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A year that will re-define your 5 th Category

A year that will re-define your 5 th Category. We have huge excitement in store for you in 2012. ARE YOU READY FOR IT !. Brings to you…. What we all have been waiting for…. A n exciting new product. Presenting…. Traditional, non participating , Money Back Insurance Plan.

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A year that will re-define your 5 th Category

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  1. A year that will re-defineyour 5th Category

  2. We have huge excitement in store for you in 2012 ARE YOU READY FOR IT !

  3. Brings to you… What we all have been waiting for… A n exciting new product

  4. Presenting… Traditional, non participating, Money Back Insurance Plan

  5. The Virtues of Monthly Income… Expenses are easier to plan when one knows the monthly income coming in… Medical expenses Children’s school fee & overhead activity expenses Monthly household expenses, including EMIs for the house, car, others… Festival season: Gifts and other expenses

  6. Among all your responsibilities, securingyourfamily’s future tops the chart • India is a country of 120 Cr people • Over 112 Cr people do not have any • form of Insurance • Out of those insured, 3 out of 4 • are under protected Source: IMRB Consumer U&A Research 2010 Guarantee your family a Monthly Income, and provide them the financial security they deserve

  7. What would you want…? • 96% of Indian working population • does not have a formal, mandated • provision for pension Source: http://www.rediff.com/news/2008/jan/09survey.htm Or old age, spent working? A luxurious retired life? We all wish to fulfill our responsibilities towards our parents in a better way… we can do that by gifting them a comfortable lifestyle during their golden years Receive a regular, guaranteed Monthly Income during Retirement!

  8. Inflation increases your expenses but not your Income! India’s inflation rate amongst the steepest in the world Food inflation grew by 11.6% from 2008-09 to 2010-11 In last 12 months alone, the fuel prices have gone up by almost 25% Fight inflation better by planning your monthly income well… Source: http://news.in.msn.com/business/article.aspx?cp-documentid=5248221&page=2

  9. A suitable solution will be one that offers… Guaranteed returns Protection of Life Protection of Financial Goals Beating inflation Monthly cash flows that help with expense management And in GMIP, we have all of these…

  10. Plus there is more…! Monthly Income Boosters to give a ‘boost’ to your monthly income!

  11. Guaranteed Monthly Income Plan : Give and Get Year 1 - 11 Year 12 - 21 GMIP: In which you pay 11 Annual Premiums Your GMIP pays you back: Every month, from 12th year onwards. For 10 years i.e. 120 payouts.

  12. Money if one lives – • Living benefits • Money if one doesn’t – • Death Benefits GMIP Benefits… • Refund of all premiums paid, immediately • Guaranteed Monthly Income – Starting 12th Year • All future premiums borne by the Company • Monthly Income Booster (Non-Guaranteed) – Starting 12th Year • GMI starts getting paid every month from the policy anniversary following the date of intimation of death • Guaranteed Terminal Benefit – With the last monthly payout in the 21st year • Guaranteed Monthly Income – Starting 12th Year • Monthly Income Booster (Non-Guaranteed) – Starting 12th year • Guaranteed Terminal Benefit– With the last monthly payout in the 21st year

  13. 1:Guaranteed Monthly Income Living Benefits • GMIP • 2: Monthly Income Boosters • 3:Guaranteed Terminal Benefit

  14. Living Benefits in detail… • From policy year 2 onwards, upon receipt of the renewal • premium, the policy will accrue monthly boosters • Along with your Guaranteed Monthly Income, you would also • get a variable monthly income booster which is based on the • Govt Securities rate. These are very low risk investments, and • the rate vary basis the interest rate scenario. • Boosters also start from the 12th year, and come to you • each month till the end of the payout period • The Booster rate attached will be determined as on the last • working day of the previous month in which renewal is paid • 2: Monthly Income Boosters

  15. Living Benefits in detail… Premium Paying Phase – 1-11 yrs Payout phase – 12-21 yrs Year 2012 Year 2013 Year 2014 Year 2024 Year 2023 Year 1 - 21 Jan - 1st Premium • 1st Renewal Premium Paid – Jan 2013 • Rate as on 31st Dec 2012 = 8.0% • Booster rate attached to policy is 53%, • which will be paid for 12 months in 2023 • 2nd Renewal Premium Paid • Rate as on 31st Dec 2013 = 8.5% • Booster rate attached to policy is 60% This rate gets locked in your policy for the 12 months of the benefit year; once accrued, boosters are guaranteed to be paid out…

  16. GMIP: A transparent plan! So in 2013, you know the income you will get paid 10 years later, in 2023 Is there any better guarantee than this in Life !

  17. Living Benefits in detail… • 200% of 1st annual premium is given as the • Guaranteed Terminal Benefit with the final • monthly payout If the annual premium is Rs. 70000, the final payout will include the GTB of Rs. 1,40,000/- • 3:Guaranteed Terminal Benefit

  18. This is how your GMIP works… Case Study Mr. Singh is 40 old and works in an MNC. He wants an additional regular monthly income to meet his future needs. Step 1: Mr. Singh decided that he needs a monthly income of Rs. 10,000 Step 2:His policy term is 11 years Step 3: The premium for his policy comes out to be Rs. 1,05,120* payable for 11 years *exclusive of Service Tax

  19. GMIP: Living / Survival Benefits Mr. Singh survives till the end of the payout period Rs. 2.1 Lacs as Guaranteed Terminal Benefit Monthly Income Booster Rs. 6000 Rs. 6000 Rs. 6000 Rs. 6000 Rs. 6000 Rs. 6800 Rs. 6800 Rs. 6000 Rs. 6000 Booster rate will vary depending on the benchmark rate. Rs. 6000 • Eg: • Year 12 payouts: • Total payouts: (GMI+MIB) • Rs. 16000 X 12 = Rs.1,92,000, consisting of: • Guaranteed Monthly Income: • Rs. 10000 X12 = 120000 • + • Monthly Income Boosters: • Rs. 6000 X12 = 72000 • Eg: • Year 14 payouts include: • Total payouts: (GMI+MIB) • Rs. 16800 X 12= Rs. 2,01,600, consisting of: • Guaranteed Monthly Income: • Rs. 10000*12 = 120000 • + • Monthly Income Boosters: • Rs. 6800*12 = 81600 Rs. 10000 per month (Rs. 120000 annually) Year 12 Year 21 Guaranteed Monthly Income Year 1 Year 11 Policyholder to pay premiums from year 1-11: Rs. 105120

  20. GMIP: Death Benefit In case Mr. Singh dies after paying 5 annual premiums 1 6 MNYL refunds the annual premiums paid by the policyholder from year 1-5 (Rs. 5.25 Lacs) Rs. 2.1 Lacs Guaranteed Terminal Benefit 5 GMI is now paid for 16 years, instead of 10 years Monthly Income Booster Rs. 6000 Rs. 6000 Rs. 6000 Rs. 6000 Rs. 6000 Rs. 6000 Rs. 6800 Rs. 6800 Rs. 6000 Rs. 6000 3 Nominee gets a monthly income of Rs. 10000 from year 6 - 11 2 Rs. 10000 p.m. (Rs. 120000 annually) Year 12 Year 21 4 Guaranteed Monthly Income continues Rs. 105120 Rs. 630720

  21. Mr. Singh, age 35, needs Rs. 10,000 monthly income from GMIP. Lets see how Mr. Singh is thinking about GMIP I need a monthly Income of Rs. 10000/- The last 3 years average of the benchmark rate is near about 8%...so I should be able to earn around 53% as income boosters My AIP told me to look at a 70:30 ratio between the GMI and MIB…so if I take Rs. 7000 as the GMI & let the balance come through boosters, at 53% booster rate, I can earn Rs. 3710 as boosters, making my monthly income to be 10,710/- This will also help me save almost 30% of the annual premium/-

  22. Alternatively…! I need a monthly Income of Rs. 10000/- I can take this entire amount as the guaranteed monthly income, so that there is no shortage of money. I can earn the monthly income boosters over and above this GMI! Which means that I could earn about Rs.15300* every month! Higher premiums = higher savings + guaranteed fulfillment of dreams *@8% booster returns

  23. GMIP: Product Features *Note: Premium Payment Term is equal to the policy term

  24. GMIP: Tax Benefit “The tax benefits under Max New York Life Guaranteed Monthly Income Plan are available as per the prevailing provisions and conditions of the Income-tax Act, 1961, including benefits under section 80C and 10 (10D) of the Act that should be available in respect of sums received under Max New York Life Guaranteed Monthly Income Plan” It may be noted that the tax authorities may independently examine the availability of the aforesaid benefits. Also, this is subject to any changes made to the tax legislation in future. The policyholders are advised to independently consult their tax advisor on their income-tax implications.

  25. Documents Required All documents to be self-attested by the customer

  26. The excitement is just building… For ABOs only: Submit 1 case of Guaranteed Monthly Income Plan On 12th Jan, 2012… And… Get this exclusive Sales Kit absolutely…

  27. Branded Key Chain Sales Kit Branded Pen Presentation CD Sales Tool Leaflets Proposal Forms

  28. And now, the news we’ve all been waiting for… Year GMIP First Year Premium 50% 1st Year renewal 50% 2nd Year renewal 10% 3rd Year renewal 10% And 5% thereon, every year, till renewals continue

  29. Don’t forget to collect your folder! For ABOs only: Submit 1 case of Guaranteed Monthly Income Plan On 12th Jan, 2012… And… Get this exclusive Sales Kit absolutely…

  30. The fifth Category

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