Your SlideShare is downloading. ×
0
Purple cow 2012 (life button)
Purple cow 2012 (life button)
Purple cow 2012 (life button)
Purple cow 2012 (life button)
Purple cow 2012 (life button)
Purple cow 2012 (life button)
Purple cow 2012 (life button)
Purple cow 2012 (life button)
Purple cow 2012 (life button)
Purple cow 2012 (life button)
Purple cow 2012 (life button)
Purple cow 2012 (life button)
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Purple cow 2012 (life button)

136

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
136
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. It's more FUN in Purple Cow! 2012 12pg Life
  • 2. <ul><li>Purple Cow gives you all 3 of today’s major employee benefits in 1 package, designed to provide multiple layers of protection: </li></ul><ul><ul><li>Group Life: P50,000 – P1,000,000 </li></ul></ul><ul><ul><li>Group Accident: P50,000 – P1,000,000 </li></ul></ul><ul><ul><li>Group Health: P10,000 – P200,000 </li></ul></ul>More VALUE… 1 You can get MORE benefits for ALL of your staff Purple Cow 2012 Value Proposition
  • 3. <ul><ul><ul><ul><ul><li>Paid vacations, 75% </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Health insurance, 61% </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Paid sick leave, 59% </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Disability insurance, 41% </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Education reimbursement, 39% </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Pension plan, 30% </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Life insurance, 29% </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Dental insurance, 24% </li></ul></ul></ul></ul></ul>What are the most common EB ? All 4 insurance benefits are offered by Purple Cow 3 - Small Business Poll on Compensating Employees (NFIB, US: 2003) Purple Cow 2012 EB Primer
  • 4. What makes Insurance ‘sulit?’ <ul><li>LIFE INSURANCE provides you with instant cash in the event of death or total and permanent disability; (.25% of population between 18-65) </li></ul><ul><li>ACCIDENT INSURANCE provides you with instant cash in the event of accidental death or disablement; (10% of inpatient &amp; outpatient cases) </li></ul><ul><li>HEALTH INSURANCE (medical insurance or HMO) protects you from losing money in the event of sickness or accident. (10% inpatient / 300% outpatient) </li></ul>Insurance saves you from losing your money 4 Purple Cow 2012 EB Primer
  • 5. 1 Purple Cow 2012 Benefits ACCIDENT 2. ACCIDENT INSURANCE a. Accidental Death * Murder b. Accidental Disablement * Assault HEALTH 3. MEDICAL HMO * 19,401 MD, 382 hospitals, 426 clinics 4. Opt. DENTAL HMO * Basic 10: 790 dentists, 659 clinics 5. Opt. Annual Physical Exam * Basic 5: mobile or clinic 6. Health &amp; Wellness Program * up to 2x/yr; tailored to utilization report LIFE 1. LIFE INSURANCE * Terminal Illness Rider * Total &amp; Perm Disability Income LIFE – ACCIDENT – HEALTH Benefits Overview
  • 6. 2 Purple Cow 2012 Benefits 18. Pooled Employee utilization 6. Accidental Disablement = __% of 5x MBL 13. Access to Big 5 Hospitals &amp; Healthway 1. Life = 5x MBL 23. Same benefits for Dependents 11. HMO patient for no-cash-out 24. Access through Social Media 12. Private patient for reimbursement (HMO rate) 14. 100% Pre-Existing Conditions coverage 2. Terminal Illness = up to 50% of 5x MBL 20. Opt. Dental = HMO buffet of benefits 8. Medical = HMO buffet of benefits 22. Health &amp; Wellness Program (up to 2x/yr) 21. Opt. APE = choice of mobile or clinic 19. Separate Dependent utilization 17. Benefits on top of Philhealth 16. 100% Special Procedures coverage 15. 100% Congenital Conditions coverage 10. Max. Benefit Limits per disability per year 9. Combined inpatient &amp; outpatient limits 7. Assault = __% of 5x MBL 5. Murder = 5x MBL 4. Accidental Death = 5x MBL 3. Total &amp; Perm. Disability Income = 5x MBL LIFE – ACCIDENT – HEALTH Benefits Summary
  • 7. 3 Purple Cow 2012 Benefits 5x MBL 1. Suicide within the 1 st year of coverage 3. Total &amp; Perm Disability Income 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. 5x MBL 1. Life Life benefits are payable on top of Accident &amp; Medical HMO benefits 2.5x MBL EXCLUSIONS +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 (&lt; 12mos. to live); 50% balance upon death; 3. TPDI Benefit = 5x MBL, in lieu of the Life benefit, whether sickness or accident. 2. Terminal Illness Rider (up to 50%) ASIANLIFE 1. Life Insurance (worldwide)
  • 8. 3 Major Employee Benefits in 1 Plan: You get Group Life, Accident &amp; 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 3 Why Purple Cow? Purple Cow 2012 Competitive Advantages
  • 9. 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) 12 Life = 5x MBL: 1 year’s worth of income replacement Why Purple Cow? Purple Cow 2012 Competitive Advantages
  • 10. Terminal Illness Rider: Your TIR benefit is a 50% advance on your Life benefit, payable if you have &lt; 12 mos. to live (50% balance payable upon death). (Unlike all HMO plans) 13 TIR = 50% of 5x MBL, in lieu of life, for living expenses Why Purple Cow? Purple Cow 2012 Competitive Advantages
  • 11. Total &amp; 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) 14 TPDI = 5x MBL, in lieu of Life, for living expenses Why Purple Cow? Purple Cow 2012 Competitive Advantages
  • 12. 1 <ul><li>What’s in it for… Employees ? </li></ul>Purple Cow 2012 Summary You get full HMO + Philhealth benefits Employee Benefits on top of Philhealth You can take charge of your own health , and know before you go Access to benefit information through C3 on www.purplecow.ph &amp; Facebook You can use any accredited hospital or clinic for medical or dental treatment Nationwide Medical &amp; Dental networks, inclusive of all major hospitals &amp; clinics You can see your own doctor and get reimbursed the HMO doctor’s rate Choice of doctor as a Private Patient for insurance reimbursement at HMO rates You are covered for existing illnesses, natal conditions, &amp; special procedures 100% Pre-Existing, 100% congenital, &amp; 100% Special Procedures coverage You can avail anytime, anywhere 1 health card for every employee You won’t need to get any more insurance benefits for yourself Life INS, Accident INS, Medical HMO, Optional Dental HMO &amp; Optional APE You get more financial security from Purple Cow than from any other HMO A complete Employee Benefits package that can make you financially secure EE Benefits EE Features

×