:
This is a with-profits whole of life plan
which provides for annual survival benefit
at a rate of 5½ % of the Sum Assured
after the chosen Accumulation Period.
The vested bonuses in a lump sum are payable
on survival to the end of the Accumulation
Period or on earlier death. Further, the
Sum Assured, along with Loyalty Additions,
if any, is payable on survival to age
100 years or on earlier death.
The plan offers three Accumulation periods
– 10, 15 and 20 years. A proposer
may choose any of them.
Premiums can be paid regularly at yearly,
half-yearly, quarterly or monthly intervals
or through salary deductions over the
Accumulation Period. Alternatively, a
Single Premium can be paid on commencement
of a policy.
The tables below provide tabular premiums
for various age-term combinations for
Rs. 1000/- Sum Assured.
Age |
10
years |
15
years |
20
years |
Up
to 40 years |
109.10
|
71.40
|
51.50 |
41
to 45 years |
109.10
|
71.40
|
53.40
|
46
to 50 years |
109.10
|
73.80
|
56.60 |
51
to 55 years |
111.80
|
77.90 |
- |
56
to 60 years |
116.60 |
- |
- |
Age |
10
years |
15
years |
20
years |
Up
to 46 years
|
756.00
|
644.00
|
548.00
|
47
years
|
756.00
|
644.00
|
549.00
|
48
years
|
756.00
|
644.00
|
552.00
|
49
years
|
756.00
|
644.00 |
555.20
|
50
years
|
756.00 |
644.00 |
558.90
|
51
to 55 years
|
756.00 |
644.00 |
- |
56
to 60 years |
756.00 |
- |
- |
:
Policies under this plan shall participate
in profits of the Corporation. During
the accumulation period policies shall
be entitled to receive simple reversionary
bonuses which will be payable on survival
to the end of the accumulation period
or on earlier death. After the accumulation
period, policies will be entitled to receive
a Loyalty Addition payable on maturity
or earlier death. The amount of simple
reversionary bonus and Loyalty Addition
will depend on the experience of the Corporation.
|
