IC Co

Contests for
All Insurance Consultant / POS-P / ASO Self Code / RP Self Code
Login : 06 Apr 2024 to 30 Apr 2024 | Issuance : 10 May 2024

Index
01 Non Club ICs
06 to 22 Apr 2024
02 Consistency Benefit – Club IC

06 to 30 Apr 2024
03 Jumpstart April - All ICs

06 to 22 Apr 2024
04 GPG Bonanza - All ICs

06 to 22 Apr 2024
05 SISO Contests
06 to 30 Apr 2024
01 Non Club ICs
06 to 22 Apr 2024
Contest for Non Club ICs

Non Club IC / Non Club POS-P / Non Club ASO Self Code / Non Club RP Self Code

Non club IC Contest
Applicable to – Non club IC / POS-P / ASO Self Code / RP Self Code
1,500
On 1 Lac Traditional Rated NB (cheque value)
OR
On 2 Lac Total Rated NB (cheque value)
Product Credits :
Traditional RP : 100% | Traditional SP : 10% | ULIP 10 year & above PPT : 100% | ULIP below 10 year PPT : 0%
Applicable for IC, POS-P, ASO Self code & RP Self code | Terms & conditions applicable
Non club IC Contest
Applicable to – Non Club IC / Non Club POS-P / Non Club ASO Self Code / Non Club RP Self Code
Important Points:
• ‘Non Club IC Contest’ slabs are applicable to Non Club IC / POS-P / ASO Self Code / RP Self Code only
• Qualifier will get highest achieved prize in ‘Non Club IC Contest’ and ‘Jumpstart April – All IC Contest’
and ‘Consistency Benefit – Apr’24’
• Prizes will be adjusted from Annual Contest Correction FY’25
• For ACE Actual realized premium will be considered i.e. premium derived after discount
• SISO Policies will not be considered in this Contest
• Zero credit on policies sourced from NPS proceeds.
• ‘Persistency & Other Quality Parameters’ related Terms and conditions of as mentioned in ‘Jumpstart
April – All IC Contest’ remain applicable
02 Consistency Benefit – Club IC
06 to 30 Apr 2024
Contests for

Consistency Benefit – Club IC – On Traditional Rated NB
Club Status Traditional Rated Consistency Benefit on

Consistency Benefit –
NB (Cheque
as per Rated NB Apr’24 (INR) Repeat Activation (INR)
Value) Target
25,000 1,000 1,500
Promising & Silver
50,000 2,000 3,000
30,000 1,250 1,750
Gold & Gold Plus 50,000 2,250 3,250
1,00,000 5,000 6,500
50,000 2,250 2,750
1,00,000 5,000 6,000
Diamond & Above
2,00,000 11,000 12,500
3,00,000 18,000 21,000
Product Credits :
Traditional RP : 100% | Traditional SP : 10% | ULIP : 0%
Consistency Benefit – Club IC – On Traditional SISO NOP
Club Status Traditional SISO Consistency Benefit – Consistency Benefit on

as per SISO NOP NOP –Target Apr’24 (INR) Repeat Activation (INR)
SISO Promising & 1 1,000 1,500
SISO Silver 2 2,000 3,000
1 1,250 1,750
SISO Gold & SISO
2 2,250 3,250
Gold Plus
4 5,000 6,500
1 2,250 2,750
SISO Diamond & 2 5,000 6,000
Above 4 11,000 12,500
6 18,000 21,000
Consistency Benefit – Club IC
Important Points:
• Club status at the end of the month will be considered for Consistency Benefit Calculation.
• For Consistency Benefit on Traditional Rated NB, the Club status achieved on Rated NB will be considered.
• For Consistency Benefit on Traditional SISO NOP the Club status achieved on SISO NOP will be considered.
• IC can earn through both parameters i.e. Consistency Benefit - On Traditional Rated NB & Consistency Benefit - On Traditional SISO NOP.
• Only new business (Traditional) will be considered and FYLP will not be considered for Consistency Benefit - On Traditional Rated NB.
• GPG will be considered in Consistency Benefit - On Traditional Rated NB & Consistency Benefit - On Traditional SISO NOP
• Qualifier will get highest achieved prize in ‘Consistency Benefit – on Traditional Rated NB - Apr’24’ and ‘GPG Bonanza – All IC Contest’
• Qualifier will get highest achieved prize in ‘Consistency Benefit – on Traditional SISO NOP- Apr’24’ and ‘NoL Payments & Bullet Payments Contest‘
• SISO FP & FYLP will not be counted for Consistency Benefit - on Traditional Rated NB as there is separate Consistency Benefit for SISO NOP.
• Consistency Benefit on Traditional RNB & Consistency Benefit on SISO NOP will be adjusted from ACC FY’25
• Benefit on Repeat Activation:
• If IC qualifies for Consistency Benefit on Traditional Rated NB in Apr’24 and same IC also qualifies for Consistency Benefit on Traditional Rated NB in May’24 then IC
will get higher Consistency Benefit as mentioned in the ‘Consistency Benefit - Repeat Activation’.
• If IC does not qualify for Consistency Benefit on Traditional Rated NB in Apr’24 but qualifies for Consistency Benefit on Traditional Rated NB in May’24 then IC will
get Consistency Benefit as mentioned in the ‘Consistency Benefit’.
• ‘Persistency & Other Quality Parameters’ related Terms and conditions of as mentioned in ‘Jumpstart April – All IC Contest’ remain applicable
03 Jumpstart April - All ICs
06 to 22 Apr 2024
Contests for

Jumpstart April Contest – All ICs - Slab 1
4,000
OR
Product Credits :
GPG policies will not be considered in ‘Jumpstart April Contest – All ICs’ Contest. There is separate contest for GPG
16,000
OR
Product Credits :
Pattaya – 1 Ticket
OR
Reimbursement Value Pattaya 1 ticket : Rs 40,000
Product Credits :
Jumpstart April Contest – All ICs - Summary
Summary
Login Period Rated NB Target Reward
06 Apr to 22 Apr 2024 2 L Trad RNB or 4 L Total RNB Rs 4,000
06 Apr to 22 Apr 2024 4 L Trad RNB or 8 L Total RNB Rs 16,000
06 Apr to 22 Apr 2024 5 L Trad RNB or 10 L Total RNB Pattaya – 1 Ticket
Product Credits :
Reimbursement Value - Pattaya 1 ticket : Rs 40,000
Jumpstart April Contest –Special Gift Voucher
Pattaya Qualifier with 5 Lac Trad RNB or 10 Lac Total RNB

will get opportunity to earn unlimited Gift vouchers
On each block of 5 Lac Trad RNB or 10 Lac Total RNB

(over and above 5 Lac Trad RNB or 10 Lac Total RNB) , IC will get
Gift Voucher worth Rs. 40,000
This Gift voucher is over and above the Pattaya Trip
Jumpstart Contest – All ICs – Terms & Conditions
Premium Related:
• Only standard policies will be counted in the competition.
• Standard policy condition for SPG, E – touch & Health care goal:
• Annual mode: counted as standard policy irrespective of any premium provided the policy is logged with Auto pay mode (ECS / ADI / NACH / e-mandate). However, annual mode
policy with premium below 25,000 will not be considered as standard policy if such policy is logged without Auto-pay mode (ECS / ADI / NACH / e mandate).
• Other than annual mode: counted as standard policy if modal premium (first premium) is min 25,000.
•
Applicable for IC, POS-P, ASO Self code & RP Self code
Standard policy condition for SISO: counted as standard policy if modal premium (first premium) is min 5,000 provided such policy is logged with Auto-pay mode (ECS / ADI / NACH / e-
mandate).
• For ACE Actual realized premium will be considered i.e. premium derived after discount.
• FYLP will not be considered.
• Premium net off all applicable taxes will be considered for calculations of Rated NB and Counter Premium (Cheque Value)
Product Related:
• SISO policies will not be considered in ‘Non Club IC Contest’, ‘Jumpstart April – All IC Contest’ as there is separate contest for SISO.
Prize Related:
• Qualifier will get highest achieved prize in ‘Non Club IC Contest’, ‘Jumpstart April – All IC Contest’ and ‘Consistency Benefit – on Traditional Rated NB - Apr’24’
• Qualifier will get highest achieved prize in ‘GPG Bonanza – All IC Contest’ and ‘Consistency Benefit – on Traditional Rated NB - Apr’24’
• Prizes earned in ‘Jumpstart April – All IC Contest’ ‘Consistency Benefit – Apr’24’ and SISO Contests will be adjusted from Annual Contest Correction FY 24-25.
• All applicable taxes will be deducted from the gross benefit or equivalent benefit value, while making the disbursements.
• Xoxoday vouchers will be given in lieu of gift articles, if any.
• In case, IC opts and register for trip/ convention but does not travel due to any reason then IC will not get any reimbursement against the respective trip/ convention qualification
Persistency & Other Quality Parameters:
• Minimum Persistency requirements | 13th Month – 88% | 25th Month – 78%.
• For 13th month Persistency – policies sourced between 1st Apr’23 to 30th Apr’23, Renewed till 31st May’24.
• For 25th month Persistency – policies sourced between 1st Apr’22 to 30th Apr’22, Renewed till 31st May’24.
• Zero Non accidental early death claims (24 Rolling Month) (Max threshold is 0.2% of NOP sold in last 24 Months).
• Mis-selling complaints - Zero proven complaints (12 Rolling Month) | Predeceased complaints - Zero proven complaints (12 Rolling Month).
• Cheque dishonor, Freelook cancellations or any other reversal cases will not be considered.
• Premium from the surrender re-login of - 3 /+1 months, will be excluded for the purpose of this contest.
• All other Bajaj Allianz Life standard terms and conditions including quality parameters will be applicable.
• Management reserves the right to modify/alter any conditions/benefits either in full or part at any point of time.
Other Conditions:
• This contest is also applicable to ASO-SM & POSP (only POS specific products).
04 GPG Bonanza - All ICs
06 to 22 Apr 2024
Contest for

GPG Bonanza – All ICs
Summary
GPG Rated NB (Any GPG GPG
Login Period PPT) (PPT below 10 Year) (PPT 10 Year)
(Cheque Value) Reward Reward
06 Apr to 22 Apr 2024 1,00,000 Rs 3,000 Rs 6,000
06 Apr to 22 Apr 2024 2,00,000 Rs 8,000 Rs 16,000
06 Apr to 22 Apr 2024 2,50,000 Rs 15,000 Rs 30,000
06 Apr to 22 Apr 2024 3,00,000 Rs. 20,000 Pattaya – 1 Ticket
Product Credits :
GPG RP : 100% | GPG SP : 10%
Reimbursement Value - Pattaya 1 ticket : Rs 40,000

GPG Bonanza – All ICs – Special Gift Voucher With GPG (10 PPT)
Pattaya Qualifier with GPG (PPT 10 Year) will get Pattaya Qualifier with GPG (Below 10 Year PPT) will
opportunity to earn unlimited Gift vouchers get opportunity to earn unlimited Gift vouchers
On each block of 3Lac GPG (PPT 10 Year) On each block of 3Lac GPG (Below 10 Year PPT)
(over and above 3 Lac GPG (PPT 10 Year) , IC will get (over and above 3 Lac GPG (Below 10 Year PPT), IC
Gift Voucher worth Rs. 40,000 will get Gift Voucher worth Rs. 20,000
This Gift voucher is over and above the Pattaya Trip This Gift voucher is over and above Prize Rs. 20,000
GPG Bonanza – All ICs - Terms & Condition
• Qualifier will get highest achieved prize in ‘GPG Bonanza – All IC Contest’ and ‘Consistency Benefit – on Traditional Rated NB
- Apr’24’
• Product Credit : GPG RP : 100% | GPG SP : 10%
• Reimbursement Value : Pattaya-1 Ticket : Rs. 40,000
• Prizes earned in GPG Bonanza contest will be adjusted from Annual Contest Correction FY’25
• SISO policies will not be considered, as there is separate contest for SISO
• All Terms and conditions of ‘Jumpstart – Apr’24 – All ICs Contest’ will remain applicable.
05 SISO Contests
06 to 30 Apr 2024
NoL Payments & Bullet Payments Contest for


SISO Contest – April 2024
3 Stage Benefits – NoL Based Payments
01 02 03
NOL Bullet Bullet
Benefit Payment 1 Payment 2
Prize amount Payment on Payment on

is paid 3 times total premium total premium
IC gets NOL adjusted in adjusted in
benefits for 3 first 6 months first 12
months (M1, i.e. at the end months i.e. at
M3, M9) of Oct’24 the end of
Apr’25
• Minimum monthly premium for products ULIP SISO,, FIG SISO & AWG SISO is 5000/-
• Minimum monthly premium for product GPG is 6000/-
• Minimum monthly premium for product ACE SISO is 4,800/-
• SISO Policies of Magnum Fortune Plus will not be considered
SISO Contest – April 2024 – NoL Benefits
NOL Benefits – Traditional SISO & ULIP SISO
Prize Amount (INR)
NoL
Apr’24 Jun’24 Dec’24
2 400 400 400
3 800 800 800
4 1,200 1,200 1,200
5 1,500 1,500 1,500
7 2,800 2,800 2,800
10 5,000 5,000 5,000
Rs. 1500/- on each NOL from 11th NOL onwards (in 3 tranches of Rs. 500/-)
• Splitting of policies is not allowed.
• For NOL Benefit Calculation ULIP SISO + Traditional SISO policies will be considered.
• Policies counted in SISO will not be counted in Monthly contest.
• SISO Policies of Magnum Fortune Plus will not be considered.
• Persistency criteria as applicable as per respective month’s contest i.e. Apr’24, Jun’24
& Dec’24.
SISO Contest – April 2024 – Bullet Payment
Bullet Payment 1 - All SISO Policies
Total Received Premium (Cheque Prize Amount

Value) 31 Oct 2024 (INR)
50,000 500
1,00,000 1,000
2,00,000 2,500
4,00,000 6,000
7,50,000 12,750
10,00,000 20,000
20,00,000 50,000
50,00,000 1,50,000
• Only active policies (no lapsed) will be considered for this benefit
• Persistency criteria : Bullet Payment 1 - as per Oct’24 contest | Bullet Payment 2 - as per Apr’25 contest
• Bullet Payment 1 will be subtracted from Bullet Payment 2
SISO Contest – April 2024 – Bullet Payment
Bullet Payment 2 - All SISO Policies
Total Received Premium (Cheque Prize Amount

Value) 30 Apr 2025 (INR)
1,00,000 1,250
2,00,000 2,600
4,00,000 6,500
8,00,000 14,000
15,00,000 30,000
20,00,000 51,000
40,00,000 1,10,000
1,00,00,000 3,25,000
• Only active policies (no lapsed) will be considered for this benefit
• Persistency criteria : Bullet Payment 1 - as per Oct’24 contest | Bullet Payment 2 - as per Apr’25 contest
• Bullet Payment 1 will be subtracted from Bullet Payment 2
SISO Contest – April 2024 – Terms & Conditions
Terms & Conditions:
• IC will get highest prize between Consistency Benefit on SISO NOP & ‘NoL Payments & Bullet Payments Contest‘
• Splitting of policies is not allowed.
• Policies with E-mandate will only be counted. Non E-mandate policies will get zero credit.
• Policies counted in SISO contest will not be counted in Monthly contest.
• Only active policies (no lapsed) will be considered for NOL benefit and Bullet Payment.
• For ACE Actual realized premium will be considered i.e. premium derived after discount.
• Persistency criteria :
• NOL Benefit: as per Apr’24 Monthly Contest.
• Bullet Payment 1: as per Oct’24 Monthly Contest.
• Bullet Payment 2 : as per Apr’25 Monthly Contest.
• Prizes earned in SISO contest will be adjusted from Annual Contest Correction FY’25.
• Cheque dishonor, Freelook cancellations or any other reversal cases will not be considered.
• Premium from the surrender re-login of - 3 /+1 months, will be excluded for the purpose of this contest.
• All other Bajaj Allianz Life standard terms and conditions including quality parameters will be applicable.
• Management reserves the right to modify/alter any conditions/benefits either in full or part at any point of time.
05 SISO Contests
06 to 30 Apr 2024
Super 30 Contest – MFP SISO for


Super 30 Contest – MFP SISO
NOL Payments Yearly Payments

(within 1st year) (for 5 years)
• NOL Payment 1 - Apr’24 • Year 1 Payment - Apr’25

• NOL Payment 2 - Jun’24 • Year 2 Payment - Apr’26
• NOL Payment 3 - Dec’24 • Year 3 Payment - Apr’27
• Year 4 Payment - Apr’28
• Year 5 Payment - Apr’29
IC will get benefits from both NoL Payments & Yearly Payments on Magnum Fortune Plus
NOL Payments
MFP SISO NOL count Prize Amount (INR)

in contest period Apr 2024 Jun 2024 Dec 2024
2 400 400 400
3 800 800 800
4 1,200 1,200 1,200
5 1,500 1,500 1,500
7 2,800 2,800 2,800
10 5,000 5,000 5,000
15 7,500 7,500 7,500
20 10,000 10,000 10,000
30 20,000 20,000 20,000
Rs. 2,000/- on each NOL from 31st NOL onwards (in 3 tranches)
Yearly Payments (for 5 Years)
Year 3 Year 4 Year 5

Year 1 Year 2
0.3% 0.6% 0.9% 1.2% 1.5%
Contest Prize Rate (on the 1st year annualized premium)
Payment Schedule
Yearly Payment
(on the 1st year Annualised Payment Cycle
premium in Year 1)
Year 1 Apr 2025

Year 2 Apr 2026
Year 3 Apr 2027
Year 4 Apr 2028
Year 5 Apr 2029
Super 30 Contest – MFP SISO – Terms & Conditions
Terms & conditions
• Splitting of policies is not allowed

• Policies with E-mandate will only be counted. Non E-mandate policies will get zero credit
• Policies counted in Magnum Fortune Plus –Super 30 contest will not be counted in Monthly contest or any other SISO contest
• Only active policies (no lapsed) will be considered for NOL benefit and Bullet Payment
• Contest prize is accrued and paid only if IC is Active at the time of payment
• Minimum Persistency requirements | 13th Month – 88% | 25th Month – 78%
• For 13th month Persistency – policies sourced between 1st Apr’23 to 30th Apr’23, Renewed till 31st May’24
• For 25th month Persistency – policies sourced between 1st Apr’22 to 30th Apr’22, Renewed till 31st May’24
• The yearly payments are adjusted from Annual Contest Correction or other equivalent scheme for the respective year
• Contest is applicable for IC, ASO self code, RP self code
• Persistency benchmark declared periodically for IC contest. The persistency norm as applicable for respective month’s IC
contest remains applicable for the NOL payment & Yearly Payments.
• Cheque dishonor, Freelook cancellations or any other reversal cases will not be considered
• Premium from the surrender re-login of - 3 /+1 months, will be excluded for the purpose of this contest
• All other Bajaj Allianz Life standard terms and conditions including quality parameters will be applicable
• Management reserves the right to modify/alter any conditions/benefits either in full or part at any point of time
Jumpstart April – Important Dates
Activity Timeline
Last Date of Login 30-Apr-24
Last Date of Issuance 10-May-24
Last Date of Persistency 31-May-24
Result Declaration Date 14-Jun-24
Last Date of Representation 20-Jun-24
Cash Prize Payment Date 29-Jun-24

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Contests for

All Insurance Consultant / POS-P / ASO Self Code / RP Self Code

Login : 06 Apr 2024 to 30 Apr 2024 | Issuance : 10 May 2024

02 Consistency Benefit – Club IC

03 Jumpstart April - All ICs

04 GPG Bonanza - All ICs

Contest for Non Club ICs

Login : 06 Apr 2024 to 22 Apr 2024 | Issuance : 10 May 2024

Applicable to – Non club IC / POS-P / ASO Self Code / RP Self Code

Login : 06 Apr 2024 to 30 Apr 2024 | Issuance : 10 May 2024

Club Status Traditional Rated Consistency Benefit on

Club Status Traditional SISO Consistency Benefit – Consistency Benefit on

• Benefit on Repeat Activation:

Login : 06 Apr 2024 to 22 Apr 2024 | Issuance : 10 May 2024

Login Period Rated NB Target Reward

06 Apr to 22 Apr 2024 2 L Trad RNB or 4 L Total RNB Rs 4,000

06 Apr to 22 Apr 2024 4 L Trad RNB or 8 L Total RNB Rs 16,000

06 Apr to 22 Apr 2024 5 L Trad RNB or 10 L Total RNB Pattaya – 1 Ticket

Pattaya Qualifier with 5 Lac Trad RNB or 10 Lac Total RNB

On each block of 5 Lac Trad RNB or 10 Lac Total RNB

This Gift voucher is over and above the Pattaya Trip

Login : 06 Apr 2024 to 22 Apr 2024 | Issuance : 10 May 2024

06 Apr to 22 Apr 2024 2,00,000 Rs 8,000 Rs 16,000

06 Apr to 22 Apr 2024 2,50,000 Rs 15,000 Rs 30,000

06 Apr to 22 Apr 2024 3,00,000 Rs. 20,000 Pattaya – 1 Ticket

Reimbursement Value - Pattaya 1 ticket : Rs 40,000

NoL Payments & Bullet Payments Contest for

Login : 06 Apr 2024 to 30 Apr 2024 | Issuance : 10 May 2024

Prize amount Payment on Payment on

Bullet Payment 1 - All SISO Policies

Total Received Premium (Cheque Prize Amount

Bullet Payment 2 - All SISO Policies

Total Received Premium (Cheque Prize Amount

Terms & Conditions:

Super 30 Contest – MFP SISO for

Login : 06 Apr 2024 to 30 Apr 2024 | Issuance : 10 May 2024

NOL Payments Yearly Payments

• NOL Payment 1 - Apr’24 • Year 1 Payment - Apr’25

MFP SISO NOL count Prize Amount (INR)

Yearly Payments (for 5 Years)

Year 3 Year 4 Year 5

0.3% 0.6% 0.9% 1.2% 1.5%

Contest Prize Rate (on the 1st year annualized premium)

Year 1 Apr 2025

Terms & conditions

• Splitting of policies is not allowed

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