Monthly Income Plan

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This training material is for sales personnel only and should not be used for solicitation. This training material is for sales personnel only and should not be used for solicitation.
Product Bharti AXA Life Monthly Income Plan
Minimum age at entry 0 years (91 days)
Maximum age at entry 65 years
Policy Term Options 15, 25 and 30 years
Maximum maturity age 80 years for 15–year term
90 years for 25–year term
95 years for 30–year term
Minimum premium (Annual mode) ` 23,000 for 15–year term
` 18,000 for 25–year term
` 7,500 for 30–year term
Premium payment modes Annual, Semi - Annual, Quarterly*, Monthly*
(* Through ECS only)
Minimum monthly income ` 2000 for 15–year term
` 1000 for 25–year term
` 700 for 30–year term
Parameters:
Benefits:
- Cuaranteed tax- free monthly income
- Famlly lnocme Suppcrt Beneflt
- lctentlal upslde thrcugh bcnuses
- Tax beneflts
Bharti AXA Life Monthly Income Plan
T – Model
Product Pitch
Customer
Name: ___________________________
Name of the Product: Bharti AXA Life Monthly Income Plan
^ge lclloy Tenure llT lremlum lremlum Frequenoy
35 years 25 years 10 years ` 1,00,006 Annual
Current Age
35 Survival/Maturity
Benefit
Death Benefit
30
25
20
10
5
0
15
` 1L
` 1L
` 1L
` 1L
` 1L
` 1L
` 1L
Premium
Payment
Term (PPT)
Premium
Monthly income
starts from 11
th
year
(@ ` 6,901 per
month)
Monthly income
continues till 25th
year
(@ ` 6,901 per
month)
+
^oorued Bcnus
Monthly
Income
Period (MIP)
1) Death during 5
th
year
2) Death during 15
th
year ath duri
1) Death during PPT (5
th
yr)
- Mcnthly lnocme starts after
5
th
year, for next 15 years.
(` 6,901 * 12 * 15 =
` 12.42 Lakhs)
- ^oorued Bcnuses are pald
(after 4
th
yr.) = ` 65,214
(@ 10% gross rate of return)
2) Death during MIP (15
th
yearr)
- Mcnthly lnocme starts after
15
th
year, for next 15 years.
(` 6,901 * 12 * 15 =
` 12.42 Lakhs
- ^oorued Bcnuses are pald
(after 4
th
yrear.) = ` 7,17,359
(@ 10% gross rate of return)
st
c
Death Benefit Amount (` )
Scenario 1 : Death during PPT
1. Tctal Mcnthly lnocme reoelved 12,42,180
2. ^nnual Reverslcnary Bcnus (© 10º) 65,214
Scenario 2 : Death during MIP
1. Tctal Mcnthly lnocme reoelved 12,42,180
2. ^nnual Reverslcnary Bcnus (© 10º) 7,17,359

Total Death Benefit
12,42,180
+ Bonus
Maturity Benefit Amount (` )
1. Tctal Mcnthly lnocme reoelved 12,42,180
2. ^nnual Reverslcnary Bcnus (© 10º) 14,34,718
Total Maturity Benefit 26,76,898
11 12
This training material is for sales personnel only and should not be used for solicitation. This training material is for sales personnel only and should not be used for solicitation.
Sales Pitch - Bharti AXA Life Monthly Income Plan
Assume, an Annual Premium of ` 1 Lakh,
Customer is a 35 year old male. By paying a premium of ` 1,00,006 for 10 years he
gets a second income of ` 6,901 per month (` 82,812 per annum). He also secures
his family’s future as in case he dies, his family as well gets the monthly income for the
same period as per the original plan along with the vested bonuses (if declared).
DEATH BENEFIT (In the Premium Payment Term):
Let me first explain the Death Benefit. While I certainly hope that something like that
would never happen, but sir, that’s the main reason why we take life insurance.
Suppose you have been paying your premiums regularly for 5 years. However,
unfortunately, at this stage the Policyholder passes away.
1) Your nominee gets all accrued bonuses as soon as death occurs.
2) Your family will get a Total Income of approx. ` 12,42,180, in the next 15 years.
- whlle the bcnuses prcvlde rellef frcm lmmedlate flnanolal exlgenoles ycur ncmlnee
also gets a monthly income of ` 6,901 to cater to other financial needs like child
school fees, routine house hold expenses like utility bills, EMI’s, etc.
DEATH BENEFIT (In the Monthly Income Period):
Suppose you have been paying your premiums regularly for 10 years and in case of an
unfortunate event of death in the period, where you would receive the monthly income,
say in the 15th year, the nominee gets the same monthly income for another 15 years
from the date of death.
- Sc, e.g., the pclloyhclder reoelved the mcnthly lnocme fcr a perlcd cf 5 years, when
the death of the Life Insured happened, the nominee would get the monthly income
for another 15 years.
- The ncmlnee gets aoorued bcnus as sccn as the death coours.
MATURITY BENEFIT:
- ln oase cf maturlty ycu shall get a guranteed mcnthly lnocme cf ` 6,901 for the next
15 years (post premium payment of 10 years). Post the end of these 15 years you
shall be paid out all the vested bonuses which is approximately ` 14,34,718
(@ 10% returns).
Closing sentences:
- Thls ocmblnatlcn cf beneflts that ycu get frcm cur Bhartl ^X^ Llfe Mcnthly
Income Plan is very comprehensive and is one of the best in the market.
- l dc nct thlnk that ycu wlll flnd ancther ocmparable prcduot ln the market,
currently, which will provide a guaranteed income for a definite time which you
can decide right at the time of buying the Policy.
13 14

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