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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

A year that will

re-defineyour 5th Category



A year that will re define your 5 th category

Brings to you…

What we all have been waiting for…

A n exciting new product


A year that will re define your 5 th category

Presenting…

Traditional, non participating,

Money Back Insurance Plan


A year that will re define your 5 th category

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


A year that will re define your 5 th category

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


A year that will re define your 5 th category

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!


Inflation increases your expenses but not your income
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


A year that will re define your 5 th category

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…


A year that will re define your 5 th category

Plus there is more…!

Monthly Income Boosters

to give a ‘boost’ to your monthly income!


A year that will re define your 5 th category

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.


Gmip 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


Living benefits

Living Benefits

  • GMIP

  • 2: Monthly Income Boosters

  • 3:Guaranteed Terminal Benefit


A year that will re define your 5 th category

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


A year that will re define your 5 th category

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…


A year that will re define your 5 th category

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 !


A year that will re define your 5 th category

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


This is how your gmip works
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


A year that will re define your 5 th category

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


A year that will re define your 5 th category

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


A year that will re define your 5 th category

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/-


A year that will re define your 5 th category

Alternatively…! GMIP.

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


Gmip product features
GMIP: Product Features GMIP.

*Note: Premium Payment Term is equal to the policy term


A year that will re define your 5 th category

GMIP: Tax Benefit GMIP.

“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.


A year that will re define your 5 th category

Documents Required GMIP.

All documents to be self-attested by the customer


A year that will re define your 5 th category

T GMIP. he 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…


A year that will re define your 5 th category

Branded Key Chain GMIP.

Sales Kit

Branded Pen

Presentation CD

Sales Tool

Leaflets

Proposal Forms


And now the news we ve all been waiting for
And now, the news we’ve all been waiting for… GMIP.

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


A year that will re define your 5 th category

Don’t forget to GMIP. 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…