Page 20 - Life Insurance Today OCTOBER 2017
P. 20

Death and Disability Benefit Rider(UIN: 512B209V01).  For those aged 8 years or more, risk will commence
                                                              immediately.
         The premium for this rider shall not exceed 30% of
         premium under base plan and the rider sum assured shall  Date of vesting under the plan: The policy shall
         not exceed the Basic Sum Assured.                    automatically vest in the Life Assured on the policy
                                                              anniversary coinciding with or immediately following the
         For more details on the above rider, refer to the rider  completion of 18 years of age and shall on such vesting
         brochure or contact LIC's nearest Branch Office.     be deemed to be a contract between the Corporation
                                                              and the Life Assured.
         3. Eligibility conditions and other
                                                              4. Sample Premium Rates:
         restrictions:
                                                              The specimen tabular single premium rates for some of
         a) Minimum Age at entry :       6 years (completed)
                                                              the ages per Rs.1000/- Basic Sum Assured are as under:
         b) Maximum Age at entry :       47  years  (nearest
                                                                Age at entry(Nearest     Tabular Single Premium
                                         birthday)
                                                                     Birthday)                 Rate(Rs.)
         c)  Minimum Basic Sum Assured : 75,000/-                       10                      528.60
         d) Maximum Basic Sum Assured : No Limit                        20                      544.95

             (Basic Sum Assured shall be in multiples of:               30                      561.35
             Rs. 5,000 - if Basic Sum Assured is below Rs. 3,00,000     40                      657.90
             Rs. 20,000 - if Basic Sum Assured is Rs. 3,00,000 and  5. Rebate for High Basic Sum Assured:
             above)
                                                               Basic Sum Assured          Reduction in tabular
         e) Policy Term                  12  years
                                                                                          single premium per Rs.
         f)  Premium payment mode :      Single premium only                              1000/- Basic Sum
                                                                                          Assured
         Date of commencement of risk: In case the age at      Rs. 75000 to Rs. 1,45,000  Nil
         entry of the Life assured is less than 8 years, the risk  Rs. 1,50,000 to Rs. 2,95,000  Rs. 15
         under this plan will commence from one day before the
                                                               Rs. 3,00,000 to Rs. 4,80,000  Rs. 20
         policy anniversary coinciding with or immediately following
                                                               Rs. 5,00,000 and above     Rs. 25
         the completion of 8 years of age.

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          20                                          October 2017                            Life Insurance Today







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