Points to be discussed : Points to be discussed Mode of Payment Min. and Max. basic Sum Assured Medical Grid Proposal Form filing
Magic Builder Product Spec : Magic Builder Product Spec Mode of Payment - Annual Min age of entry of L2BI - 21yrs Max age of entry of L2BI - 50yrs Min-Max policy Term - 15 – 25yrs Min ATP - 15,000/- Max ATP - 1,00,000/- Min SA - 1,50,000/- Max SA - 20,00,000/- (For Medical SA = SA * 2)
Maximum Basic Sum Assured : Maximum Basic Sum Assured
Medical Grid – For Magic Builder : Medical Grid – For Magic Builder In Amsure Magic builder for Age 31 – 40, SA – 1500001 – 2000000 is Non Med. Age 41 – 50, SA – 500001 – 1000000 is Non Med.
Under Writing Guidelines : Under Writing Guidelines For Medical SA will be count double. If customer is taking a policy for SA Rs.5Lac. Medical SA will be count as 5Lac * 2 = 10Lac.
Proposal Form Filing : Proposal Form Filing
Header…. : For Previous Policy with MNYL question has been added in Proposal Form page no. 1. Header….
Section A Contd…. : Section A Contd…. 1. Current Residential Address of the Proposer with the Pin Code & Phone no. needs to be filled ( Note: Address filled should match with the Proof attached). 2. In case proposer wants to get information via E Mail the question needs to be ticked as “YES” else “NO” 3. Permanent Residential Address with the Pin Code & Phone no. with the STD code has to be filled ( In case Permanent address differs from Current address both proofs needs to be attached). 4. Work Address with the Pin Code needs to be filled. 5. Tick the appropriate box ( Address on which Proposer wants to receive all documents/Communications from MNYL). 6. Appointee’s name & relation with nominee needs to be filled. (Only in case nominee’s age is below 18 years).
Section B…. : Section B…. Top up should be less than 25% of Annual Target Premium. Only Annual Mode is available. SA is a multiple of 10 or 20 times of the ATP.
Section B Contd… : Section B Contd… New 3 funds have been added. a. Dynamic Opportunities, b. Growth Super, c. Money Marked Fund.
Section C… : Section C… Question No.6 is not applicable. Bcz Min. entry age is 21yrs.
Section D…. : Section D…. Tick the appropriate option and if option “YES” is been ticked family member’s relation, age of diagnosis & present state of health of the same member needs to be fill, else mention “NA” Note: In case Proposer & Insured are different, detail of both Person’s family member, height & weight needs to be filled.
Section D Contd… : Section D Contd… Space are available for mentioned the Tobacco / Alcohol / Drugs Consumption details.