Professional Documents
Culture Documents
Effects of last recession are still raw in the average urban employees minds
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
Are you 24 44 yrs old? Are you a Graduate? Is your status in the current organization Confirmed? Have you been consecutively working since the last 1 yr? Do you work for a Tier 1, 2 or 3 level company? Are you constantly worrying you will lose job? Are you afraid of what will happen to you and your family if you lose your job?
PRODUCT OFFERINGS
Pay a yearly premium If you get laid off - Submit a letter from the HR of the company mentioning the same
For
a period of 12 months or Until you get yourself a new job, whichever is earlier.
75%
of paid out amount to be returned in installments 100% of paid out amount to be returned in installments
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 pay only 1.8 lacs
if you opt for Holiday period and you pay 2.4 lacs
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 Bonus If you dont claim it for 3 years we pay your 4th year premium No collateral
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
FUNDS
Seed funding 10 lacs Expect about 200 customers in the first year Expect 100 to drop and 400 new to onboard to make a total of 500 by the second year Estimated average premium 20K per customer Venture Capital funding
PROMOTION