Page 17 - RBL e book 16-07-2020.cdr

Underwriting Guidelines

Non Medical Grid (RBL)

ULIP and Traditional Plans i n c o
N o me proof

Balic Balic
Premium Value Up to 5 Lakhs
Without TRL With TRL(1-10)

15X 15X
Age
All All
0-35yrs 0-17 1Cr 5 Cr

Non medical 18 - 35 3 Cr 5 Cr
36 - 40 3 Cr 4 Cr
up to 5Cr 41 - 45 2 Cr 4 Cr

46 - 50 2 Cr 3 Cr
51 - 55 1Cr 1Cr
56 - 60 0.5 Cr 0.5 Cr
61 - 65 0.5 Cr 0.5 Cr

Draft. Not to be circulated.

7. House/shop ownership documents
ü The property value should be based on a recent purchase agreement or the value as originally purchased by the owner
ü The property purchase date should not be more than 5 years old
ü Proof of ownership of assets with the value or latest valuation of the property by the bank with proof of continued ownership e.g. one bill within the last 3 months
electricity bills, building maintenance bill, telephone bill, etc.
ü Should be in single name of the applicant
ü Location of house or property: Top 50 cities

Surrogate
6. Bank statement of savings account
ü Bank statement for latest 6 or 12 months
for savings bank account only, duly self- Income
attested, signed and sealed by Relationship
Manager of the bank No income proof
Proof 1. Car ownership
Copy of Car Insurance or Registration of car
ü
ü The vehicle should be registered only for
personal use and not for commercial Requirement for
5. Home/property loan purposes
ü Proof of ownership of the asset with the latest valuation of
the property by the bank with proof of continued ownership ULIP and Traditional Plans
e.g. one bill within the last 3 months electricity bills,
building maintenance bill, telephone bill, etc.
ü Should be in single name of the applicant
ü Loan approval letter from the financial authority showing 2. Credit card limits
the EMI ü Credit card statement of recent 6
months showing monthly credit limits

4. Fixed Deposits 3. Mutual fund portfolio statement
ü Investment should be in the same name of LA, ü Copies of the monthly SIP for past 12 months in
spouse and children can also be considered the name of the insurance applicant
ü Copies of the investment in the name of the ü Investment should be in the name of LA, Spouse
insurance applicant and children

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