RATE BOOKstate life

progressive premium table 04

Progressive premium  table 04

Progressive premium this is the modified endowment insurance policy which matures at the age of 70 years .the policyholder has, however, an option after 5 years to get the term of the policy reduced,

What does my progressive policy cover?

but the unexpired term of the policy form the date of conversion should not be less than 10 years.

Do progressive rates go up?

if the option is exercised, the future premium will increase and if this option is not exercised

Progressive premium

the policy will automatically mature at the age of 70 years. In the event of exercising the conversion option after 5 years, the policy would be entitled to bonuses on the basis of new term form original commencement date to revised maturity date.

the bonuses itching to the policy in respect of the first 5 years would be adjusted downwards, if necessary.

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 or rider also be attached for more advantagesADB, AIB

ADB— this supplementary contract or rider will provide  for a payment of an additional amount equal to sum assured in the event of death by accidental  means the rate of premium for standard risk will be 1.25 per thousand of sum assured                                                                                                                                     AIB–this supplementary contract or rider provide payment of additional amount equal to the sum assured  under the life policy in the event of death by accidental means and loss of to limbs and sight of both eye one half of measured paid one third of sum assured paid to lose  of one eye one fourth of sum assured paid to loss of thumb and index fingerRS5 per thousand sum assured for total disability and at the reduced  rate of partial disability  will be paid for 53 weeks.

AGE NEAREST BIRTHDAYDURING FIRST 5 YEARS AND THERE AFTER UPTO AGE 70 YEARS IF THE OPTION IS NOT EXERCISED
AFTER 5 YEARS IF OPTION IS EXERCISED
15 YEARS
TOTAL TERM
16 YEARS
17 YEARS18 YEARS19 YEARS
2017.0196.3587.1379.4973.0667.59
2117.5596.0586.8679.2572.8467.38
2218.1195.7686.5979.0072.6167.16
2318.7095.4486.3078.7372.3766.94
2419.3295.1186.0178.4772.1266.71
2519.9794.7685.7178.1871.8666.48
2620.6494.4185.3877.8971.6066.24
2721.3694.0585.0577.6071.3366.00
2822.1193.6684.7077.2871.0565.74
2922.9093.2784.3576.9670.7665.48
3023.7392.8784.0076.6470.4765.22
3124.6092.4583.6376.3170.1864.96
3225.5392.0283.2575.9769.8864.70
3326.5091.5982.8675.6369.5864.43
3427.5491.1482.4775.2969.2864.16
3528.6390.6882.0674.9568.9863.90
3629.8090.2081.6474.6068.6863.65
3731.0389.7181.2374.2468.3863.41
3832.3489.2280.8173.8968.0963.19
3933.7488.7380.4073.5567.8062.97
4035.2488.2379.9873.2167.5562.77
4136.8487.7379.5872.8867.3062.59
4238.5587.2479.2072.5867.0762.43
4340.3986.7578.8172.2866.8562.20
4442.3686.2678.4271.9966.6562.17
4544.4985.7678.0271.7166.4662.05
4646.7985.2677.6671.4366.2761.94
4749.2884.7477.2771.1466.0861.85
4851,9884.2076.8670.8565.8861.74
4954.9283.6176.4070.5165.6361.61
5058.1382.9575.8870.1265.3761.43
AGE NEAREST BIRTHDAYDURING FIRST 5 YEARS AND THEREAFTER UPTO AGE 70 YEARS IF THE OPTION IS NOT EXERCISEDPREMIUM AFTER 5 YEARSIF OPTION IS EXERCISED 20 YEARSTOTAL TERM
21 YEARS
22 YEARS23 YEARS24 YEARS
2017.0162.8658.3554.3850.8547.70
2117.5562.6658.1854.2250.7047.57
2218.1162.4758.0054.0550.5447.43
2318.7062.2757.8153.8850.3847.27
2419.3262.0657.6253.7050.2247.12
2519.9761.8457.4353.5250.0646.97
2620.6461.6257.2353.3449.9046.83
2721.3661.4057.0253.1649.7346.68
2822.1161.1856.8152.9749.5746.54
2922.9060.9556.6052.7949.4046.40
3023.7360.7156.3952.6149.2446.26
3124.6060.4856.1952.4349.1046.13
3225.5360.2555.9952.2648.9646.03
3326.5060.0255.7952.1048.8345.93
3427.5459.7955.6051.9448.7145.84
3528.6359.5755.4251.8148.6045.77
3629.8059.3755.2651.6948.5145.74
3731.0359.1855.1251.5748.4545.71
3832.3459.0155.0051.4948.4345.71
3933.7458.8454.8951.4448.4145.74
4035.2458.7154.8151.4148.4345.81
4136.8458.5854.7551.3948.4645.89
4238,5558.4954.7051.4248.5346.01
4340.3958.4054.6951.4748.6446.17
4442,3658.3654.7051.5348.7746.35
4544.4958.3254.7351.6348.9246.55
4646.7958.3054.7751.7449.0946.79
4749.2858.2854.8251.8649.28--------------
4851.9858.2654.8751.98---------------
4954.9258.2254.92----------------------------
50 58.1358.13-------------------------------------
AGE NEAREST BIRTHDAYDURING FIRST 5 YEARS AND THERE AFTER UP TO AGE 70 YEARS IF THE OPTION IS NOT EXERCISEDPREMIUMS AFTER 5 YEARS IF OPTION IS EXERCISED 25 YEARSTOTAL TERM
26 YEARS
27 YEARS28 YEARS29 YEARS
2017.0144.8742.3039.9837.8635.93
2117.5544.7342.1839.8737.7735.83
2218.1144.6042.0639.7637.6735.74
2318.7044.4741.9439.6537.5735.66
2419.3244.3441.8239.5537.4735.58
2519.9744.2141.7039.4537.3835.50
2620.6444.0841.5939.3537.3035.45
2721.3643.9541.4739.2537.2235.39
2822.1143.8241.3639.1637.1635.34
29 22.9043.7041.2739.0737.1135.31
3023.7343.5941.1839.0237.0735.28
3124.6043.4941.1238.9737.0435.29
3225.5343.4141.0638.9337.0335.31
3326.5043.3341.0238.9337.0635.36
3427.5443.2841.0038.9437.1035.44
3528.6343.2541.0038.9537.1735.54
3629.8043.2441.0339.0337.2635.67
3731.0343.2741.1039.1637.3935.85
3832.3443.3141.1739.2637.5636.04
3933.7443.3841.2839.4137.7536.27
4035.2443.4841.4239.6037.9736.53
4136.8443.6241.6139.8238.2436.84
4238.5543.8041.8240.0938.55---
4340.3943.9942.0640.39-------------
4442.3644.2242.36-----------------------
4544.4944.49------------------------------------------
AGE NEAREST BIRTHDAYDURING FIRST 5 YEARS AND THEREAFTER UP TO AGE70 YEARSIF THE OPTION IS NOT EXERCISEDPREMIUM AFTER 5 YEARSIF OPTION IS EXERCISED
30 YEARS
TOTAL TERM
31 YEARS
32 YEARS33 YEARS34 YEARS
2017.0134.1632.5331.0229.6328.35
2117.5534.0732.4630.9629.5928.32
2218.1133.9832.3930.9129.5828.29
2318.7033.9232.3330.8629.5128.27
2419.3233.8632.2830.8229.4828.26
2519.9733.8032.2230.8029.4728.26
2620.6433.7532.2030.7929.4828.29
2721.3633.7132.1730.7829.5028.34
2822.1133.6832.1830.8029.5428.39
2922.9033.6732.1930.8329.6028.46
3023.7333.6832.2230.8829.6728.56
3124.6033.7232.2730.9729.7828.70
3225.5333.7732.3431.0729.9128.85
3326.5033.8432.4531.2030.0729.04
3427.5433.9432.5931.3630.2629.25
3528.6334.0732.7531.5630.4729.51
3629.8034.2532.9431.7830.7429.80
3731.0334.4533.1632.0431.03-------------
3832.3434.6733.4632.34------------------------
3933.7434.9333.74---------------------------
4035.2435.24------------------------------------
AGE NEAREST BIRTHDAYPREMIUM AFTER 5 YEARS IF OPTION IS EXERCISED
TOTAL TERM
35YEARS
36 YEARS37 YEARS3839 YEARS
2017.0127.1626.0725.0524.1023.23
2117.5527.1426.0625.0524.1223.25
2218.1127.1326.0625.0624.1623.29
2318.7027.1226.0725.0924.2023.35
2419.3227.1426.0925.1224.2523.43
2519.9727.1626.1325.1924.3223.52
2620.6427.2026.2025.2724.4323.64
2721.3627.2526.2725.3624.5323.78
2822.1127.3226,3725.4824.6823.95
2922.9027.4326.4835.6324.8524.14
3023.7327.5626.6425.8025.0424.35
3124,6027.7126.8226.0125.2824.60
3225.5327.9027.0226.2425.53----
3326.5028.1127.2626.50-----------------
3427.5428.3526.50------------------------
3528.6328.63-------------------------
AGE NEAREST BIRTHDAYPREMIUM AFTER 5 YEARS IF OPTION IS
EXERCISED
40 YEARS
TOTAL TERM
40YEARS
41 YEARS42 YEARS43YEARS44 YEARS45 YEARS46 YEARS47 YEARS48 YEARS49 YEARS50 YEARS
2017.0122.4121.6520.9620.3219.7219.1718.6518.1917.7717.3717.01
2117.5522.4521.7221.0320.4119.8219.2918.8018.3517.9217.55---
2218.1122.5121.8021.1320.5219.9419.4319.9518.5118.11------------------
2318.7022.5921.8921.2320.6220.08 19.5819.1318.70---------------------------
2419.3222.6921.9921.3620.7920.2519.7619.32--------------------------------------
2519.9722.7922.1221.5120.9420.4419.97-----------------------------------------------
2620.6422.9322.2821.6821.1320.64------------------------------------------------
2721.3623.0922.4621.8821.36---------------------------------------------------
2822.1123.2822.6022.11--------------------------------------------------------------
2922.9023.4822.90--------------------------------------------------------------------------------

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