TRAD SISO CONTEST

DECEMBER DHAMAKA

SISO CONTEST
Applicable for IC, POS-P & RP Self code

Contests for
All Insurance Consultant / POS-P / RP Self Code
 Product Credits – December Dhamaka Prizes

Business Credit for

Product Type Product Specification
Dec'23
10 & Above PPT 300%
PAR ACE, FIG, Income Assure, Elite Assure, LLA
Below 10 PPT 200%
50K & Above 300%
POS Goal Suraksha
Below 50K 150%
Non PAR
10 & Above PPT 200%
AWG & GIG
Below 10 PPT 100%
PPT 10 300%
GPG RP (with ROP & without ROP)
Below 10 PPT 200%
GPG SP (with ROP & without ROP) 20L & Above Deferred Annuity 30%
GPG
GPG SP (with ROP & without ROP) Below 20L Deferred Annuity 15%
GPG SP (with ROP & without ROP) 20L & Above Immediate Annuity 15%
GPG SP (with ROP & without ROP) Below 20L Immediate Annuity 10%
Applicable for IC, POS-P & RP Self code

Diabetic Term Plan Any PPT 500%

Term With ROP 400%
Other Term Plans
Without ROP 300%
Other Trad Any PPT 100%
GPG, where premium paid from NPS proceeds Any PPT 0%
Saral Pension where premium paid from NPS proceeds Any PPT 0%
ULIP RP (Other than SISO Policies) & 10 & Above PPT 100%
Invest Protect Goal Below 10 PPT 0%
ULIP
Goal Assure & Trad SP SP 10%
ULIP SP & Top UP SP & Top UP 0%
Product Credits of SISO Policy is not mentioned here as there is a separate contest for SISO.
 December Dhamaka Prizes – Non Club Member

Login : 1st Dec 23 to 22nd Dec 23 | Issuance : 10th Jan 24

Rated NB
Slab Prize
(Including Credit)

Slab 1 50,000 Xoxoday Voucher – Rs 200

Slab 2 1,00,000 Xoxoday Voucher – Rs 300
Slab 3 2,00,000 Xoxoday Voucher – Rs 600
Applicable for IC, POS-P & RP Self code

• December Dhamaka Prizes – Non Club IC contest is applicable to Non Club ICs only
• In case IC upgrades to Club then IC will get highest achieved prize in December Dhamaka Prizes –
Club IC, December Dhamaka Prizes – Non Club IC
• Prizes will be deducted from ACC
• SISO Policies will not be considered
 December Dhamaka Prizes – Club Member

Login : 1st Dec 23 to 2nd Jan 24 | Issuance : 10th Jan 24

Prizes (INR) Applicable for

Rated NB
Slab Diamond, Platinum &
(Including Credit) Promising, Silver & Gold
Titanium
Slab 1 1,50,000 500 1,000
Slab 2 3,00,000 1,000 2,000
Slab 3 5,00,000 2,500 5,000
Slab 4 8,00,000 4,000 8,000
Slab 5 12,00,000 6,000 12,000
Applicable for IC, POS-P & RP Self code

Slab 6 16,00,000 10,000 20,000

Slab 7 20,00,000 12,500 25,000
Slab 8 25,00,000 25,000 50,000

• SISO policies are not considered in December Dhamaka Contest Dec 23 as there is a separate contest for
SISO
• For Monthly Contest, Club status at the end of the month will be considered.
 December Dhamaka Prizes – Club Member

Login : 1st Dec 23 to 2nd Jan 24 | Issuance : 10th Jan 24

Important Points:
• SISO policies are not considered in December Dhamaka Contest
• For ACE product actual realized premium will be considered i.e. premium derived after discount
• Product credits are applicable for December Dhamaka Contest – Club IC & December Dhamaka Contest – Non
Club IC
• IC will get highest achieved prize in December Dhamaka Prizes – Club IC, December Dhamaka Prizes – Non Club IC
Applicable for IC, POS-P & RP Self code

• For December Dhamaka Contest, Club status at the end of the contest month will be considered
• Prizes are deducted from Annual Contest correction
• Policies sourced under NPS category will not be considered
 December Dhamaka Contests – Terms & Conditions

• Minimum Persistency requirements | 13th Month – 88% | 25th Month – 78%.

• For 13th month Persistency – policies sourced between 1st Apr’22 to 30th Nov’22, Renewed till 31st Jan’24.
• For 25th month Persistency – policies sourced between 1st Apr’21 to 30th Nov’21, Renewed till 31st Jan’24.
• Zero Non accidental early death claims (24 Rolling Month) (Max threshold is 0.2% of NOP sold in last 24 Months).
• Misselling complaints - Zero proven complaints (12 Rolling Month) | Predeceased complaints - Zero proven complaints (12 Rolling
Month).
• For ACE Actual realized premium will be considered i.e. premium derived after discount.
• Policies sourced under NPS category will not be considered.
• For ‘December Dhamaka’ contest, the club membership status as on 2nd Jan 24 will be considered.
• Professional Club ICs (tagging upto 2nd Jan 24) will be considered for higher club prizes.
• Prizes earned in ‘December Dhamaka’ contest, SISO Contests will be subtracted from Annual Contest Correction FY 23-24.
• Xoxoday vouchers will be given in lieu of gift articles.
• This contest is also applicable to ARP & POSP (only POS specific products).
Applicable for IC, POS-P & RP Self code

• Premium net off all applicable taxes will be considered for calculations of Rated NB and Counter Premium (Cheque Value)
• Only standard policies will be counted in the competition.
• FYLP will not be considered.
• SISO policies will not be considered in ‘December Dhamaka’ contests for Non Club IC & Club IC and Future MDRT – Goa, contest
There is separate contest for SISO.
• All applicable taxes will be deducted from the gross benefit or equivalent benefit value, while making the disbursements.
• Cheque dishonor, Freelook cancellations or any other reversal cases will not be considered.
• Premium from the surrender re-login of - 3 /+1 months, will be excluded for the purpose of this contest.
• All other Bajaj Allianz Life standard terms and conditions including quality parameters will be applicable.
• Management reserves the right to modify/alter any conditions/benefits either in full or part at any point of time.
Applicable for IC, POS-P & RP Self code

SISO Contest – Dec 23 :

• NOL Payments AND Bullet Payments
• Login: 1st Dec 2023 to 2nd Jan 2024
• Issuance: 10th Jan 2024
 SISO Contest – Dec 23

3 Stage Benefits – NoL Based Payments

01 02 03
NOL Bullet Bullet
Benefit Payment 1 Payment 2

Prize amount Payment on Payment on

is paid 3 times total premium total premium
IC gets NOL adjusted in adjusted in
benefits for 3 first 6 months first 12
months (M1, i.e. at the end months i.e. at
Applicable for IC, POS-P & RP Self code

M3, M9) of Jun’24 the end of

Dec’24

• Minimum monthly premium for products ULIP SISO,, FIG SISO & AWG SISO is 5000/-
• Minimum monthly premium for product GPG is 6000/-
• Minimum monthly premium for product ACE SISO is 4,900/-
• SISO Policies of Magnum Fortune Plus will not be considered
 SISO Contest – Dec 23 – NoL Benefits

NOL Benefits – Traditional SISO & ULIP SISO

Prize Amount (INR)
NoL
Dec’23 Feb’24 Aug’24
2 400 400 400
3 800 800 800
4 1,200 1,200 1,200
5 1,500 1,500 1,500
7 2,800 2,800 2,800
10 5,000 5,000 5,000
Applicable for IC, POS-P & RP Self code

Rs. 1500/- on each NOL from 11th NOL onwards (in 3 tranches of Rs. 500/-)
• Splitting of policies is not allowed.
• For NOL Benefit Calculation ULIP SISO + Traditional SISO policies will be considered.
• Policies counted in SISO will not be counted in Monthly contest.
• SISO Policies of Magnum Fortune Plus will not be considered.
• Persistency criteria as applicable as per respective month’s contest i.e. Dec’23, Feb’24
& Aug’24.
 SISO Contest – Dec 23 – Bullet Payment

Bullet Payment 1 - All SISO Policies

Total Received Premium (Cheque Prize Amount

Value) 30th Jun 24 (INR)

50,000 500
1,00,000 1,000
2,00,000 2,500
4,00,000 6,000
7,50,000 12,750
10,00,000 20,000
Applicable for IC, POS-P & RP Self code

20,00,000 50,000
50,00,000 1,50,000

• Only active policies (no lapsed) will be considered for this benefit
• SISO Policies of Magnum Fortune Plus will not be considered
• Persistency criteria : Bullet Payment 1 - as per Jun’24 contest | Bullet Payment 2 - as per Dec’24 contest
• Bullet Payment 1 will be subtracted from Bullet Payment 2
 SISO Contest – Dec 23 – Bullet Payment

Bullet Payment 2 - All SISO Policies

Total Received Premium (Cheque Prize Amount

Value) 31st Dec 24 (INR)

1,00,000 1,250
2,00,000 2,600
4,00,000 6,500
8,00,000 14,000
15,00,000 30,000
20,00,000 51,000
Applicable for IC, POS-P & RP Self code

40,00,000 1,10,000
1,00,00,000 3,25,000

• Only active policies (no lapsed) will be considered for this benefit
• SISO Policies of Magnum Fortune Plus will not be considered
• Persistency criteria : Bullet Payment 1 - as per Jun’24 contest | Bullet Payment 2 - as per Dec’24 contest
• Bullet Payment 1 will be subtracted from Bullet Payment 2
 SISO Contest – Dec 23 – Terms & Conditions

• Splitting of policies is not allowed.

• Policies with E-mandate will only be counted. Non E-mandate policies will get zero credit.
• Policies counted in SISO will not be counted in Monthly contest.
• Only active policies (no lapsed) will be considered for NOL benefit and Bullet Payment.
• For ACE Actual realized premium will be considered i.e. premium derived after discount.
• Persistency criteria :
• NOL Benefit: as per Dec’23 Monthly Contest.
• Bullet Payment 1: as per Jun’24 Monthly Contest.
• Bullet Payment 2 : as per Dec’24 Monthly Contest.
Applicable for IC, POS-P & RP Self code

• Prizes earned in SISO contest will be subtracted from Annual Contest Correction.
• Cheque dishonor, Freelook cancellations or any other reversal cases will not be considered.
• Premium from the surrender re-login of - 3 /+1 months, will be excluded for the purpose of this contest.
• All other Bajaj Allianz Life standard terms and conditions including quality parameters will be applicable.
• Management reserves the right to modify/alter any conditions/benefits either in full or part at any point of time.
Applicable for IC, POS-P & RP Self code

Traditional SISO Bonanza:

• Contest on Traditional SISO
• Login: 1st Dec 2023 to 2nd Jan 2024
• Issuance: 10th Jan 2024
 Traditional SISO Bonanza

Login: 1st Dec 23 to 2nd Jan 24 | Issuance – 10th Jan 24

Traditional SISO Prize (INR) Prize (INR) Prize (INR)

NoL (Login till 12 Dec 23) (Login till 20 Dec 23) (Login till 2 Jan 24)

2 4,000 3,000 1,000

4 10,000 7,500 5,000

6 18,000 12,000 9,000

Applicable for IC, POS-P & RP Self code

10 50,000 35,000 25,000

TRAD SISO : ACE SISO, FIG SISO, GPG SISO, AWG SISO

December Dhamaka Traditional SISO Bonanza is Over & Above SISO NOL Payment & Bullet payment Contest
 Traditional SISO Bonanza

Login: 1st Dec 23 to 2nd Jan 24 | Issuance – 10th Jan 24

Terms & Conditions

• Persistency criteria as per May’24 Monthly Contest | Result will be declared on 31st Aug’24
• Minimum monthly premium for products FIG SISO & AWG SISO is 5000/-
• Minimum monthly premium for product GPG is 6000/- | Minimum monthly premium for product ACE SISO is 4,900/-
• Splitting of policies is not allowed.
• Policies with E-mandate will only be counted. Non E-mandate policies will get zero credit
• Policies counted in SISO will not be counted in Monthly contest
•
Applicable for IC, POS-P & RP Self code

Only active policies (no lapsed) will be considered for final Calculation
• For ACE Actual realized premium will be considered i.e. premium derived after discount.
• Prizes earned in SISO contest will be subtracted from Annual Contest Correction FY’24
• Cheque dishonor, Freelook cancellations or any other reversal cases will not be considered
• Premium from the surrender re-login of - 3 /+1 months, will be excluded for the purpose of this contest
• All other Bajaj Allianz Life standard terms and conditions including quality parameters will be applicable
• Management reserves the right to modify/alter any conditions/benefits either in full or part at any point of time
Applicable for IC, POS-P & RP Self code

SUPER 30 Contest – MFP SISO:

• Contest on MFP SISO
• Login: 1st Dec 2023 to 2nd Jan 2024
• Issuance: 10th Jan 2024
 Super 30 Contest – MFP SISO

Login: 1st Dec 23 to 2nd Jan 24 | Issuance – 10th Jan 24

NOL Payments Yearly Payments

(within 1st year) (for 5 years)

• NOL Payment 1 - Dec’23 • Year 1 Payment - Dec’24

• NOL Payment 2 - Feb’24 • Year 2 Payment - Dec’25
• NOL Payment 3 - Aug’24 • Year 3 Payment - Dec’26
Applicable for IC, POS-P & RP Self code

• Year 4 Payment - Dec’27

• Year 5 Payment - Dec’28

IC will get benefits from both NoL Payments & Yearly Payments on Magnum Fortune Plus
 Super 30 Contest – MFP SISO

NOL Payments

MFP SISO NOL count Prize Amount (INR)

in contest period Dec’23 Feb’24 Aug’24
2 400 400 400
3 800 800 800
4 1,200 1,200 1,200
5 1,500 1,500 1,500
7 2,800 2,800 2,800
10 5,000 5,000 5,000
Applicable for IC, POS-P & RP Self code

15 7,500 7,500 7,500

20 10,000 10,000 10,000
30 20,000 20,000 20,000

Rs. 2,000/- on each NOL from 31st NOL onwards (in 3 tranches)
 Super 30 Contest – MFP SISO

Yearly Payments (for 5 Years)

Year 3 Year 4 Year 5

Year 1 Year 2

0.3% 0.6% 0.9% 1.2% 1.5%

Applicable for IC, POS-P & RP Self code

Contest Prize Rate (on the 1st year annualized premium)

 Super 30 Contest – MFP SISO

Payment Schedule

Yearly Payment
(on the 1st year Annualised Payment Cycle
premium in Year 1)

Year 1 Dec 2024

Year 2 Dec 2025
Year 3 Dec 2026
Year 4 Dec 2027
Applicable for IC, POS-P & RP Self code

Year 5 Dec 2028

 Super 30 Contest – MFP SISO – Terms & Conditions

• Splitting of policies is not allowed

• Policies with E-mandate will only be counted. Non E-mandate policies will get zero credit
• Policies counted in Magnum Fortune Plus –Super 30 contest will not be counted in Monthly contest or any other SISO contest
• Only active policies (no lapsed) will be considered for NOL benefit and Bullet Payment
• Contest prize is accrued and paid only if IC is Active at the time of payment
• Minimum Persistency requirements | 13th Month – 88% | 25th Month – 78%
• For 13th month Persistency – policies sourced between 1st Apr’22 to 30th Nov’22, Renewed till 31st Jan’24
• For 25th month Persistency – policies sourced between 1st Apr’21 to 30th Nov’21, Renewed till 31st Jan’24
• The yearly payments are deducted from Annual Contest Correction or other equivalent scheme for the respective year
Applicable for IC, POS-P & RP Self code

• Contest is applicable for IC, ASO self code, RP self code & ASIM
• Persistency benchmark declared periodically for IC contest. The persistency norm as applicable for respective month’s IC
contest remains applicable for the NOL payment & Yearly Payments.
• Cheque dishonor, Freelook cancellations or any other reversal cases will not be considered
• Premium from the surrender re-login of - 3 /+1 months, will be excluded for the purpose of this contest
• All other Bajaj Allianz Life standard terms and conditions including quality parameters will be applicable
• Management reserves the right to modify/alter any conditions/benefits either in full or part at any point of time