RATE BOOKstate life

jiont life assurance table 06

jiont life assurance table 06

under this planning, policy are issued on the lives of two persons and simultaneously cover the risk on the lives of both joint life assurance.

policies are issued on the lives of two persons and simultaneously cover the risk on the lives of both for the sum assured joint life endowment assurance.

jiont life assurance table 06

.the sum assured plus bonuses is payable either at the end of the specified term or an earlier death of either of the assured persons.premiums are payable till the end of the specified term or till death of either of the assured persons if earlier.

joint life assurance table 06

 

joint life endowment assurance two separate proposal forms are required to be filled in by each of the persons applying for assurance under this plan joint life endowment assurance. both the persons shall have two undergo required medical examination etc separately.

jiont life assurance table 06

 

the basic rate of a premium given is based on the equal ages of the 2 persons if their ages differ the equal ages will have to be determined as per the uniform seniority table is given below.                      uniform seniority table

when difference between the ages of two lives is————-               deduct from the age of the older life                                   0 to 1 year                                                                          nil                                                                                            2 to 3 years                                                                         one year                                                                                  4 to 6 years                                                                          2years                                                                                       7 to 9 years                                                                        3years                                                                                      10 to 13 years                                                                    4years                                                                                       14 to 17 years                                                                     5years                                                                                       18 to 24 years                                                                   6years                                                                                      25 to 33years                                                                      7years                                                                      supplementary  contract /riders can also be attached for more risk-cover it may be ADB,AIB its advantages written blow                                                                                                                                                ADB–this supplementary contract will provide for payment of an additional amount equal to sum assured in the event of death by accidental means . the rate of premiums for standard risks will be rs 1.25 per thousand of sum assured .its rate will be changed by occupation like farmers its rate is 1.88 and dangerous work like electric or driver its rate 4.50                                                                                                                  AIB–this supplementary contract provides for payment of additional amount equal to the sum assured under the life policy in the event of death by accidental means and also pay one half sum assured will be paid for loss of both eyes sight total disability and at the reduced rate for partial disability will be paid up to 52 weeks

AGE NEAREST BIRTHDAY10 YEARS15 YEARS20 YEARS25 YEARS30 YEARS35 YEARS
20101.8366.9850.2239.3832.3427.58
21101.8867.0550.3139.5032.5027.79
22101.9467.1250.4039.6232.6728.04
23102.0067.2050.5139.7632.8628.31
24102.0767.2950.6239.9133.0728.61
25102.1467.3850.7440.0833.3128.94
26102.2267.4850.8840.2733.5829.32
27102.3067.5951.0340.4833.8829.74
28102.3967.7251.2040.7334.2230.20
29102.5067.8651.4041.0034.6130.72
30102.6168.0151.6141.3035.0431.29
31102.7368.1851.8541.6535.5231.91
32102.8768.3852.1342.0436.0632.61
33103.0368.6052.4442.4836.6633.37
34103.2168.8552.8043.0037.3434.20
35103.4069.1353.2043.5638.0935.12
36103.6369.4453.6644.1938.91------
37103.8869.8154.1844.9139.83----
38104.1770.2354.7845.7240.84----------
39104.5070.7155.4646.6241.95--------
40104.8871.2556.2247.6343.18-------------
41105.3171.8857.0948.74-----------
42105.8072.5958.0849.98-------------------
43106.3773.4159.1851.36----------------
44107.0274.3560.4152,87-------------
45107.7875.4161.7954.54-----------------
46108.6476.6163.32-------------------------
47109.6377.9665.01-------------------------
48110.7679.4766.89---------------------------
49112.0481.1568.95-------------------------
50113.5083.0271.20--------------------------

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