RATE BOOKstate life

JEEVAN SATHI PLAN TABLE 19

JEEVAN SATHI PLAN table19

JEEVAN SATHI PLAN.under these plan policies are issued on the 2 lives and simultaneously cover the risk on the lives of both for the sum assured.

JEEVAN SATHI PLAN premium is payable till the end of the specified term or tells death of either of the assured persons, if earlier. the benefits under this plan are as follow

1-on the death of the first life,

the sum assured will be paid to the survivor. further premium under the policy will be waived, but the insurance protection on the 2nd life will continue. also, the policy will continue to participate in the profits of the corporation.

  2-on the death of the 2nd life,

again the sum assured will be paid to the nominee together with the attaching bonuses. in this event, the policy will terminate.

  3-if the 2nd life survives the term of the policy,

he/she will be paid the sum assured together with the attaching bonuses, even though the sum assured has been paid once, on the death of first life.

4-if both lives, survive the term of the policy, the sum assured will be paid to them jointly, on the only once together with the attaching bonuses.

 NOTES

two separate proposal forms are required to be filled in by each of the lives.

both the lives shall have to undergo the required medical examination etc separately.

the basic rates of the premium given are based on the equal ages of both lives.

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 age of two lives Deduct from the age of the older life
0 to 1 years Nill
2 to 3 years 1 years
4to 6 years 2 years
7 t0 9 years 3 years
10 to 13 years 4 years
14 to 17 years 5 years
18 to 24 years 6 years
25 to 33 year 7 years
Loan:

state life may grant a loan to the policyholder on his/her written request, against the net surrender value of the policy. the amount of loan shall not exceed 80% of the said net surrender value. the rate of profit or return and the other terms and conditions will be determined by state life at the time of granting the loan.loans of less then RS will not be given.
the amount of loan together with accrued profit or return will be the first charge on the policy, prior to all other claims.

SURRENDER ;

The policy will acquire a surrender value after it has been in force for at least two consecutive years provided no premiums are in default. The surrender value will be quoted by state life on request of the policyholder. the surrender value is guaranteed to be not less than 30% aggregate premiums.

Claim:

State Life insurance policies provide a wide range of benefits in case of death of the persons covered against them. If your loved one covered under any of State Life has expired, you should lodge a death claim with us. All you have to do is to send a written intimation to the zonal office of State Life servicing the policy against which you are lodging a death claim.

Maturity:

It is a matter of great pleasure that your policy has matured. It is a time to fulfill the goals that you had set years back. For collecting maturity benefits, please send a written request alongwith following documents to your servicing State Life zonal office:

EQUIVALENT AGE NEAREST BIRTHDAY10 YEARS15 YEARS20 YEARS25 YEARS30 YEARS35 YEARS
20103.5768.8852.3541.8235.2731.26
21103.7369.0752.5942.1435.7031.85
22103.8969.2752.8442.4836.1732.50
23104.0769.4953.1342.8636.7133.22
24104.2669.7353.4443.2937.3134.02
25104.4770.0053.8043.7837.9634.88
26104.7070.2954.1944.3238.7435.83
27104.9570.6254.6344.9439.5836.86
28105.2370.9855.1345.6340.5137.97
29105.5371.3955.6946.4141.5439.17
30105.8771.8456.3247.2942.6740.47
31106.2572.3557.0348.2843.9141.86
32106.6872.9357.8549.3945.2643.36
33107.1573.5958.7750.6246.7344.97
34107.6974.3459.8151.9948.33 46.70
35108.3075.1860.9953.5150.0648.55
36108.9976.1462.3355.1751.92----------
37109.7877.2463.8256.9953.94----------
38110.6778.4965.5058.9756.11--------
39111.6979.9267.3761.1458.46---------
40112.8581.5469.4463.5060.98----------
41114.1983.3771.7266.05----------------
42115.7185.4474.2368.82-------------
43117.4687.7776.9871.83-----------------
44119.4690.3679.9875.07----------------
45121.7493.2483.2578.58--------------
46124.3396.4186.81------------------------------
47127.2599.9090.67--------------------------------------
48130.53103.7394.85-------------------------------
49134.17107.8999.37-------------------------------
50138.20112.41104.25-------------------------------

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