IPPB Smart Protect Goal (SPG) Term Insurance Plan Details:
What is a IPPB Smart Protect Goal (SPG) Term Insurance plan?
Term insurance is a pure protection life insurance policy. It provides coverage for a defined period in exchange for a specified premium amount. In case of death during the policy period, the insurer provides a guaranteed payout.
How is IPPB Smart Protect Goal (SPG) different from PLI/RPLI?
Option to take back all the Premium paid at the Maturity.
Higher Sum Assured for a lesser Premium.
Coverage can be opted upto 65 years.
Altogether a different type of insurance and not a competition or replacement to PLI/RPLI since the minimum insurance value in SPG is Rs.50Lakhs
Who are Target customers?
Salaried and Self Employed Persons.
Existing customers looking for higher coverage beyond 50Lakhs Sum Assured.
New customers seeking Term Insurance
Is there any handholding for initial selling and after sale service?
M/S Bajaj Allianz have assured deployment of a dedicated team to cater the needs of DoP End Users. Trainer for Bajaj products may be reached at 9880268894 for clarifications.
IPPB Branch Managers will be extending all necessary support in on-boarding of Users and after sale services.
What are the main selling points?
Pay less premium and get high Sum Assured.
Flexibility to opt Limited or Regular Premium Payment term.
Option to choose ROP
Tax Benefit.
Step by Step process to enroll IPPB Smart Protect Goal (SPG) by an DOP End User (GDS, Postman & Postal Assistants):
- IPPB user logs in to MATM application using user ID and password
- Select Insurance tab present on home screen or by clicking on top most button on right
- Search customer through scanning IPPB card QR code/Account No. OR Aadhar No. OR Mobile No.
- Kindly provide your consent by clicking “I confirm”. Post accepting, authenticate the customer using “fingerprint” OR “eye scan” option
- Post customer’s authentication , “Product type” & “Service provider” need to be selected
- For login of new proposal, select “Buy Now” option and select Product from the list and click on “Submit” to proceed
- Enter Customer’s Basic details – Full Name, Gender, Date of Birth, Pin code, Age
- Enter all the details asked for the Policy
- On customer’s agreement with Benefit Illustration, user shall proceed through “Buy Now” option for data entry of proposal form.
- Data Entry should be done for the proposal form using Life Insured’s details.
- Non-editable Product and Bank Account details
- Clicking on “Validate Form”, BALIC rule engine to validate proposal form filled up
- Clicking on “Validate Form”, BALIC rule engine to validate proposal form filled up
- For appointment of medical tests, user would be redirected to TPA’s website
- Click on “Proceed” for redirection back to MATM app for premium payment. Transaction details shall be displayed on screen for confirmation post redirecting to MATM application of IPPB
- Message for confirmation of premium payment to be displayed on screen
- Customer’s journey to complete with this.
