Purple cow 2012 (life button)
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Transcript of Purple cow 2012 (life button)
2012
12pg
Life
Purple Cow gives you all 3 of today’s major employee benefits in 1 package, designed to provide multiple layers of protection:
Group Life: P50,000 – P1,000,000
Group Accident: P50,000 – P1,000,000
Group Health: P10,000 – P200,000
More VALUE…
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You can get MORE benefits for ALL of your staff
Purple Cow 2012
Value Proposition
1. Paid vacations, 75% 2. Health insurance, 61%3. Paid sick leave, 59%4. Disability insurance, 41%5. Education reimbursement, 39%6. Pension plan, 30%7. Life insurance, 29%8. Dental insurance, 24%
What are the most common EB?
All 4 insurance benefits are offered by Purple Cow
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- Small Business Poll on Compensating Employees (NFIB, US: 2003)
Purple Cow 2012
EB Primer
What makes Insurance ‘sulit?’
• LIFE INSURANCE provides you with instant cash in the event of death or total and permanent disability; (.25% of population between 18-65)
• ACCIDENT INSURANCE provides you with instant cash in the event of accidental death or disablement; (10% of inpatient & outpatient cases)
• HEALTH INSURANCE (medical insurance or HMO) protects you from losing money in the event of sickness or accident. (10% inpatient / 300% outpatient)
Insurance saves you from losing your money
4Purple Cow 2012
EB Primer
3 Major Employee BenefitsLIFE – ACCIDENT – HEALTH
1. LIFE INSURANCE
3a. MEDICAL HMO
3b. Optional DENTAL HMO
3c. Optional APE
3d. WELLNESS PROGRAM
2. ACCIDENT INSURANCE
5Purple Cow 2012
Benefits
Benefit SummaryLIFE – ACCIDENT – HEALTH
1. Life = 5x MBL 13. Access to Big 5 Hospitals & Healthway
2. Terminal Illness = up to 50% of 5x MBL 14. 100% Pre-Existing Conditions coverage
3. Total & Perm. Disability Income = 5x MBL 15. 100% Congenital Conditions coverage
4. Accidental Death = 5x MBL 16. 100% Special Procedures coverage
5. Murder = 5x MBL 17. Benefits on top of Philhealth
6. Accidental Disablement = __% of 5x MBL 18. Pooled Employee utilization
7. Assault = __% of 5x MBL 19. Separate Dependent utilization
8. Medical = HMO buffet of benefits 20. Optional Dental = HMO buffet of benefits
9. Combined inpatient & outpatient limits 21. Optional APE = choice of mobile or clinic
10. Max. Benefit Limits per disability per year 22. Free Wellness Program
11. HMO patient for no-cash-out 23. Same benefits for Dependents
12. Private patient for HMO reimbursement 24. Access through Social Media
6Purple Cow 2012
Benefits
1. Life Insurance (worldwide)ASIANLIFE EXCLUSIONS
1. Life 5x MBL 1. Suicide within the 1st year of coverage
2. Terminal Illness Rider (up to 50%)2.5x MBL
3. Total & Perm Disability Income 5x MBL
+Principals 18yo-65yo; Dependents 30dy-22yo / 18yo-65yo
1. Life benefit = 5x MBL, for death by any cause;
2. TIR benefit = up to 50% of 5x MBL, as an advance on the Life benefit, if terminally ill (< 12mos. to live); 50% balance upon death;
3. TPDI Benefit = 5x MBL, in lieu of the Life benefit, whether sickness or accident.
Example:
If MBL = 20T, Life or TPDI = 100,000; TIR = 50,000;
If MBL = 40T, Life or TPDI = 200,000; TIR = 100,000;
If MBL = 60T, Life or TPDI = 300,000; TIR = 150,000;
If MBL = 80T, Life or TPDI = 400,000; TIR = 200,000;
If MBL = 100T, Life or TPDI = 500,000; TIR = 250,000.
Life benefits are payable on top of Accident & Medical HMO benefits
7Purple Cow 2012
Benefits
3 Major Employee Benefits in 1 Plan: You get Group Life, Accident & Health
(medical HMO, optional dental HMO, optional APE, and Wellness) – all in 1 plan.
(Unlike most HMO plans)
You get all the Employee Benefits you will ever need
8Why Purple Cow?
Purple Cow 2012
Competitive Advantages
Life Insurance: Your Life benefit covers death by any cause,
including suicide after 1 year. For example: Ward 20T = 100T; Semi 40T = 200T.
(Unlike all HMO plans)
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Life = 5x MBL: 1 year’s worth of income replacement
Why Purple Cow?
Purple Cow 2012
Competitive Advantages
Terminal Illness Rider: Your TIR benefit is a 50% advance on your
Life benefit, payable if you have < 12 mos. to live (50% balance payable upon death).
(Unlike all HMO plans)
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TIR = 50% of 5x MBL, in lieu of life, for living expenses
Why Purple Cow?
Purple Cow 2012
Competitive Advantages
Total & Perm. Disability Income: Your TPDI benefit is in lieu of your Life benefit, payable if you are unable to work
at all, due to sickness or accident.
(Unlike all HMO plans)
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TPDI = 5x MBL, in lieu of Life, for living expenses
Why Purple Cow?
Purple Cow 2012
Competitive Advantages
EE Features EE BenefitsA complete Employee Benefits package that can make you financially secure
You get more financial security from Purple Cow than from any other HMO
Life INS, Accident INS, Medical HMO, Optional Dental HMO & Optional APE
You won’t need to get any more insurance benefits for yourself
Nationwide Medical & Dental networks, inclusive of all major hospitals & clinics
You can use any accredited hospital or clinic for medical or dental treatment
Choice of doctor as a Private Patient for insurance reimbursement at HMO rates
You can see your own doctor and get reimbursed the rate of the HMO doctor
100% Pre-Existing, 100% congenital, & 100% Special Procedures coverage
You are covered for existing illnesses, natal conditions, & special procedures
Employee Benefits on top of Philhealth You get full HMO + Philhealth benefits
Access to benefit information through C3 on www.purplecow.ph & Facebook
You can take charge of your own health, and know before you go
1 health card for every employee You can avail anytime, anywhere
12♠ What’s in it for…Employees?
Purple Cow 2012
Summary