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Old Mutual: Greenlight presentation
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- 2. IS YOUR RISKCONVERSATION DIFFICULT OR DOES IT GIVE 100% PEACE OF MIND?
- 3. COVERED WITH GREENLIGHT 42% ONLY42% OF OLD MUTUAL CUSTOMERS ARE COVERED
- 4. COVERED WITH GREENLIGHT 42% COVEREDAGAINST SEVERE ILLNESS… 12% COVERED FOR SEVERE ILLNESS 12%
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- 7. 1 IN 3 1 IN 4 1out 3 Males and 1out 4 Females are at risk to suffer a cardiovascular disease before age 60. *Only 12% of PF customers have cover for severe illness with GREENLIGHT. Tableau statistics CARDIOVASCULAR RISK IN YOUR GREENLIGHT CUSTOMER BASE PROTECTED WITH GREENLIGHT SEVERE ILLNESS* YOUR CUSTOMERS AT RISK
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- 10. WHAT IF ITHAPPENS…? DISABILITY SEVERE ILLNESSWhat are the costs?
- 11. STAGES OF A SEVEREILLNESS DIAGNOSIS • MRI scan • Angiogram • Blood tests • ECG tests TREATMENT • Bypass surgery • Pathway ablation • Chemo • Radiation RECOVERY • Time off work • Nursing care • Childcare UNEXPECTED COSTS • Scaling down • Unpaid sick leave • Depression • Alternative treatments • Settling debt • Early retirement
- 12. STAGES OF A SEVEREILLNESS Medical Aid Savings/Debt Severe IllnessGap Cover DIAGNOSIS TREATMENT RECOVERY UNEXPECTED COSTS
- 13. EVERY DREAM DESERVESA PLAN WHAT MEDICAL AIDS PAY
- 14. Automatic Child Illness MildIllnesses Early Diagnosed Payouts 100% Payouts Lifestyle Enhancer 100% Payouts with Peace of Mind ELITE SEVERE ILLNESS PLUS SUMMARY
- 15. Early Diagnosed Payouts 100%Payouts100% Payouts with Peace of Mind PREMIUM SEVERE ILLNESS SUMMARY
- 16. Early Diagnosed Conditions TieredPayouts Cancer Enhancer ESSENTIAL SEVERE ILLNESS SUMMARY
- 17. EVERY DREAM DESERVESA PLAN options? medical jargon? advice risk?
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- 20. DID YOU KNOW 99%of all Severe Illness claims in 2017 were for 100% events.
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- 22. EVERY DREAM DESERVESA PLAN THE VALUE OF A MINUTE
- 23. EVERY DREAM DESERVESA PLAN WHAT HAPPENS IN A MINUTE? 11.8 cancer deaths per minute world wide 4.38 people are diagnosed with diabetes every minute. (Health 24 2017) There is a heart attack or stroke every 4 minutes. (Heart foundation 2016) 18 men commit suicide every 24 hours (Times Live 2017)
- 24. EVERY DREAM DESERVESA PLAN WE
- 25. EVERY DREAM DESERVESA PLAN CLAIM STATS AT GLANCE
- 26. EVERY DREAM DESERVESA PLAN WE PAID CLOSE TO R10 BILLION ACROSS OLD MUTUAL SOUTH AFRICA IN 2017 R 3.55 BILLION R 1.93 BILLION R 4.49 BILLION Underwritten Benefits Corporate Benefits Non-underwritten benefits
- 27. EVERY DREAM DESERVESA PLAN THAT’S OVER R83 000 PAID PER WORKING MINUTE TO OUR CUSTOMERS.
- 28. EVERY DREAM DESERVESA PLAN 96% OF ALL UNDERWRITTEN CLAIMS RECEIVED WERE PAID IN 2017 99% DEATH CLAIMS 99% DEATH CLAIMS 95% DISABILITY INCOME CLAIMS 69% DISABILITY LUMP SUM CLAIMS 82% SEVERE ILLNESS CLAIMS
- 29. EVERY DREAM DESERVESA PLAN TOTAL CLAIMS NOT PAID 4% BENEFIT DEFINITION NOT MET FRAUD NON- DISCLOSURE SUICIDE EXCLUSION GENERAL EXCLUSION UNDERWRITTING EXCLUSION
- 30. EVERY DREAM DESERVESA PLAN THE POWER OF ADVICE
- 31. EVERY DREAM DESERVESA PLAN SEVERE ILLNESS CLAIMS We paid R24 million more in Severe illness claims than 2016 STRESS contributes towards these conditions
- 32. EVERY DREAM DESERVESA PLAN WHY GREENLIGHT
- 33. EVERY DREAM DESERVESA PLAN WE ‘VE HAD A 96% PAYOUT RATIO FOR THE LAST 7 YEARS. WE PAID OUT THE MOST CLAIMS IN THE INDUSTRY R4.49 BILLION. SINCE INCEPTION WE’VE PAID R41.9 BILLION IN UNDERWRITTEN CLAIMS. WE’VE HAD THE HIGHEST AND MOST CONSISTENT PAYOUT RATIO IN THE LAST 5 YEARS.
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- 36. GREENLIGHT GENERAL EXCLUSIONS •Other benefits: Specific violent crime exclusion and not a ‘blanket’ crime exclusion.
- 38. It’s the onlyfree program in our industry that provides real value to customers and consumers across all segments that will practically help them to reach their financial goals. It is designed for the CUSTOMER
- 39. 39 SIMPLER, MORE EVOLVED,DIFFERENT PAY MONTHLY ACTIVITIES POINTS TIERS DISCOUNTS SPEND REDEEM COMPETITORS OLDMUTUAL ACTIVITIES POINTS REDEEM
- 40. MY OLD MUTUAL Sign-up& Engage Sign-up & Engage HOW DO I EARN POINTS? Join now $$$ Update Profile $$$ Referrals earn up to $$$ Competitions/Promos Unlimited Financial Wellness Assessments Calculators Moneyversity On the Money/Fin360 Credit Report/Score Request Advice Points for Financial Needs with Old Mutual
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