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RURAL LIFE INSURANCE PLAN TABLE 18

RURAL LIFE INSURANCE PLAN.TABLE 18

RURAL LIFE INSURANCE PLAN.TABLE 18 the socio-economic conditions of rural and less developed areas differ considerably for those in main towns and developed areas and therefore needs of insurance also differ. keeping these factors see able a special arrange of insurance has been designed for the inhabitants of the agricultural and fewer developed areas. the salient features of the plan are.Image result for RURAL LIFE INSURANCE

RURAL LIFE INSURANCE PLAN.TABLE 18
1-age at entry and term,
the plan will be available to persons aged 20 years to 55 years .only term 15 and 2oyears will be available.
2-maturity benefits.
on the maturity of the policy—–full sum assured plus bonuses
3- death benefits
on death from any cause ———-full sum assured plus bonuses on death due to an accident——-three times sum assured plus bonuses on death due to an accident———–five-time sum assured plus bonuses caused agricultural equipment,
4- extended reinstatement period.
premiums falling due throughout any periods of failure because of any natural cataclysm floods rain, wind,haildrought, locust, pests etc are accepted among half dozen months of the maturity date at policy reinstated while not proof of health and payment currently fees.
5- automatic non forfeiture.
if the premiums are discontinued after payment of at least 2 years premiums.the policy with automatic premium loan option, be automatically kept in force for a period of 2 years form the first unpaid premium due date.
6- premiums another mode of payment.
half-yearly annual premium multiplied by 0.52
quarterly and monthly not available
REBATES.
premiums are subject to the following rebates for single policy of RS 6000 & over RS 0.50 per thousand for single policy of RS 10000 & over RS 1.00 per thousand for single policy of RS 20000 & over RS 1.50 per thousand for single policy of RS 50000 & over RS 2.00 per thousand for single policy of RS 100000& over RS 3.00 per thousand

NO POLICY FEE IS TO ADDED TO THE TABULAR PREMIUM FOR THIS PLAN

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