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For:For:
Winebrenner & IigoWinebrenner & Iigo
Insurance Brokers, Inc.Insurance Brokers, Inc.
1919 August 2009August 2009
HOSPITAL INCOMEHOSPITAL INCOME
FAMILY INCOME PLANFAMILY INCOME PLAN
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MB LIFEMB LIFE
What is Hi- Fi?
Hi is Hospital Income and Fi is Family Income
One year term life insurance renewable every year
Covers the Insured of Daily Hospital Income
if confined due to accident or illness
MANILA BANKERS LIFEINSURANCE CORPORATION
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MB LIFEMB LIFE
ELIGIBILITY
PRINCIPAL
- Ages 18 to 64
- All regular, probationary and contractual
employees of the Company
DEPENDENTS
- Ages 1 to 64
- Spouse, Parents, Children, Siblings
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MB LIFEMB LIFE
HOSPITAL INCOME FEATURES
This replaces lost income due to confinement
Gives additional cash benefitto cover hospitalization
expenses during members hospitalization
Supplements PhilHealth coverage and other current
medical benefits
With Cash Fund, in the event of death of the insured
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MB LIFEMB LIFE
COVERAGE &BENEFIT PAYOUT
COVERAGE
Up to 100 days cumulative throughout the
entire policy year
Renewable annually until age 64
BENEFIT PAYOUT
First (1ST) day of confinement, accident or sickness
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MB LIFEMB LIFE
FAMILYINCOME FEATURES
Provides immediate cash benefits to the beneficiary
upon death of the insured
Continuous monthly cash benefit for as long as
24 months
Advance payment of the Cash Fund upon diagnosis
of Terminal Illness, an illness where there is life
expectancy of 12 months or less from the date of
diagnosis
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MB LIFEMB LIFE
SCHEDULE OFBENEFITS AND PREMIUMS:
P L A N S
BENEFITS Hi-Fi Gold Hi-Fi Silver Hi-FiBronze Hi 2000 Hi 1000 Hi 500Daily Hospital Income per day : 2,000 1,000 500 2,000 1,000 500
Maximum Hospital IncomeBenefit (at 100 days)
: 200,000 100,000 50,000 200,000 100,000 50,000
Cash
Fund
:
160,000 80,000 40,000 100,000 50,000 25,000
Monthly CashBenefit : 10,000 10,000 5,000 - - -
No. of Months : 24 12 12 - - -
TotalMonthly CashBenefits
: 240,000 120,000 60,000 - - -
Maximum Benefits : 600,000 300,000 150,000 300,000 150,000 75,000
Annual Premium : Php 3,500.00 Php 2,000.00 Php 1,100.00 Php 2,000.00 Php 1,000.00 Php 600.00
Monthly Premium* : 350.00 200.00 110.00 200.00 100.00 60.00
* Monthly premium is accepted if the minimum total monthly collected premium per group is Php 10,000.
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MB LIFEMB LIFE
PREMIUMFINANCING SCHEME
Assuming 300 employees would availthe Php 350/month plan, or Php3,500 annual premium/head then:
1.) Php 3,500 - Annual Premium 4.) 1,050,000 - Gross Annual Premiumx 300 - Number of employees X 15% - Commission
Php 1,050,000M - Gross Premium 157,500 - Brokers Commission
+ 210,000 - Saved Amount
2.) Php 350 - Monthly Premium Php 367,500 - Broker's Income
X 300 -- Number of employeesNumber of employees
Php 105,000Php 105,000 -- Premium per monthPremium per month
X 12X 12 monthsmonths -- One YearOne Year
Php 1,260,000MPhp 1,260,000M -- Gross PremiumGross Premium
3.) Php 1,260,0003.) Php 1,260,000 -- Gross Premium Derived from Monthly PaymentGross Premium Derived from Monthly Payment
-- Php 1,050,000Php 1,050,000 -- Gross Premium Derived from Annual PaymentGross Premium Derived from Annual Payment
Php 210,000Php 210,000 --Amountto be saved if the premium isin ANNUAL MODE OFAmountto be saved if the premium isin ANNUAL MODE OFPAYMENTPAYMENT
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MB LIFEMB LIFE
HOSPITAL INCOME: PAYMENT OFCLAIMS
Upon discharge from the hospital, submit the followingdocuments for filing of reimbursement: (Original or Certifiedtrue copy)
- Manila Bankers Life Claim Form
- Hospital Statement of Account
PROCESSING:
10 Working Days Release of Claim Check if
complete documents are submitted
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MB LIFEMB LIFE
CASH FUND: PAYMENT OFCLAIMS
Requirements: (ORIGINAL OR SCANNED COPY)
- Employers Notice of Claim
- Immediate Fund AvailmentForm
Note: 1). Decision within 48 hours upon submission ofcomplete requirements, with release of checks forapproved claims.
2). For Terminal Illness, a Certification from attendingPhysician is required.
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MB LIFEMB LIFE
MONTHLYCASH BENEFIT: PAYMENT OF CLAIMS
Requirements: (ORIGINAL OR SCANNED COPY)
1. Certificate of Death2. Employers Notice of Claim
3. Immediate Fund AvailmentForm
Monthly benefits begin a month after date of death,
assuming complete submission of documents. Monthly
payout is scheduled every first day of the month.
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MB LIFEMB LIFE
FamilyIncome Protector(FI)
The AvailmentForm:
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CONTACTUSADDRESS: Manila Bankers Life Insurance Corp.
3/F VGP Center (formerly TMBC Building)
6772 Ayala Avenue, Makati City, Philippines
CONTACT NOS.: 815-1004;810-10-72
Claims Department
Sidney De Sagun 0917-505-81-74
Mario Abarillo 0917-505-81-67
MarketingDepartment
Roel Balignasay 0916-368-28-21
Ian Pastrana 0915-717-07-75
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MB LIFEMB LIFE
THANKYOU!