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

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