Save Guard

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Save Guard
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Objective

• Introduction to AVIVA
• Product Propositions Easy to learn sell
• Process Documentation
• Concept of DGH
• Age Proofs Standard Non Standard

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Our International Presence

• World's oldest Insurance Company, established in
  1696
• Europes No1 Life Pension Company
• 5th largest insurance group globally
• Overall sales of 41.5 billion in the Year 2006
• Over 364 bn assets under management
• Over 40 million customers worldwide serviced by
  59,000 employees in 25 countries

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Our, Indian journey so far ...

• Started operations on 6th June 2002, with Dabur
  as JV Partner
• Pioneered the concept of ULIPs
• Pioneered the concept of Bancassurance
• Leaders in Bancassurance in India more than 35
  Bancassurance tie ups.
• Aviva products are available in 497 towns and
  cities across India.
• Current paid up capital amounts to Rs 758.2
  crore.
• Bancassurance contributed 60 share of the total
  business for yr 2006 

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Solutions not Products
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Presents Aviva SaveGuard
SaveGuard
A simple way to secure your future
A Non-Medical Product on DGH Platform
DGH Declaration of Good Health
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Aviva SaveGuard
0 years
Minimum entry age
Maximum entry age
50 years
Policy term
10, 15, 20, 25 30 years
Same as Policy Term
Premium Payment Term (PPT)
Maximum maturity age
70 years
Min. Rs. 12,000 Max. Rs. 3,60,000
Annual Premium (AP)
0.5 Policy Term AP
Sum Assured
Rs 18,00,000 for 10 and 15 years PPT Rs
1,200,000 for PPT above 15 yrs Rs 10 Lacs for
Minor
Choice of Investment
Index, Growth, Balanced, Enhancer Protector
Partial Withdrawals
Available after 5th Policy Year
Refer to Product Brochure for details
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Unique Attraction

• Loyalty Additions
• During policy term
• On 10th policy year and every subsequent 5th
  policy year preceding maturity year
• 20 / 25 of the first year premium for policies
  with APE Rs 20,000 respectively
• Provided all due premiums are paid
• On maturity
• 110 / 130 of the first year premium for
  policies with APE Rs 20,000
  respectively
• Provided all due premiums are paid

• Systematic Transfer Plan (STP)
• Allowed at any policy anniversary
• Option of a weekly or a monthly STP

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Key Features

• Additional / Top-up allowed
• Min Rs 1,000 Max-25 of Total Recd Premium
• Allocation as per customer specification
• Switching Allowed 4 free switches every year
• Premium Re-direction Allowed On policy
  anniversary

• Death Benefits
• On Death
• Before risk commencement Fund Value wrt
  regular premium first year premium
• After risk commencement Higher of SA or FV
  wrt regular premium Death in first policy year
  50 of SA is paid
• Value of units pertaining to top up premium,
  if any, will also be paid
• On Maturity
• Fund Value wrt regular premium and top up
  premium, if any, is paid
• Opt for Settlement option whereby all or
  part of maturity benefit will be paid as
  structured payouts over a period of 1 to 5 years

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Estimated Maturity Value
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Process Documentation
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Declaration of Good Health

• D.G.H. Declaration of Good Health
• Non-Medical Product Under SaveGuard for age 18
  to 50 yrs
• Customer needs to fill the Declaration of Good
  Health section in the Proposal Form to make the
  Utmost Good Faith effective.

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Age Proofs Standard
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Age Proofs Non Acceptable

• Horoscopes.
• Self Declaration (stamped or unstamped) and
  Affidavit.
• Declaration by Elders of the Family.
• LIC Policy
• Additional Clarifications
• All age proofs must be self attested by the
  customer.
• Age proof is mandatory along with the proposal
  form.

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Identity / Address Proofs

• Standard Identity proof
• Pan Card
• Voters ID Card,
• Passport Copy,
• Driving License
• Bank KYC
• Standard Address Proof
• Telephone Bill,
• Electricity Bill,
• Voters ID Card,
• Bank KYC,
• Ration Card

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Additional Clarifications

• Only the 2 pager proposal form is to be used for
  logging these cases.
• DD / Cheque , in favor of Aviva Life Insurance
  Company India Pvt. Ltd.
• Life assured has to give his Bank savings/current
  account details (in his/her own name)
  irrespective of the sum assured (this could be
  held with any Bank)
• A cancelled cheque with customers signature, in
  the name of Aviva Life Insurance Company India
  Pvt. Ltd. is required
• Or proof of Bank A/C like Attested Bank Statement
  or Passbook copy.
• For Housewives
• Husbands insurance details is a must.
• Sum Assured Equal to husbands insurance or 5
  lacs, whichever is lesser
• Husbands income details must be filled in.
• For Student lives
• Parents insurance details must (both mother and
  father)
• Student life addendum is mandatory - Form
• Details of sibling insurance must be filled in.
• Max. SA equal to parents insurance
• Proposal is like a cheque any change or
  over-writing should counter signed by the customer

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Thank You