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child protection assurance table 07

child protection assurance table o7

policy issue jointly lives of the child and the father .if the father is not alive or his life is not insurable the mother will be issued jointly allowed to be the payor

1-.policy holder subject to any special conditions applicable for female lives, no other relatives etc will be allowed to be payor  if the payor and child both survived the term of the policy the sum assured along with accrued bonuses if any becomes payable

.2-if the payor dies before the maturity of the policy during lifetime of the child the payment of premium ceases and the following benefits become payable .an income of Rs 100 per thousand sums assured per annum till the expiry of the policy term.

3-the assured on the expiry of the policy term inclusive of bonuses if any accrued till the death of the payor. if the child dies during the lifetime of the payor before the maturity of the policy the payment according to the under noted schedule becomes due to the payor.

child protection assurance

age nearest birthday of the assured child at death

1 years 10% of S.A plus 10 % bonus (if any)
2 Years 20 % of S.A plus 20 % bonus (if any)
3 Years 30 % of S.A plus 30 % bonus (if any)
4 Years 40 % of S.A plus 40 % bonus (if any)
5 Years 50 % of S.A plus 50 % bonus (if any)
6 Years 60 % of S.A plus 60 % bonus (if any)
7 Years 70 % of S.A plus 70 % bonus (if any)
8 Years 80 % of S.A plus 80 % bonus (if any)
9 Years 90 % of S.A plus 90 % bonus (if any)
10 years Full sum assured plus full bonus (if any)

child protection assurance

if payment of an additional premium of Rs 1.50 per thousand sum assured is made in cases where the age at entry of the child is 10 years or less the death benefits will be enhanced as follows

1 years 20 % of S.A plus 20 % bonus (if any)
2 Years 40% of S.A plus 40 % bonus (if any)
3 Years 60% of S.A plus 60 % bonus (if any)
4 Years 80 % of S.A plus 80 % bonus (if any)
5 Years Full sum assured plus bonuses (if any)

child protection plan NOTES                                                                                        the proposal form on the life of a player should be completed in the usual manner.payor may be considered  non medically if the case falls within non medical limits.

up to sum assured of RS1,50,000 child will also be considered non medically. medical of the child on the juvenile medical form is necessary if the sum assured

exceeds RS 1.50,000 .this should be submitted duly attached to the proposal of the payor

Age ate entry minimum maximum
Child Six month i.e one year nearest birthday 15 years nearest birthday
payor 20 years nearest birthday 50 years nearest birthday

supplementary contract on payor,s life only:

1-term insurance rider

2-family income benefit(FIB) rider .the annual income under this rider must not less than 10% or more than 40% of the basic sum assured.

3-accidental indemnity (AIB)

4-accidental death benefit (ADB)

5-waiver of premium (wp) or special waiver of premium (SWP) this rider cannot be attached to the child protection policy if AIB is also be attached.

supplementary contract on both lives i.e child & payor.

only accidental death benefit(ADB) can be attached to cover both lives i.e the child and payor provided that the child is 5 years old,on the payment of ADB premium of respect of the lives(child and payor)

the benefit,if any under AIB,ADB,TIR, etc contract if attached to protection policy are payable immediately, subject to submission of due proofs satisfactory to state life.

AGE NEAREST BIRTHDAYTERM OF POLICY
20 YEARS
AGE
21 YEARS
NEAREST
22 YEARS
BIRTHDAY
23 YEARS
OF
24 YEARS
PAYOR
12442.6342.8243.0343.2143.41
1-22344.5644.7444.9245.1045.28
1-32246.6746.8447.0147.1847.35
1-42149.0049.1649.3249.4749.63
1-52051.5851.7351.8852.0252.17
1-61954.1654.3054.4354.5754.70
1-71857.0557.1857.3157.4357.56
1-81760.3360.4560.5760.6860.80
2-91664.0564.1664.2764.3864.49
3-101568.3168.4168.5268.6268.73
4-111473.2373.3373.4273.5173.61
5-121378.9679.0579.1479.2279.31
6-131285.7085.7885.8685.9586.03
7-141193.7493.8293.8993.9794.04
8-1510103.46103.53103.60 103.67103.74
AGE NEAREST BIRTHDAYTERM OF POLICY25 YEARS
AGE
26 YEARS
NEAREST
27 YEARS
BIRTHDAY
28 YEARS
0F
29 YEARS
PAYOR
12443.6043.9444.2844.6244.96
1-22345.4645.7746.0846.4046.71
1-32247.5247.8148.1048.3848.67
1-42149.7950.0650.3250.5950.85
1-52052.3252.5752.8153.0653.30
1-61954.8455.0755.3055.5255.75
1-71857.6957.9058.1158.3258.53
1-81760.9261.1161.3161.5061.70
2-91664.6064.7864.9665.1365.31
3-101568.8368.9969.1669.3269.49
4-111473.7173.8674.0174.1674.31
5-121379.4079.5479.6879.8279.96
6-131286.1186.2486.3786.4986.62
7-141194.1294.2494.3594.4794.58
8-1510103.81103.12104.03104.13104.24
AGE NEAREST BIRTHDAY OF CHILDTERM OF POLICY30 YEARS
AGE
31 YEARS
NEAREST
32 YEARS
BIRTHDAY
33 YEARS
OF
34 YEARS
PAYOR
12445.3045.9346.5647.1947.82
1-22347.0247.6048.1848.7749.35
1-32248.9649.4950.0350.5651.10
1-42151.1251.6152.1052.5953.08
1-52053.5554.0054.4554.9055.35
1-61955.9856.3956.8057.2257.63
1-71858.7459.1259.5059.8760.25
1-81761.8962.2462.5862.9363.27
2-91665.4965.8166.1266.4466.75
3-101569.6569.9470.2370.5170.80
4-111474.4674.7374.9975.2675.52
5-121380.1080.3480.5880.8381.07
6-131286.7586.9787.1987.4187.63
7-141194.7094.9095.1095.3195.51
8-1510104.35104.53104.71104.90105.08
AGE NEAREST BIRTHDAY OF CHILDTERM OF POLICY35 YEARS
AGE
36 YEARS
NEAREST
37 YEARS
BIRTHDAY
38 YEARS
OF
39 YEARS
PAYOR
40 YEARS
12448.4549.6150.7851.9453.1154.27
1-22349.9351.0152.1053.1854.2755.35
1-32251.6352.6453.6454.4555.6556.66
1-42153.5754.5055.4456.3757.3158.24
1-52055.8056.6657.6258.3859.2460.10
1-61958.0458.8359.6260.4161.2061.99
1-71860.6361.3565.0762.8063.5264.24
1-81763.6264.2864.9465.6066.2666.92
2-91667.0767.6768.2868.8869.4970.09
3-101571.0971.6472.1972,7473.2973.84
4-111475.7976.2976.7977.2877.7878.28
5-121381.3181.7682.2182.6783.1283.57
6-131287.8588.2688.6789.0989.5089.91
7-141195.7196.0896.4596.8397.2097.57
8-1510105.26105.60105.93106.27106.60106.94
AGE NEAREST BIRTHDAY OF CHILDTERM OF POLICY41 YEAR
AGE
42 YEARS
NEAREST
43 YEARS
BIRTHDAY
44 YEARS
0F
45 YEARS
PAYOR
12456.29---------------------------
1-22357.2659.17----------------------
1-32258.4660.2662.07------------
1-42159.9361.6263.3265.01-----
1-52061.6963.2764.8666.4468.03
1-61963.4764.9566.4267.9069.38
1-71865.6166.9868.3669.7371.10
1-81768.1969.4670.7372.0073.27
2-91671.2672,4373.6074.7775.94
3-101574.9175.9977.0678.1479.21
4-111479.2680.2481.2382.2183.19
5-121384.4685.3686.2587.1588.04
6-131290.7291.5392.3393.1493.96
7-141198.3099.0399.77100.50101.23
8-1510107.60108.26108.32109.58110.24
AGE NEAREST BIRTHDAY OF CHILDTERM OF POLICY46 YEARS47 YEARS48 YEARS49 YEARS50 YEARS
124-------------------------------
1-223-------------------------------
1-322-------------------------------------------
1-421--------------------------------------
1-520-------------------------------------------
1-61971.91-------------------------------------
1-71873.4875.87-----------------------
1-81775.5177.7579.98-------------
2-91678.0480.1382.2384.32-----
3-101581.1583.0885.0286.9588.89
4-111485.0186.8388.6590.4792.29
5-121389.7291.4193.0994.7896.46
6-131295.5197.0798.62100.18101.73
7-1411102.65104.08105.50106.93108.35
8-1510111.54112.83114.13115.42116.72

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