CONTEST SPECIFICATIONS

Agents & BrokersContest for:

Majestic MalaysiaContest Name:

Oct to Dec 2017Contest Period:

1st Oct to 31st Dec 2017Login Period:

1st Oct to 15th Jan 2018Issuance Period:

A/B/C CATEGORIES

CATEGORY A

Delhi NCR , Mumbai MMR

CATEGORY BAdyar, Ahmedabad, Allahabad, Asansol, Ashok Nagar, Aurangabad, Bangalore 1, Bangalore2, Bhopal, Bhuvneshwar, Chandigarh, Chennai 1 , Chennai 2, Cochin, Coimbatore RSPuram, 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, LucknowIndira 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 CAll Others ( Not mentioned in A or B) and the Branches which will be open in FY 2017-18( Except the branches opening in same location where already a branch exist ),Gwalior and Jabalpur

REWARD SLABS

• 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

CAT. A CAT. B CAT. C REWARDS ON FRESH NP AMSA Club Credit15000/

10000(IVE)

15000/

10000(IVE)

15000/

10000(IVE)

Diwali Party for 1** (Login: 1st Oct – 10th Oct 2017, Issuance till 15th Oct) / 2 New

Year AMHI Branded Diaries Only for South Zone NIL

60000 50000 45000 Branded Health Band with Activity Tracker 110%

85000 75000 70000 Branded Strolley Bag 110%

150000 140000 130000 Fossil Watch worth Rs. 9,000 110%

250000 240000 230000 6 Gms Gold Coin 125%

325000 325000 325000 Apple iphone 6 125%

400000 400000 400000 1 Ticket to Malaysia 125%

500000 500000 500000 1 Ticket to Malaysia + Smart android phone worth Rs. 12,000 125%

600000 600000 600000 1 Ticket to Malaysia + Apple iphone 6 125%

750000 750000 750000 2 Ticket to Malaysia 125%

900000 900000 900000 2 Ticket to Malaysia + Apple iphone 6 125%

IVE INCENTIVE : NEW BUSINESSExtra credits in High SI IVE Cases

NB Premium Slabs Cash Reward

20000 800

35000 1575

50000 2750

75000 4875

100000 7500

125000 10000

150000 12750

175000 15750

200000 19000

250000 25000

IVE Reward slabs are over and above the main slabs !

High SI Credits

50 L 125%

1 Cr 150%

2 Cr 175%

5 Cr 200%

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 SIConsolidated SI : 3.5 Cr SIApplicable % Credit : 175% as per the qualifying slab available on all the policies

1. UPSELL REWARD 2. R-1 REWARD

RENEWAL REWARDS

% achievement Per NOP incentive

32% Rs 20

35% Rs 30

40% Rs 40

For calculation, Q3 renewed online NOP base will be considered.

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.

3. ONLINE INCENTIVE

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. 3500 ( 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)

RENEWAL TERMS & CONDITIONS

Eligibility: Achieve minimum,80% : PAN India Except South Zone75% : South Zone

Flat Rs. 200 per case on achieving80% : PAN India Except South Zone75% : South Zone

GROUP & SME CREDITS

VANILLA

FRESH: 100%

RENEWAL: 50%

GROUP

FRESH: 10%

RENEWAL: 5%

SME- OTC

FRESH: 100%

RENEWAL: 100%

100% CREDIT OF NET PREMIUM FOR CONVERSION OF EMPLOYER-EMPLOYEE POLICY TO GROUP POLICY (with Retail premium)

GRIDGWP (Lac) NCR MMR

EAST

(Tier 1)

EAST

(Tier 2)WEST NORTH CENTRAL

SOUTH

(Tier 1)

SOUTH

(Tier 2)

EH

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%

OR

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.

Air Travel by Business Class

Airport Pickup and Drop in Merc/BMW/Audi

Exclusive stay in a Suite.

Privileges for Pan India Contest TOPPER (Subject to Minimum Premium of 10 Lacs)

Trip to Malaysia

at 3.25 Lacs only

FOR AGENTS

CODED 1st

APR’17

ONWARDS

BRANCH CATEGORY & TIER MAPPING

BRANCH CATEGORY & TIER MAPPING

* Gwalior and Jabalpur will be in Zone C

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.

Issuance: 1st Oct 2017 to 15th Jan 2018Login Period: 1st Oct 2017 to 31st Dec 2017

HAPPY SELLING