Components of Joining Option Sahara Sampann – Total Cost from Rs. 7500 to Rs.2,00,000 Amount (Including Taxes) |
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Assuming one wants to join with Rs.7500 of Life Insurance policy. There is upper limit of Rs.2,00,000 for the joining or the premium. The PVs would be calculated according to the premium paid. This would enable the IR to start working however he would not be eligible to get the incentive till he completes 1000 PV. |
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In the above example since the PVs are above 1000 for the payable hence the IR would be paid Rs. 1000 and his carry forward PVs would be 1000 which he can use towards his future joining. In case if it could have been below 1000 PV payable then this wouldn’t have been paid. Please refer to the below mentioned example for the better understanding. |
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| Although he is entitled to get Rs 334 however he would not be paid until his pair rate crosses 1000 PV. | |||||||||||||||||||||||||||||||||||||||||||||||||||
POINT VALUE FOR EACH PLAN IS AS UNDER:- |
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* For Existing members we will allow them to take this membership at Rs.5000 which will give them 167 PV. This can also be converted by taking the Grey ID however the Rs. 555 of Grey would not be counted while taking the policy of 5000 (depending on Age). However if there is any fine to be charged as per the clause of recharge the same will be payable by the member. The amount can be increased in multiples of Rs.1000. * The PV assigned for Sahara Sampann Money Back policy is valid till 3rd April’10 post that the PV count may be revised at sole discretion of SSL * All members of any existing plan till 2nd March’10 can also take Rs.5000 plan but only in their own name which has to be exactly the same as current membership. All new joinees in Sahara Sampann have to first take their own ID by investing Rs.7500 and thereafter they may take additional IDs by paying Rs.5000 (depending on Age). This means Tripod can be taken with min. premium of Rs.17500 i.e. One Id on top of Rs.7500 premium and one on each side left and right of Rs.5000 premium (depending on Age) Conditions Apply – New ID has to be a direct entry sponsored by Current ID and name on both IDs has to be identical. This scheme is open only to Individuals. For Firms the minimum investment will remain as Rs.7500. |
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Example on Calculating Incentive |
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Old Scenario – Pairs |
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| In the above example Member A has 2 pairs and will be paid Rs.2000 Incentive – TDS and Administering & Processing Charges. | |||||||||||||||||||||||||||||||||||||||||||||||||||
New Scenario – Point Value System (PV) |
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Example 1 |
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| In the above Example 1 – Member A will get 250 PV for each 7.5k joining, that means he will have 500 PV on left and 500 PV on right which is matching and we will add the two and will be paid Rs.1000 incentive – TDS and Administering & Processing charges. | |||||||||||||||||||||||||||||||||||||||||||||||||||
Example 2 |
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| In the above Example 2 – Member A will get 500 PV for each Rs.15,000 joining and 167 PV for Rs.5000 joining, that means he will have 1000 PV on left and 667 PV on right. Matching is of 667 PV and we will add the two and will be paid Rs.1334 incentive – TDS and Administering & Processing charges. And 333 PV carry forward on Left side. | |||||||||||||||||||||||||||||||||||||||||||||||||||
Example 3 |
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| In the above Example 3 – Member A will get 500 PV for each Rs.15,000 premium joining of Sahara Sampann, 500 PV for Plan B - WI and 167 PV for Rs.5000 premium joining of Sahara Sampann, that means he will have 667 PV on left and 1000 PV on right. Matching is of 667 PV and we will add the two and Member A will be paid Rs.1334 incentive – TDS and Administering & Processing charges. And 333 PV will be carried forward on the right side. | |||||||||||||||||||||||||||||||||||||||||||||||||||