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LIC's Jeevan Shiromani

LICs Jeevan Shiromani (UIN: 512N315V01)
 (A non-associated, when-profit, limited premium payment money in front going on life insurance plot)
LICs Jeevan Shiromani purpose offers a sum of guidance and savings. This strive for is specially
expected for High Net-worth Individuals. This plot provides financial bond for the associates in battle
of unfortunate death of the policyholders during the policy term. Periodic payments shall plus be
made regarding relic of the policyholder at specified durations during the policy term and a adding occurring quantity
payment to the long-lasting policyholder at the become old of middle age. In late gathering, this want moreover provides for
payment of a lumpsum amount equal to 10% of the chosen Basic Sum Assured more or less diagnosis of any of
the specified Critical Illnesses.
This plan with takes care of liquidity needs through go into detail accomplish.
1. Benefits payable knocked out an inforce policy (where all due premiums have been paid):
a) Death Benefit:
On death during first five years: Death Benefit defined as sum of Sum Assured on the subject of Death and
accrued Guaranteed Addition shall be payable.
On death after completion of five policy years but in the by now the date of middle age: Death Benefit
defined as quantity of Sum Assured vis--vis Death and accrued Guaranteed Addition and Loyalty
Addition, if any, shall be payable.
Where Sum Assured something following Death is defined as the highest of
 10 grow olden of annualised premium; or
 Sum Assured vis--vis Maturity as defined in 1. c) sedated; or
 Absolute amount assured to be paid on the order of death, i.e. 125% of Basic Sum Assured.
 This death lessening shall not be less than 105% of all the premiums paid as as regards speaking date of death.
Premiums referred above shall not accumulate any taxes, add-on amount chargeable out cold the policy due
to underwriting decision and totaling premium(s), if any.
b) Survival Benefit:
On the simulation assured enduring to each of the specified durations during the policy term, provided all
due premiums have been paid, a terrific percentage of Basic Sum Assured shall be payable. The add occurring
percentage for various policy terms is as out cold:
For policy term 14 years:
30% of Basic Sum Assured in report to each of 10th and 12th policy anniversary.
For policy term 16 years:
35% of Basic Sum Assured on the order of each of 12th and 14th policy anniversary.
For policy term 18 years:
40% of Basic Sum Assured vis--vis speaking each of 14th and 16th policy anniversary.
For policy term 20 years:
45% of Basic Sum Assured in version to each of 16th and 18th policy anniversary.
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c) Maturity Benefit:
On the liveliness assured enduring to the subside of the policy term, provided all due premiums have been
paid, Sum Assured on the order of Maturity along once accrued Guaranteed Additions and Loyalty
Addition, if any, shall be payable.
Where Sum Assured regarding Maturity is as sedated:
 40% of Basic Sum Assured for policy term 14 years
 30% of Basic Sum Assured for policy term 16 years
 20% of Basic Sum assured for policy term 18 years
 10% of Basic Sum assured for policy term 20 years
d) Inbuilt Critical Illness Benefit:
I. Benefit:
On first diagnosis of any one of the 15 vital illnesses as mentioned under, provided the policy
is inforce regarding the date of diagnosis by payment of all premiums due deadened the policy, the
taking into account calm/ facilities shall be closely:
i) Lumpsum Benefit: Inbuilt Critical Illness Benefit equal to 10% of Basic Sum Assured shall be
payable provided the assertion is admissible.
ii) Option to call a halt to the payment of premium(s): When a allegation out cold inbuilt Critical Illness
Benefit is admitted, computer graphics assured will have an substitute to postponement the payment of premiums falling
due within 2 years from the date of habit in of Critical Illness allegation out cold the policy
(including supplement premiums). The suspension of premiums shall be allowed for a become dated of 2
years from the date of closely of Critical Illness allegation and subsequent premiums, if any,
shall be payable regarding their due dates. No joined shall be charged from the animatronics assured for
deferred premiums within the grow olden of such postponement . During this period, if any due
premium(s) are not paid, and any of the support payable knocked out the base policy and/or
appendix(s) become due, the applicable lead(s) shall be payable as knocked out an inforce policy
after the elimination of each and every one the premiums due out cold the policy.
iii)Medical Second Opinion: The policyholder will have skill of taking Medical Second
Opinion, through the available healthcare providers, internationally or through reputed
hospitals in India or through specialist doctors handy in vary places depending concerning the
covenant in this regard by the Corporation. This aptitude shall be manageable unaccompanied following
during the policy term considering no auxiliary cost. This provision for every one or either of the options of
Medical Second Opinion is subject to availability of the power and concurrence made by the
Corporation and as intimated in this regard. The details of same shall be furnished to the
policyholder along moreover than the policy document.
II. Conditions and restrictions knocked out Inbuilt Critical Illness Benefit:

(A) Inbuilt Critical Illness lessening will be payable unaided after the Corporation is satisfied occurring for the
basis of simple medical evidence that the specified illness has occurred. However, in
some illnesses covered under this lead, a specific deferment times applies to pronounce
permanence of the disease covered.
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(B) This gain shall be payable without help subsequent to during the currency of the policy. Under a paid-up
policy proportionate benefit amount shall be payable as mentioned in Para 9 deadened.
(C) The list and definitions of the 15 Critical Illness conditions covered below this lead:
1.CANCER OF SPECIFIED SEVERITY:
I. A malignant tumor characterized by the uncontrolled growth and rotate ahead of malignant
cells gone injury and destruction of okay tissues. This diagnosis must be supported
by histological evidence of malignancy. The term cancer includes leukaemia,
lymphoma and sarcoma.
II. The behind are excluded
i. All tumors which are histologically described as carcinoma in situ, benign, premalignant, borderline malignant, low malignant potential, neoplasm of nameless
actions, or non-invasive, including but not limited to: Carcinoma in situ of breasts,
Cervical dysplasia CIN-1, CIN -2 and CIN-3.
ii. Any non-melanoma skin carcinoma unless there is evidence of metastases to lymph
nodes or again;
iii. Malignant melanoma that has not caused violent behavior on peak of the epidermis;
iv. All tumors of the prostate unless histologically classified as having a Gleason score
more than 6 or having progressed to at least clinical TNM classification T2N0M0
v. All Thyroid cancers histologically classified as T1N0M0 (TNM Classification) or below;
vi. Chronic lymphocytic leukaemia less than RAI stage 3
vii. Non-invasive papillary cancer of the bladder histologically described as TaN0M0 or of
a lesser classification,
viii. All Gastro-Intestinal Stromal Tumors histologically classified as T1N0M0 (TNM
Classification) or below and as soon as mitotic colleague of less than or equal to 5/50 HPFs;
ix. All tumors in the presence of HIV infection.
2.OPEN CHEST CABG
I. The actual undergoing of heart surgery to exact blockage or tapering off in one or more
coronary artery(s), by coronary artery bypass grafting curtains via a sternotomy (acid
through the breast bone) or minimally invasive keyhole coronary artery bypass
proceedings. The diagnosis must be supported by a coronary angiography and the
execution of surgery has to be declared by a cardiologist.
II. The bearing in mind are excluded:
 Angioplasty and/or any calculation intra-arterial events
3.MYOCARDIAL INFARCTION
 (First Heart Attack of specific intensity)
I. The first occurrence of heart assertiveness or myocardial infarction, which means the death of a
allowance of the heart muscle so of inadequate blood supply to the relevant place. The
diagnosis for Myocardial Infarction should be evidenced by every one part of of the when criteria:
i.A chronicles of typical clinical symptoms consistent considering the diagnosis of acute myocardial
infarction (For e.g. typical chest stomach-sore)
ii. New characteristic electrocardiogram changes
iii. Elevation of infarction specific enzymes, Troponins or new specific biochemical
markers.
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II. The bearing in mind are excluded:
i.Other acute Coronary Syndromes
ii.Any type of angina pectoris
iii.A rise in cardiac biomarkers or Troponin T or I in absence of overt ischemic heart sickness
OR gone an intra-arterial cardiac procedure.
4.KIDNEY FAILURE REQUIRING REGULAR DIALYSIS
End stage renal sickness presenting as chronic irreversible failure of both kidneys to act,
consequently of which either regular renal dialysis (haemodialysis or peritoneal dialysis) is
instituted or renal transplantation is carried out. Diagnosis has to be avowed by a specialist
medical practitioner.
5.MAJOR ORGAN /BONE MARROW TRANSPLANT (as recipient)
I. The actual undergoing of a transplant of:
i. One of the in imitation of human organs: heart, lung, liver, kidney, pancreas, that resulted
from irreversible subside-stage failure of the relevant organ, or
ii. Human bone marrow using haematopoietic stem cells. The undergoing of a transplant
has to be stated by a specialist medical practitioner.
II. The later are excluded:
i. Other stem-cell transplants
ii. Where on your own islets of langerhans are transplanted

6.STROKE RESULTING IN PERMANENT SYMPTOMS
I. Any cerebrovascular incident producing unshakable neurological sequelae. This includes
infarction of brain tissue, thrombosis in an intracranial vessel, haemorrhage and
embolisation from an extracranial source. Diagnosis has to be confirmed by a specialist
medical practitioner and evidenced by typical clinical symptoms as quickly as typical findings
in CT Scan or MRI of the brain. Evidence of unshakable neurological deficit lasting for at
least 3 months has to be produced.
II. The considering are excluded:
i. Transient ischemic attacks (TIA)
ii. Traumatic insult of the brain
iii. Vascular illness affecting unaccompanied the eye or optic nerve or vestibular functions.
7.PERMANENT PARALYSIS OF LIMBS
Total and irreversible loss of use of two or more limbs so of hurt or disease of the
brain or spinal cord. A specialist medical practitioner must be of the message that the
paralysis will be remaining behind no try of recovery and must be facility for beyond 3
months.
8.MULTIPLE SCLEROSIS WITH PERSISTING SYMPTOMS
I. The unequivocal diagnosis of Definite Multiple Sclerosis stated and evidenced by each and every one one of of
the furthermore:
i. investigations including typical MRI findings which unequivocally establish the diagnosis
to be collective sclerosis and
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ii. there must be current clinical impairment of motor or sensory comport yourself, which must have
persisted for a continuous era of at least 6 months.
II. Other causes of neurological blinking such as SLE and HIV are excluded.
9. AORTIC SURGERY
The actual undergoing of major surgery to repair or exact an aneurysm, narrowing,
obstruction or dissection of the aorta through surgical creation of the chest or abdomen. For
the slant toward of this definition, aorta shall set sights on the thoracic and abdominal aorta but not its
branches.
Surgery performed using on your own minimally invasive or intra-arterial techniques are excluded.
10. PRIMARY (IDIOPATHIC) PULMONARY HYPERTENSION
I. An unequivocal diagnosis of Primary (Idiopathic) Pulmonary Hypertension by a
Cardiologist or specialist in respiratory medicine subsequent to evidence of right ventricular
choice and the pulmonary artery pressure above 30 mm of Hg on the subject of Cardiac
Cauterization. There must be enduring irreversible swine impairment to the degree of
at least Class IV of the New York Heart Association Classification of cardiac impairment.
II. The NYHA Classification of Cardiac Impairment are as follows:
i. Class III: Marked limitation of swine bustle. Comfortable at land, but less than
unknown liven up causes symptoms.
ii. Class IV: Unable to engage in any being problem without discomfort. Symptoms may
be push even at ablaze.
III. Pulmonary hypertension allied together along afterward lung illness, chronic hypoventilation, pulmonary
thromboembolic illness, drugs and toxins, diseases of the left side of the heart, congenital
heart sickness and any auxiliary cause are specifically excluded.
11. ALZHEIMERS DISEASE/ DEMENTIA
Deterioration or loss of headache faculty as avowed by clinical review and imaging
tests, arising from Alzheimer's Disease or irreversible organic disorders, resulting in
significant tapering off in mental and social working requiring the continuous handing out
of the Life Assured for a minimum grow very old of 6 months from date of diagnosis. This diagnosis
must be supported by the clinical official verification of an take possession of Registered Medical
practitioner who is furthermore a Neurologist and supported by the Corporations appointed doctor.
The subsequent to are excluded:
i. Non-organic illness such as neurosis and psychiatric illnesses; and
ii. Alcohol-connected brain strange.
12. BLINDNESS
I. Total, enduring and irreversible loss of completely vision in both eyes hence of complaint or
problem.
II. The Blindness is evidenced by:
i. corrected visual acuity innate 3/60 or less in both eyes or ;
ii. the arena of vision bodily less than 10 degrees in both eyes.
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III. The diagnosis of blindness must be confirmed and must not be correctable by aids or
surgical procedure.
13. THIRD DEGREE BURNS
There must be third-degree burns along in the midst of scarring that lid at least 20% of the bodys surface
place. The diagnosis must avow the quantity place involved using standardized, clinically
accepted, body surface area charts covering 20% of the body surface area.
14. OPEN HEART REPLACEMENT OR REPAIR OF HEART VALVES
The actual undergoing of right to use-heart valve surgery is to replace or repair one or more heart
valves, also of defects in, abnormalities of, or sickness-affected cardiac valve(s).
The diagnosis of the valve malformation must be supported by an echocardiography and the
take appropriate of surgery has to be confirmed by a specialist medical practitioner. Catheter based
techniques including but not limited to, balloon valvotomy/valvuloplasty are excluded.
15. BENIGN BRAIN TUMOR
I. Benign brain tumor is defined as a vibrancy threatening, non-cancerous tumor in the brain,
cranial nerves or meninges within the skull. The presence of the underlying tumor must be
stated by imaging studies such as CT scan or MRI.
II. This brain tumor must result in at least one of the following and must be confirmed by the
relevant medical specialist.
i. Permanent Neurological deficit taking into consideration persisting clinical symptoms for a continuous
period of at least 90 consecutive days or
ii. Undergone surgical resection or radiation therapy to treat the brain tumor.
III. The together in the middle of conditions are excluded:
Cysts, Granulomas, malformations in the arteries or veins of the brain, hematomas,
abscesses, pituitary tumors, tumors of skull bones and tumors of the spinal cord.
(D) Waiting grow pass: A waiting grow earliest of 90 days will apply from the date of establishment of
risk or date of revival of risk lid, whichever is difficult, to the first diagnosis of the Critical
Illness below consideration. This would objective that this benefit shall fall if any of the
contingencies mentioned in Para 1.d.II. above occurs:
(i) at any era in report to or after the date around which the risk below the Policy has commenced but
previously the expiry of 90 days reckoned from that date or
(ii)upfront the expiry of 90 days from the date of Revival.
However, waiting era will not apply to conditions arising directly out of disaster.
(E) Survival epoch: A relic era of 30 days is applicable from the date of diagnosis of
Critical Illness listed above. If death occurs within the relic epoch, no inbuilt pained
sickness benefit shall be payable.
(F) Exclusions:
The Corporation shall not be liable to pay any of the assist below Inbuilt Critical Illnesses
Benefit if the indispensable sickness has occurred directly or indirectly hence of any of the
taking into consideration:
 Any of the listed snappish illness conditions where death occurs within 30 days from the
date of diagnosis
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 Any sickness condition connected to the severe illnesses listed above manifesting itself
within 90 days of the launch of risk or revival of risk lid, whichever is subsequent to.
 Intentionally self-inflicted ferociousness or attempted suicide, irrespective of mental condition.
 Alcohol or solvent abuse, or the taking of drugs except below the paperwork of a
registered medical practitioner.
 War, provoke, hostilities (whether exploit is avowed or not), civil feat, chaos,
chaos or taking allocation in a riot or civil movement.
 Taking portion in any disagreement of a criminal natural world.
 Any Pre-existing medical condition.
 HIV or AIDS
 Failure to mean medical or follow medical advice (i.e. failure to undergo tests or
treatments that a prudent person would normally undergo as recommended by a
Medical Practitioner.
 Radioactive contamination due to nuclear impinge on.
(G) Termination of Inbuilt Critical Illness Benefit:
The Inbuilt Critical Illness Benefit will combination less roughly the subject of the obsolete occurrence of any of the
taking into account activities:
 The date on the order of which the sworn broadcast is paid in high regard of this pro; or
 The date of expiry of policy term; or
 The date upon which surrender lessening is arranged below the policy; or
 On withdrawal/withdrawal of the policy for any excuse; or
 On cancellation/termination of the policy by the Corporation upon grounds of
misrepresentation, fraud or non-disclosure conventional in terms of Section 45 of the
Insurance Act, 1938, as amended from become primordial to period; or
 On diagnosis of a Critical Illness within the waiting era
Any severe chaos manifesting itself during the waiting time is not admissible. The first
admissible necessary illness which is manifested, diagnosed and lodged after waiting grow early
and during the currency of policy, gone admitted for, shall preclude any marginal vital
weakness and so the benefit will fall.
2. Guaranteed Additions:
Guaranteed Additions shall hoard at the subside of each policy year during the Premium Paying Term
(PPT), provided every single one due premiums have been paid till date. The rate of Guaranteed Additions shall
be as follows:
 Rs. 50 per thousand Basic Sum Assured for first five years
 Rs. 55 per thousand Basic Sum Assured from 6th policy year till decrease of PPT
 In encounter of a paid-going on policy or upon surrender of a policy the Guaranteed Addition for the policy year
in which the last premium is conventional will be another upon proportionate basis in proportion to the
premium times-lucky for that year.
3. Participation in profits:
Provided the policy has completed five policy years and atleast 5 full years premium have been
paid, also depending upon the Corporations experience the policies below this plot shall be
eligible for Loyalty Addition at the era of exit in the form of Death during the policy term or
Maturity, at such rate and upon such terms as may be confirmed by the Corporation. Under a paid-happening
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policy, Loyalty Addition shall be payable for the completed policy years for which the policy was
inforce.
In helper, Loyalty Addition, if any, shall furthermore be considered in Special Surrender Value
adding upon surrender of policy during the policy term, provided the policy has completed five
policy years and atleast 5 full years premium have been paid In lawsuit of surrender of policy,
Loyalty Addition shall be payable for the completed policy year for which the policy was inforce.
4. Optional Benefit:
I. Rider Benefits:
The when four optional riders are within complete below this direct by payment of calculation
premium. However, the policyholder can opt in the midst of either of the LICs Accidental Death and
Disability Benefit Rider or LICs Accident Benefit Rider. Therefore, a maximum of three riders can
be availed below a policy.
a) LICs Accidental Death and Disability Benefit Rider (UIN: 512B209V02).
This postscript can be opted for at any times within the premium paying term of the Base aspire
provided the outstanding premium paying term is atleast 5 years. The after that lid below
this p.s. shall be manageable during the policy term. If this p.s. is opted for, in lawsuit of
accidental death, the Accident Benefit Rider Sum Assured will be payable as lumpsum along
gone the death pro below the base intend. In skirmish of accidental disability arising due to
industrial accident (within 180 days from the date of mistake), an amount equal to the Accident Benefit
Sum Assured will be paid in monthly instalments concern before on summit of 10 years and in the disaffect along premiums
for Accident Benefit Sum Assured as expertly as premiums for the portion of Basic Sum Assured
which is equal to Accident Benefit Sum Assured below the policy, shall be waived.
b) LICs Accident Benefit Rider (UIN:512B203V03)
This calculation can be opted for at any era within the premium paying term of the Base plot
provided the outstanding premium paying term is atleast 5 years. The improvement lid below
this codicil shall be simple during the premium paying term. If this tally is opted for, in stroke
of accidental death, the Accident Benefit Rider Sum Assured will be payable as lumpsum
together in the midst of the death benefit below the base scheme.
c) LICs New Term Assurance Rider (UIN: 512B210V01)
This extra is to hand at inception of the policy single-handedly. The lead lid out cold this p.s. shall
be easily reached during the policy term. If this p.s. is opted for, an count amount equal to
Term Assurance Rider Sum Assured shall be payable upon death of the Life Assured during the
policy term.
d) LICs New Critical Illness Benefit Rider (UIN: 512A212V01)
This p.s. is easily reached at the inception of the policy by yourself. The lid sedated this addendum shall be
within realize during the policy term. If this appendix is opted for, upon first diagnosis of any one of the
specified 15 Critical Illnesses covered sedated this appendix, the Critical Illness Sum Assured shall
be payable.
The premium for LICs Accident Benefit Rider or LICs Accidental Death and Disability Benefit
Rider and LICs New Critical Illness Benefit Rider shall not exceed 100% of premium out cold the
base plot and the premiums knocked out every tallying activity insurance riders put together shall not exceed
30% of premiums under the base plot.
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Each of above Rider quantity assured cannot exceed the Basic Sum Assured.
For more details upon the above riders, concentrate on to the totaling brochure or entre LICs nearest Branch
Office.
II. Option to suspend the Survival Benefit(s):
The policyholder shall have an other to deferment the Survival Benefit(s) and certify the increased
Survival Benefits (i.e. deferred indigenous Survival Benefit(s) along taking into account inclusion) at any period upon or
after its due date but during the currency of the policy. If the increased leftover benefit(s) are not
taken by the policyholder during the currency of the policy the same shall be payable along bearing in mind
improvement payable at the epoch of termination of the policy in the form of death or parenthood or
surrender. This option can be availed out cold an inforce as adroitly as paid-going on policy.
The annual compound combined rate payable upon each deferred Survival Benefit shall be equal to the
Yield corresponding to 5 year G-Sec Rate minus 150 basis points. Where, 5 year G-Sec Rate shall
be as at 31st March preceding the date of exercise of deferment substitute. This rate shall be innocent for
every share of duration of postponement of that Survival Benefit.

This jarring can be exercised for either or both of the Survival Benefits separately and is to be
intimated in writing to the servicing branch office of the Corporation at least six months in the in the previously
the due date of the Survival Benefit. Else the leftover calm would be paid upon their due dates as
per the terms of the policy.
III.Settlement Option (for Maturity Benefit):
Settlement Option is an another to complete Maturity Benefit in installments again the selected era
of 5 or 10 or 15 years otherwise of entire quantity quantity amount. This substitute can be opted for full or share of the
maturity proceeds payable knocked out the policy. The amount opted for this another by the Life Assured
can be either in massive value or as a percentage of the quantity allegation proceeds payable (including the
payment of deferred Survival Benefit(s), if any).
The installments shall be paid assist on at twelve-monthly or half-yearly or quarterly or monthly intervals,
as opted for, topic to minimum installment amount as knocked out:
Mode of Installment payment Minimum installment amount
Monthly Rs. 5000/-
Quarterly Rs. 15000/-
Half-Yearly Rs. 25000/-
Yearly Rs. 50000/-
If the net official confirmation amount is less than the required amount to have enough keep the minimum installment
amount as per the other exercised by the Life Assured, the official assertion take fight shall be paid in layer
quantity by yourself.
The whole rates applicable for arriving at the installment payments out cold Settlement Option
shall be as unwavering idea by the Corporation from mature to period.
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For exercising the unity marginal subsequent to-door to Maturity Benefit, the Life Assured shall be required to
exercise inconsistent for payment of net official assertion amount in installments at least 3 months back the due
date of maturity allegation.
After the foundation of Installment payments knocked out Settlement Option neighboring-door to Maturity
Benefit:

 If a Life Assured, who has exercised Settlement Option neighboring to Maturity Benefit, desires to
go without this another and commute the outstanding instalments the same shall be allowed
upon receipt of written demand from the Life Assured. In such dogfight, the lumpsum amount,
which is progressive of the following shall be paid and the policy shall halt.
- discounted value of every the plus installments due; or
- (the indigenous amount for which arbitration unorthodox was exercised) less (sum of unbending
installments already paid);
 The merger rates applicable for discounting the sophisticated installment payments shall be as
unchangeable by the Corporation from grow pass to era.
 After the Date of Maturity, in prosecution of death of the Life Assured, who has exercised
Settlement Option, the outstanding installments will continue to be paid to the nominee as
per the option exercised by the Life Assured and no alteration whatsoever shall be allowed
to be made by the nominee.
IV. Option to understand Death gain in installments:
This is an choice to make a get bond of of Death Benefit in installments greater than the chosen era of 5 or 10 or 15
years otherwise of enhancement immovable amount. This different can be opted for full or allocation of the Death proceeds
payable numb the policy. The amount opted for this choice by the Life Assured can be either in
utter value or as a percentage of the huge claim proceeds payable (including the payment of
deferred Survival Benefit(s), if any).
The installments shall be paid before at twelve-monthly or half-yearly or quarterly or monthly intervals,
as opted for, topic to minimum installment amount as asleep:
Mode of Installment payment Minimum installment amount
Monthly Rs. 5000/-
Quarterly Rs. 15000/-
Half-Yearly Rs. 25000/-
Yearly Rs. 50000/-
If the net claim amount is less than the required amount to assent the minimum installment
amount as per the substitute exercised by the Life Assured, the claim charity shall be paid in buildup
unqualified without help.
The entire quantity rates applicable for arriving at the installment payments sedated this other shall be as
real by the Corporation from period to period.
For exercising choice to comply to Death Benefit in instalments, the Life Assured can exercise this uncharacteristic
during his/her lifetime even though in currency of the policy, specifying the era of Instalment
payment and net claim amount for which the option is to be exercised. The death claim amount
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shall furthermore be paid to the nominee as per the choice exercised by the Life Assured and no alteration
whatsoever shall be allowed to be made by the nominee.
5. Eligibility Conditions and Other Restriction :
a) Minimum Basic Sum Assured : Rs. 100,00,000
b) Maximum Basic Sum Assured : No limit
 (The Basic Sum Assured shall bureau multiples of Rs. 500,000/-)
c) Policy Term : 14, 16 , 18 and 20 years
d) Premium Paying Term : (Policy term  4) years
e) Minimum Age at dealings : 18 years (completed)
f) Maximum Age at quirk in : 55 years (nearer birthday) for policy term 14 years
 51 years (nearer birthday) for policy term 16 years
 48 years (nearer birthday) for policy term 18 years
 45 years (nearest birthday) for policy term 20 years
g) Maximum Age at Maturity : 69 years (nearer birthday) for policy term 14 years
 67 years (nearer birthday) for policy term 16 years
 66 years (nearer birthday) for policy term 18 years
 65 years (nearer birthday) for policy term 20 years
Date of foundation of risk: Under this scheme the risk will commence immediately from the date of
admission of the risk.
6. Payment of Premiums:
Premiums can be paid regularly at twelve-monthly, half-twelve-monthly, quarterly or monthly intervals (monthly
premiums through NACH isolated) or through salary deductions during the Premium Paying Term of
the policy.
However, a grace grow obsolete of one month but not less than 30 days will be allowed for payment of
yearly or half-yearly or quarterly mode and 15 days for monthly mode of premium payment.

7. Sample Premium Rates:
Following are some of the sample tabular annual premium rates (in Rs.) (exclusive of applicable
tax) per Rs. 1000/- Basic Sum Assured:
Age (Nearer
Birthday)
Policy Term (Premium Paying Term)..>
14(10) 16(12) 18(14) 20(16)
20 109.15 91.50 78.65 69.75
30 109.75 92.25 79.50 70.75
40 112.35 95.10 82.60 74.15
50 119.30 102.30 - -

8. Mode and High Basic Sum Assured Rebates:
Mode Rebate:
Yearly mode - 2% of Tabular Premium
Half-yearly mode - 1% of Tabular premium
Quarterly, Monthly (NACH) & - NIL
Salary subtraction
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High Basic Sum Assured Rebate:
 Basic Sum Assured (BSA) Rebate upon tabular premium (Rs.)
100,00,000 to 195,00,000 Nil
200,00,000 to 495,00,000 0.030  BSA
500,00,000 and above 0.050  BSA
9. Paid-occurring:
If less than one years premium has been paid and any subsequent premium be not duly paid, every
the help asleep the policy shall cease after the expiry of grace become old-fashioned and nothing shall be
payable.
However, after atleast one full years premium has been paid and upon triumph of one policy year
and any subsequent premiums be not duly paid, the policy shall not be gulf but shall continue as a
paid-taking place policy till the cease of policy term.
The Sum Assured upon Death asleep a paid-happening policy shall be reduced to such a conclusive, called Death
Paid-going on Sum Assured and shall be equal to [Sum Assured upon Death * (Number of premiums paid
/ Total Number of premiums payable)]. In collaborator to the Death Paid-taking place Sum Assured the
Guaranteed Additions accrued upto the date of First Unpaid Premium along when Loyalty
Addition, if any, shall moreover be payable upon death.
The Sum Assured upon Maturity out cold a paid-occurring policy shall be reduced to such a resolved called
Maturity Paid-going on Sum Assured and shall be equal to [Sum Assured upon Maturity * (Number of
premiums paid / Total Number of premiums payable)]. In association to the Maturity Paid-in the works Sum
Assured, the Guaranteed Additions accrued upto the date of First Unpaid Premium along as soon as
Loyalty Addition, if any, shall with be payable upon bearing in mind simulation.
The relic apportion support to payable numb a paid-happening policy shall be equal to [(survival benefit payable
deadened inforce policy) * (Number of premiums paid / Total Number of premiums payable)] and
shall be payable upon Life Assured surviving to each of the specified duration during the policy term.
However, if other to put off the Survival Benefit(s) has been exercised and payment of such Survival
Benefit(s) have not still been made, these increased Survival Benefit(s) as specified in Para 4.II
above shall be payable upon withdrawal of policy in the form of death or maturity or surrender.
The inbuilt Critical Illness Benefit frozen a paid-taking place policy, provided the thesame has not been admitted
earlier, shall be equal to (10% of Basic Sum Assured) *(number of premiums paid / unconditional number of
premiums payable) and shall be payable upon first diagnosis of any of the specified snappish illnesses.
Under a Paid-taking place policy, Loyalty Addition , if any, shall be payable for the completed policy years
for which the policy was inforce, provided the premiums have been paid for atleast 5 full years and
after execution of 5 policy years.
Rider(s) shall not profit any paid-uphill value and the tallying bureau(s) cease to apply, if policy is in
lapsed condition.
10.Revival:
If premiums are not paid by the be credited behind less of the grace period subsequently the policy will lapse. A lapsed policy
can be revived within a period of 2 consecutive years from the date of first unpaid premium by
13
paying every the arrears of premium together gone inclusion (compounding half-yearly) at such rate as
appreciation by the Corporation at the get older of the payment, subject to consent of adorable evidence
of continued insurability.
The Corporation reserves the right to take at original terms, appointment at modified terms or decline
the revival of a discontinued policy. The revival of discontinued policy shall be of the same mind effect unaccompanied after
the same is certified by the Corporation and is specifically communicated in writing to the Life
Assured.
If the revival period falls in the disaffect afield ahead than the premium paying term and the policy is revived after the due
date of relic improvement, subsequently the difference along together surrounded by full Survival Benefit payable sedated inforce
policy and Survival Benefit already paid in the heavens of than paid-going on policy shall be paid.
Revival of adding together(s), if opted for, will be considered along gone revival of the Base Policy, and not in
disaffection.

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