The document summarizes a business presentation about life insurance provided by Bajaj Allianz Life Insurance. Some key points:
- Bajaj Allianz Life Insurance is a partnership between Bajaj, an Indian conglomerate, and Allianz, a large German insurance company, bringing together local and global expertise.
- A new life insurance product called "New Family Gain" is presented, which provides a sum assured for critical illness and death, as well as a savings component with potential returns of 15-25% annually over a premium period of 3-70 years.
- The presentation outlines customer benefits of Bajaj Allianz policies and a referral-based business plan to incent
2. Why Life Insurance ????? Fast Track Life Nuclear Families Job demands Traveling Security Investments Tax Benefits
3. YES HIGH GOOD LOW HIGH LIFE INSURANCE None Average Average Low High Post Saving Schemes None Average Uncertain High Average Mutual Fund None Low Low Average Average Bonds, FD None Low Average Low High KVP/NSC None Low Uncertain Average Low Shares None Good Good Low High PF Life Cover Tax efficiency Post Tax Returns Liquidity Safety Instrument
4. Who is Bajaj ???? Bajaj- Rs.8000 Crore Household. Bajaj Auto- 4000Cr. Asset 55 Years–Trusted Company No. 2 in 2&3 - Wheeler manufacturer in India No.4 in World Level 15,000 Employees
5. Who is Allianz ??? Leading Global Insurance Company Started in Germany @1890 – 116 Years Rs.58,92,000 Cr – Asset Global Networks - 70 Countries Largest Asset Manager in the World 7 Wonders & Twin Tower - insured by Allianz
6. Why Bajaj Allianz ??? Fastest growing private Life Insurer in India . The total sum assured rose to Rs.4137 Cr since inception Bajaj Allianz Life records GWP of Rs. 250 Cr in just first 6 months 3,95,000 satisfied customers across the country
7. More than 39,05,112 customers have selected Bajaj Allianz Every day more than 4000 Policies issued online.
8. Amount of claims paid since inception is more than Rs. 295,00,00,000.00 Settled more than 1,95,000 claims.
9. Bajaj Allianz is a customer friendly & best services company in Insurance Industry.
10. Who is TLC??? TLC – Team Life Care Involved in marketing of Insurance policies and allied services, having wide experience of Referral Marketing No.1 Channel Partner of Bajaj Allianz
12. Name of the Policy : New Family Gain Premium : 5000 (Half-yearly) Minimum Premium Paying Term : 3 years Partial & Full Withdrawal : After 3 Years Fund Growth Rate : 15% to 25% Per annum Age 0-10 11-20 21-30 31-40 41-50 51-55 56-60 SA 3.5L 3.0L 2.5L 2.0L 1.5L 1.0L 70 K SA - Sum Assured in Lakhs
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16. Premium Period - Min. 3 yrs & Max. 70 yrs Maturity Period - Starts from 4th yr Partial Withdrawal: Eligible from 4th yr onwards Ex: Principle Amount - Rs. 30000 Partial withdrawal - Rs. 15000 After Partial Withdrawal: Rs. 15000 Policy Coverage - remains same Full Withdrawal - Policy has to be surrendered
17. Growth Illustration Table (As per IRDA Norms) Growth Rate Optimistic Estimation Conservative Estimation @ 6% @ 10% At the end of 4 th yr Rs. 31,800/- Rs. 33,000/- At the end of 5 th yr Rs. 33,708/- Rs. 36,300/- At the end of 10 th yr Rs. 45,108/- Rs. 58,416/- At the end of 15 th yr Rs. 60,365/- Rs. 94,152/- At the end of 20 th yr Rs. 80,784/- Rs. 1,51,634/- At the end of 25 th yr Rs. 1,08,106/- Rs. 2,44,208/- (Refer ww.irdaindia.org) New family gain is Unit Linked Insurance Plans (ULIPs). Investment in ULIP is subject to risks associated with the Capital markets. The Policyholder is sole responsible for his/her decisions while investing in ULIPs. All charges applicable shall be levied. The fund value shown above is only indicative & not guaranteed at 6% and 10% respectively. Insurance is subject of matter of the solicitation.
19. Documents Required DD Rs. 10000/- in favour of “Bajaj Allianz Life Insurance Co. Ltd.,” payable @ Salem Proposal Form Check List Standard Age Proof Copy Address Proof Copy Photo ID proof IT return copies for premium 1 lakh and above 3 passport size photos
