CONTEST SPECIFICATIONS

Transcription

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2 CONTEST SPECIFICATIONS Contest for: Contest Name: Contest Period: Login Period: Issuance Period: Agents & Brokers Majestic Malaysia Oct to Dec st Oct to 31 st Dec st Oct to 15 th Jan 2018

3 CATEGORY A A/B/C CATEGORIES Delhi NCR, Mumbai MMR CATEGORY B Adyar, Ahmedabad, Allahabad, Asansol, Ashok Nagar, Aurangabad, Bangalore 1, Bangalore 2, Bhopal, Bhuvneshwar, Chandigarh, Chennai 1, Chennai 2, Cochin, Coimbatore RS Puram, Coimbatore, Guwahati, Himmat nagar, Howrah, Hyderabad Dilsukh Nagar, Hyderabad 1, Hyderabad 2, Hyderabad 3, Indira Nagar, Indore, Jaipur 1 Jaipur 2, Jaipur 3, Jalandhar, Jamnagar, Jayanagar, Jodhpur, Kanpur, Kolkata 1, Kolkata 2, Kukatpally, Lucknow Indira Nagar, Lucknow, Ludhiana, Manimajra, Meerut, Moje Motera, Mysore, Nagpur, Nasik, Patna, Pimpri, Pune, Raipur, Rajkot, Ranchi, Rewari, Salt lake, Secundrabad 1, Secundrabad 2, Surat, Tambram, Tonk Road, Vadodara, Vasai, Vijayawada CATEGORY C All Others ( Not mentioned in A or B) and the Branches which will be open in FY ( Except the branches opening in same location where already a branch exist ), Gwalior and Jabalpur

4 REWARD SLABS CAT. A CAT. B CAT. C REWARDS ON FRESH NP AMSA Club Credit 15000/ 10000(IVE) 15000/ 10000(IVE) 15000/ 10000(IVE) EXTRA Rs 10,000 : ON EVERY INCREMENTAL 1 LAC ON BUSINESS BETWEEN 9 L 12 L EXTRA Rs 12,000 : ON EVERY INCREMENTAL 1 LAC ON BUSINESS BETWEEN 12 L 15 L EXTRA Rs 15,000 : ON EVERY INCREMENTAL 1 LAC ON BUSINESS ABOVE 15 L ** Not applicable for South Zone Diwali Party for 1** (Login: 1 st Oct 10 th Oct 2017, Issuance till 15 th Oct) / 2 New Year AMHI Branded Diaries Only for South Zone Branded Health Band with Activity Tracker 110% Branded Strolley Bag 110% Fossil Watch worth Rs. 9, % Gms Gold Coin 125% Apple iphone 6 125% Ticket to Malaysia 125% Ticket to Malaysia + Smart android phone worth Rs. 12, % Ticket to Malaysia + Apple iphone 6 125% Ticket to Malaysia 125% Ticket to Malaysia + Apple iphone 6 125% NIL

5 IVE INCENTIVE : NEW BUSINESS NB Premium Slabs Cash Reward Extra credits in High SI IVE Cases High SI Credits 50 L 125% 1 Cr 150% 2 Cr 175% 5 Cr 200% IVE Reward slabs are over and above the main slabs! Multiple SIs : Agent sourcing multiple SIs policies of same customer will fetch him consolidated SIs benefit of qualifying slab. For e.g., Income of Mr. X : 35 Lacs pa Policies offered : 2 Cr SI, 1 Cr SI, 50 Lacs SI Consolidated SI : 3.5 Cr SI Applicable % Credit : 175% as per the qualifying slab available on all the policies

6 RENEWAL REWARDS 1. UPSELL REWARD 2. R-1 REWARD 3. ONLINE INCENTIVE Eligibility: Main contest slabs: Zone A: Rs. 85,000 & above Zone B: Rs. 75,000 & above Zone C: Rs. 70,000 & above 50% of the upsell done will be counted as fresh. Eligibility: Achieve minimum, 80% : PAN India Except South Zone 75% : South Zone Flat Rs. 200 per case on achieving 80% : PAN India Except South Zone 75% : South Zone % achievement Per NOP incentive 32% Rs 20 35% Rs 30 40% Rs 40 For calculation, Q3 renewed online NOP base will be considered. RENEWAL TERMS & CONDITIONS Login Period: 1st Oct 17 to 31st Dec 17. Base of OND will be considered. Issuance Period: Till 15th Jan 18. R1 Incentive is not applicable to advisor having 5 or less policies in contest period. Dengue policies will not be considered in the base for incentive calculation. Policies with less than Rs ( per Policy) will not be considered in R1 Incentive. For Upsell & Online reward IPA policies less than 3500 will not be included. C.A.R coming with Renewal will be counted as Fresh (only C.A.R Premium)

7 GROUP & SME CREDITS VANILLA GROUP SME- OTC FRESH: 100% FRESH: 10% FRESH: 100% RENEWAL: 50% RENEWAL: 5% RENEWAL: 100% 100% CREDIT OF NET PREMIUM FOR CONVERSION OF EMPLOYER-EMPLOYEE POLICY TO GROUP POLICY (with Retail premium)

8 GRID GWP (Lac) NCR MMR EAST (Tier 1) EAST (Tier 2) WEST NORTH CENTRAL SOUTH (Tier 1) SOUTH (Tier 2) EH OR 1L,2L 0% 0% 0% 0% 0% 75% 75% 0% 1L: 0%, 2L: 75% 3 L 0% 50% 0% 0% 100% 75% 75% 75% 75% 5 L 75% 100% 75% 75% 100% 100% 100% 100% 100% 10 L 100% 100% 110% 110% 100% 100% 100% 100% 100% 10 L+ 110% 110% 110% 110% 110% 110% 110% 110% 110% 3 L 75% 100% 75% 75% 100% 100% 100% 100% 100% 5 L 100% 100% 100% 100% 100% 100% 100% 100% 100% 10 L 100% 100% 110% 110% 100% 100% 100% 100% 100% 10 L+ 110% 110% 110% 110% 110% 110% 110% 110% 110% Other Products 100% 100% 100% 100% 100% 100% 100% 100% 100% In West, Nasik will have 50% credit on 3L EH SI not mentioned here will fall in the lower category (e.g. 4 lac EH will fall under 3 Lac EH Category for calculation) Cases issued through Portal/URL link will also be considered as AMPower AMPower Credit for all Zones except East: + 5% AMPower Credit only for East Zone: + 10% AMPower with Online Payment credit: +10% OTHER CREDITS Portability Cases < 5L 75% Portability Cases >= 5L 100% CAR with EH/OR flat 100% * SI where credit is mentioned as 0% in Product Credit table, Portability credit will also be 0.

9 Privileges for Pan India Contest TOPPER (Subject to Minimum Premium of 10 Lacs) Air Travel by Business Class Airport Pickup and Drop in Merc/BMW/Audi Exclusive stay in a Suite.

10 FOR AGENTS CODED 1 st APR 17 ONWARDS Trip to Malaysia at 3.25 Lacs only

11 BRANCH CATEGORY & TIER MAPPING

12 BRANCH CATEGORY & TIER MAPPING * Gwalior and Jabalpur will be in Zone C

13 TERMS & CONDITIONS Contest is Basis Received Premium Only without Taxes. Final result will be rolled out on Final Issuance ( Issuance Cancellation, if any). In case of any dispute Company decision will be Final and binding. No Deviation will be entertained in contest in any condition. All the slabs are based on issuance in the contest period as per mentioned dates of login & issuance. All Cancellation will be negated from the Final Result. Login Period: 1 st Oct 2017 to 31 st Dec 2017 Issuance: 1 st Oct 2017 to 15 th Jan 2018

14 HAPPY SELLING