- Which companies are involved with Blue Chip?
- Is Blue Chip registered with the Financial Services Board?
- With the new legislation regarding financial advisors,
how does this affect Blue Chip?
- How do I qualify to become an Independent Advertiser
(IA)?
- May IA's give financial advice?
- May IA's compile their own marketing material?
- How does the company recognise an IA in the system?
- Which products are available from Blue Chip for
marketing?
- Where do IA's get their application forms from?
- What must an IA do if his upliner does not have
Internet to submit his/her application forms?
- Must IA's send their completed application forms
to the Head Office or not?
- Do IA's receive commission from their first sale?
- When could the first commission be expected?
- For how long will an IA receive commission?
- How much commission of monthly premium will an
IA receive per level?
- When are commissions paid?
- How are commissions paid?
- What would happen if a premium is not paid due
to insuffient funds in bank account?
- What happens if somebody dies?
- Could my family inherit my down line and commission?
- Can I sell my down line as a going concern?
- Who can I phone for more details in connection
with BlueChip?
- Can I cancel my policy and after how long can
I again become an IA?
- May I have more than one policy?
- Is BlueChip a pyramid scheme?
- Is there an annual escalation of premiums?
- Is there a cooling period in which I can cancel
my policy?
- Who can join BlueChip Short-Term?
- How do I join BlueChip Short-Term?
- Will my short-term insurance cover change if I
join?
- Will my monthly premium change?
- Who do I contact if I havea short-term insurance claim?
- Is there a chance that I could pay a double premium
on changeover?
- When will I start receiving my monthly rebates?
- For how long will I receive monthly rebates?
- Is there a limit to the monthly amount that I
can receive as rebate?
- Is the monthly rebate based on a percentage of
the premium or the broker-commission?
- How secure is my information on the Internet?
Q: Which companies are involved with Blue Chip?
BlueChip manages and KGA underwrites the
BlueChip Funeral Cover and accidental death. Creative
Digital Engineering supplies the
Development and Support. Stephen Small & Associates CC manages the Short Term Insurance.
They have agreements with Santam, Mutual & Federal, SA Eagle
and Auto & General.
Q: Is Blue Chip registered with the Financial Services Board?
Westrich Marketing (Pty) Ltd T/A BlueChip is a juristic representative of KGA Life Ltd FSP 15980.
Q: With the new legislation regarding financial
advisors, how does this affect Blue Chip?
An Independent Advertiser (IA) will not be affected because
of the fact that he/she will not be giving financial advice. All
literature regarding the funeral plan is available on the Internet.
Q: How do I qualify to become an Independent
Advertiser (IA)?
You must be of legal age (in South Africa it is 18 years)
and you must have personally introduced one (1) policyholder to
one of the products of BlueChip.
Q: May IA's give financial advice?
Under no circumstances may IA's give financial advice for it
is against the rules of the Life office Association.
Q: May IA's compile their own marketing material?
Only material supplied by BlueChip and that which is available
on the Web Site are allowed to be used for promotion and presentations.
Any other promotional material must be approved by BlueChip prior
to being used.
Q: How does the company recognise an IA in the
system?
Each IA is allocated his/her own unique number by the computer.
That number becomes his/her BlueChip ID
Q: Which products are available from Blue Chip
for marketing?
Bluechip has the following products: Funeral cover, Accidental
Death, Short-Term Insurance. See product information pages.
Q: Where do IA's get their application forms
from?
Blank application forms are available from the Internet or from
your upline.
Q:What must an IA do if his upliner does not
have Internet to submit his/her application forms?
If you do not have the facility to complete applications on
the Internet, you should ask your upline or your upliner's upline
to assist with filling in the forms or make use of public outlets
where the Internet is available ie Internet Café's.
Q: Must IA's send their completed application
forms to the Head Office or not?
IA's must complete the application form on the Internet and then
print the second page so that the applicant can sign that they have
read the Terms and Conditions and that the information supplied
by them is correct. This form must then be either faxed or posted
to the numbers supplied in the Services section.
Q: Do IA's receive commission from their first
sale?
Commission earned by IA's will be paid from their first sale,
but if the commission for that month is less than R 50-00 ( BlueChip
only pays out commissions higher than R 50-00), the commission will
be carried over to the next month for pay-out, or until the amount
is higher than R 50-00.
Q: When could the first commission be expected?
Applications received before approximately (see cut-off dates
under "Services" in Member's section) the 15th of each month will
be eligible for commissions. The monthly premium will then be deducted
on the first of the following month. The summary of the unpaid premiums
will be available from the 15th until the 20th of the month and
the commissions will then be paid out by the end of that month.
Q: For how long will an IA receive commission?
For as long as the premiums are paid on the policies in his
down line up to 7 levels and the IA does not break any of the rules
and regulations set out in the Terms and Conditions of BlueChip
to warrant the IA's termination.
Q: How much commission of monthly premium will
an IA receive per level?
| BlueChip Rands per Level 4 Levels |
| Level |
Silver |
Elite |
| LEVEL 1: |
20 |
30 |
| LEVEL 2: |
20 |
30 |
| LEVEL 3: |
20 |
30 |
| LEVEL 4: |
20 |
30 |
| LEVEL 5: |
0 |
0 |
| LEVEL 6: |
0 |
0 |
| LEVEL 7: |
0 |
0 |
| BlueChip Rands per Level 5 Levels |
| Level |
Silver |
Elite |
| LEVEL 1: |
10 |
15 |
| LEVEL 2: |
20 |
30 |
| LEVEL 3: |
20 |
30 |
| LEVEL 4: |
20 |
30 |
| LEVEL 5: |
10 |
15 |
| LEVEL 6: |
0 |
0 |
| LEVEL 7: |
0 |
0 |
| BlueChip Rands per Level 6 Levels |
| Level |
Silver |
Elite |
| LEVEL 1: |
10 |
15 |
| LEVEL 2: |
10 |
15 |
| LEVEL 3: |
20 |
30 |
| LEVEL 4: |
20 |
30 |
| LEVEL 5: |
10 |
15 |
| LEVEL 6: |
10 |
15 |
| LEVEL 7: |
0 |
0 |
| BlueChip Rands per Level 7 Levels |
| Level |
Silver |
Elite |
| LEVEL 1: |
10 |
15 |
| LEVEL 2: |
10 |
15 |
| LEVEL 3: |
10 |
15 |
| LEVEL 4: |
20 |
30 |
| LEVEL 5: |
10 |
15 |
| LEVEL 6: |
10 |
15 |
| LEVEL 7: |
10 |
15 |
| Short term insurance |
| Level |
% of commission to BlueChip |
| LEVEL 1: |
10% |
| LEVEL 2: |
10% |
| LEVEL 3: |
10% |
| LEVEL 4: |
10% |
| LEVEL 5: |
10% |
| LEVEL 6: |
10% |
| LEVEL 7: |
20% |
Q: When are commissions paid?
Commissions are paid the last day of the month.
Q: How are commissions paid?
Commissions are paid directly into your bank account.
Q: What would happen if a premium is not paid
due to insuffient funds in bank account?
The computer will recognise it as unpaid and this information
is then available for you to view by the 15th of that month. An
"unpaid" search of your down line will reveal all "unpaids" for
the month. The policy holder will then be able to rectify the situation
up until the 20th of that month. If not rectified, he/she will be
deleted from the system and their position in the hierarchy will
be lost
Q: What happens if somebody dies?
Should death occur, the family should contact KGA immediately at 021 944 6300.
A claim form should be obtained and completed and a certified copy
of the death certificate attached.
Q: Could my family inherit my down line and
commission?
There must be a legal Will and Testament in place in which the deceased
IA has bequeathed his/her down line and commission to his/her family.
Q: Can I sell my down line as a going concern?
A session form in duplicate, must be completed. Two 50 cent revenue
stamps must be attached to it and signed by all parties concerned.
This must then be sent to BlueChip by registered post. The new owner
must then apply for the position of IA.
Q: Who can I phone for more details in connection
with BlueChip?
If your upliner cannot help you or you could not find the answer
to your question on the computer in theFAQ section, you could e-mail
your question to BlueChip at support@bchip.co.za
or go to the "support" facility at the bottom of the FAQ and
e-mail us directly and it would be dealt with as soon as possible.
Q: Can I cancel my policy and after how long
can I again become an IA?
Yes, you can cancel your policy or membership at any stage by faxing
or posting us a signed letter stating member ID, name, address,
contact telephone numbers and bank account number the debitorder
was deducted from. There is a 30 day cancellation period from date
that the cancellation request has been received. You will also loose
your position in the hierarchy of the network.
You can again apply after three months to become an IA.
Q: May I have more than one policy?
Yes or you may increase your cover whenever you want. This must
be on your existing number.
Q: Is BlueChip a pyramid scheme?
No, for the following reasons:
- here is a product involved that is sold to an end-user.
- Only pays out seven levels.
- You can earn more than the person above you if you work harder.
Q: Is there an annual escalation of premiums?
No. BlueChip has in the past eight years not increased their premiums.
Although there has been no increases, BlueChip still reserves
the right to adjust premiums to their decretion if necessary.
Q: Is there a cooling off period in which I
can cancel my policy?
Yes, 30 days from date of purchase.
Q: Who can join BlueChip Short-Term?
Anybody who already has, or wants to take out short-term (car
and household) insurance
Q: How do I join BlueChip Short-Term Insurance?
- Go to www.bchip.co.za
- Click on "Join"
- Follow the instructions until you get your "Member ID"
- Click on "Products" and select "Short-Term Insurance"
- Click on "Submit" at the bottom of the page
- Open the link to Broker's Note and complete the form and fax
to Fax: 086 608 0868 or Tel (021) 704 2744 / 704 1024
Q: Will my short-term insurance cover change
if I join?
No. Your cover will remain the same unless you instruct Stephen Small & Associates CC to make changes.
Q: Will my monthly premium change?
Your monthly premium will:
- remain the same, or:
- reduce, or:
- in the unlikely event of a premium increase, you will be contacted
personally to discuss the changes and get your consent.
Who do I contact if I have a short-term insurance claim?
Stephen Small & Associates CC Fax 086 608 0868 or Tel (021) 704 2744 / 704 1024 or email to stephen@ssmall.co.za.
Q: Is there a chance that I could pay a double
premium on changeover?
Not at all. The insurance companies do the debitorder deductions
and the commission is only paid over to Stephen Small & Associates CC FSP No. 19026.
Q: When will I start receiving my monthly rebates?
One month after the deduction of your referral's first premium.
Q: For how long will I receive monthly rebates?
For as long as your referrals pay their monthly premiums, remain
members of Bluechip and use Stephen Small & Associates CC FSP No. 19026 as Broker.
Q: Is there a limit to the monthly amount that
I can receive as rebate?
No. The more people you refer, the more you earn.
Q: Is the monthly rebate based on a percentage
of the premium or the broker-commission?
A percentage of the commission.
Q: How secure is my information on the Internet?
The information on this site is secure and can only be accessed
by registered members via the correct combination of member ID and
password. In addition the BlueChip web site is encrypted using 256bit SSL encyption from Thawte. To view this certificate, click here.
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