Sachchi Advise Form
1. PersonalInformation
Policy holder’s Name Date of Birth Age
Mobile No. Office Contact No. Email ID
Occupation Business Salaried
No. of employees
NameofCompany/Establishment Designation/Position
(in case of own company)
2. Family Information
Spouse Name Child 1 Name Child 2 Name Nominee Name:
Age : Age : Age : Age :
3. Policy Details (Record all Max Life Insurance & Non – Max Life Insurance policy details)
Policy Plan Sum Premium Due Total premium Fund/ Account Top up paid Fund/ Bonus
Mode
No Name Assured Amount date paid till date Value if any option
Service Requirements: 1. Premium Receipts 2. Fund Statements 3. Nominee Change 4. Address Change 5. Fund Switching
6. Any other _____________________________________________
Sir/Ma’am, People generally in your age, talk about 3 important financial needs, which are Child Education, Retirement &
Protection. What is your number one priority right now?
Top Financial Goals
✓ Financial security of family In case of Death Disease Disability
✓ Child education Child marriage
✓ Retirement Planning
Financial Pyramid
• Nice To Do (Greater Wealth Potential)
Speculative ✓ (K) Real Estate, Direct Equity, Art etc.
Investments
• Should Do (Strive to Beat Inflation)
Strong Growth ✓ (I) Unit Linked Plans-PWP/FTS/FWAP
Investment ✓ (J) Wealth Creation-MF
• Must Do (Save for Opportunities)
Saving Stage: ✓ (F) Personal Retirement-GLIP, SWAG Pension
✓ (G) Children's Education Funding-SWAG/SWAG
Capital Accumulation PAR/SWP
• Absolutely Necessary (Survival)
✓ (A) Medical Insurance -SEWA
Base of the Financial Pyramid: ✓ (B) Term Insurance-SSPP
Insure the “What Ifs” ✓ (C) Life Insurance
✓ (D) Auto/ Home / Liabil ity Insurance
✓ (E) Emergency Cash Fund
Sachchi Advice
Fact Finding Tools
Human Life Value (35-50 yrs) Income Protection (25-40 yrs)
Current Age: yrs
Example: Monthly expense * 200 = Income Protection
Retirement Age: yrs required @6%
Years remaining for retirement: yrs (A)
Income Protection amount:
Current Annual Income: p.a. (B)
Note: Do ask the monthly expense and multiple with 200 to know
HLV/Unearned Income= (AxB)
the income protection required in case death
Note-Inflation & increase in income not considered
Retirement Planning (45-60 yrs) Child Education/Marriage Planning
Current Age: yrs
Current Cost _______________
Years remaining for retirement: yrs
Years to Goal ______________
Present annual house hold expense: per month
Monthly pension required: Rs. (A) (Use Rule of 72) # Future Cost (Use Ready Reckoner) (A) _____________
Pension Corpus required: Rs. Lacs (Ax200*) Current Provision____________
Note-
Future Value of Provision (Use Ready Reckoner)(B)___________
# - Consider Inflation @ 8%.
- Considered future Bank Interest rate on Pension corpus @ 6%.
Need (A-B)___________
Annual Money Commitment:
Ready Reckoner : Calculation of future value using current value and years to goal
Years to Goal 10 12 15 18 20 22 25 30
Multiplier@6% 1.8 2.0 2.4 2.9 3.2 3.6 4.3 5.7
Multiplier@8% 2.2 2.5 3.2 4.0 4.7 5.4 6.8 10.1
Multiplier@10% 2.6 3.1 4.2 5.6 6.7 8.1 10.8 17.4
