Thursday, July 31, 2008

INTRODUCTION

Bajaj Allianz Life Insurance Company Limited is a joint venture betweentwo leading conglomerates Bajaj Auto Limited and Allianz AG company.Whose total asset value is of Rs.59,00,000 Cr.Bajaj whose wealth as of now is Rs.8000 Cr. Group in India. 55 Years of experience. 4th Largest group in the world. Above 15,000 employees. Largest 2 & 3 wheeler manufacturer in India.Allianz established in 1890, who has 115 years of experience in financial sector. Allianz whose wealth as of now is Rs.58,92,000 Cr. Asset. Worldwide No.1 by gross written premium.A household company in German.COMPANY VISION AND MISSION India has 102 Cr. population. But only 16 Cr. people are insured till now.Still 86 Cr. people are yet to get insured. Also in broader perspective, company wants to make every person get benefited through investing in Bajaj-Allianz Life Insurance.This is how the money's inflation rate is getting increased. Having the above thoughts in mind, Bajaj-Allianz started this joint-venture to make people benefited using their Unit Linked Insurance Plan (ULIP). Company's Vision is as follows. To be the first choice insurer for Customers To be the preferred employer for staff in the insurance industry To be the number one insurer for creating shareholder value.
TLC Insurance India Pvt.
Ltd.Team Life Care Insurance India Pvt. Ltd is a partner company of Bajaj Allianz. Company is acting as a mediator between Bajaj Allianz and Agents of Bajaj Allianz.
1)TLC is the No One Channel Partner of Bajaj Allianz among :
a. Standard Chartered Bank.
b. Syndicate Bank
c. Placement Sales and Services Ltd.
d. GE Money
2) TLC is the First ISO Certified Pvt Company which is now promoted as PRIORITY Partner.
3) TLC has settled more than 1000 of families through its tremendous business plans and strategies.
4) TLC is registered under Companies Act 1956.
5) MOTO of TLC is to provide
a. Savings
b. Security
c. Additional Incomed. Jobe. Money to Govt
Products:
NEW FAMILY GAIN (NFG) Policy/UNIT GAIN PLUS GOLD Policy
1) Invest yearly premium for Rs.5000/halfyr,Rs.10,000/yr, Rs.12,000/yr..by taking Demand draft in favor of Bajaj Allianz Life Insurance Co. Ltd payable at Bangalore .
2) Invest Rs.500 for first year only along with first premium amount by taking Demand draft in favor of TLC Insurance India Pvt. Ltd payable at Bangalore or Salem.
3) Maximum Premium - No Limit
4) Minimum Payable - 3 Years
5) Age of Entry - 0 to 50 Years
6) Coverage - Up to 70 Years (Minimum fund value to be maintained above 150% of Annual premium)
7) Funds Available (Liquid Fund, Bond Fund, Equity Growth Fund, Equity Index Fund II, Accelerated Mid Cap Fund)
Benefits:
1) Life Insurance for your life time
2) Growth of returns based on your inflation rate
3) Tax Savings under IT Section(80C or 80D or 10(10)D)
Documents Required:
1) Proposal Form
2) Clear Age Proof copy (PAN Card or Driving License copy)
3) Photo Id proof (PAN Card or Driving License copy)
4) Photo's of the proposer (4 Passport Size photo's)
5) Address proof (Driving License or Passport or Ration Card copy)
6) Demand Draft's
7) IT Return copies for premium Rs.1,00,000 and above
Outlook:
According to sources, in India only 2.5% of population are insured and 97.5% of population have not insured and about Rs.15,000/- crores insurance premium are untapped.
Gateway to TLC Co-ordinator:
Take Policy of Rs.5000/- for half-yearly premium Along with Rs.500/- towards Business Sales Kit, E-commerce, Handling charges. DD favouring M/s TLC Insurance (India) Pvt. Ltd., payable at Salem or Bangalore.
Who is a TLC Co-ordinator:
A TLC co-ordinator is responsible for sourcing and generating leads for and on behalf of TLC, thus getting entitled for incentives and start earning!(example for Rs.5000/- premium policy)
I. Referral Incentive:
1st Premium Sponsor a pair and Tail and get Rs.600 for each pair Maximum payout is Rs.50,000/- for 15 days.
II. Marshal Incentive -I:
2nd Premium for renewal of every pair you get Rs.250 for each pair Maximum payout is Rs.25,000/- for 15 days.
III. Marshal Incentive -II:
3rd Premium for renewal of every pair you get Rs.250 for each pair Maximum payout is Rs.25,000/- for 15 days.
IV. Life Incentive:
4th Premium onwards for renewal of every pair you get Rs.100 for each pair Maximum payout is Rs.12,500/- for 15 days.
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Ratio = 1 : 1 (One pair means two policies).Payment in every 15 days covering the period from 1-15 and 16 to 31.
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ANDAMMAN TOUR:
Eligibility.
1. 100 Pairs in their respective down line at any level.
2. No Time Limit to achieve this post.
3. 6 days 5 nights tour to Andamaan.
CAR ACHIEVER:
Eligibility.
1. On making 350 Pairs in their respective down line at any level.
2. No Time Limit to achieve this post.
3. Advance against the down payment for Car Rs.75,000/- will be paid.
4. By the time this coordinator have drawn a sum of Rs.2,10,000/- (350 Pair Policies X Rs.600/- per pair).
5. Can buy any make of Car of Rs.15 Lakhs worth of their own choice.
6. Maximum of Rs.21,000/- per month for 72 months as Car Fund**
7. After getting the Car that co-ordinator should achieve 84 pairs (168 polices) per month by the help of their whole team of 700 coordinators (i.e, 350 pairs).
8. The Car Fund will be calculated as 168 X 5000 = Rs.8,40,000/- and 2.5% of this Rs.8,40,000/- that is Rs.21,000/- will be paid as Car Fund. If the coordinator achieves less than 168 policies, then the Car Fund will be calculated & paid accordingly.
9. Only Two Car will be provided per family.
PENSION ACHIEVER :
Eligibility.
1. Two Car Achievers in their respective down line at any level.
2. No Time Limit to achieve this post.
3. One lakh will be deposited by TLC with Bajaj Allianz Pension Plan in your name for getting the pension as per the Pension Plan’s policies in force.
4. Pension will start at the age of 60 years.
DIRECTOR ACHIEVERPLATINUM CO-ORDINATOR :
Eligibility.
1. Two Pension Achievers in their respective down line at any level.
2. No Time Limit to achieve this post.
3. 10% share from total profit of the Company.
4. Will be paid for the full Generation as a Royalty.
5. Can say approximately Rs.5 – 6 Lakhs per month.
For beneficiary of people, considering the inflation rate, Government of India, came up with a concept called Unit Linked Insurance Plan. Insurance companies will invest in the other companies equity funds for the policy holder's insured amount. The profitable revenue will be shared with the policy holder's. Advantage in this scheme is that, person has to invest for first 3 Years for which he is getting benefited for a life-insurance through out his life time.
Bajaj Allianz and TLC has come up with a beneficiary scheme for each policy holder. When you pay Rs.500 to TLC along with a Policy you insure under Bajaj, you are becoming an active member of TLC group as well. By becoming a member, you are also eligible for making policy holder under you. If at all you are not making any policy holder still, Bajaj and TLC will pay you a cheque on monthly basis for whatever policy holder your Agent makes under him.
Bajaj Allianz purchases Units for your 80% of your premium amount. Remaining 20% will be invested in Infrastructure Bond fund. By making 80% of your investment under Equity Gain Fund you are getting maximum returns for your investment in your Fund value.
Your money is invested under top 20 different sector companies. Companies whichever is available in market with high profit rate under which company purchases the Units for your policy (policies). Few of the sectors are as follows.a) IT sectorsb) Public sectors like Reliance etcc) Many other sectors.So even any one of the sector is going to be down, other sector will give you good returns.
When you invest under Bajaj Allianz, based on the returns you get for every year, company will maintain an account under which the amount for your policy gets credited. Company also provides opportunity to take that money in terms of 1000's as and when needed (But minimum of 150% of your first year premium amount should be available in account).
6) Why 150% of first premium amount should be kept in the account?
In bank always you will be requested to keep a minimum amount of Rs.500 or Rs.1000 to keep your account active. Similarly here to maintain your Units of your policy you should have minimum of 150% of your first premium amount. It mean that, from your 2nd year of premium investment, keeping the minimum balance, you can take the rest of the money (if needed).
7) How my Fund value grows?
For every year's return from the Unit's invested, amount gets credited to your Fund value account. A compound interest calculation happens to the existing amount in your Fund Value account. Based on that Compounded interest calculation, your Fund value grows on yearly basis.
Three types of Incentives are there.
1) Direct IncentiveWhen, you start making policy holders under you, you will be getting incentives from TLC forthe points you make.
2) Indirect IncentiveWhen, your agent makes policy under him, for that as well, you will be eligible for receivingthat incentive. If you need to receive that incentive, then you should be a member or part ofTLC team. That is the reason, you were requested to take a Demand Draft of Rs.500 (ReferFAQ Question no.2 ).
Company will not force you to make policy holders under you. But if you are in need of money, and you have confidence that you can make policy holders under you, you can do the same and get benefited as specified above.
Why shouldn't I give Cash?Company will not accept Cash. Also if you give in terms of Cash, there is a possibility to misuse your hard earned money. So company will accept only Demand draft under favor of
1) Bajaj Allianz Life Insurance Co. Ltd payable at Bangalore .
2) TLC Insurance India Pvt. Ltd payable at Bangalore or Salem.
Any insurance company to start their business, they have to register under IRDA. Based on IRDA approval only they can start their insurance business. In this way, Both Bajaj Allianz and TLC Insurance India Pvt. Ltd are registered companies under IRDA
IRDA is an independent authority like RBI. RBI is specially meant for Banking Sector. Similarly IRDA is meant for Insurance Sector by Government of India.
Policy Form which is supposed to be filled by the proposer (person who is going to insure) is called as Proposal Form
Company which was established at year 2000, has become No.1 Insurance Company by 2006. In very short span of time, it was able to achieve this level, due to the good returns provided by them. As the returns were high with good benefits for the customer, company was able to make more customers in very short span of time. You can refer 'Outlook Money 2006' article, under which, Bajaj Allianz ULIP policy will be the No.1 in the market to provide good returns with good benefits to the customer.
Those who wants to fulfill their dream are most welcome to achieve their GOAL by putting their dedicated hard work as a team together.
Please visit www.tlcnet.in
Regards and WELCOME TO TLC FAMILY.
K.SURESH
TLC No: 2774766
Ph:9392498284
HYDERABAD.