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non declinature nd scheme

NON DECLINATURE ND SCHEME

ND__Form
ND__Form

.NON DECLINATURE ND scheme is designed to cater to the financial protection requirements of persons who do not want to fulfill our medical requirements or are unable to fulfill due to their present state of the health.this scheme will be subject to the following terms and conditions.

1-  A policy under ND scheme will not have to meet any underwriting requirements. Although the proposer will be free to decline to answer to any question about his health such answers will be appreciated since will help state life to gather statistics to see how the scheme works.

2- endowment assurance plan table 03 and anticipated endowment assurance plan are available.                   no rider can be attached to a policy issued under ND scheme.                                                                     3- this scheme is available to the person aged 20 or over but not over 58 years.                                                  both males & females.ageproof is required at the time of proposal.
4- ND policies will be charged and ND extra.                                                                                                           5- The usual occupational extra will be charged if the proposer follows a hazardous occupation or takes part in hazardous sports.                                                                                                                                        Suppose the occupation or pastime of the proposer is so hazardous that the proposal would ordinarily be declined if underwritten.
Then under the ND Scheme, it will not be declined. But an appropriate extra premium will be charged to cover the extra hazard.                                                                                                                                                    6- the maximum sum assured available under this scheme is Rs.35 lacs Any existing non-  ND policies will not be counted towards this maximum sum assured.                                                                      7- only annual premium payment mode is available under this scheme.

8-life cover does not start immediately under a policy issued under ND scheme.                                           it will gradually build up to 100% as follows.

A- death in the first policy year;                                                                                                                          payment of sum assured, only if death occurred by accident as defined in the policy. otherwise, no benefit is payable.

B-death in the 2nd policy year;                                                                                                                                payment of sum assured, only if death occurred by accident as defined in the policy otherwise return of the 2nd policy year premium only.

C-death in the 3rd and later policy years;                                                                                                            payment of full sum assured and bonuses as per policy.

9-under ND policies 31 days grace period will be strictly observed.

AGE NEAREST BIRTHDAY SUM INSURED PERANNUM 03TABLE 05
10 15201821
208.008.008.008.008.00
218.008.008.008.008.00
228.008.008.008.008.00
238.008.008.008.008.00
248.008.008.008.008.00
258.008.008.008.008.00
268.008.008.008.008.00
278.008.008.008.008.00
288.008.008.008.008.00
298.008.008.008.008.00
308.008.008.008.008.00
318.008.008.008.008.10
328.008.008.008.008.55
338,008,008,008.008.84
348.008.008.008.069.31
358.008.008.008.459.77
368.008.008.009.1010.60
378.008.008.0010.0011.68
388.008.008.0011.0512.88
398.008.008.5512.2014.15
408.008.009.5013.5315.60
418.008.0010.5314.9417,15
428.008.8811.7316.5518.83
438.009.8813.0518.2820.65
448,1311.0314.5520.1322.60
459.0812.3316,2322.1824.70
4610.1513.8318.0824.4526.95
4711.3815.5020.1326,8829.38
4812.8017.3822.4029.38------------
4914.4019.45--------32.10--------
5016,2021,80-------35.10------
5118.2524.38--------------------------------------
5220.5027.20-----------------------------------------
5323.0030.25-----------------------------------------
5425.70-------------------------------------------
5528.63------------------------------------------------------
5631.73------------------------------------------------------------------------------
5735.08--------------------------------------------------------
5838.65-------------------------------------------------

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