Discussion Point for today
A SCHEDULED COMMERCIAL
BANK
Discuss on
Guaranteed Pension Goal -||
Insurance Training by Bajaj Allianz.
FY 25-26
Insurance PLVP
A SCHEDULED COMMERCIAL
BANK
Sell & Earn
*To earn NOP points minimum ticket size is of 10,0000
Each Point worth Rs.50/-
Earn up to 37,000 PLVP with only
one IPRU Gold Pension Savings of 20lakh premium
Game-Changer Annuity Proposition
2 Pay
Industry first
Short Term
3 Pay
Regular Pay
Annuity Plan
4 Pay
More Flexibility
Sweet spot between Pay just for Sit back and watch your Ideal for people in their Easy to pitch
lumpsum and long PPTs few years retirement corpus grow Mid 50s, or 60s
This is a training document and should not be shared with general public in parts or as whole for solicitation.
Important points to remember
A SCHEDULED COMMERCIAL
BANK
Product Weightage
BAJAJ ALLIANZ GPG-|| (WEIGHTAGE-REGULAR PREMIUM)
TKT SIZE/PPT 2 PPT 3 PPT 4 PPT & ABOVE
<2 LAC 0% 0% 0%
2 LAC- 5 LAC 0% 0% 120%
5 LAC -10 LAC 0% 30% 120%
10 LAC- 20 LAC 10% 70% 120%
20 LAC & ABOVE 30% 80% 120%
* FOR 2 & 3 PPT- 30% EXTRA CREDIT WITH SAME AMOUNT OF FD
FOR 1 YEAR
* ALL SINGLE PAY WILL BE GIVEN 10% CREDIT
Terms and conditions
➢ DIGI Nach is mandatory for all cases
➢ Income proof/Source of Fund submission is mandatory for all cases
➢ BBH Approval is mandatory for all cases where proposer is above 60 years
➢ Jana Zero tolerance policy guidelines must be adhered
➢ Extra Credit of FD will be allotted post issuance and in month end MIS only
➢ FD must be opened in the name of proposer on same date or after login of this policy of
tenure 365-395 days so that closure proceed of this FD will be used for next year renewal premium payment
Addressing Market White Spaces
BALIC Offers 3 Pay & 4 Pay Annuity Plan with 5 year
Policy Term- a clear WHITE SPACE where Competition
have no offering.
Short
Perfect for Late Only option in
Commitment &
Planners & HNI the Market
Long Term Income
BALIC bridges the gap with quick pay & Lifetime Guaranteed Income.
Short Pay. Smart Play. Only from BALIC
Rahul, age 55, Sr. Manager with PVT firm, will retire at age 58
Rahul
3 Pay Get Guaranteed Income for Lifetime
Age
60
Age
WAIT FOR 2 YRS
55
Deferment Period - 5 years
(includes waiting period) Get Guaranteed Income of ₹2,18,692 p.a. for Lifetime
Pay ₹10
Lakhs p.a.
for 3 yrs ₹30 Lakhs Return of Purchase Price on Death
Annuity Rate LOCK-IN
TOTAL PAY ₹30 Lakhs TOTAL GET ₹95.60 Lakhs* 7.29% TODAY
Illustration is for Male, 55 years, PPT – 3 years, Deferment Period – 5 years, Life Annuity with ROP on death of annuitant, ROP – 100%, *Assuming Death at age 90, Total Get including ROPP
Choose Your Annuity Start Age | Single Life
Illustration is for Male 55 years, Life Annuity with ROP on death of annuitant, ROP – 100%
Guarantee
Deferment
Annual PPT Retirement d Income Annuity
Entry Age Total Pay Period
Premium (in years) Age for Rate
(in years)
Lifetime
5 60 218692 7.29%
6 61 233249 7.77%
7 62 251693 8.39%
55 10 Lakhs 30 Lakhs 3
8 63 271772 9.06%
9 64 293605 9.79%
10 65 329884 11.00%
₹30 Lakhs
(Return of Purchase Price on Death, during Income Period)
Pranav, 56 years old, has just 4 years left to retire and is looking for a short-term
investment.
Pranav
4 Pay Get Guaranteed Yearly Income for Lifetime
Age Age
Age 60 WAIT FOR 61
56 1 YR
Deferment Period 5 years (includes
waiting period) Get Guaranteed Income of ₹5,65,351 p.a. for Lifetime
Pay ₹20 Lakhs
p.a. for 4 yrs
₹80 Lakhs Return of Purchase Price on Death
Annuity Rate LOCK-IN
TOTAL PAY ₹80 Lakhs TOTAL GET ₹2.43 Crores* 7.07% TODAY
Illustration is for Male, 56 years, PPT – 4 years, Deferment Period – 5 years, Life Annuity with ROP on death of annuitant, ROP – 100%, *Assume Death at age 90, Total Get including ROPP
GPG II | Plan Eligibility
Minimum Maximum
Entry Age • SP (Immediate Annuity)80 - 85 years
(applicable for Single & Joint lives both) Single Pay (Immediate / Deferred) 30 years years
35 years • SP (Deferred Annuity) - 84 years (subject to annuity starting at 85 years)
Limited Pay / Regular Pay (Deferred Annuity) 35 years 65 years (For Jana bank channel)
23.5 lakh in GPG
2 Lac & above based on PPT*
Min Premium(Rs.) Immediate / Deferred Minimum
Maximum No Limit
Purchase Price Immediate / Deferred As per prevailing Board approved underwriting policy
Deferred Annuity Single Premium 1 year 30 years
Deferment Period
Deferred Annuity Limited / Regular Premium PPT chosen 30 years
Single Premium (Immediate / Deferred) Single Premium
Premium Paying Term
Regular Pay (Deferred Annuity) 1 year 12 years*
Underwriting
01
No medicals required. Declaration
23.5 lakh in GPG of good health would be
required for Quick Issuance*
1.5 lakh in SWG/FWG
Life certificate: Life Certificate needs to be submitted every year in options
02 with no ROP on death. For options where ROP is available on death, life
certificate can be submitted once in every 3 years
03 Submit your Life certificate online: Customers can submit their
Life certificate via i-serv video calling facility available on Life Assist customer
*Quick issuance as only KYC is required for purchasing the product
ROP: Return of Premium/Purchase price
KYC- Know Your Customer
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