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FAMILY INCOME BENEFIT FIB RIDER

FAMILY INCOME BENEFIT  FIB RIDER

FAMILY INCOME BENEFIT  FIB RIDER  can be attached to whole life and Endowment Assurance Policy to provide in case of death during the currency of the rider  of the rider an annuity of 10% to 50% per annum of the  sum assured   payable monthly under the main policy till the expiry of the rider, 100% of the sum assured  and attaching bonuses (if any) will be payable at death. FIB upto 25%  can also be attached with Rural Life Insurance Policy.

Note:

(1)The maximum term of the Term Insurance And Family Income benefits will be 45 years or the premium paying term of the basic policy, whichever is less.

(2)  The attachment  of this rider can be considered while the policy is inforce on submission of  of satisfactory evidence of good health at the cost of assured.

(3)This rider can be attached from the anniversary date of the policy.

(4)This rider shall not be attached to policies on the lives of the non-professional females

FAMILY INCOME BENEFIT RIDER:

This rider can be attached to whole life and Endowment Assurance Policy to provide in case of death during the currency of the rider  of the rider an annuity of 10% to 50% per annum of the  sum assured   payable monthly under the main policy till the expiry of the rider, 100% of the sum assured  and attaching bonuses (if any) will be payable at death. FIB upto 25%  can also be attached with Rural Life Insurance Policy.

Note:

(1)The maximum term of the Term Insurance And Family Income benefits will be 45 years or the premium paying term of the basic policy, whichever is less.

(2)  The attachment of this rider can be considered while the policy is inforce on submission of satisfactory evidence of good health at the cost of assured.

(3)This rider can be attached from the anniversary date of the policy.

(4)This rider shall not be attached to policies on the lives of the non-professional females.

underwriting requirement:

1-It may be offered to self supporting males and females ,who are gainfully employed except females in category C.

2-it is available to adult lives 18 to 55years of age for a term that end on or before age 65 years it is not available for minors lives.

3-maximum term is not exceed the premium paying term of the basic policy.

4-it can be selected form 10% to 50% of the sum assured of the basic policy provided the income benefit so desired remain within 60% of approximate assessable earned income of life proposed .

5-the normal rates are only for standard lives with completely non-hazardous occupation of the life proposed .presence of some extra ordinary hazard and /or physical impairment  may cause refusal of this supplementary benefit or further increase in premium rate.

6-it may not be attached beyond 40%of sum assured under table 07 policies on the life of payer.the FIB under table 75 &76 should not be more than26% of the basic sum assured .FIB under table 18could be attached up to 25% of basic sum assured .

7-it is not available with plan 09,14,22,23,24,25,71 and N.D scheme also on the life of child.

AGE NEAREST BIRTHDAY10 YEARS11 YEARS12 YEARS13 YEARS14 YEARS15 YEARS
20 2.462.512.562.612.662.71
212.492.542.602.652.712.76
222.532.592.652.702.762.82
232.562.622.692.752.822.88
242.602.672.742.812.882.95
252.62.722.792.872.943.02
262.682.762.852.933.023.10
272.732.822.913.013.103.19
282.782.882.983.093.193.29
292.842.953.063.183.293.40
302.913.033.153.273.393.51
312.983.113.243.383.513.64
323.063.213.353.503.643.79
333.153.313.483.643.813.97
343.253.433.613.803.984.16
353.363.563.773.974.184.38
363.493.723.944.174.394.62
373.633.894.144.404.654.91
383.804.094.374.664.945.23
393.984.304.634.955.285.60
404.204.564.935.295.666.02
414.444.855.275.686.106.51
424.725.195.666.126.597.06
435.055.586.116.637.167.69
445.436.036.637.237.838.83
455.846.527.207.888.569.24
466.337.107.868.639.3910.16
476.897.758.619.4810.2211.20
487.538.509.4710.2411,2712.37
498.259.3810.2211.3012.5413.66
509.0710.1311.2712.4813.7515.10
519.9811.1712.4413.7815.19------------
5210.9912.3213.7215.20---------
5312.0913.5615.11------------------------------------
5413.2814.91---------------------------------------
5514.56------------------------------------------------------------------------
AGE NEAREST BIRTHDAY16 YEARS17 YEARS18 YEARS19 YEARS20 YEARS
202.782.852.933.003.07
212.842.922.993.073.15
222.902.993.073.163.24
232.973.063.153.243.33
243.053.153.243.343.44
253.133.243.343.453.56
263.223.343.453.573.69
273.323.453.573.703.83
283.433.573.713.853.99
293.553.713.864.024.17
303.683.854.034.204.37
313.834.024.224.414.60
324.004.224.434.654.86
334.214.444.684.915.15
344.424.694.955.225.48
354.684.975.275.565.86
364.955.295.625.966.29
375.285.666.036.416.78
385.656.076.506.927.34
396.086.557.037.507.98
406.567.097.638.168.70
417.117.718.328.929.52
427.748.429.099.6810.45
438.459.219.8310.6311.49
449.279.9610.8111.7012.65
4510.0710.9611.9012.9013.95
4611.1012.0913.1314.23-------------
4712.2413.3414.50-------------
4813.5214.74-----------------------------
4914.94------------------------------------------
AGE NEAREST BIRTHDAY21 YEARS22 YEARS23 YEARS24 YEARS25 YEARS
203.163.253.353.443.53
213.253.353.453.553.65
223.353.463.563.673.78
233.453.573.693.813.93
243.573.703.833.964.09
253.703.843.994.134.27
263.854.004.164.314.47
274.004.184.354.534.70
284.184.384.574.774.96
294.394.604.825.035.25
304.614.855.095.335.57
314.875.145.405.675.94
325.165.465.766.066.36
335.495.836.166.506.84
345.866.246.627.007.38
356.296.717.147.567.99
366.777.257.728.298.68
377.317.858.388.859.45
387.948.539.029.6510.32
398.649.199.8610.5611.30
409.3610.0610.7911.5712.39
4110.2511.0311.8512.71----------
4211.2612.1213.02---------------------
4312.3913.34------------------------------------------
4413.65-----------------------------------------------------
AGE NEAREST BIRTH DAY26 YEARS27 YEARS28 YEARS29 YEARS30 YEARS
203.633.743.863.994.12
213.763.894.024.154.30
223.914.044.194.344.50
234.074.224.374.544.72
244.244.414.584.774.97
254.444.624.825.025.25
264.664.865.085.314.56
274.915.145.385.645.91
285.195.445.716.006.31
295.515.796.096.426.76
305.876.186.526.887.27
316.276.627.007.417.84
326.737.137.558.004.48
337.257.698.178.679.20
347.848.238.869.4110.00
358.509.059.6310.2510.89
369.259.8610.5011.18------------
3710.0910.7611.47----------------------
3811.0311.78---------------------------
3912.08-----------------------------------------
AGE NEAREST BIRTH DAY31 YEARS32 YEARS33 YEARS34 YEARS35 YEARS
204.264.414.574.744.92
214.454.624.794.985.18
224.674.855.055.265.48
234.915.125.335.575.82
245.165.415.655.916.19
255.185.746.016.306.61
265.836.116.16.747.08
276.216.536.877.237.61
286.657.007.377.778.20
297.137.537.948.388.85
307.688.128.589.079.58
318.308.789.299.42----------
328.989.5210.08-------------------
339.7610.34--------------------------
3410.61--------------------------------------
           
AGE NEAREST BIRTH DAY36 YEARS37 YEARS38 YEARS39 YEARS40 YEARS41 YEARS42 YEARS43 YEARS44 YEARS45 YEARS
205.115.315.535.776.026.286.576.867.187.50
215.405.635.876.136.416.707.017.347.68-------
225.725.986.256.546.847.177.517.87-----------------
236.086.376.676.997.337.698.06---------------
246.496.807.147.497.868.26--------------------------------------
256.947.297.668.058.46-----------------------
267.457.838.248.67---------------------------------------------------------------------------------
278.018.448.88-----------------------------------------
288.649.11----------------------------------
299.34----------------------------------------
AGE NEAREST BIRTH DAYTERMRATE
20406.02
21396.13
22386.25
23376.37
24366.49
25356.61
26246.74
27336.87
28327.00
29317.13
30307.27
31297.41
32287.55
33277.69
34267.84
35257.99
36248.20
37238.38
38228.53
39218.84
40208.70
41198.92
42189.09
43179.21
44169.27
45159.24
46149.39
47139.48
48129.47
49119.38
50109.07

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