RATE BOOKstate life

joint life assurance table 06

joint life assurance table 06

joint 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.

joint 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.

joint 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 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 VALUE;
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:

  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--------------------------

Tags

zahid lar

hard working is key to success

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Close
Back to top button