BSLI makes Life Saral'

1
Saral Jeevan

• BSLI makes Life Saral.

2
Saral Jeevan - Key Points

• Death Benefit Sum Assured Fund Value
• Maturity Benefit Fund Value

3
Sale of Saral Jeevan plan?

• 3 Step Saral sales process
• To get INSTANT life insurance coverage we need
  to,
• Complete a simple application form which includes
  illustrations suitable for everyone.
• Agree to 3 heath related statements
• Make payment and submit the required documents

4
Step 1 Filling Of Application Form
5
Step 1 Filling of Application FormPersonal
Details
This Section has to filled when the policy owner
is different from the life insured
6
Step 1- Filling of Application Form - Personal
Details
NRI,should be from the list of approved
countries by BSLI or the policy will go for
normal underwriting
a
Normal underwriting process will be followed if
the life insured belongs to non standard
occupation
a
a
Saral Jeevan cover note should not be issued if
the life insured is a Widow. The policy will go
for normal underwriting .
a
7
Step 1 Filling of Application Form with
Personal Details
PAN no is not compulsory
8
Eligibility Sum Assured

• The Sum assured is offered in COVERS.
• Each cover signifies a Sum Assured (SA) of
  Rs.10,000.
• MAXIMUM COVERS - 100 covers.

9
Step 1 Filling of Application Form with Policy
Details
The prospect can select from EIGHT investment
funds, based on his needs and risk taking
capacity
10
8 Different Funds
NEW fund
Multiplier
11
Step 1 Filling of Application Form with Policy
Details
What is the Annual Premium Amount???
12
2 0
1 1 9 5
Calculate Premium for Male life, age 33 yrs, SA
of 2 lacs term of 15yrs
1 3 9 0 0
1 4 3 8 0
1195
13
Step 2 Agreeing to 3 health related statement
14
Step 2 Agree to 3 health related Statements

• a

a
a
The customer must agree to ALL three Health
Related Statements
15
Step 3 Submit documents and first premium
16
Step 3 Submit Documents and pay First
Premium

• The following three types of documents will be
  required.
• Identification Proof
• Address Proof
• Income Proof

17
Step 3 Submit Documents
18
Cover Note

• If the life insured fulfils all 3 steps, the
  Advisor can issue a Cover Note indicating that
  from that moment onwards the life insured is
  covered under Saral Jeevan.
• Subject to fulfilling all conditions for issue
  of Cover Note

19
Saral Jeevan Selling Points

• Death Benefit Sum Assured Fund Value
• FREE Unlimited Partial Withdrawals, after 3 years
• Option to invest in EIGHT Funds
• FREE Unlimited Switching Premium Redirection
• Maturity Benefit Fund Value
• Tax Benefits under Sec 80C Sec 10(10D).

20
Lets go ahead and make everyone's life Saral

• Best of Luck

21
In case of disagreement,

• In case the life insured disagrees to any of the
  three health statements then the policy can be
  issued only after normal underwriting.
• The following additional information will have to
  be provided by the customer in the same
  Application form.

22
Additional Information
23
The life insurance coverage for such policies
will start only after normal underwriting is
completed.
24
MULTIPLIER FUND

• NEW 100 Equity Fund with predominant investment
  in MID CAP Equities
• 0-20 allocation into Debt Instruments, money
  Market Cash
• 80-100 allocation into Equity Equity related
  Securities
• Appropriate for a person willing to take HIGH
  Risk for HIGH Returns

25
List of countries approved by BSLI
26
Non Standard Occupation