus
STATUS
Qualified
Director
Groups
QUALIFYING
CONDITIONS
GENERATION PAID IN %
You 1 2 3 4 5 6 7 8
Senior Director 1 GBV 90000 5 5
Executive Director 2 GBV 90000 5 5 5
Senior
Executive Director
3 GBV 90000 5 5 5 5
Platinum Director 4 GBV 90000 5 5 5 5 4
Presidential Director 6 GBV 90000 5 5 5 5 4 3
Crown Diamond
Director
8 GBV 90000 5 5 5 5 4 3 2
Royal Black
Diamond Director
11 GBV 90000 5 5 5 5 4 3 2 1
Global Black
Diamond Director
≥ 14 GBV 90000 5 5 5 5 4 3 2 1 0.5
Leadership Productivity Bonus
Rules:
• A qualifying up-line Senior Director and above can earn LPB only on all
Qualified Senior Director and above down-lines PGBV upto 8 generations
• In order to earn on all the qualifying generations in your depth (as mentioned
in LPB table) you must maintain a title higher than all qualifying downlines,
however
• Incase your Downline in the LPB qualification leg is at equal or higher paid as
title than you, then you will be paid only on one more generation under
him/her
• Qualified Senior Director and above is eligible to receive a Guarantee of 4500
points from all legs with a GBV of atleast 90000 and a Qualified SD or above in
those legs
• All Qualified Senior Director and above distributors who are eligible to earn
LPB must give a “Guarantee” of 4500 points to the next qualifying Senior
Director and above up-line
• Non Qualified volumes will be considered for LPB earning only in legs which
qualify for LPB
Leadership Productivity Bonus
• LPB is computed through a "Point System" based on the LPB points earned by all qualifying
Senior Director and above achievers.
• LPB point index would be allotted basis the monthly computation and is likely to vary from
month to month and would be determined and announced post month closing.
LPB Point Index would be computed as mentioned below:
Modicare’s total monthly BV = A
Leadership Productivity Bonus Pool (15% of A) = B
Sum Total of LPB points collected by
All LPB qualifiers in a month = C
LPB Point index = B/C
Ex. Director- You
PGBV- 25000
“X”-Ex. Director
PGBV-30000
“A”-Sr. Director
PGBV-30000
“B”-Sr. Director
PGBV-30000
Guarantee of
4500 points
“C”-Sr. Director
PGBV-32000
“D”-DIRECTOR
PGBV-35000
“A”, “C” and “B” are qualified Senior Directors but do not have a 90000 GBV leg, hence they do not
qualify to earn the LPB
“X” is eligible to get LPB on Leg “A” as this leg is > 90000 GBV and also has a qualified Senior Director
(“A”). However, inspite of “B” being a qualified Senior Director, “X” will not be paid LPB on this leg as
the GBV of this leg is < 90000
Leadership Productivity Bonus
“B1”- Director
PGBV-35000
Guarantee of
4500 points
LPB Earning
LPB Qualifier Total Points Earned Guarantee to Upline Points Retained
X
5% of 30000 + 5% of
30000+ 5% of 32000
+ 4500 pts from leg
“A”= 9100
4500 4600
You (Same Title as X)
5% of 25000 + 5% of
30000+ 5% of 30000
+ Guarantee from
“X” (4500) = 8750
4500 4250
LPB Illustration 2
QSD “You”
PGBV 40000
NQD “A”
PGBV 10000
QSD “B”
PGBV 30000
QD “C”
PGBV 65000
NQD “D”
PGBV 20000
NQD “E”
PGBV 15000
“You” is a Qualified SD (QSD) and since Leg “A” has a GBV of 90000 + and QSD “B” in the same,
“You” will qualify for LPB– “You” will earn LPB points on his PGBV and PGBV of B
NQD “A” PGBV of 10000 will be considered for LPB calculation and the same will get compressed in
the PGBV of B for your point calculation
However, since Leg “D” and Leg “E” do not have a GBV of atleast 90000 with a QSD in the same,
The PGBV of “D” and “E” will not be considered for LPB payouts. Though this non qualified volume
will be considered for Director Bonus for “You”
Modicare Outbound Travel Fund 3%
Rules:
1. The OTF is to be used for travel trips announced by the company
2. Director Bonus points to be used for the OTF calculation
Qualified Senior Director
and above
OTF Point Value =
3% x Total Company BV
Total OTF Points collected
Rules:
1. Maintain Qualified Senior Executive Director or higher for 3 consecutive months and earn the DVF from fourth month
onwards
2. A consultant qualifying for the Dream Vehicle Fund has to purchase a car after getting approval from the company
3. Rs 1,00,000/month is maximum you can earn in DVF
4. Director Bonus points to be used for the DVF calculation
5. Once a distributor qualifies for DVF ; then he/she can keep earning this even after qualifying as > Senior Director
Achiever
Qualified Senior Executive Director and above
DVF Point Value
5% x Total Company BV
Total DVF Points collected=
Modicare Dream Vehicle Fund 5%
Rules:
1. Maintain Qualified Presidential Director or higher for 3 consecutive months and earn DHF from fourth month onwards
2. The Dream Home Fund will be released by Modicare in the following month along with the Bonus Cheque
3. Rs 1,20,000/month is the maximum you can earn in DHF
4. Director Bonus points to be used for the DHF calculation
5. Once a distributor qualifies for DHF ; then he/she can keep earning this even after qualifying as > Senior Director
Achiever
Qualified Presidential
Director and above
DHF Point Value
3% x Total Company BV
Total DHF Points collected=
Modicare Dream Home Fund 3%
Other Rules
• To earn bonus, minimum PBV required is :
– 300 PBV (Consultant to Supervisor)
– 600 PBV (Director and above)
• All Bonuses are subject to TDS as per rules
Glossary of Important Terms
PV : Point Value is a unit amount assigned to each product. The total PV
associated with your monthly sales volume is tracked to determine your
performance bonus level %.
BV : Business Volume is the value the Company assigns to each product and is
used to calculate the Consultants’ bonus and status for any particular month.
Currently the PV BV ratio is 1: 25 and is subject to change by the company from
time to time
PBV : Personal Business Volume. This is the sum total of BV of all products
bought by you personally in any particular month
PGBV : Personal Group Business Volume, is the business volume of your entire
group & does not include the business volume of qualified Director
group/groups. PGBV includes your personal business volume
Glossary of Important Terms
GBV : Group Business Volume, is business volume generated by your
entire group in any particular month and includes your personal
business volume
Cumm BV : Cumulative Business Volume, is Business volumes
accumulated by your group
Downline: Those people directly sponsored by an Independent
Consultant, plus the people sponsored by these Independent
consultant and so on
Leg: Each personally sponsored Independent Consultant on your first
level is part of your total Downline and is a separate “leg.” You and your
entire organization (Downline) are one “leg” to your sponsor.
Level: The people you personally sponsor are your first level. The ones
they sponsor are your second level. The ones your second level
sponsors are your third level, etc.
Glossary of Important Terms
Qualified Director: A consultant can become a director through the
accumulation of the GBV over a period of time. However for him/her to
be qualified director in any given calendar month, he/she has to do the
required PGBV. Monthly bonuses for Director require the Director to be
qualified for the same. For all titles, monthly payouts will be determined
basis “Qualified” directors in the team.
Generation: The first Qualified Director or above in your enrolment legs
will be your first Generation and so on
PREM SINGH…
visit www.modicare.com
Join the Club with Sponsor ID-
88510692
feel free to contact on 07503660076 after5
pm.
All the Best
1 sur 43

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Modicare Azadi plan full detail

  • 1. SAMIR MODI AZADI PLAN NAYE IRAADE NAYI DUNIYA NAYI BUNIYAAD NAYA MODICARE
  • 2. WANT TO FOLLOW YOUR DREAMS!!! • Be your own Boss, no time bounding. • Work at your ease. • Turn your daily life expenses into EARNING. • Zero investment as joining fee. • Work for 3 to 5 years and you won’t have to work in your life for your daily JOB. • There is no limit of earning. You can earn in lacks. Visit https://modicare.com/successstory.aspx for real success stories.
  • 3. What is in it for me… • 8 Areas of Life Long Income • One of the Best Plan in the Industry- Upto 62% payouts • Accumulative Plan with no time limits- Never start from Zero • Titles for Life • Modicare Partner for Life – No renewal • Earn Bonus on all volume – Effort rewarded 100% • Travel to Dream Holiday Destinations abroad • Own your Dream Car • Own your Dream House • International Quality products backed by 100% Satisfaction Guarantee
  • 4. Samir Modi Azadi Plan offers you 8 Areas of Income 1 Savings on consumption – upto 20% 2 Retail profit – Upto 20% 3 Accumulative Performance Bonus – 7%-22% 4 Director Bonus - 14% 5 Leadership Productivity Bonus - 15% 6 Outbound Travel Fund- 3% 7 Dream Vehicle Fund - 5% 8 Dream Home Fund - 3%
  • 5. Savings on Consumption Upto 20% • Modicare offers products in 9 categories that are of regular use for the entire family. As a Modicare consultant you buy products on a discount upto 20% on the MRP (maximum retail price) which means savings in your household expenses month on month
  • 6. Retail Profit Upto 20% • As a Modicare Consultant you purchase products at Consultant price and can share the products with your Customers at Retail price/MRP. The difference between the price that you pay and the price at which the products are sold is the Retail profit that you earn. You can earn Retail profits of upto 20%. • Example: You share products worth Rs. 2500 at MRP at an upto 20% markup on consultant price. The consultant price of these products is Rs. 2000. Hence, you will earn upto Rs. 500 as the Retail Profit
  • 7. Accumulative Performance Bonus • Earn bonus right from word go… no waiting … practically any product purchase would qualify for a cheque • You never start with zero… accumulation helps you grow your and team’s level and thereby continuous growth in level / titles and more income, more rewards…
  • 8. AccumulativePerformanceBonus(APB)7%-22% Performance Bonus Level Accumulative PV Accumulative BV % Max Max Consultant 1-300 25-7,524 7% Senior Consultant 301-1,200 7,525-30,024 10% Associate Supervisor 1201-2,700 30,025-67,524 13% Deputy Supervisor 2701-4,500 67,525-1,12,524 16% Supervisor 4501-6,000 1,12,525- 1,50,024 19% Director 6,001+ 1,50,025+ 22% •To qualify for performance bonus, a distributor must have a minimum personal purchase of 300 BV till the level of Supervisor and 600 BV from Director Level upwards. •If in any case a consultant fails to make personal purchase, the bonus earned in that month is carried forward and is released in the month, the distributor makes personal purchase. CurrentPV:BVRatio-1:25** **:Subjecttochange
  • 9. Modicare Fast Start Program Single Month Fast Start 240 PV (6,000 GBV) in a single month before hitting 10% Granted a special growth and level of 10% PLUS Free Accidental Insurance worth Rs 1 Lac
  • 10. Example 1: Performance Bonus Calculation • How do you calculate these performance bonuses? The following examples will explain the calculations. • Let’s assume that in month 1 when you have joined, • You have sponsored 4 of your friends as your downline distributors. You PBV-6000 A PBV-4000 B PBV-3000 C PBV-2000 D PBV-20000
  • 11. Example 1: Performance Bonus Calculation Your Group Business Volume (GBV) 35,000 Your Group is entitled to 13% performance bonus = 35,000 X 13% = Rs. 4550 Rs. 4550 are to be divided amongst your downlines and you according to the levels of their achievement. A is qualified for 7% and gets 4,000 X 7% = Rs. 280 B is qualified for 7% and gets 3000 X 7% = Rs. 210 C is qualified for 7% and gets 2000 X 7% = Rs. 140 D is qualified for 10% and gets 20000 X 10% = Rs. 2000 Rs. 2630 is distributed to your downlines and the balance Rs. 1920 is your performance bonus for the month.
  • 12. Example 2: Performance Bonus • Let’s assume that in month 2 you and your downlines have done the following business: You PBV-5000 Accumulated BV-6000 Total-11000 A PBV-10000 Accumulated BV-4000 Total-14000 B PBV-15000 Accumulated BV-3000 Total-18000 C PBV-5000 Accumulated BV-2000 Total-7000 D PBV-20000 Accumulated BV-20000 Total-40000 Your Group Business Volume (GBV) for Month 2 is 55,000 Your Last month Group Business Volume (GBV) was 35,000 Your accumulative GBV is 90000
  • 13. Example 2: Performance Bonus • You are paid on the Business Volume (BV) which you have generated in the current month whereas previous month BV is added to determine the performance bonus levels • Your Group is entitled to 16% performance bonus = 55000 X 16% = Rs. 8800 • Rs. 8800 is to be divided amongst you and your downlines according to the levels of their achievement. Let's see how your downlines earn their bonuses: Consultant A • Last month BV 4,000 • This month BV 10,000 • Cumulative BV 14,000 • A is now qualified for 10 % on this month's BV gets Rs. 1000 Consultant B • Last month BV 3,000 • This month BV 15000 • Cumulative BV 18000 • B is now qualified for 10% on this month's BV gets Rs. 1500
  • 14. Example 2: Performance Bonus Consultant C • Last month BV 2000 • This month BV 5000 • Cumulative BV 7000 • C is now qualified for 7 % on this month's BV and gets Rs. 350 Consultant D • Last month BV 20000 • This month BV 20000 • Cumulative BV 40000 • D is now qualified for 13% on this month's BV and gets Rs. 2600 Total bonus distributed in your team is Rs. 5450 Your APB earning = 8800-5450 = Rs. 3350/- • This way your Business Volume gets accumulated month after month. • In Modicare, everyone can achieve the Director level and there are no demotions in titles • These are mathematical examples only for illustration purposes. Incentives are paid out only when personal targets are met
  • 15. How do you progress with Modicare TITLE No. of Qualified DIRECTOR Legs QUALIFYING CONDITIONS Director NA PBV≥ 600, PGBV≥31250 Senior Director 1 PBV≥ 600, PGBV≥27500 Executive Director 2 PBV≥ 600, PGBV≥22500 Senior Executive Director 3 PBV≥ 600, PGBV≥15000 Platinum Director 4 PBV≥ 600, PGBV≥7500 Presidential Director 6 PBV≥ 600 Crown Diamond Director 8 PBV≥ 600 Royal Black Diamond Director 11 PBV≥ 600 Global Black Diamond Director ≥ 14 PBV≥ 600 PBV is included in PGBV
  • 16. Qualified Director Month-1 You PBV-600+ Total team vol. 6001+ PV / 1,50,025 PGBV (Fresh or accumulated) Qualified Director Month-2 You PBV-600+ Total team vol. Min. 1250 PV or 31,250 PGBV (current month fresh PGBV) Qualified Director
  • 17. Fast Start Director • If any distributor achieves 4800 PV (120000 GBV) in a single business month before hitting 22% level, then he / she qualify as Fast Start Director
  • 18. Scenario1:QualifiedTitlesinMay2015 • In this Example A,B, C &D are Qualified Directors • “X” is a Qualified Platinum Director (4 Qualified Director Legs and PGBV of ≥ 7500 • “You” would qualify for Accumulative Performance Bonus, Director Bonus, Leadership Productivity Bonus, OTF and DVF • A,B,C,D would qualify for Accumulative Performance Bonus and Director Bonus You PBV≥ 600 PGBV-20000 A PBV≥ 600 PGBV-50000 B PBV≥ 600 PGBV-40000 C PBV≥ 600 PGBV-40000 D PBV≥ 600 PGBV-35000
  • 19. Scenario2 PGBVRollOverof NonQualifiedDirectors • In this Example A,B, C &D are Valid Directors , but due to non achievement of min. PGBV of 31250, B, C, D would not be Qualified Directors in June. However A is a Qualified Director • In this case the PGBV of B, C and D will be rolled up to X • X now has 1 Qualified Director Leg and a total PGBV of 30000 and PBV of 600, which qualifies him now at the Senior Director Level X PBV≥ 600 PGBV-0 A PBV≥ 600 PGBV-50000 B PBV≥ 600 PGBV-10000 C PBV≥ 600 PGBV-10000 D PBV≥ 600 PGBV-10000
  • 20. Scenario3 PGBVRoll Overof Non QualifiedDirectors • In this scenario, X1 has not used the PGBV roll over of non qualified Directors B, C and D- His PGBV post roll over adds to 22000+600, whereas he needs atleast 27500 PGBV • In this example, the PGBV of B, C and D will now be rolled over the next upline who can qualify on Director or higher with the roll over • Here X now will have 11000+22000 PGBV, which qualifies him for Senior Director X1 PBV≥ 600 PGBV-0 A PBV≥ 600 PGBV-50000 B PBV≥ 600 PGBV-10000 C PBV≥ 600 PGBV-5000 D PBV≥ 600 PGBV-7000 X PBV≥ 600 PGBV- 11000 PGBV roll over of non qualified director is only considered for title
  • 21. Director Bonus (14% Pool) • Modicare TO SET ASIDE 14% of Company's monthly BV as Director Bonus (DB) Pool. • This is computed by a "Point System" based on the Director Bonus points earned by all qualifying Director and above achievers. • DB point index would be allotted basis the monthly computation and is likely to vary from month to month and would be determined and announced post month closing. • The formula of determining DB points is as mentioned below: • Modicare’s total monthly BV = A • Director Bonus Pool (14% of A) = B • Sum Total of DB points collected by all DB qualifiers in a month = C • DB Point index (Rupees) = B/C
  • 22. Director Bonus (14% Pool) Status Qualified Director Generation in % You 1 2 3 4 5 6 7 8 9 Director 6 Senior Director 6 5 4 Executive Director 6 5 4 3 Senior Executive Director 6 5 4 3 2 Platinum Director 6 5 4 3 2 1 Presidential Director 6 5 4 3 2 1 0.5 Crown Diamond Director 6 5 4 3 2 1 0.5 0.5 Royal Black Diamond Director 6 5 4 3 2 1 0.5 0.5 0.5 Global Black Diamond Director 6 5 4 3 2 1 0.5 0.5 0.5 0.5
  • 23. Director Bonus (14% Pool) • In the example an illustration is shown how the Director Bonus points are calculated. Please note that these examples are assumptions only and mentioned for the purpose of concept clarity. • There is a distributor X who has a downline X1 and X1 also has a downline A X(PBV 600BV) PGBV - 35000 X1(PBV 600BV) PGBV - 35000 A(PBV 600BV) PGBV - 155000
  • 24. Director Bonus (14% Pool) X is a Senior Director and is eligible to get Director Bonus on 2 generations. DB Points computation for X: 6% on his own PGBV= 6% of 35000 = 2100 points 5% on X1’s PGBV = 5% of 35000 = 1750 points 4% on A’s PGBV = 4% of 155000 = 6200 points Total Points collected by Senior Director X = 2100+1750+6200 = 10050 Points In the above example X1 is also a qualified Senior Director and is eligible to receive Director Bonus points: DB Points computation for X1: 6% on his own PGBV= 6% of 35000 = 2100 points 5% on A’s PGBV = 5% of 155000 = 7750 points Total Points collected by Senior Director Director X1 = 2100+7750 = 9850 Points In the above example A is a qualified Director and is eligible to receive Director Bonus points: DB Points computation for A: 6% on his own PGBV= 6% of 155000 = 9300 points Total Points collected by Director A = 9300 Points
  • 25. Director Bonus (14% Pool) For illustration purposes we assume that the company’s Business Volume for the month is 1 Crore and DB points collected by all Director and above achievers are 21 Lacs: Modicare’s total monthly BV = A = 10000000 Director Bonus Pool (14% of A) = B = 1400000 Sum Total of DB points collected by All DB qualifiers in a month = C = 2100000 DB Point index (Rupees) = B/C = 0.66 Basis the above DB point index the Director Bonus earnings would be as follows: Distributor DB Points DB Point Index DB Earning (Rs.) X 10050 0.66 6633 X1 9850 0.66 6501 A 9300 0.66 6138 The above is only an example and Point Index for the previous month can vary as per performances
  • 26. Dynamic Compression • To qualify for DB, all qualifiers have to have a personal purchase of 600 PBV. • DB will be paid on all qualified director groups • If your direct director downline has not qualified, then the PGBV of non qualified directors is clubbed down till a qualified director irrespective of the generation. However, If no Qualified Director is found then the PGBV of non qualified directors is clubbed to the PGBV of the first Qualified Director above.
  • 27. Dynamic Compression- Example Senior Exec Director 600 PBV, PGBV 27500 600 PBV, PGBV 28000 PGBV 10000 PGBV 5000 600 PBV, PGBV 30000 600 PBV, PGBV 35000 PGBV 10000 PGBV 15000 A D E Non Qualified DirectorQualified Director You B C F G Generation 3 35000+10000+ 15000= 60000 Generation 2 10000+5000+ 30000 = 45000 Generation 1 PGBV 28000 Since E is a qualified director, and F and G are not, the PGBV of F and G will be added to the PGBV of E.
  • 28. RollupofnonqualifiedDirectorPGBVforupline’stitleandDB calculation X PBV 600, PGBV 35000 X1 PBV 600, PGBV 25000 X2 PBV 600, PGBV 3000 X3 PBV 600, PGBV 25000 X4 PBV 600, PGBV 5000 X5 PBV 600, PGBV 15000 X5 (NQD) PGBV will be first rolled up to X4 (NQD) which in this case makes the PGBV of X4 = 20000 (5000+15000). Even now X4 does not qualify as he has inadequate PGBV. Now, the PGBV of both X5 and X4 will be rolled up to X3 which makes the PGBV of X3 = 45000 (15000+5000+25000). This makes X3 a Qualified Director Now the rolling up of PGBV of X5 and X4 will stop at X3 as X3 has qualified as a Director by using the non qualified PGBV Now we will roll up the PGBV of X2 (NQD) to X1 which makes X1’s PGBV as 28000, Thus making X1 as a Qualified Senior Director. X is now a Qualified Senior Director Deciding DB Payouts for X: Director Bonus Qualifiers: X, X1 and X3 For X , X1 and X3 are his 2 generations: X will get 6% points on his/her PGBV of 35000 X will get 5% points on PGBV of X1 which is 5% of 25000 X will get 4% points on PGBV of X3 which is 4% of 48000 (3000+ 25000+5000+15000) If the immediate upline is a Qualified Director or higher, then the PGBV of the Non Qualified Director or higher will not be rolled up DynamicCompression PGBV includes PBV
  • 29. Leadership Productivity Bonus (15% Pool) • This bonus as the name suggests is paid as a reward to create leaders in your team. • Modicare has set aside 15% of Company's monthly BV as Leadership Productivity Bonus (LPB). • It is paid to all Qualified Senior Director and above distributors who have atleast one leg of 90000 GBV with a Qualified Senior Director above in the same
  • 30. Leadership Productivity Bonus STATUS Qualified Director Groups QUALIFYING CONDITIONS GENERATION PAID IN % You 1 2 3 4 5 6 7 8 Senior Director 1 GBV 90000 5 5 Executive Director 2 GBV 90000 5 5 5 Senior Executive Director 3 GBV 90000 5 5 5 5 Platinum Director 4 GBV 90000 5 5 5 5 4 Presidential Director 6 GBV 90000 5 5 5 5 4 3 Crown Diamond Director 8 GBV 90000 5 5 5 5 4 3 2 Royal Black Diamond Director 11 GBV 90000 5 5 5 5 4 3 2 1 Global Black Diamond Director ≥ 14 GBV 90000 5 5 5 5 4 3 2 1 0.5
  • 31. Leadership Productivity Bonus Rules: • A qualifying up-line Senior Director and above can earn LPB only on all Qualified Senior Director and above down-lines PGBV upto 8 generations • In order to earn on all the qualifying generations in your depth (as mentioned in LPB table) you must maintain a title higher than all qualifying downlines, however • Incase your Downline in the LPB qualification leg is at equal or higher paid as title than you, then you will be paid only on one more generation under him/her • Qualified Senior Director and above is eligible to receive a Guarantee of 4500 points from all legs with a GBV of atleast 90000 and a Qualified SD or above in those legs • All Qualified Senior Director and above distributors who are eligible to earn LPB must give a “Guarantee” of 4500 points to the next qualifying Senior Director and above up-line • Non Qualified volumes will be considered for LPB earning only in legs which qualify for LPB
  • 32. Leadership Productivity Bonus • LPB is computed through a "Point System" based on the LPB points earned by all qualifying Senior Director and above achievers. • LPB point index would be allotted basis the monthly computation and is likely to vary from month to month and would be determined and announced post month closing. LPB Point Index would be computed as mentioned below: Modicare’s total monthly BV = A Leadership Productivity Bonus Pool (15% of A) = B Sum Total of LPB points collected by All LPB qualifiers in a month = C LPB Point index = B/C
  • 33. Ex. Director- You PGBV- 25000 “X”-Ex. Director PGBV-30000 “A”-Sr. Director PGBV-30000 “B”-Sr. Director PGBV-30000 Guarantee of 4500 points “C”-Sr. Director PGBV-32000 “D”-DIRECTOR PGBV-35000 “A”, “C” and “B” are qualified Senior Directors but do not have a 90000 GBV leg, hence they do not qualify to earn the LPB “X” is eligible to get LPB on Leg “A” as this leg is > 90000 GBV and also has a qualified Senior Director (“A”). However, inspite of “B” being a qualified Senior Director, “X” will not be paid LPB on this leg as the GBV of this leg is < 90000 Leadership Productivity Bonus “B1”- Director PGBV-35000 Guarantee of 4500 points
  • 34. LPB Earning LPB Qualifier Total Points Earned Guarantee to Upline Points Retained X 5% of 30000 + 5% of 30000+ 5% of 32000 + 4500 pts from leg “A”= 9100 4500 4600 You (Same Title as X) 5% of 25000 + 5% of 30000+ 5% of 30000 + Guarantee from “X” (4500) = 8750 4500 4250
  • 35. LPB Illustration 2 QSD “You” PGBV 40000 NQD “A” PGBV 10000 QSD “B” PGBV 30000 QD “C” PGBV 65000 NQD “D” PGBV 20000 NQD “E” PGBV 15000 “You” is a Qualified SD (QSD) and since Leg “A” has a GBV of 90000 + and QSD “B” in the same, “You” will qualify for LPB– “You” will earn LPB points on his PGBV and PGBV of B NQD “A” PGBV of 10000 will be considered for LPB calculation and the same will get compressed in the PGBV of B for your point calculation However, since Leg “D” and Leg “E” do not have a GBV of atleast 90000 with a QSD in the same, The PGBV of “D” and “E” will not be considered for LPB payouts. Though this non qualified volume will be considered for Director Bonus for “You”
  • 36. Modicare Outbound Travel Fund 3% Rules: 1. The OTF is to be used for travel trips announced by the company 2. Director Bonus points to be used for the OTF calculation Qualified Senior Director and above OTF Point Value = 3% x Total Company BV Total OTF Points collected
  • 37. Rules: 1. Maintain Qualified Senior Executive Director or higher for 3 consecutive months and earn the DVF from fourth month onwards 2. A consultant qualifying for the Dream Vehicle Fund has to purchase a car after getting approval from the company 3. Rs 1,00,000/month is maximum you can earn in DVF 4. Director Bonus points to be used for the DVF calculation 5. Once a distributor qualifies for DVF ; then he/she can keep earning this even after qualifying as > Senior Director Achiever Qualified Senior Executive Director and above DVF Point Value 5% x Total Company BV Total DVF Points collected= Modicare Dream Vehicle Fund 5%
  • 38. Rules: 1. Maintain Qualified Presidential Director or higher for 3 consecutive months and earn DHF from fourth month onwards 2. The Dream Home Fund will be released by Modicare in the following month along with the Bonus Cheque 3. Rs 1,20,000/month is the maximum you can earn in DHF 4. Director Bonus points to be used for the DHF calculation 5. Once a distributor qualifies for DHF ; then he/she can keep earning this even after qualifying as > Senior Director Achiever Qualified Presidential Director and above DHF Point Value 3% x Total Company BV Total DHF Points collected= Modicare Dream Home Fund 3%
  • 39. Other Rules • To earn bonus, minimum PBV required is : – 300 PBV (Consultant to Supervisor) – 600 PBV (Director and above) • All Bonuses are subject to TDS as per rules
  • 40. Glossary of Important Terms PV : Point Value is a unit amount assigned to each product. The total PV associated with your monthly sales volume is tracked to determine your performance bonus level %. BV : Business Volume is the value the Company assigns to each product and is used to calculate the Consultants’ bonus and status for any particular month. Currently the PV BV ratio is 1: 25 and is subject to change by the company from time to time PBV : Personal Business Volume. This is the sum total of BV of all products bought by you personally in any particular month PGBV : Personal Group Business Volume, is the business volume of your entire group & does not include the business volume of qualified Director group/groups. PGBV includes your personal business volume
  • 41. Glossary of Important Terms GBV : Group Business Volume, is business volume generated by your entire group in any particular month and includes your personal business volume Cumm BV : Cumulative Business Volume, is Business volumes accumulated by your group Downline: Those people directly sponsored by an Independent Consultant, plus the people sponsored by these Independent consultant and so on Leg: Each personally sponsored Independent Consultant on your first level is part of your total Downline and is a separate “leg.” You and your entire organization (Downline) are one “leg” to your sponsor. Level: The people you personally sponsor are your first level. The ones they sponsor are your second level. The ones your second level sponsors are your third level, etc.
  • 42. Glossary of Important Terms Qualified Director: A consultant can become a director through the accumulation of the GBV over a period of time. However for him/her to be qualified director in any given calendar month, he/she has to do the required PGBV. Monthly bonuses for Director require the Director to be qualified for the same. For all titles, monthly payouts will be determined basis “Qualified” directors in the team. Generation: The first Qualified Director or above in your enrolment legs will be your first Generation and so on
  • 43. PREM SINGH… visit www.modicare.com Join the Club with Sponsor ID- 88510692 feel free to contact on 07503660076 after5 pm. All the Best