Vijay Path

Final Expenses means

Final account statement as on date of death

Final sundry creditors before time of death

Expenses for final rites as per custom and norms in the society

Last expenses incurred as outstanding debts at time of death

Income Replacement calculation refers to

Human Life Value calculation

Total capital required to compensate one’s income contribution to the family

Total needs for covering outstanding liabilities, inflation adjusted amount required by the family and contingency provisioning

Replacing monthly salary

If I need Rs.30,000/- per month to maintain my current standard of living, how much will I need to save every year for my retirement after 25 years? Assuming Investment rate at 8%, inflation at 5%, considering I have made no specific saving towards retirement yet and the Retirement corpus should last for atleast 20 years from the day I retire?

30000/- per month

Rs. 31500/- pm

Less than 20000/- per month

Rs. 25000/-

Net Rate usage in Vijaypath is

Inflation rate – Investment return rate

Investment return rate – Inflation rate

To find Present value after adjusting for inflation

To find Future value factoring in Inflation impact

Minimum time commitment for Vijaypath call

30 mins

45 mins

Less than 20 mins

Min 1 hour

Handing over your Visiting card belongs to which stage in VijayPath process

Need

Trust

Help

Act

Using the Risk Profiler helps to

Recommend a Guaranteed / Non par Traditional product

Make a choice of funds in ULIP plans

Understand risk appetite for suggesting suitable plans

Suggest plans which the customer doesn’t have in his portfolio.

As a parent, how much will I need to save every month for my son for his MBA? Assuming MBA cost 10 lacs today, and cost of education is growing at 8% and return on Investment is at 8%, Son is 3 yrs today and will need funding when he is 18.

Rs. 9009/- per month

Rs. 9999/- per month

Rs. 8255/- per month

Rs. 8400/- per month

As a main breadwinner, how much more Sum Assured coverage will Samir need in case He is no longer around? Assuming current expenses is Rs 25000 per month, current age is 35 yrs, and Corpus should last for 25 years at inflation adjusted net rate of 3%, Existing coverage is 20 lacs.

28 lacs

34 lacs

40 lacs

50 lacs

Recommending a customized solution to the Customer is in which stage in VijayPath process

Need

Trust

Help

Act

Vijay Path

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