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MODICARE MAXIMIZER PLAN-NEW
The Plan of Independence summarizes a new compensation plan that aims to simplify qualifications and rewards. Key changes include removing qualification structures, basing titles only on qualifying enrollment volume (QEV), stronger incomes at lower levels through retail bonuses, and bigger rewards for team development through bonuses for generations of volume. Higher titles will qualify faster through easier transition requirements and a more rewarding recognition program including overseas trips.
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MODICARE MAXIMIZER PLAN-NEW
- 1. The Plan ofIndependence
- 3. Highlights • Simpler tounderstand and teach - No Structures • More Reachable PBV required for being active/title qualification • Stronger Incomes at the lower levels with energized retail incomes • Bigger and Better Rewards for Team Development • Bonuses for starters exempted from Company Pool • Easier TRANSITION to Higher Titles- Live your dream faster • Much more REWARDING Reward and Recognition Program
- 4. Career Path NO MORESTRUCTURES ONLY VOLUME REQUIRED FOR QUALIFICATION NO MORE DEPENDENCE ON SPILLOVER FOR PAT YOUR PAT NOW TOTALLY IN YOUR CONTROL
- 5.
- 6. Introduction to QEV •QEV (Qualifying Enrolment Volume) – The PBV of yourself and everybody below you down infinitely deep in your Enrollment Genealogy regardless of their title or PBV. – For each title there is a maximum leg rule which means maximum volume which would be considered from each leg. – Your titles are based on QEV
- 7. Career Path –Starters and Builders PAT ACTIVE LEGS QEV MAX BV FROM ONE LEG MTB % PERSONAL MTB CAPS Star 1 - - - Silver Star 2 - - 6% 2000 Super Star 20000 12000 6% 3000 Gold 40000 24000 8% 5000 Platinum 65000 39000 8% 9000
- 8. PAT QEV MAX BVFROM ONE LEG LLV (Does not include PBV) MTB % PERSONAL MTB CAPS Emerald 125000 75000 50000 8% 18000 Diamond 250000 150000 70000 8% 32000 President Diamond 500000 275000 100000 8% 75000 Blue Diamond 900000 400000 8% 150000 Royal Diamond 1600000 720000 8% 200000 Royal Double Diamond 3000000 1200000 8% 275000 Royal Crown Diamond 4500000 1800000 8% 350000 Royal Double Crown Diamond 6500000 2600000 8% 500000 Royal Elite Double Crown Diamond 9000000 3600000 8% 650000 Royal Triple Crown Diamond 12000000 4800000 8% 800000 Royal Elite Triple Crown Diamond 20000000 7000000 8% 900000 Royal Black Diamond 37500000 11250000 8% 1150000 Global Black Diamond 60000000 18000000 8% 1500000 Global Elite Ambassador 100000000 25000000 8% 3000000 Global Crown Ambassador 200000000 50000000 8% 5000000 KK Modi World Ambassador 300000000 75000000 8% 10000000 Leadership Titles
- 9. How is QEVcalculated? Example: For Emerald Your Total Enrolment Volume = 171800 The max EV you can get from any leg is 75000 From Ram, you get 75000, Shyam 20000 and John 50000 Your QEV = 146800 QEV required for Emerald is 1,25,000** ** LLV requirement of min 50000 You 1800 PBV Ram 1,00,000 QEV Shyam 20,000 QEV John 50,000 QEV
- 10. Why does theMaximum Leg requirement reduce as you progress in the career path? • Leaders are expected to build leaders in each of their teams and should not build “One Legged "structures • Solid Width with depth is expected starting Emeralds and above • Stronger Width and Depth helps you to earn Stronger Maximizer Team Bonus and Leaders Cheque Match
- 11. Active Requirement • AConsultant has to be active in any given period, to receive commissions from their team for that month • Active requirement: – Star and Silver Star : 500 PBV – Super Star to Platinum: 1000 PBV – Emerald and Above: 1800 PBV
- 12. Improved Bonus Plan •Retail Profit • Power Seller Bonus • Team Builder Bonus • Maximizer Team Bonus • Leadership Cheque Match • Overseas Leadership Seminar (OLS) • Cash Rewards
- 13. MMP - Rewardsfor each Step taken towards Living Your Dreams Develop Leaders Under You - LCM, Rewards Build Bigger Teams - MTB Develop Teams - Team Builder Bonus Self Use and Share - Retail Profit, PSB
- 14. Power Seller Bonus PersonalBV % Incentive 10,000-24,999 5% 25,000-49,999 10% 50000 and above 15% PSB can be earned upto a max of Rs 20,000 a month SIMPLER REWARDS RETAILERS NO TRIMMING
- 15. PBV accumulation programto work as follows: First Time Ever Exciting Benefits for Consistency • All consultants eligible for the same irrespective of title • Accumulate minimum 10000 PBV in 4 continuous rolling months subject to the consultant being active in all months • Get paid 3% on the accumulated volume on which PSB is not paid • If inactive in any month, any earlier accumulated PBV will be flushed Reward Consistency and Retention through Retailing
- 16. Reward Consistency andRetention through Retailing Examples: • Example 1: – Month 1 : 3000 PBV – Month 2: 3500 PBV – Month 3: 4500 PBV – Month 4: 2000 PBV – Payout: 3% of 13000 PBV = Rs. 390 • Example 2: – Month 1: 3000 PBV – Month 2: 7000 PBV – Month 3: 20000 PBV – Mont 4: 3000 PBV – You Get paid 5% PSB on 20000 = Rs. 1000 – Accumulative PSB = 3% of 13000 = Rs. 390 Examples: • Example 3: – Month 1: 3000 PBV – Month 2: 0 PBV – Month 3: 45000 PBV – Mont 4: 2000 PBV – Month 3 PSB = 10% of 45000 = Rs. 4500 – No accumulative PSB as not active in all 4 months • Example 4: – Month 1: 2000 PBV – Month 2: 20000 PBV – Month 3: 2000 PBV – Month 4: 8000 PBV – Month 2 PSB = 5% of 20000 = Rs. 1000 – M1 + M3 + M4 = 12000 *3% = Rs. 360
- 17. Team Builder Bonus TeamBuilder Bonus Proposed • Paid on 1000 BV Generations with Compression • From Star up to President Diamond – Paid for 1st Generation: Star to Silver Star – Paid upto 3rd Generation: Super Star to President Diamonds • 1st Generation 3% • 2nd Generation 2% • 3rd Generation 1% No Complicated Conditions No Trimming Ever
- 18. Power Of TeamBuilder Bonus You 2500 PBV A 2000 PBV A1 500 PBV A3 2500 PBV A2 1000 PBV A4 3000 PBV B 500 PBV B1 6000 PBV B3 5000 PBV B2 1000 PBV B4 3000 PBV C 1000 PBV C1 10000 PBV C4 5000 PBV C2 750 PBV C5 1200 PBV C3 5000 PBV C6 5000 PBV D 5000 PBV D1 3000 PBV D3 1800 PBV D2 500 PBV D4 1200 PBV
- 19. Maximizer Team Bonus Fortifiedwith even more Vitamin M • Strengthen the MTB pool from 23.5% to 27 of BV % • PBV in PLV upto 5000 for PAT Silver Star only
- 20. Maximizer Team Bonus– Pool 27% PAT Effective % in last 6 months New % Paid % Paid Caps Silver Star 3.5% 6 2000 Super Star 3.5% 6 3000 Gold 5.6% 8 5000 Platinum 5.6% 8 9000 Emerald 7.0% 8 18000 Diamond 7.0% 8 32000 President Diamond 7.0% 8 75000 Blue Diamond 7.0% 8 150000 Royal Diamond 7.0% 8 200000 Royal Double Diamond 7.0% 8 275000 Royal Crown Diamond 7.0% 8 350000 Royal Double Crown Diamond 7.0% 8 500000 Royal Elite Double Crown Diamond 7.0% 8 650000 Royal Triple Crown Diamond 7.0% 8 800000 Royal Elite Triple Crown Diamond 7.0% 8 900000 Royal Black Diamond 7.0% 8 1150000 Global Black Diamond 7.0% 8 1500000 Global Elite Ambassador 7.0% 8 3000000 Global Crown Ambassador 7.0% 8 5000000 KK Modi World Ambassador 7.0% 8 10000000
- 21. Other Rules • MTBto be paid on a minimum Pay Leg Volume (PLV) of 5000 BV • Rule regarding non applicability of company pool to new joinees removed
- 22. Maximizer Team Bonus •Your PAT is based on QEV as against DV earlier. However, you continue to earn your MTB on your Less Leg. • Your Enrolment lineage is converted into Placement Lineage (Strong and Less Leg). As you grow your QEV, you will also in this process build your Placement Lineage and help to create spillovers for your downlines. • Therefore to maximize your MTB earnings you should continue to focus on building both your Strong as well as Less Leg.
- 23. LCM – 4%Pool Your Paid As Rank Emerald Generations Deep % (based on Pay Rank of downline) Caps (Rs) Receiving Leader Leader Check Match Cap on Each Person Emerald 15% 2700 Diamond 1 15% 4500 President Diamond 1 15% 11000 Blue Diamond 2 15% 22500 Royal Diamond 2 15% 30000 Royal Double Diamond 2 15% 40000 Royal Crown Diamond 3 20% 70000 Royal Double Crown Diamond 3 20% 100000 Royal Elite Double Crown Diamond 3 20% 130000 Royal Triple Crown Diamond 3 20% 150000 Royal Elite Triple Crown Diamond 3 20% Royal Black Diamond 3 20% Global Black Diamond 3 20% Global Elite Ambassador 3 20% Global Crown Ambassador 3 20% KK Modi World Ambassador 3 20%
- 25. PAT FIRST TIME 6 monthsin 12 rolling months 8 months in 12 rolling months 10 months in 12 rolling months Emerald Rs. 25000 cash award Rs. 40000 cash award OLS Diamond OLS OLS with Rs. 15000 cash OLS with spouse with Rs. 25000 cash President Diamond OLS with Rs. 20000 Cash OLS with Rs. 30000 Cash OLS with spouse with Rs. 45000 Cash Blue Diamond OLS with cash Rs 2 lac OLS with cash Rs 3 lac OLS with spouse and Rs. 4 lac Royal Diamond OLS with cash Rs 3.5 lac OLS with cash Rs 4.5 lac OLS with spouse and Rs. 6 lac Royal Double Diamond OLS with cash Rs 4.5 lac OLS with cash Rs 6 lac OLS with spouse and Rs. 8 lac
- 26. PAT FIRST TIME 6 monthsin 12 rolling months 8 months in 12 rolling months 10 months in 12 rolling months Royal Crown Diamond OLS with cash Rs 6 lac OLS with cash Rs 8 lac OLS with spouse and Rs. 10 lac Royal Double Crown Diamond OLS with cash Rs 9 lac OLS with cash Rs 12 lac OLS with spouse and Rs. 15 lac Royal Elite Double Crown Diamond OLS with cash Rs 12 lac OLS with cash Rs 16 lac OLS with spouse and Rs. 20 lac Royal Triple Crown Diamond OLS with cash Rs 15 lac OLS with cash Rs 19 lac OLS with spouse and Rs. 23 lac Royal Elite Triple Crown Diamond OLS with cash Rs 17 lac OLS with cash Rs 22 lac OLS with spouse and Rs. 28 lac Royal Black Diamond OLS with cash Rs 20 lac OLS with cash Rs 27 lac OLS with spouse and Rs. 34 lac Global Black Diamond OLS with cash Rs 28.5 lac OLS with cash Rs 38 lac OLS with spouse and Rs. 50 lac Global Elite Ambassador OLS with cash Rs 52.5 lac OLS with cash Rs 70 lac OLS with spouse and Rs. 1 cr Global Crown Ambassador OLS with cash Rs 0.90 cr OLS with cash Rs 1.2 cr OLS with spouse and Rs. 2 cr KK Modi World Ambassador OLS with cash Rs 2.25 cr OLS with cash Rs 3.5 cr OLS with spouse and Rs. 5 cr
- 27. PAT SECOND TIME Perks 10 monthsin 12 rolling months Blue Diamond OLS with spouse and Rs. 4 lac Economy Travel Plus Room on overseas travel Royal Diamond OLS with spouse and Rs. 6 lac Economy Travel Plus Room on overseas travel Royal Double Diamond OLS with spouse and Rs. 8 lac Economy Travel Plus Room on overseas travel Royal Crown Diamond OLS with spouse and Rs. 10 lac Business class travel, upgraded room on OLS Royal Double Crown Diamond OLS with spouse and Rs. 15 lac Royal Elite Double Crown Diamond OLS with spouse and Rs. 20 lac Royal Triple Crown Diamond OLS with spouse and Rs. 23 lac Business class travel, suite room and luxury car on OLS Royal Elite Triple Crown Diamond OLS with spouse and Rs. 28 lac Business class travel, suite room and luxury car on OLS Royal Black Diamond OLS with spouse and Rs. 34 lac Business class travel, suite room and luxury car on OLS Global Black Diamond OLS with spouse and Rs. 50 lac Business class travel, suite room and luxury car on OLS Global Elite Ambassador OLS with spouse and Rs. 1 cr Business class travel, suite room and luxury car on OLS Global Crown Ambassador OLS with spouse and Rs. 2 cr Business class travel, suite room and luxury car on OLS KK Modi World Ambassador OLS with spouse and Rs. 5 cr Business class travel, suite room and luxury car on OLS
- 28. Rules • Blue Diamondand Royal Double Diamond can requalify for the R&R reward only once at the same PAT. Royal Crown Diamond and higher can qualify multiple number of times on meeting the requalification criteria • Consultant cannot avail a lower reward than the highest award ever availed • Rewards already availed cannot be availed again as per the modified plan. For example: If you have availed the Blue Diamond reward twice, you now have to qualify as a minimum Royal Diamond for the reward • All rewards subject to TDS as per Government of India rules • R&R points accumulated till May’14 will be converted into appropriate number of months – For example: If you have accumulated 90000 points on Blue Diamond title, the same will now be converted to 3 months of title achievement.
- 29. Transition For PAT SilverStar till PAT President Diamonds (as per new career path) transition will be as follows: 1. Since the plan is being announced in the middle of the month, incase income of PAT Silver Star to PAT President Diamonds is lower under the new plan, they will be paid the difference between their old plan bonus and new plan bonus for the Month of June’14 2. Transition on Team Builder Bonus (TBB) Vs Power Team Bonus (PTB) June’14 and July’14 Aug and Sept’14 Oct and Nov’14 Dec’14 Pay consultant the full difference between what he will make now in TBB Vs What he would have made under PTB Pay consultant 75% difference between what he makes as per new rule and what he would have made as per existing rule Pay consultant 50% difference between what he makes as per new rule and what he would have made as per existing rule Normal Plan – Transition ends.
- 30. Double Bonanza Promotion •For all consultants who have started their race for Thailand- Qualified for 1 or both months in April/May’14- can continue their qualifications as per new career path • For consultants who are yet to start their qualification – Will start in June- have to do the following: – Required title Emerald (Base Title was Platinum or lower): Will now require Diamond as per new career path – Required title Diamond (Base Title was Emerald): Will still require Diamond as per new career path – Required title President Diamond or higher (Base title was Diamond)- Will still require President Diamond or higher as per new career path