PAY YOUR PLI PREMIUM ONLINE

PAY YOUR PLI PREMIUM ONLINE

PAY YOUR PLI PREMIUM ONLINE

LIFE
INSURANCE AND ENDOWMENT ASSURANCE AND OTHER TYPES OF ASSURANCE


Whole
Life Assurance or Endowment Assurance or Convertible Whole Life Assurance The policy can be made effective by making a monthly payment of premium till the
end of selected term or death of the insured person, whichever is earlier, as
specified in Table I15, 19, II15,16,18,19 and III15,17 respectively of these
rules.   

 GUJARAT TEACHER’S RAJANA NIYAMO

In the case of Endowment Assurance, Policy can also be made effective by
making Quarterly/ Half Yearly/ Yearly payment of premium, as per the model opted
by the insurant at the time of proposal, specified in Tables II-A/ II-B/ II-C,
respectively. 


Anticipated Endowment Assurance and Joint Life Assurance can be
made effective by making a monthly payment of premium till the end of the selected
term or death of the insured person, whichever is earlier, as specified in
Table IV15 and Table V4 respectively of these rules. The monthly payment in
respect of Children Policy shall be regulated by Table VI1 of these Rules.


PAY YOUR PLI PREMIUM ONLINE

Note;-In every case except that of Anticipated Endowment Assurance and Joint Life
Assurance, the maximum number of monthly premiums payable is twelve times the
difference between the age at entry according to which the premium is charged
and the age at which payments are to cease. In case of Anticipated Endowment
Assurance and Joint Life Assurance, the maximum number of monthly premiums
payable is twelve times the selected term.

A policy under this scheme will be available in two
plans, one of 15 years and the other of 20 years term. The minimum age at entry
for both the plans shall be 19 years on the next birthday whereas the upper
age limit shall be 45 years and 40 years for 15 years and 20 years term
respectively. 

PAY YOUR PLI PREMIUM ONLINE

The sum assured under both the plans shall be paid in four installments as given below Table IV & Table X. In case of death of insured at any time during the term of the policy, the full sum assured will be paid along with the accrued bonus without making any adjustment of the periodical survival benefit payments already made.


 Neither any surrender value nor any loan shall be granted for the policy issued under this scheme. No conversion from/to this policy is permissible. In the event of cessation of premium before maturity age, the reduced paid-up assurance will be granted, provided premiums have been paid for not less than three years, only at the date of maturity, that is at the end of stipulated plan term or on the death of the life assured, and no further periodical payments on account of survival benefit will be paid.


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