Page 38 - Insurance Times April 2017 Special Issue on Newindia

31 to 40 20 under this plan. The units purchased in the investment
fund is the monetary amount allocated to the investment
41 to 50 Higher of (Policy
fund divided by its then prevailing NAV per unit.
Term /2 or 15)
3. Regular/Single Premium Fund Value is equal to the
51 to 60 Higher of (Policy
Term /2 or 10) number of units pertaining to Regular/Single premiums
allocated to the investment fund/s multiplied by its
AP is Annualised Premium
then prevailing NAV per unit Top-up Premium Fund
selected by the policyholder
Value, if any, is equal to the number of units pertaining
at the inception of the policy,
to Top-up premiums allocated to the investment fund/
excluding the service tax
s chosen by you multiplied by its then prevailing NAV
per unit.
Important aspects
4. Total Fund Value under this plan is the total of Regular
1. Total Sum Assured under the plan is the total of Basic / Single Premium Fund Value and Top-up Premium
Sum Assured and Top-up Sum Assured.
Fund Value, if any. The Fund Value represents the total
2. The Regular / Single premium and any Top-up premium value of your investments to date and is the balance
net of premium allocation charge will be used to of all units allocated to the investment fund/s multiplied
purchase units in the various investment fund/s offered by its then prevailing NAV per unit. 

Royal Sundaram launches policy for two wheelers
Royal Sundaram General Insurance Co. Limited, India's first private sector general insurance company has launched
the 'Two Wheeler Long Term Package Policy'. The product offers extended protection for a period of 2 or 3 years upon
payment of a single premium unaffected by the annual rate hike. The Two Wheeler Long Term Package Policy will
cover accidental loss or damage to the two wheelers and also covers liability to third parties and personal accidental
cover. Commenting on the launch of the new product, M.S. Sreedhar, Managing Director, Royal Sundaram General
Insurance Co. Limited said, "We believe in constant innovation and elevating the customer experience. With the re-
cent introduction of the long-term motor policy, we are confident that more vehicles will be insured by 2020 thereby
bringing more number of uninsured vehicles under cover and also improve penetration." S. Thirunavukarasu, Country
Head, Underwriting and Claims (motor), Royal Sundaram General Insurance Co. Limited said, "As per industry projec-
tions, it is estimated that 75% of two wheeler users do not renew their insurance regularly. While no two-wheeler can
be purchased without buying an insurance policy, the policies are discontinued mostly upon resale of vehicles."

Insurance Quiz

1. Reliance General Insurance has entered into a bancassurance tie-up with ___________.
2. How many Scale 1 officers is General Insurance Corporation of India recruiting?
3. IRDAI has given initial approval to ______________ owned by Canada-based Indian billionaire Prem Watsa.
4. Life Insurance Corporation of India has sown as impressive _______% jump in profits which amounts to
about Rs 16,000 crore from equity sales.
5. Vakrangee Limited has tied up with which health insurance company for distribution of health insurance
products?
6. ______________ has launched an exclusive data-led group term insurance plan with HDFC Life.
7. Lloyds Banking Group has taken a _____ hit for mis-selling payment protection insurance (PPI), swelling what
was already the banking sector's biggest bill for the scandal.
The answers of the quiz are from this issue itself. Just go through our journal and you will find the answers. Send your
answers by Email to insurance.kolkata@gmail.com and you can get a chance to win an attractive gift. The gift will be
offered to the person giving all the correct answers. If we receive more than one entry with all correct answers the name
of winner will be drawn from lottery. The last date of receipt of entry is 25th April, 2017.
So Hurry and Submit your entry at the earliest !!!!

38 The Insurance Times, April 2017

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