mm_layoff - slides v1.0

7/31/2019 MM_Layoff - Slides v1.0

1/14

AXE PROOF INSURANCE


2/14


3/14

WHY LAY-OFF INSURANCE IS NEEDED!

2.6 million job losses in 2008 in USA

1.3 million job losses in 2009-10 in India

Inability to pay back EMIs, continue basic sustenance Loss of self-Esteem

Harassment by loan recovery agents, society

Frequent recessions in the Global Economy leading to

uncertainties about future

Effects of last recession are still raw in the averageurban employees minds


4/14

DO YOU FEEL LIKE THIS EVERY DAY AT WORK?


5/14


6/14

You get Laid Off

You get Paid Off


7/14

PRODUCT OFFERINGS

Choose the correct Product Offering for you

Fixed Premium based

Percentage of Salary based

Pay a yearly premium

If you get laid off - Submit a letter from the

HR of the company mentioning the same


8/14

WHAT WILL WE DO THEN?

Do a situational verification within 10 days.

Will pay you the agreed amount

For a period of 12 months or

Until you get yourself a new job, whichever is

earlier.


9/14

WHAT DO YOU NEED TO DO IN RETURN?

Enjoy a 1 year Holiday period after securing

job/completion of 12 month payment period

Re-continue premium payments thereafter

Depending on selected policy

75% of paid out amount to be returned in

installments

100% of paid out amount to be returned in

installments


10/14

NUMBER GAME

Personal loan rates range from 18% to 24%. 20K paid monthly for 12 months at 18% p.a. will cost

you 2.61 lacs

With one year Holiday period, the amount comes to

3.1 lacs You pay only 75% of the money back

if you do not opt for Holiday period of 1 year so you payonly 1.8 lacs

You pay complete 100% of the money back if you opt for Holiday period and you pay 2.4 lacs

Cover starts after 6 months of paying the premium


11/14

PLAN 1

Monthly salary up to 50K Premium 10K to 50K per year. Can not exceed

80% of monthly income

You get paid up to 80% of your premium per

month

No money back

Loyalty BonusIf you dont claim it for 3 years

we pay your 4th year premium No collateral


12/14

PLAN 2

Monthly salary from 50K to 2 lacs Premium from 20 K to 1 lac per year. Can not

exceed 60% of monthly income

You get paid up to 80% of your premium per

month

Loyalty Bonus

Option available to increase/decrease premium

No collateral


13/14

FUNDS

Seed funding 10 lacs Expect about 200 customers in the first

year

Expect 100 to drop and 400 new toonboard to make a total of 500 by the

second year

Estimated average premium 20K percustomer

Venture Capital funding


14/14

PROMOTION

mm_layoff - slides v1.0

Documents