A year that will re-define your 5 th Category

A year that will re-define your 5th Category

We have huge excitement in store for you in 2012

ARE YOU READY FOR IT !

What we all have been waiting for…

Brings to you…

A n exciting new product

Traditional, non participating,

Money Back Insurance

Plan

Presenting…

The Virtues of Monthly Income…

Expenses are easier to plan when one knows the monthly income coming in…

Children’s school fee & overhead activity expenses

Monthly household expenses, including EMIs for the house, car, others…

Festival season:Gifts and other expenses

Medical expenses

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

Among all your responsibilities, securing your family’s future tops the chart

96% of Indian working population does not have a formal, mandated provision for pension

Source: http://www.rediff.com/news/2008/jan/09survey.htm

Receive a regular, guaranteed Monthly Income during Retirement!

What would you want…?

A luxurious retired life? Or old age, spent working?

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

Inflation increases your expenses but not your Income!

Food inflation grew by 11.6% from 2008-

09 to 2010-11

Source: http://news.in.msn.com/business/article.aspx?cp-documentid=5248221&page=2

India’s inflation rate amongst the

steepest in the world

Fight inflation better by planning your monthly income well…

In last 12 months alone, the fuel prices have

gone up by almost 25%

Guaranteed returns

Protection of Life

Protection of Financial Goals

Beating inflation

Monthly cash flows that help with expense management

A suitable solution will be one that offers…

And in GMIP, we have all of these…

to give a ‘boost’ to your monthly income!

Guaranteed Monthly Income Plan : Give and Get

GMIP:In which you pay 11 Annual

Premiums

Year 1 - 11 Year 12 - 21

Your GMIP pays you back:Every month, from 12th year onwards. For

10 years i.e. 120 payouts.

GMIP Benefits…Money if one lives –

Living benefits

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

Money if one doesn’t – Death Benefits

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

Refund of all premiums paid, immediately

All future premiums borne by the Company

GMI starts getting paid every month from the policy anniversary following the date of

intimation of death

Living Benefits

GMIP

1:Guaranteed Monthly Income

2: Monthly Income

Boosters

3:Guaranteed Terminal Benefit

• 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

Living Benefits in detail…

Year 1 - 21

Premium Paying Phase – 1-11 yrs Payout phase – 12-21 yrs

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…

Year 2023

Year 2024

Jan - 1st Premium

Year 2012

Year 2013

Year 2014

FIMMDA 5-Year G-Sec Benchmark

RateMonthly Income Booster

Rate

7.5 % to < 8.0 % 46%8.0 % to < 8.5 % 53%8.5 % to < 9.0 % 60%


GMIP: A transparent plan!

Is there any better guarantee than this in Life !

So in 2013, you know the income you will get paid 10 years later, in 2023

• 200% of 1st annual premium is given as the Guaranteed Terminal Benefit with the final monthly payout

3:Guaranteed Terminal Benefit


If the annual premium is Rs. 70000, the final payout will include the GTB of Rs. 1,40,000/-

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

This is how your GMIP works…

GMIP: Living / Survival Benefits

Mr. Singh survives till the end of the payout period

Booster rate will vary depending on the benchmark rate.

Policyholder to pay premiums from year 1-11: Rs. 105120

Year 11Year 1

Year 21Year 12

Guaranteed Monthly Income

Rs. 10000 per month (Rs. 120000 annually)

Monthly Income Booster

Rs. 6000

Rs. 6000

Rs. 6800

Rs. 6000

Rs. 6800

Rs. 6000

Rs. 6000

Rs. 6000

Rs. 6000

Rs. 6000

Rs. 2.1 Lacs as Guaranteed Terminal Benefit

Eg:Year 12 payouts:

o 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:

o 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

GMIP: Death BenefitIn case Mr. Singh dies after paying 5 annual premiums

MNYL refunds the annual premiums paid by the policyholder from year 1-5 (Rs. 5.25 Lacs)

1

Year 21Year 12

Guaranteed Monthly Income continues

Rs. 10000 p.m. (Rs. 120000 annually)

4

Monthly Income Booster

Rs. 6000

Rs. 6000

Rs. 6800

Rs. 6000

Rs. 6800

Rs. 6000

Rs. 6000

Rs. 6000

Rs. 6000

Rs. 6000

5Rs. 2.1 Lacs Guaranteed Terminal Benefit6

GMI is now paid for 16 years,

instead of 10 years

Rs. 105120

2

Rs. 630720

Nominee gets a monthly income of Rs. 10000 from

year 6 - 11

3

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/-

Mr. Singh, age 35, needs Rs. 10,000 monthly income from 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

Alternatively…!

GMIP: Product Features

Parameters Specifications

Entry Age Min: 25 yearsMax: 60 years

Policy Term* 11 years

Monthly Income to begin from Year 12 (Month 133 onwards)

Income Payout Period 10 years (120 monthly payouts)

Minimum guaranteed Monthly Income

Rs. 2000 (In multiples of Rs. 500)

Sum Assured 240 times guaranteed monthly Income

Premium Payment Mode Annual (Only)

Underwriting Multiple 125 times guaranteed monthly Income

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

GMIP: Tax Benefit

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.

“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”

Documents Required

Signed application form, version 2.1

One latest passport size photo, colour

Address Proof

Income Proof

Age Proof

1 Cancelled cheque copy of the customer’s bank account

Goal Finder, signed by the customer

Acknowledgement, signed by the customer

All documents to be self-attested by the customer

The excitement is just building…

And…Get this exclusive Sales Kit absolutely…


Plan

For ABOs only:Submit 1 case of

On 12th Jan, 2012…

Branded Key Chain

Presentation CD

Proposal Forms

Branded PenSales Kit

Sales Tool

Leaflets

Year First Year Premium1st Year

renewal 2nd Year renewal 3rd Year

renewal

GMIP50%50%10%10%

And 5% thereon, every year, till renewals continue

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

Don’t forget to collect your folder!

And…Get this exclusive Sales Kit absolutely…


Plan

For ABOs only:Submit 1 case of

On 12th Jan, 2012…

THE FIFTH CATEGORY