PPP - Death Benefit Payout Options Bharti Axa.pptx

Hi

1. Premier Protect Plan Death Benefit Payout Options

2. By the end of this session the participants will be able to Understand Premier P rotect P lan death benefit payout options Objective

3. BAD IFs 3 | Critical Illness Hospitalisation Accident Death Bad Ifs can happen anytime and don’t give us a prior notice These BAD Ifs have an adverse impact on your life goals What kind of Impact ?

4. Impact of BAD IFs 4 | RESPONSIBILITIES ? ? ? Your income is affected as death will result in stop of income, an illness or hospitalization will adversely impact income As life goes on responsibilities keep on increasing There is a question mark on all 3 levels - Roti, Kapda , Makaan , Gyan / Mere kuch armaan / Khwaab aur shaan

5. There is one more aspect 5 | Even though provisions are made there is a possibility that life Goals may still be at a risk What if the nominee doesn’t know, what to do with the lump sum amount received ? What if this lump sum is parked in a risky asset ? What if some relative/friend asks for financial help and defaults on the payment ?

6. Premier Protect plan provides a unique benefit wherein the Proposer can opt for a death benefit payout option based on Nominees knowledge in managing finances One’s liabilities like Home loan, Personal Loan etc Death Benefit Payout Options 6 |

7. In case of unfortunate death… Option 1 7 | Option 1 : Lump sum * 2 Crores * To be chosen at inception Suitable for Customers who : H ave nominees with sound knowledge in managing financial transactions

8. In case of unfortunate death… Option 2 8 | Option 2 : Monthly Income * 2.08 Lacs for the next 120 months (10 years) = 2,49,60,000 Suitable for customers who would : Want r ecurring income for the nominee in order to meet monthly expenses . * To be chosen at inception

9. In case of unfortunate death… Option 3 9 | Option 3 : Lump sum + Monthly Income * 1 Cr + 1.86 Lacs for next 60 months (5 years) = 2,11,60,000 Suitable for Customers who would : W ant their outstanding loans to be cleared off A recurring income to start for his nominee. * To be chosen at inception

10. How to calculate ? 10 | 1.04% of the Sum Assured to be payable every month in the form of monthly income for 10 years with 1 st installment being paid at the time of death – i.e. 124.8% of the SA in total Monthly Income Lump sum + Monthly Income 50% of Death Benefit is paid immediately on death as lumpsum 0.93 % of the Sum Assured to be payable every month in the form of monthly income for 5 years with 1st installment being paid at the time of death – total of 105.8% of the SA

11. Let’s Calculate 11 | Monthly Income Lump sum + Monthly Income ? Lacs for the next 120 months (10 years) = ? ? + ? Lacs for next 60 months ( 5 years) = ? Life Cover opted is 3 Crores

12. Bad Ifs can happen anytime and don’t give us a prior notice What if the nominee is not able to make right choices when it comes to the lump sum received ? Premier Protect Plan provides 3 death benefit payout options to ensure that your families life goals are protected Summary 12 |

13. ALL THE BEST