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RB Life Term Plans FLS Updated

The document provides information about launching a new term life insurance plan called RB Life Plans. Key details include a launch date of February 18th, simple and hassle-free issuance for customers without income proofs, and affordable premiums starting at Rs. 4,600 annually. The plan can be sold by all RenewBuy agents and partners through self-service codes in the Finsure app. Agents will receive business credits and early bird rewards for sales between February 18-21. FAQs address questions about eligibility, premiums, renewals, and contacts for additional support.

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106 views15 pages

RB Life Term Plans FLS Updated

The document provides information about launching a new term life insurance plan called RB Life Plans. Key details include a launch date of February 18th, simple and hassle-free issuance for customers without income proofs, and affordable premiums starting at Rs. 4,600 annually. The plan can be sold by all RenewBuy agents and partners through self-service codes in the Finsure app. Agents will receive business credits and early bird rewards for sales between February 18-21. FAQs address questions about eligibility, premiums, renewals, and contacts for additional support.

Uploaded by

insurance advisor
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Launching

RB Life Plans

Training PPT
Launch date 18th Feb
RenewBuy deta hain problem ka solution. We provide solutions to problems.

Problems Solutions

Most of India has no insurance. Insurance plan for everyone.


India doesn’t have income proofs. No Income Proofs.
Only 5-10% Housewives have any
insurance. & Our Plan can be taken for
housewives.
Getting life insurance is complicated. Simple and Hassle free issuance.
65% of India is young, they need Plan for Youth of India too.
insurance.

Confidential | 2 |
India needs life insurance

Only 15% Insurable population has some insurance

10 Crore –
Buys online self

70 Crores – need
& want to buy

50 Crores
– can not buy

Confidential | 3 |
Confidential | 4 |
Product Details

Specific Details
Entry Age 18 years to 50 years
Exit Age 55 Years
Policy Term 1 year (Renewal till 55 years)
Sum Assured ₹10 Lacs and ₹20 Lacs
Death Benefit Sum Assured
Riders if any None
Premium Mode Annual
Plan Type Pure Term Plan
Insurer HDFC Life Insurance

Premiums
Age Slab SA ₹10 Lacs Premium SA ₹20 Lacs Premium
18 yrs – 30 yrs ₹4600 (incl GST) ₹9100 (Incl GST)
31 yrs – 50 years ₹5000 (incl GST) ₹9900 (Incl GST)
Confidential | 5 |
4 Reasons to say ‘NO’ to Insurance

I want my family to struggle post I am gone.

I have enough in bank accounts to take care


of expenses

I will never die.

I already have insurance more than 20 times


of my annual income.

Confidential | 6 |
Who all can sell this product?

1. Self Code in Finsure – all FLS


2. All POS (Partners)
3. Finsure POS (Non-POS)

What will be the business credit?


1. Motor, Life and Hybrid FLS – On business through POS code
2. All FLS – On business through Finsure advisors (Non-POS)
3. All FLS – On business in Self code (Finsure)

• 100% credit in premium


• 100% credit in NCA for POS and Non-POS – Newly recruited and activated
• 100% credit in activation for POS and Non-POS – Repeat activation
• Business will also be counted for contribution
• Applicable for all KPIs, GS, Incentives, etc.

Confidential | 7 |
How to login the product?

1. Open RB App or RB portal.


2. Go to Finsure
3. Go to RB Life
4. Start the journey

Confidential | 8 |
Pay-outs for Partners

Age Slab SA ₹10 Lacs Pay-out SA ₹20 Lacs Pay-out


18 years – 30 years ₹1000 ₹2000
31 years – 50 years ₹1000 ₹2000

Confidential | 9 |
Launch
Rewards
18-21 Feb

Confidential | 10 |
RB Life Early Bird 18th to 21st Feb

Per NOP Payout Total Payout

Business through POS Business through Finsure Business through POS Business through Finsure
NOP (Applicable for advisor or self code (Applicable for advisor or self code
Life/Motor/Hybrid FLS) (Applicable for all FLS) Life/Motor/Hybrid FLS) (Applicable for all FLS)

2 550 825 1100 1650

3 600 900 1800 2700

5 700 1050 3500 5250

7 800 1200 5600 8400

10 1000 1500 10000 15000


FAQs
Is it expensive? Or how competitive in market? Ans: This is most cost effective plan in India, anyone can
check in market.
Who should buy this Plan? Ans: Everyone between the ages of 18 & 50 should buy. You can start
looking around for house-wife, newly married, first job, MSME owners, Young professionals, Kirana shop
owners and even students!

Can I avail any tax benefits from this plan? Ans- Certainly, you are eligible for income tax benefits as per
the prevailing regulations of Section 80C of the Income Tax Act, 1961. To obtain the benefit, you may
submit your Certificate of Insurance together with your tax returns.

How can I purchase a plan with a longer tenure?


Ans: One option is to contact your advisor or call at 18004197155 to request a quote for a term plan
with longer tenure.

What is the process for buying a plan with a higher sum assured?
Ans : You may request a quote for a term plan with a higher sum assured by contacting your advisor or
calling 18004197155.
Is it possible for me to receive a refund of my premiums?
Ans: The benefits of this plan are solely tied to the event of death, as it is a pure term plan.

Confidential | 12 |
FAQs

Is it possible to surrender my policy?


Ans : No, this policy does not have any surrender value

Would it be possible for me to obtain this policy for a family member?


Ans -Yes, it is possible to purchase this policy for your family member as per the eligibility criteria.

Is it possible for me to renew the policy for the next year?


- Yes, Renewal is available for this policy up to age 55. However, your premium may change.

What is the policy term?


Ans - This policy is term is 1 (one) year, and it can be renewed up to the age of 55 years.

Is the premium same for Smoker and Non-smoker?


Ans – Yes it is same. Its also same for Male and Female members
Can a person suffering from critical disease like Cancer, Long Medication on BP or Diabetes etc. take
this product?
Ans – No

Confidential | 13 |
Contact Person for Product Queries

1. Your Supervisors and Trainers


2. Sandeep Singh ([email protected] ) & Yogendra Kumar
([email protected] )
3. Gaurav Kumar ([email protected] ) , Khushbu Jitani
[email protected]

Confidential | 14 |
Thank you

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