Modicare Maximizer Plan II

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| By Sharadc

Sharadc

Community Contributor

Quizzes Created: 2 | Total Attempts: 220

Questions: 10 | Attempts: 53 | Updated: May 18, 2023

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Designed to evaluate understanding of Modicare Maximizer Plan

Questions and Answers

1.

Under the transition policy how many trip points a consultant with following business would earn: Month: August 2011 Active Legs: 2 Gold and above: 1 DV: 250,000 Lesser leg volume: 50,000
- A.
  
  5000
- B.
  
  0
- C.
  
  2500
Correct Answer
C. 2500
2.

Under the transition policy what would be the title of a consultant with following business: Month: November 2011 Active legs: 4 DV: 250,000 Gold and above: 2 Lesser leg volume: 30000
- A.
  
  Emerald
- B.
  
  Platinum
- C.
  
  Gold
Correct Answer
B. Platinum

Explanation
Based on the given information, the title of the consultant would be "Platinum" under the transition policy. This is determined by the fact that the consultant has achieved a DV (Downline Volume) of 250,000 and has 2 active legs that are Gold and above. The highest rank mentioned in the options is Platinum, so that would be the correct answer.

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3.

A consultant joined in the month of July 2011, by when he can achieve Emerald title for a chance to earn Star Performer Bonus?
- A.
  
  November 2011
- B.
  
  January 2012
- C.
  
  December 2011
Correct Answer
C. December 2011

Explanation
The consultant joined in July 2011, and the question asks when they can achieve the Emerald title for a chance to earn the Star Performer Bonus. Since the consultant joined in July and the options given are in the future, we can assume that it takes a few months to achieve the Emerald title. The only option that falls within a few months after July is December 2011, so that would be the correct answer.

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4.

What is Star Performer Bonus? Please explain in detail.
5.

A consultant joined in the month of August 2011. As per the old plan calculation his earnings would have been Rs. 12,000/- and as per new plan calculation his earnings would be Rs. 11,000/- What would be paid to him?
- A.
  
  Rs. 11,000/-
- B.
  
  Rs. 12,000/-
Correct Answer
A. Rs. 11,000/-

Explanation
The consultant would be paid Rs. 11,000/- because the new plan calculation states that his earnings would be Rs. 11,000/-.

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6.

Under the transition policy calculate the actual bonus payment to consultant with following business: Joining Month: April 2011 Bonus payout month: November 2011 Earning as per old plan calculation: Rs. 11,500/- Earning as per new plan calculation: Rs. 6,000/-
- A.
  
  11,500
- B.
  
  11,050
- C.
  
  6000
Correct Answer
B. 11,050

Explanation
The correct answer is 11,050. This is the actual bonus payment to the consultant under the transition policy. The consultant joined in April 2011 and the bonus payout month is November 2011. The earning as per the old plan calculation is Rs. 11,500 and the earning as per the new plan calculation is Rs. 6,000. Therefore, the actual bonus payment is the difference between the old plan earning and the new plan earning, which is Rs. 11,500 - Rs. 6,000 = Rs. 5,500. Subtracting this amount from the old plan earning gives us Rs. 11,500 - Rs. 5,500 = Rs. 11,050, which is the correct answer.

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7.

As per transition policy, valid title holders in the old plan would be given a new opening title in August'11. Silver, Gold, Star, President Star all would be given equal opening title of Emerald in the new plan. However, in the old plan President Star was a much higher title than Silver. How would you handle this query in the field. Explain.
8.

What is the difference between Paid-As title and Career Title.
9.

In Modicare Maximizer Plan, consultants are paid Maximizer Team Bonus on their Pay Leg Volume, which doesn't includes the strong leg volume. How a consultant would be earning/benefitted if he focuses on his rising performers in the strong leg?
10.

Calculate estimated bonus payment for a consultant with following business: Active legs: 4 Emerald and above Legs: 3 DV: 900,000 Lesser leg volume: 200,000 PBV: 20,000 Leg 1 has Emerald with Maximizer Team Bonus Earning of Rs. 12,000/- Leg 2 has Emerald with Maximizer Team Bonus Earning of Rs. 10,000/- Leg 3 has two Emeralds, first generation emerald with Maximizer Team Bonus Earning of Rs. 12,000/- and Second generation has maximizer team bonus earning of Rs. 10,000/- What would be the estimated income(Power Seller, Leader Cheque Match and Maximizer Team Bonus) of the consultant.
- A.
  
  29,400
- B.
  
  31,400
- C.
  
  32,400
Correct Answer
A. 29,400

Explanation
The estimated income of the consultant can be calculated by adding the earnings from each leg. Leg 1 has an earning of Rs. 12,000, Leg 2 has an earning of Rs. 10,000, and Leg 3 has a total earning of Rs. 22,000 (Rs. 12,000 + Rs. 10,000). The estimated income would be the sum of these earnings, which is Rs. 29,400.

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Current Version
May 18, 2023

Quiz Edited by
ProProfs Editorial Team
Jul 22, 2011

Quiz Created by
Sharadc

Modicare Maximizer Plan II

Under the transition policy how many trip points a consultant with following business would earn: Month: August 2011 Active Legs: 2 Gold and above: 1 DV: 250,000 Lesser leg volume: 50,000

Under the transition policy what would be the title of a consultant with following business: Month: November 2011 Active legs: 4 DV: 250,000 Gold and above: 2 Lesser leg volume: 30000

A consultant joined in the month of July 2011, by when he can achieve Emerald title for a chance to earn Star Performer Bonus?

What is Star Performer Bonus? Please explain in detail.

A consultant joined in the month of August 2011. As per the old plan calculation his earnings would have been Rs. 12,000/- and as per new plan calculation his earnings would be Rs. 11,000/- What would be paid to him?

Under the transition policy calculate the actual bonus payment to consultant with following business: Joining Month: April 2011 Bonus payout month: November 2011 Earning as per old plan calculation: Rs. 11,500/- Earning as per new plan calculation: Rs. 6,000/-

What is the difference between Paid-As title and Career Title.

In Modicare Maximizer Plan, consultants are paid Maximizer Team Bonus on their Pay Leg Volume, which doesn't includes the strong leg volume. How a consultant would be earning/benefitted if he focuses on his rising performers in the strong leg?