EbAmBgr H$m OrdZ CH$f (bm^ g{hV)

LICs Jeevan Utkarsh (With Profits) (UIN: 512N313V01)

ZmZ-qbS> bm^-g{hV EH$b r{ moOZm
(A non-linked, with-profit, Single Premium Life Assurance plan)
OrdZ ~rm {Z A{Y{Z, 1956 mam gWm{nV
(Established by the Life Insurance Corporation Act, 1956)
^mJ - A (gVV) / PART-A (Contd...)
^maVr` OrdZ ~rm {ZJ ({Ogo AmJo "{ZJ' H$hm OmEJm) VmdH$ go KmofUmn Ama Hw$b r{` Ho$ gmW EH$ Vmd Ama ZrMo Xr JB AZwgyMr | Zm{V ~r{V `{$ H$m Zm Ama Cg| CopIV H$WZm|
Ama gX^m| g{hV C$ Vmd Ama KmofUm mV hmoZo na, Bg ~rm Ho$ AmYma na C$ Vmd Ama {ZJ mam `h gh{V Xr OmVr h {H$ {ZJ, ^wJVmZ H$m Xmdm H$aZo dmbo `{$ `m `{$`m| Ho$ A{YH$ma, Ama, AJa
nyd | m` Zht h Vmo, OrdZ ~rmYmaH$ H$s Vmd | CopIV Am`w H$s g`Vm, Ho$ AZwgma Bg nm{bgr XVmdoO | {ZYm[aV bm^ Xo` hmoZo H$s VWm gVwpQ> Ho$ mU Ho$ nMmV, Bg nm{bgr Ho$ bm^ H$m `mO Ho$
{~Zm, {ZJ Ho$ emIm H$m`mb` | Ohm BgH$s godm H$s OmVr h, Cg `{$ `m `{$`m| H$mo {OZHo$ {V `h C$ AZwgyMr Ho$ AZwgma Xo` h, ^wJVmZ H$aZo H$s gh{V `V H$aVm h&
Ama EVX `h KmofUm H$s OmVr h {H$, `h ~rm nm{bgr, `hm nrN>o w{V n[a^mfmAm|, bm^, godm Ho$ nhbwAm| go g~{YV eVm|, A` {Z`m| Ama eVm| Ama gm{d{YH$ mdYmZm| Ho$ AYrZ hmoJr Ama `h {H$ {ZZ
AZwgyMr Ama {ZJ mam nm{bgr na {O`m J`m `oH$ AZwboIZ nm{bgr H$m {hgm mZm OmEJm&
THE LIFE INSURANCE CORPORATION OF INDIA (hereinafter called the Corporation) having received a Proposal along with the Declaration and Total Premium from the Proposer and the Life
Assured named in the Schedule referred to herein below and the said Proposal and Declaration with the statements contained and referred to therein having been agreed to by the said Proposer
and the Corporation as basis of this assurance do by this Policy agree, to pay the Benefits, but without interest, at the Branch Office of the Corporation where this Policy is serviced, to the person
or persons to whom the same is payable in terms of the said Schedule, on proof to the satisfaction of the Corporation of the Benefits having become payable as set out in this Policy Document,
of the title of the said person or persons claiming payment and of the correctness of the age of the Life Assured stated in the Proposal if not previously admitted.
And it is hereby declared that this Policy of Assurance shall be subject to the Definitions, Benefits, Conditions Related To Servicing Aspects, Other Terms And Conditions and Statutory
Provisions printed on the back hereof and that the following Schedule and every endorsement placed on the Policy by the Corporation shall be deemed to be part of the Policy.

AZwgyMr / SCHEDULE
S>b H$m`mb`/ DIVISIONAL OFFICE: emIm H$m`mb`/ BRANCH OFFICE:
nm{bgr g`m: `w na ~r{V aH$ (.): ~r{V `{$ H$s O {V{W:
Policy No.: Sum Assured on Death (Rs.): Date of birth of the Life Assured:

nm{bgr ma^ H$s {V{W: yb ~r{V aH$ (.): ~r{V `{$ H$s Am`w:
Date of Commencement of Policy: Basic Sum Assured (Rs.): Age of the Life Assured:

OmopI ma^ H$s {V{W: amBS>a ~r{V aH$ (.): `m Am`w m` h?

Date of Commencement of Risk: Rider Sum Assured (Rs.): Whether age Admitted?

`moOZm Ama nm{bgr Ad{Y: yb nm{bgr Ho$ {bE Vm{bH$m~ EH$b r{` (.):
Plan & Policy Term: Tabular Single Premium for Base Policy (Rs.):

n[andVm H$s {V{W: i. EH$b r{` (.):

Date of Maturity: i. Single Premium (Rs.):

{Z{hV hmoZo {V{W: ii. A{V[a$ ewH$ (.):

Date of Vesting: ii. Extra Charge (Rs.):

amBS>a gm{ H$s {V{W: iii. amBS>a r{` (.):

Date of Rider Termination: iii. Rider premium (Rs.):

Hw$b r{` (.):

Total Premium (Rs.):

H$a (.):
Taxes (Rs.):

ZmoQ>: EbAmBgr Ho$ XwKQ>Zm | `w Ama {dH$bmJVm bm^ amBS>a (`yAmBEZ: 512B209V01) H$s eV], ^mJ C H$s eV 5 Ho$ VhV CopIV h Ama h `{X amBS>a MwZm J`m h Vmo hr bmJy hm|Jr&
Note: Conditions of LICs Accidental Death and Disability Benefit rider (UIN: 512B209V01), are as mentioned under Condition 5 of Part C and shall only be applicable if this rider has been
opted for.

~rm A{Y{Z`, 1938 H$s Ymam 39 Ho$ VhV Zmm{H$V `{$(`m|) H$m Vmd g`m:
Zm: Proposal No.:
Name of Nominee(s) under Section 39 of the Insurance Act, 1938:
Vmd H$s {V{W:
Date of Proposal :
Zmm{H$V `{$(`m|) H$s Am`w Ama CZgo g~Y: nm{bgr Omar H$aZo H$s {V{W:
Age of Nominee(s) and their relationship:
Date of issuance of policy:

bm^ {MU gX^ g`m:

`{X Zmm{H$V `{$ Zm~m{bJ h, Vmo {Z`w$ `{$ H$m Zm: Benefit Illustration Reference No.:
If nominee is a minor, name of the Appointee

VmdH$ H$m Zm Ama nVm: ~r{V `{$ H$m Zm Ama nVm:/Name and address of Life Assured:
Name and address of Proposer:

bm^mWr {Ogo bm^ Xo` h ~rm A{Y{Z`, 1938 H$s Ymam 38 Ho$ VhV VmdH$ `m ~r{V `{$ `m CgH$m gwZXoer `m ~rm A{Y{Z`, 1938 H$s Ymam 39
Beneficiary to whom Benefits payable Ho$ VhV Zmm{H$V `{$ `m gm{~V {ZnmXH$m| `m emgH$ `m A` H$mZyZr {V{Z{Y {Oh| ^maV Ho$ {H$gr ^r am` `m jo Ho$ {H$gr ^r
`m`mb` mam CgH$s gn{m H$m `m Bg nm{bgr Ho$ AVJV Xo` am{e H$m, {V{Z{Yd {X`m J`m hmo, Omo ^r bmJy hmo&
The proposer or the Life Assured or his Assignee under Section 38 of the Insurance Act, 1938 or Nominees under Section
39 of the Insurance Act, 1938 or proved Executors or Administrators or other Legal Representatives who should take out
representation to his/ her Estate or limited to the moneys payable under this Policy from any Court of any State or Territory
of the Union of India, as applicable.

{ZJ H$s Amoa go CnamoV emIm H$m`mb` | hVmja {H$E JE {OgH$m nVm Ama B-ob AmBS>r {nN>bo n> na Xr JB h Ama {Ogo Bg nm{bgr go g~{YV g^r gMma g~mo{YV {H$`m OmZm Mm{hE&
Signed on behalf of the Corporation at the above mentioned Branch Office, whose address and e-mail ID is given on the last page and to which all communications relating to the policy should
be addressed.

{XZmH$/Date:
OmMH$Vm/Examined by: nr. wI / d[aR> emIm ~YH$/
n g`m/Form No.: p. Chief/ Sr. Branch Manager

A{^H$Vm H$moS>/ EO|gr H$m Zm/ A{^H$Vm H$m mo~mBb Z~a / bS>bmBZ Z~a
Agency Code Agency Name Agents Mobile Number / Landline Number
^mJ - B : n[a^mfmE
nm{bgr XVmdoO | `w$ eX / eXm| H$s n[a^mfmE {ZZmZwgma h:
1. Am`w nm{bgr ma^ hmoZo Ho$ g` ~r{V `{$ H$s {ZH$Q>V O{V{W na
Am`w h, 6 df H$s Am`w H$mo N>moS>H$a, A Ho$ {bE Am`w nyU hmo MwHo$ df h&
2. {Z`w$ `{$ dh `{$ h {Ogo, `{X bm^ Zmm{H$V `{$ H$mo Xo` h Ama
Zmm{H$V `{$ Xmdm ^wJVmZ H$s {V{W Ho$ AmYma na Zm~m{bJ h Vmo,
nm{bgr Ho$ VhV mV Am` / bm^ Xo` h&
3. gZwXoer `{$ dh `{$ hmoVm h {Ogo gZwXoer Ho$ AmYma na A{YH$ma
Ama bm^ WmZmV[aV {H$`m OmVm h&
4. gZwXoeZ EH$ ""gZwXoer'' H$mo A{YH$ma Ama bm^ WmZmV[aV H$aZo H$s
{H$`m h& gZwXoeZ ~rm A{Y{Z`, 1938 H$s Ymam 38 Ho$ mdYmZm|,
g`-g` na hE gemoYZ g{hV, Ho$ AZwgma hmoZm Mm{hE&
5. yb nm{bgr, nm{bgr H$m ~w{Z`mXr bm^ Ho$ gX^ dmbm {hgm h (Bg
nm{bgr XVmdoO | {Z{XQ> bm^ | amBS>a, `{X H$moB {dH$n MwZm J`m hmo
Vmo, Ho$ bm^ em{b Zht hmoVo h)
6. bm^mWr H$m AW Cg `{$ go h Omo Bg Zr{V Ho$ VhV bm^ mV H$aZo
H$m hH$Xma h& bm^mWr Vmd `m ~r{V `{$ `m CgHo$ mam {Z`w$ `m
Zmm{H$V `{$ `m gm{~V {ZnmXH$ `m emgH$ `m A` H$mZyZr {V{Z{Y,
Omo ^r bmJy hmo, hmo gH$Vm h&
7. {ZJ H$m Vb~ EbAmBgr A{Y{Z`, 1956 H$s Ymam 3 Ho$ VhV Wm{nV
^maVr` OrdZ ~rm {ZJ h&
8. nm{bgr ma^ {V{W Bg nm{bgr H$mo ew$ H$aZo H$s {V{W h&
9. OmopI ma^ {V{W dh {V{W h {Og na {ZJ ~rm (gajU), Ogo {H$
nm{bgr H$s AZwgyMr | CopIV h, Ho$ {bE OmopI H$mo drH$ma H$aVm h&
10. nm{bgr Omar H$aZo H$s {V{W dh {V{W h O~ EH$ Vmd, OmopI AH$Z Ho$
~mX, EH$ nm{bgr Ho$ $n | drH$ma {H$`m OmVm h Ama `h AZw~Y ^mdr
hmo OmVm h&
11. n[andVm H$s VmarI H$m Vb~ AZwgyMr | {Z{XQ> dh {V{W h {Og na
n[andVm bm^ nm{bgrYmaH$ H$mo Xo` hmoJm&
12. {Z{hV Ad{Y H$s {V{W (Ho$db V^r bmJy hmoVm h O~ nm{bgr Ho$ ma^ hmoZo
H$s {V{W na ~r{V `{$ H$s Am`w 18 df go H$ hmo) dh {V{W h, {Og
na ~r{{V `{$ nm{bgr Ho$ bm^m| Ho$ {bE hH$Xma hmo OmVm h Ogm {H$ Bg
nm{bgr XVmdoO Ho$ ^mJ C H$s eV 4 | {d{Z{XQ> h&
13. aUmoma Xo` am{e H$m Vb~ h AZw~Y H$s ewAmV | ghV bm^ Omo
~r{V `{$ H$s `w na Xo` hm|Jo&
14. {dwpV n nm{bgrYmaH$/XmdoXma mam nm{bgr Ho$ VhV n[andVm/
gnU/`w bm^ H$m Xmdm H$aZo Ho$ {bE ^am OmZodmbm n h&
15. nR>mH$Z H$m Vb~ {ZJ mam Omar Bg nm{bgr go OwS>r eVm}/{Z`m| `m
Omar {H$E JE gemoYZ `m gemoYZm| go h&
16. A{V[a$ ewH$ H$m Vb~ nm{bgr Ho$ VhV OmopI AH$Z {ZU` Ho$ H$maU
bJm`m J`m A{V[a$ ewH$, `{X H$moB hmo, go h&
17. {V~{YV H$aZm {Z`V VmarI na ~H$m`m G$U Ama / `m G$U na `mO
Ho$ ^wJVmZ | MyH$ Ho$ H$maU nm{bgr ~X H$aZo H$s EH$ H$madmB h&
18. $s bwH$ Ad{Y nm{bgrYmaH$ mam nm{bgr XVmdoO H$s mpV H$s VmarI
go 15 {XZm| H$s Ad{Y h Vm{H$ dh nm{bgr Ho$ {Z`m| Ama eVm| H$s grjm
H$a gHo$ Ama `{X nm{bgrYmaH$ BZ {Z`m| Ama eVm| | go {H$gr go ghV
Zht h, Vmo CgHo$ nmg ^mJ D H$s eV 6 Ho$ AZwgma Bg nm{bgr H$mo dmng
H$aZo H$m {dH$n h&
19. {ZpMV gnU y` nm{bgrYmaH$ H$mo nm{bgr Ho$ gnU na Xo` `yZV
{ZpMV am{e h&
20. AmBAmaS>rEAmB H$m Vb~ ^maVr` ~rm {d{Z`mH$ Ed {dH$mg m{YH$aU
h {Ogo nhbo ~rm {d{Z`mH$ Ama {dH$mg m{YH$aU (AmBAmaS>rE) Ho$ $n
| OmZm OmVm Wm&
21. ~r{V `{$ dh `{$ h {OgH$m OrdZ ~rm H$da drH$ma H$a {b`m
J`m h&
22. G$U H$m AW `mO {Vny{V `mo` dh am{e h Omo nm{bgrYmaH$ H$mo Xo`
gnU y` Ho$ ~Xbo | {ZJ mam G$U d$n XmZ {H$`m OmVm h&
23. n[andVm bm^ H$m Vb~ dh bm^ h Omo nm{bgr Ad{Y Ho$ AV |
n[andVm H$s VmarI na, AWmV n[andVm H$s {ZYm[aV VmarI H$mo Or{dV
ahZo dmbo ~r{V `{$ H$mo, Xo` h &
24. ^m{VH$ OmZH$mar EH$ Eogr OmZH$mar h Omo nm{bgr mV H$aZo Ho$ g` go
nyd go hr ~r{V `{$ H$mo VwV {H$E JE Vmd / nm{bgr Ho$ OmopI
AH$Z H$mo ^m{dV H$aVr h&
PART B: DEFINITIONS
The definitions of terms/words used in the Policy Document are as
under:
1. Age is the age nearest birthday of the Life Assured at the time of
the commencement of the policy except for age 6 years for which
the age is in completed years.
2. Appointee is the person to whom the proceeds/benefits secured
under the Policy are payable if the benefit becomes payable
to the nominee and nominee is minor as on the date of claim
payment.
3. Assignee is the person to whom the rights and benefits are
transferred by virtue of an Assignment.
4. Assignment is the process of transferring the rights and benefits
to an Assignee. Assignment should be in accordance with the
provisions of Section 38 of the Insurance Act, 1938 as amended
from time to time.
5. Base Policy is that part of the Policy referring to basic benefit
(benefits referred to in this Policy Document excluding benefits
covered under Rider, if opted for).
6. Beneficiary means the person who is entitled to receive benefits
under this Policy. The Beneficiary may be Proposer or Life
Assured or his Assignee or Nominees or proved Executors or
Administrators or other Legal Representatives as the case may
be.
7. Corporation means the Life Insurance Corporation of India
established under Section 3 of the LIC Act, 1956.
8. Date of commencement of policy is the start date of this Policy.
9. Date of commencement of risk is the date on which the
Corporation accepts the risk for insurance (cover) as evidenced in
the Schedule of the policy.
10. Date of issuance of policy is a date when a proposal after
underwriting is accepted as a policy and this contract gets
effected.
11. Date of Maturity means the date specified in the Schedule
on which the Maturity Benefit shall become payable to the
policyholder.
12. Date of vesting (applicable only if the age of the Life Assured
is below 18 years on the date of commencement of policy) is
the date from which the Life Assured becomes entitled to the
policy benefits as specified in Condition 4 of Part C of this Policy
Document.
13. Death Benefit means the benefit, agreed at the inception of the
contract, which is payable on death of Life Assured.
14. Discharge form is the form to be filled by policyholder/claimant
to claim the maturity/surrender /death benefit under the policy.
15. Endorsement means conditions attached/ affixed to this Policy
incorporating any amendments or modifications agreed to or
issued by the Corporation.
16. Extra charge is the extra amount if charged under the policy due
to underwriting decision.
17. Foreclosure is an action of closing the policy due to default in
payment of outstanding loan and/or loan interest on due date.
18. Free Look Period is the period of 15 days from the date of
receipt of the Policy Document by the Policyholder to review the
terms and conditions of this policy and where the Policyholder
disagrees to any of those terms and conditions, he/ she has the
option to return this policy as detailed in Condition 6 of Part D.
19. Guaranteed Surrender Value is the minimum guaranteed amount
of Surrender Value payable to the policyholder on surrender of
the policy.
20. IRDAI means Insurance Regulatory and Development Authority
of India earlier called as Insurance Regulatory and Development
Authority (IRDA).
21. Life Assured is the person on whose life the insurance cover has
been accepted.
22. Loan is the interest bearing repayable amount granted by
the Corporation against the surrender value payable to the
policyholder.
23. Maturity Benefit means the benefit, which is payable on date of
maturity i.e. at the end of the policy term on life assured surviving
the stipulated Date of Maturity.
24. Material information is the information already known to the Life
Assured at the time of obtaining a policy which has a bearing on
underwriting of the proposal/policy submitted.
25. Zm~m{bJ EH$ Eogm `{$ h {OgZo 18 gmb H$s C nma Zht H$s h&
26. ZmmH$Z EH$ `{$ H$mo Zmm{H$V H$aZo H$s {H$`m h {Ogo Vmd $m | 26. Nomination is the process of nominating a person who is
""Zmm{H$V'' `{$ Ho$ $n | Zm{V {H$`m J`m h, `m ~mX | gmZwXoamZ
mam em{b / ~Xbm J`m h& ZmmH$Z, ~rm A{Y{Z`, 1938 H$s Ymam
39 Ho$ mdYmZm|, g`-g` na hE gemoYZm| g{hV, Ho$ AZwgma hmoZm
Mm{hE&
27. Zmm{H$V `{$ Bg nm{bgr Ho$ VhV ~r{V `{$ mam Zmm{H$V `{$ h
{Ogo nm{bgr Ho$ VhV Xo` Xmdm bm^ mV H$aZo Ama Xmdo Ho$ {ZnQ>mao na
{ZJ H$mo EH$ dY {ZdhZ XoZo Ho$ {bE A{YH$V {H$`m J`m h&
28. gh^mJr hmoZo H$m Vb~ h {H$ nm{bgr {ZJ Ho$ AZw^d Ho$ AmYma na bm^
Ho$ {hgo Ho$ {bE `mo` h&
29. nm{bgr dfJmR> H$m Vb~ h nm{bgr Ho$ ma^ hmoZo H$s VmarI go EH$ df
Ama CgHo$ ~mX `oH$ df H$s dhr VmarI, n[andVm {V{W VH$&
30. nm{bgr / nm{bgr XVmdoO H$m AW h {ZJ mam Omar `h XVmdoO,
nR>mH$Z g{hV, `{X H$moB hmo, Omo nm{bgrYmaH$ Ama {ZJ Ho$ ~rM EH$
H$mZyZr AZw~Y h&
31. nm{bgrYmaH$ Bg nm{bgr H$m H$mZyZr m{bH$ h&
32. nm{bgr Ad{Y dh g` grm h, df |, Omo {H$ AZwgyMr | {d[Z{XQ> h,
Ama Omo nm{bgr Ho$ ma^ hmoZo H$s VmarI go ew$ hmoVr h&
33. nm{bgr df Xmo gVV dm{fH$ nm{bgr dfm| Ho$ ~rM H$s Ad{Y h& Bg Ad{Y
| nhbm {XZ em{b h Ama AJbr nm{bgr dfJmR> H$m {XZ em{b Zht h&
34. VmdH$Vm EH$ Eogm `{$ h Omo OrdZ ~rm Vmd noe H$aVm h&
35. amBS>a Bg nm{bgr XVmdoO Ho$ VhV {Z{XQ> ~w{Z`mXr bm^ Ho$ Abmdm EH$
A{V[a$ bm^ h&
36. amBS>a r{` nm{bgrYmaH$ mam amBS>a Ho$ VhV MwZo JE A{V[a$
gajU/bm^ Ho$ {bE, `{X MwZm J`m hmo, yb nm{bgr Ho$ VhV r{` Ho$
gmW Xo` r{` h& Bg amBS>a r{` | H$moB H$a em{b Zht h&
37. amBS>a ~r{V aH$, amBS>a Ho$ AVJV AJa MwZm J`m hmo, AmZo dmbo {H$gr
{d{eQ> KQ>Zm Ho$ hmoZo na Xo` ~rm am{e h&
38. AZwgyMr nm{bgr XVmdoO H$m {hgm h Omo AmnH$s nm{bgr H$m {d{eQ>
{ddaU XoVm h&
39. {ZnQ>mZ {dH$n: {ZnQ>mZ {dH$n, Ogm {H$ Bg nm{bgr XVmdoO Ho$ ^mJ
S>r H$s eV 7 | {d{Z{XQ> h, Bg nm{bgr Ho$ VhV CnbY EH$ {dH$n
h, Xmdm am{e (`mZr n[andVm bm^ `m `w bm^) mV H$aZo Ho$ {bE,
EH$wV am{e Ho$ ~Om` ~r{V `{$ mam MwZr JB Ad{Y | {H$Vm| | Xo
h&
40. EH$b r{` yb nm{bgr Ho$ VhV bm^ H$mo gwa{jV H$aZo Ho$ {bE
nm{bgrYmaH$ mam Xm am{e h Ogm {H$ Bg nm{bgr XVmdoO H$s AZwgyMr
| CopIV h, EH$b r{` | Ny>Q> em{b hmoVr h, `{X H$moB hmo, Ama
{H$gr ^r Vah H$m A{V[a$ ewH$ Ama amBS>a r{` em{b Zht hmoVr h&
Bg nm{bgr XVmdoO | H$ht ^r `w$ eX "EH$b r{`' | H$moB H$a 41. Sum Assured on Death is the assured amount payable on death
em{b Zht h&
41. `w na ~r{V aH$ OmopI ma^ hmoZo H$s {V{W Ho$ ~mX nm{bgr Ad{Y
Ho$ XmamZ `w na Xo` ~rm am{e h&
42. n[andVm na ~r{V aH$ n[andVm H$s {V{W na Xo` am{e h Ogm {H$
Bg Zr{V XVmdoO Ho$ ^mJ C H$s eV 2 | CopIV h&
43. gnU H$m AW nyU n[andVm go nyd nyU nm{bgr H$s dmngr / gmnZ h&
44. gnU y`, `{X H$moB hmo, H$m AW h Bg nm{bgr Ho$ {Z`m| Ama eVm] Ho$
AZwgma gnU Ho$ mbo | Xo` am{e h&
45. Vm{bH$m~ EH$b r{` ~r{V `{$ H$s C Ho$ AmYma na MwZr JB yb
~r{V am{e Ho$ {bE r{` h, {Og| H$moB ^r Ny>Q> `m A{V[a$ bmoqS>J
em{b Zht h, Omo `w na ~r{V aH$ Ho$ {ZYmaU H$m AmYma ~ZmVo h&
46. Hw$b Xm r{` nm{bgrYmaH$ mam yb nm{bgr Ho$ VhV bm^ H$mo
gwa{jV H$aZo Ho$ {bE ^wJVmZ H$s J`r g{dXmH$ am{e h Ogm {H$ Bg
nm{bgr XVmdoO H$s AZwgyMr | CopIV h& Bg am{e | Ny>Q> Ama A{V[a$
ewH$ Ama amBS>a r{` em{b hmoVr h, `{X H$moB hmo&
Bg nm{bgr XVmdoO | H$ht ^r `w$ {H$E JE dm`me "Hw$b Xm
r{`' eX | H$moB H$a em{b Zht h&
47. OmopI AH$Z OmopI H$m y`mH$Z H$aZo H$s {H$`m H$m dUZ H$aZo Ama
`h gw{ZpMV H$aZo {H$ gajU H$s bmJV g~{YV `{$`m| mam dhZr
OmopIm| Ho$ AZwnmV | h, Ho$ {bE `w$ {H$`m J`m eX h& OmopI AH$Z
Ho$ AmYma na, gajU H$s dr.{V `m Adr.{V H$m {ZU`, gmW hr Cn`w$
r{` `m gemo{YV eVm| Ho$ moOZ, `{X H$moB hmo, H$mo em{b {H$`m
OmVm h&
25. Minor is a person who has not completed 18 years of age.
named as Nominee in the proposal form or subsequently
included/changed by an endorsement. Nomination should be in
accordance with provisions of Section 39 of the Insurance Act,
1938 as amended from time to time.
27. Nominee is the person nominated by the Life Assured under this
Policy who is authorized to receive the claim benefit payable
under this Policy and to give a valid discharge to the Corporation
on settlement of the claim.
28. Participating means the Policy is eligible for share of profit
depending upon the Corporations experience.
29. Policy Anniversary means one year from the date of
commencement of the Policy and the same date falling each year
thereafter, till the date of maturity.
30. Policy/ Policy Document means this document along with
endorsements, if any, issued by the Corporation which is a legal
contract between the Policyholder and the Corporation.
31. Policyholder is the legal owner of this policy.
32. Policy term is the period, in years, as specified in the Schedule,
commencing from the Date of commencement of policy.
33. Policy year is the period between two consecutive policy
anniversaries. This period includes the first day and excludes the
next policy anniversary day.
34. Proposer is a person who proposes the life insurance proposal.
35. Rider is an add-on benefit in addition to basic benefits as specified
under this Policy Document.
36. Rider Premium is the premium payable by the policyholder along
with the premium under Base Policy towards the additional
cover/ benefit opted under the rider, if opted. This Rider Premium
does not include any taxes.
37. Rider Sum Assured is the assured amount payable on happening
of a specified event covered under the rider, if opted.
38. Schedule is the part of policy document that gives the specific
details of your policy.
39. Settlement Option: Settlement Option, as specified in Condition
7 of Part D of this Policy Document, is an option available under
this policy, to receive claim amount (i.e. Maturity Benefit or
Death Benefit) in instalments instead of lumpsum amount over a
period chosen by the Life Assured.
40. Single Premium is the amount paid by the Policyholder as
mentioned in the schedule of this Policy Document to secure the
benefits under the base policy. The Single Premium is inclusive of
rebate, if any and excludes any extra charges and rider premium.
The term Single Premium used anywhere in this Policy Document
does not include any taxes.
during the policy term after the date of commencement of risk.
42. Sum Assured on Maturity is the absolute amount payable on
Date of Maturity as mentioned in Condition 2 of Part C of this
Policy Document.
43. Surrender means complete withdrawal / termination of the
entire policy before maturity.
44. Surrender Value means an amount, if any, that becomes payable
in case of surrender in accordance with the terms and condition
of this policy.
45. Tabular Single Premium is the premium for the chosen Basic Sum
Assured based on the age of the Life Assured without application
of any rebate or extra loading, which form basis for determination
of Sum Assured on Death.
46. Total Premium paid is the contractual amount paid by the
Policyholder as mentioned in the Schedule of this Policy
Document to secure the benefits under the base policy. This
amount includes rebate and extra charges and rider premium if
any.
The term Total Premium paid used anywhere in this Policy
Document does not include any taxes.
47. Underwriting is the term used to describe the process of
assessing risk and ensuring that the cost of the cover is
proportionate to the risks faced by the individual concerned.
Based on underwriting, a decision on acceptance or rejection
of cover as well as applicability of suitable premium or modified
terms, if any, is taken.
48. `yAmBEZ H$m Vb~ AmBAmaS>rEAmB mam Bg `moOZm H$mo Amd{Q>V {d{eQ>
nhMmZ g`m h&
49. bm^ g{hV nm{b{g`m| go Vb~ do nm{bgr h Omo nm{bgr H$s Ad{Y Ho$
XmamZ, nm{bgr Ho$ {Z` Ama eVm] Ho$ AZwgma, {H$gr ^r A{Yeof (bm^)
| {hgo H$s hH$Xma h&
^mJ-C$ bm^
Bg nm{bgr Ho$ VhV {ZZ{bpIV bm^ Xo` h:
1. aUmoma Xo` am{e
i) nm{bgr Ho$ nhbo nmM dfm| Ho$ XmamZ `w na:
OmopI Ho$ ma^ hmoZo H$s VmarI go nhbo: `mO a{hV EH$b r{`
am{e H$s dmngr&
OmopI Ho$ ma^ hmoZo H$s VmarI Ho$ ~mX: "`w na ~r{V aH$' Xo`
hmoJr&
ii) nmM nm{bgr dfm] Ho$ nyam hmoZo Ho$ ~mX `w hmoZo na, bo{H$Z n[andVm
H$s {ZYm[aV VmarI go nhbo:
""`w na ~r{V aH$'' bm`Q>r d{ Ho$ gmW, `{X H$moB hmo, Vmo Xo`
hmoJm&
Ohm ""`w na ~r{V aH$'' H$mo {ZZ Ho$ CV $n | n[a^m{fV
{H$`m J`m h
EH$b r{` H$m 125% `m
n[andVm na ~r{V aH$ `m
""`w na ~r{V aH$ H$s nyU am{e'' `mZr Vm{bH$m~ EH$b
r{` H$m 10 JwZm
2. n[andVm bm^: {ZYm[aV n[andVm VmarI H$mo Or{dV OrdZ ~rmYmaH$
na, "n[andVm na ~r{V aH$' bm`Q>r d{, `{X H$moB hmo, Ho$ gmW Xo`
hmoJm& Ohm "n[andVm na ~r{V aH$' yb ~r{V am{e Ho$ ~am~a h&
3. OmopI ma^ {V{W (Ho$db V^r bmJy hmoVr h O~ ~r{V `{$ H$s Am`w 8
df go H$ hmo):
`{X OrdZ ~rm | doe Ho$ g` YmaH$ H$s Am`w 8 df go H$ h, 8 gmb
H$s C Ho$ nyam hmoZo Ho$ VwaV ~mX `m VH$mb Bg `moOZm Ho$ VhV OmopI
nm{bgr H$s dfJmR> go EH$ {XZ nhbo ew$ hmoJm, &
doe Ho$ g` 8 df `m Cggo A{YH$ Am`w Ho$ ~r{Vm| Ho$ {bE, OmopI
nm{bgr Omar H$aZo H$s VmarI go VwaV ew$ hmoJm&
4. {Z{hV {V{W (Ho$db V^r bmJy hmoJr O~ {H$ nm{bgr Ho$ ma^ hmoZo H$s VmarI
na ~r{V `{$ H$s Am`w 18 df go H$ h): `{X ~rmYmaH$ {Z{hV {XZmH$
na Or{dV h, Ama AJa {ZJ H$mo nm{bgr H$s am{e Ho$ hH$Xma `{$ go,
Bg Vah H$s {Z{hV VmarI go nyd, gnU H$m {b{IV AZwamoY mV Zht
hAm h, Vmo 18 df H$s Am`w Ho$ nyam hmoZo Ho$ VwaV ~mX `h nm{bgr dMm{bV
$n go Eogr {Z{hV VmarI, AWmV nm{bgr H$s dfJmR>, na ~r{V `{$
| {Z{hV hmo OmEJr Ama Eogm {ZnU {ZJ Ama ~r{V `{$ Ho$ ~rM
EH$ AZw~Y mZm OmEJm& ~r{V `{$ nm{bgr H$m nyU m{bH$ hmoJm Ama
VmdH$ `m Cgr gn{m H$m Bg| H$moB ^r A{YH$ma `m {hV Zht ahoJm&
5. EbAmBgr H$m XKQ>Zm `w Ama {dH$bmJVm bm^ amBS>a (`yAmBEZ$ 5. LICs Accidental Death and Disability Benefit Rider (UIN:
512B209V01) (`{X MwZm J`m h): Bg nm{bgr Ho$ Co` Ho$ {bE EH$
""XKQ>Zm'' H$mo ""EH$ XwKQ>Zm AMmZH$, A`m{eV Ama AZpN>H$ KQ>Zm
h Omo ~mhar, qhgH$ Ama `mZ gmYZm| Ho$ H$maU hmoVr h&'' Ho$ $n |
n[a^m{fV {H$`m J`m h&
EbAmBgr H$m AmH$pH$ `w Ama {dH$bmJVm bm^ amBS>a Ho$db A{V[a$
r{` Ho$ mwJVmZ na nm{bgr H$s WmnZm Ho$ g` CnbY h& `h
bm^ Zm~m{bJm| Ho$ OrdZ na br JB nm{bgr Ho$ VhV, ~r{V `{$ H$s
Ad`H$Vm Ho$ XmamZ, CnbY Zht hmoJm&
Cgr OrdZ na {Og na {ZZ bm^ bmJy hmoVo h, g^r nm{b{g`m| Ho$ VhV
~rm H$s A{YH$V grm, `{$JV nm{b{g`m| Ama gyh nm{b{g`m| Ho$
VhV ^maVr` OrdZ ~rm {ZJ go br JB XKQ>Zm bm^ dmbr nm{b{g`m|
g{hV, XwKQ>Zm bm^ H$s ~r{V aH$ {H$gr ^r pW{V | $.100 bmI go
A{YH$ Zht hmoJr& AJa EH$ go A{YH$ nm{bgr hmo Ama AJa Hw$b XKQ>Zm
bm^ H$s ~r{V am{e $.100 bmI go A{YH$ h, Vmo nm{bgr Omar H$aZo
H$s {V{W Ho$ AZwgma W .100 bmI H$s XKQ>Zm bm^ H$s ~r{V aH$
hr m` hmoJr& `{X O~ `h nm{bgr nyU ~r{V am{e Ho$ {bE bmJy hmo V~
~r{V OrdZ {H$gr ^r g` XKQ>Zm de hmoVm h, Ama m Bg Vah H$s
MmoQ> Ho$, grYo Ama dV $n go A` g^r H$maUm| Ho$ n[aUmd$n
(H$) `m Vmo Wm`r Ama Hw$b {dH$bmJVm, Ogm {H$ n[a^m{fV {H$`m J`m h `m
(I) ~r{V `{$ H$s `w hmo OmVr h Ama `h {ZJ H$s gVwpQ> nydH$
gm{~V hmoVr h, Vmo Bg mbo | {ZJ Bg H$ma ghV h:
(H$) ~r{V `{$ H$s {dH$bmJVm: 10 dfm| | $br hB gmZ m{gH$
{H$Vm| | Bg nm{bgr Ho$ VhV XwKQ>Zm bm^ ~r{V am{e Ho$ ~am~a
A{V[a$ am{e H$m ^wJVmZ H$aZm& AJa nm{bgr, C$ 10 dfm| H$s
Ad{Y H$s gmpV go nhbo, `w `m n[andVm H$maU Xmdm ~Z OmVr
48. UIN means the Unique Identification Number allotted to this plan
by the IRDAI.
49. With Profits policies mean policies which are entitled for any
share in surplus (profits) emerging during the term of the policy
in accordance with the terms and conditions of the policy.
PART C: BENEFITS
The following benefits are payable under this policy:
1. Death Benefit:
i) On death during first five policy years:
Before the date of commencement of risk: Refund of single
premium without interest.
 fter the date of commencement of risk: Sum Assured on
A
Death shall be payable.
ii) On death after completion of five policy years but before the
stipulated Date of Maturity:
Sum Assured on Death along with Loyalty Addition, if any,
shall be payable.
Where Sum Assured on Death is defined as the highest of
125% of the single premium; or
Sum Assured on Maturity; or
Absolute amount assured to be paid on death i.e. 10
times of Tabular Single Premium
2. Maturity Benefit: On Life Assured surviving the stipulated Date
of Maturity, Sum Assured on Maturity along with Loyalty
Addition, if any, shall be payable. Where Sum Assured on
Maturity is equal to Basic Sum Assured.
3. Date of Commencement of Risk (applicable only if the age of the
Life Assured is less than 8 years):
In case the age at entry of the Life assured is less than 8 years,
the risk under this plan will commence one day before the
policy anniversary coinciding with or immediately following the
completion of 8 years of age.
For those aged 8 years or more at entry, risk will commence
immediately from the date of issuance of policy.
4. Date of Vesting (Applicable only if the age of the Life Assured is
below 18 years on the date of commencement of policy): If the
Life Assured is alive on the vesting date and if a request in writing
for surrendering the policy has not been received by Corporation
before such vesting date from the person entitled to the policy
moneys, this policy shall automatically vest in the Life Assured on
such vesting date i.e. on the policy anniversary coinciding with
or immediately following the completion of 18 years of age and
shall on such vesting be deemed to be a contract between the
Corporation and the Life Assured. The Life Assured shall become
the absolute owner of the policy and the proposer or his estate
shall cease to have any right or interest therein.
512B209V01) (If opted): An Accident for the purpose of this
policy is defined as An Accident is a sudden, unforeseen and
involuntary event caused by external, violent and visible means.
LICs Accidental Death and Disability Benefit Rider is available
only at the inception of the policy on payment of additional
premium. This benefit will not be available under the policy on
the life of minors, during minority of the Life Assured.
The maximum aggregate limit of assurance under all policies
including policies with in-built Accident Benefit taken with Life
Insurance Corporation of India under individual policies as well as
group policies on the same life to which following benefits apply
shall not in any event exceed Rs.100 lakhs of Accident Benefit
Sum Assured. If there be more policies than one and if the total
Accident Benefit Sum Assured exceeds Rs.100 lakhs, the benefits
shall apply to the first Rs. 100 lakhs Accident Benefit Sum Assured
in order of date of policies issued.
If the Life assured is involved in an accident at any time when
this Policy is inforce for the full Sum Assured, and such injury
shall within 180 days of its occurrence solely, directly and
independently of all other causes result in (a) either permanent
and total disability, as hereinafter defined or (b) death of the
Life assured and the same is proved to the satisfaction of the
Corporation, the Corporation agrees in case of:
(a) Disability to the Life Assured: pay additional sum equal to the
Accident Benefit Sum Assured in equal monthly instalments
spread over 10 years under this Policy. If the policy becomes
a claim by the way of death or maturity before the expiry of
 h, Vmo {dH$bmJVm bm^ {H$V|, Omo A^r VH$ Xo` Zht h, Xmdo H$s am{e
Ho$ gmW mwJVmZ H$aZm&
`{X {dH$bmJVm bm^ Ho$ {bE {H$`m J`m Xmdm drH$m` h, Vmo Bg IS>
Ho$ 5(I) mam gajU bm^ bmJy hmoZm ~X hmo OmEJm&
Cnamo$ {Z{XQ> {dH$bmJVm {H$gr "XwKQ>Zm' Ho$ H$maU KQ>r hB hmoZr
Mm{hE VWm Hw$b Ama Wm`r hmoZm Mm{hE& A` g^r H$maUm| go dV
XwKQ>Zm go hmoZo dmbr MmoQ>| Ama n[aUm d$n Eogr XwKQ>Zm Ho$ KQ>Zo
Ho$ 180 {XZm| Ho$ ^rVa Eogr {dH$bmJVm {OgHo$ H$maU ~r{V OrdZ |
Wm`r $n go X{ZH$ OrdZ Ho$ {ZZ {H$`mH$bmnm| (ZrMo d{UV) | go
H$ go H$ 4 (Mma) H$m`, {H$gr ~mhar ghm`Vm / gh`moJ, `m{H$
CnH$aUm|, {deof CnH$aUm| `m A` ghm`H$ CnH$aUm| Ho$ Cn`moJ Ho$
{~Zm H$m H$aZo | AgW h, Vmo Eogr AjVm H$mo Hw$b Ama Wm`r
$n | mZm OmEJm& Hw$b Ama Wm`r AjVm H$mo m{UV H$aZo Ho$
{bE {ZJ mam m{YH$V {M{H$gH$s` narjH$ ~r{V `{$ H$s OmM
H$aoJm..
X{ZH$ OrdZ J{V{d{Y`m Bg H$ma h:
nhZmdm - g^r Amd`H$ dm|, H${ AJm| `m A` g{OH$b
CnH$aUm|, Omo {H$ {M{H$gH$s` $n go Amd`H$ h, H$mo nhZZo
Ama CVmaZo H$s jVm&
YwbmB - g$mB Ama `{$JV dN>Vm Ho$ n`m Va H$mo ~ZmE
aIZo Ho$ {bE YmoZo H$s jVm&
ImZm - ^moOZ V`ma hmoZo Ama namogo OmZo Ho$ ~mX EH$ boQ> `m
H$Q>moao go ^moOZ H$mo wh VH$ bo OmZo H$s jVm&
emMmb` - emMmb` H$m BVomb H$aZo `m A`Wm Am Ama
yme` Ho$ H$m`m| H$m Cn`moJ H$aZo H$s jVm Vm{H$ `{$JV
dN>Vm Ho$ gVmofOZH$ Va H$mo ~ZmE aI gH|$&
J{VerbVm - {Zdmg Ho$ gmm` WmZ | Ka Ho$ AXa gVb
gVh na EH$ H$ao go Xygao H$ao | OmZo H$s jVm&
WmZmV[aV hmoZm - EH$ {~Va go grYr IS>r Hw$gr `m hrbMoAa
na MT>Zo H$s jVm Ama BgHo$ R>rH$ {dnarV&
Cnamo$ CoI Ho$ Abmdm ^r, A` g^r H$maUm| go nao XwKQ>Zm go
bJr MmoQ>| Ama Eogr XwKQ>Zm Ho$ hmoZo go 180 {XZm| Ho$ ^rVa, ZVrOVZ
XmoZm| AmIm| H$s nyar pQ> H$s AnyaUr` j{V `m H$bmB VH$ `m Cggo
D$na XmoZm| hmWm| H$m {dN>oXZ `m EoS>r VH$ `m Cggo D$na XmoZm| nam|
H$m {dN>oXZ, `m H$bmB VH$ `m Cggo D$na EH$ hmW H$m {dN>oXZ
Ama EoS>r `m CgHo$ D$na EH$ na H$m {dN>oXZ hmo Vmo Bg pW{V H$mo
{dH$bmJVm gPm OmEJm&
{dH$bmJVm hmoZo Ho$ ~mX, {ZJ Ho$ H$m`mb` H$mo Ohm `h nm{bgr H$s
godm mV h, ~r{V `{$ Ho$ VH$mbrZ nVo Ho$ gmW {bpIV | nyam
{ddaU XoZm hmoJm Ama {dH$bmJVm hmoZo Ho$ 90 {XZm| Ho$ ^rVa, {ZJ
H$s nwwR>r hoVw, Ama {ZJ Ho$ bmJV Ho$ {~Zm, {dH$bmJVm H$m mU
{ZJ Ho$ godm mV H$m`mb` H$mo {X`m OmZm Mm{hE, dm{N>V VarHo$ go&
gyMZm Ho$ ~mX {ZJ mam m{YH$V {M{H$gm narjH$ ~r{V `{$ H$s
OmM H$aoJm VWm {dH$bmJVm H$mo m{UV H$aoJm& BgHo$ Abmdm, `{X
Amd`H$ hAm Vmo, mbo Ho$ AmYma na {dH$bmJVm H$s {ZaVaVm H$s
nwQ>r H$aZo Ho$ {bE {M{H$gm OmM H$s Om gH$Vr h&
{H$gr ^r g` `h kmV hmoZo na, {H$ Bg IS> Ho$ VhV H$moB Xmdm
JbV VarHo$ go drH$ma {H$`m J`m h, ~rmH$Vm H$mo Xr JB A{V[a$
~rm am{e Ho$ g^r {H$V|, g`-g` na {ZJ mam V` H$s JB Xa
na `mO g{hV, {ZJ H$mo EH$wV dmng H$aZm hmoJm, Ogo {H$ H$moB
{dH$bmJVm Zht hB Wr, Eogm Z H$aZo na nhbo mwJVmZ H$s Om MwH$s
A{V[a$ am{e Ho$ {H$Vm| H$mo C$ nm{bgr Ho$ VhV EH$ G$U mZm
OmEJm Ama Bgo nm{bgr H$s Am` go, g`-g` na {ZJ mam V`
H$s JB Xa na `mO g{hV, H$mQ>m OmEJm&
A{V[a$ XwKQ>Zm bm^ ~rm am{e H$s H$moB Ama {H$V Xo` Zht hmoJr,
Ogo {H$ H$moB {dH$bmJVm Zht hB h&
(I) ~r{V `{$ H$s `w: yb nm{bgr Ho$ VhV `w {hVbm^ Ho$ Abmdm, (b) Death of the Life Assured: In addition to Death Benefit
Bg nm{bgr Ho$ VhV XwKQ>Zm bm^ ~r{V am{e Ho$ ~am~a EH$ A{V[a$
am{e Xo` hmoJr& hmbm{H$, XwKQ>Zm Ho$ g` nm{bgr bmJy hmoZm Mm{hE,
^bo hr `w Ho$ g` `h bmJy hmo `m Zht&
{ZJ Cnamo$ (H$) `m (I) | {Z{XQ> A{V[a$ am{e H$m mwJVmZ
H$aZo Ho$ {bE CmaXm`r Zht hmoJm, AJa {dH$bmJ `m ~r{V `{$ H$s
`w:
(i) OmZ~yPH$a d` H$mo MmoQ> nhMmZo, Amh`m H$aZo H$m `mg,
nmJbnZ `m AZ{VH$Vm Ho$ H$maU hmoVr h `m O~ ~rmH$V `{$
eam~, Zerbo nXmW `m Zerbr XdmAm| Ho$ ^md `m Cn^moJ Ho$
the said period of 10 years, the disability benefit instalments
which have not fallen due will be paid along with the claim.
In case the claim for disability benefit is admissible the
benefit covered by 5(b) of this clause shall cease to apply.
The disability above referred to must be disability which is
the result of an Accident and must be total and permanent.
Accidental injuries which independently of all other causes
and within 180 days from the happening of such accident
result in such disability due to which life assured is unable to
perform at least 4 (four) of the following Activities of Daily
Living (defined below) permanently without any external
help/support including the use of mechanical equipment,
special devices or other aids, then such disability shall
be treated as Total and Permanent. Medical Examiner
authorized by the Corporation shall examine the life assured
to certify the disability as Total and Permanent.
The Activities of Daily Living are:
Dressing - the ability to put on and take off all necessary
garments, artificial limbs or other surgical appliances
that are medically necessary
Washing - the ability to wash to maintain an adequate
level of cleanliness and personal hygiene
Feeding - the ability to transfer food from a plate or
bowl to the mouth once food has been prepared and
made available
Toileting - the ability to use the lavatory or otherwise
manage bowel and bladder functions so as to maintain
a satisfactory level of personal hygiene
Mobility - the ability to move indoors from room to
room on level surfaces at the normal place of residence
Transferring - the ability to move from a bed to an
upright chair or wheel chair and vice versa
Notwithstanding what is mentioned above, Accidental
injuries which independently of all other causes and within
180 days from the happening of such accident, result in
the irrecoverable loss of the entire sight of both eyes or in
the amputation of both hands at or above the wrists or in
the amputation of both feet at or above ankles, or in the
amputation of one hand at or above the wrist and one foot
at or above the ankle, shall also be deemed to constitute
such disability.
After the happening of the disability, full particulars thereof
must be given in writing to the office of the Corporation
where this Policy is serviced together with the then address
and whereabouts of the Life Assured and within 90 days of
the happening of the disability, must be given to the servicing
Office of the Corporation, in the manner required by it, proof
of disability satisfactory to the Corporation and without any
expense to the Corporation. Medical Examiner authorized by
the Corporation shall examine the Life Assured and certify
in respect of any disability claimed after the intimation.
Further, medical examination may be done to validate the
continuity of disability on case to case basis, if required.
In the event of it being discovered at any time that a claim
under this clause has been wrongly admitted, all instalments
of additional sum assured which have been paid to the life
assured shall be returned to the Corporation in one lump
sum with interest, at such rate as fixed by the Corporation
from time to time as if no disability had occurred, failing
which the instalments of additional sum assured already
paid shall be treated as a debt against the said policy and
shall be deducted with interest at such rate as fixed by the
Corporation from time to time from the proceeds of the
policy.
No further instalment/s of additional Accident Benefit Sum
Assured shall be payable considering as if no disability had
occurred.
under the Base Policy, an additional sum equal to the
Accident Benefit Sum Assured shall be payable under this
policy. However, the policy shall have to be in force at the
time of accident irrespective of whether or not it is in force
at the time of death.
The Corporation shall not be liable to pay the additional sum
referred in (a) or (b) above, if the disability or the death of
the Life Assured shall:
(i) be caused by intentional self injury, attempted suicide,
insanity or immorality or whilst the Life Assured is under
the influence or consumption of intoxicating liquor,
 AYrZ hmo (`{X `h BbmO Ho$ EH$ {hgo Ho$ $n | {M{H$gH$ narcotic or drug (unless prescribed by doctor as a part
mam {ZYm[aV Zht hmo); `m
(ii) XJm| | ^mJ boZo go hmoZo dmbr MmoQ>m| Ho$ H$maU, hJmm, {dmoh,
`w (Mmho `w Kmo{fV hmo `m Z hmo), AmH$U, {eH$ma, declared or not), invasion, hunting, mountaineering,
ndVmamohU, mwS>XmS>, {H$gr ^r H$ma H$s XmS>, nambmBqS>J `m
nameyqQ>J, gmhgr Iobm| | ^mJ boZo; `m
(iii) ~r{V `{$ mam Amnam{YH$ BamXo Ho$ gmW H$moB Amnam{YH$ .`
H$aZo Ho$ H$maU; `m
(iv) (H$) ge ~bm| `m g` godm | ~r{V `{$ H$s {Z`w{$ Ho$
H$maU& `h AndOZ bmJy Zht hmoJm AJa ~r{V `{$
XwKQ>Zm Ho$ d$ S>yQ>r na Zht Wm, `m hmao Xoe | m.{VH$
AmnXmAm| H$m gmZm H$aVo hE {H$gr ^r ~Mmd H$m` |
em{b Wm; `m
(I) AYg{ZH$ ~bm| Ho$ Abmdm {H$gr ^r nw{bg gJR>Z | nw{bg
H$V` | bJo hmoZo Ho$ H$maU hmoVr h ({Og| emg{ZH$
H$m` em{b Zht h)& `h AndOZ dhm bmJy Zht hmoVm h,
Ohm XwKQ>Zm | `w Ama {dH$bmJVm bm^ H$mo H$da H$aZo
Ho$ {bE nw{bg H$V` | bJo hmoZo Ho$ XmamZ XwKQ>Zm hmoZo H$m
{dH$n MwZm J`m h; `m
(v) ~r{V `{$ H$s XwKQ>Zm H$s VmarI go 180 {XZm| Ho$ ~mX hmo&
yb nm{bgr Ho$ gnU na Xo` bm^: `h amBS>a H$mo H$moB ^r
XV y` m Zht hmoJm Ama Bg amBS>a Ho$ VhV H$moB gnU
y` CnbY Zht hmoJm& VWm{n, AJa Bg amBS>a H$mo MwZm J`m
h Ama yb nm{bgr Ho$ gnU na {OgHo$ gmW `h amBS>a gb
h Ama AJa yb nm{bgr Zo gnU y` hm{gb H$a {b`m h,
Vmo gnU H$s VmarI Ho$ ~mX ~H$m`m H$m`H$mb Ho$ {bE gajU Ho$
g~Y | bJm`m J`m A{V[a$ amBS>a r{` {ZZ $n | dmng
{H$`m OmEJm:
amBS>a r{` H$m 90%* (nyU df | Bg amBS>a H$s ~H$m`m
Ad{Y/ Bg amBS>a Ho$ g~Y | nm{bgr Ad{Y)
6. bm^ | ^mJrXmar: {ZJ Ho$ AZw^d Ho$ AmYma na Bg `moOZm Ho$ VhV IarXr
OmZo dmbr nm{bgr nmM nm{bgr dfm| Ho$ nyam hmoZo Ho$ ~mX nm{bgr Ad{Y Ho$
XmamZ `w `m n[andVm Ho$ $n | gmpV Ho$ g` bm`Q>r d{ Ho$ $n
| A{Yeof (bm^) | {hgoXmar H$s nm hmoJr, {ZJ mam Kmo{fV Xa na
Ama {Z`m| Ho$ AZwgma Xo hmoJr&
BgHo$ gmW - gmW, nm{bgr Ad{Y Ho$ XmamZ nm{bgr Ho$ gnU na {deof
gnU y` mwJVmZ Ho$ g` bm`Q>r d{, `{X H$moB hmo, na ^r {dMma
{H$`m OmEJm, ~eV} nm{bgr Zo nmM nm{bgr df nyao H$a {b`o hm|&
^mJ - D: godm Ho$ nhbwAm| go g~{YV eV|
1. Am`w H$m mU: r{` H$s JUZm yb ~r{V am{e Ama ~r{V `{$ H$s
Am`w, Omo {H$ Vmd | Kmo{fV h, Ho$ AmYma na H$s JB h& AJa Am`w
Eogr Am`w go A{YH$ nmB OmVr h, Vmo {ZJ Ho$ A` A{YH$mam| Ama Cnm`m|
Ho$ {V nydmJh Ho$ {~Zm, ~rm A{Y{Z`, 1938 Ho$ g{hV, Eogo mbo |
r{` yb ~r{V am{e Ama amBS>a ~rm am{e, AJa MwZm J`m hmo, na
JUZm H$s Xa na Xo` hmoJ, doe na ghr Am`w Ho$ AZwgma, Ama ghr Am`w
Ho$ {bE r{` Ama yb r{` Ho$ ~rM g{MV AVa, nm{bgr Ho$ ma^
go Bg Vah Ho$ mwJVmZ H$s VmarI VH$, g`-g` na {ZJ mam V` H$s
JB Xa na `mO Ho$ gmW, {ZJ H$mo mwJVmZ {H$`m OmEJm& hmbm{H$, AJa
~r{V `{$ / VmdH$ Cn`w$ g{MV hE G$U H$m mwJVmZ Zht H$aVm
h, Vmo {Og {V{W na nm{bgr EH$ Xmdm ~Z OmVr h, V~ ghr Am`wHo$ {bE
r{` Ama Bg nm{bgr Ho$ ma^ na yb r{` Ho$ ~rM g{MV AVa,
{ZJ mam g`-g` na V` H$s OmZo dmbr Xa na `mO Ho$ gmW, OmoS>m
Om`oJm Ama Bgo nm{bgr Ho$ {d$ ~r{V / VmdH$ H$mo {X`m J`m G$U
mZm OmEJm Ama nm{bgr Ho$ Xmdm ~ZZo na Xo` nm{bgr H$s am{e go BgH$s
H$Q>mVr H$s OmEJr&
~eV} {H$ `{X doe na ~r{V `{$ H$s ghr Am`w Eogr h Omo Cgo Bg dJ
`m Cg g` Ho$ AZwgyMr | {Z{XQ> ~rm eVm| Ho$ AZwgma, ~rm Ho$ A`mo`
~ZmVr h, Vmo nm{bgrYmaH$ H$s gh{V na, Bg nm{bgr Ho$ ma^ Ho$ g`
{ZJ mam bmJy {Z`m| Ho$ AZwgma Bg Vah H$s ~rm `moOZm H$s dJ `m eVm|
H$mo ~Xb {X`m OmEJm, A`Wm nm{bgr H$mo a H$a {X`m OmEJm&
2. Hw$N> mbm| | OVr: AJa em{b `m g{WV {H$gr eV | H$m CKZ
{H$`m OmVm h `m `{X `h nm`m OmVm h {H$ Vmd, `{$JV ~`mZ, KmofUm
Ama OwS>o XVmdoO | H$moB ^r JbV `m PyR>m d$` em{b h `m H$moB ^r
^m{VH$ OmZH$mar H$mo {N>nm`m J`m h, V~ Ama ha Eogo mbo |, `h nm{bgr
ey` hmoJr Ama `hm na {H$gr ^r bm^ Ho$ g^r Xmdo ~rm A{Y{Z`, 1938
H$s Ymam 45 Ho$ g`-g` na gemo{YV mdYmZm| Ho$ AYrZ hmoJm&
of treatment); or
(ii) be caused by injuries resulting from taking any part in
riots, civil commotion, rebellion, war (whether war be
steeple chasing, racing of any kind, paragliding or
parachuting, taking part in adventurous sports; or
(iii) result from Life Assured committing any criminal act
with criminal intent; or
(iv) (a) arise from employment of the Life Assured in the
armed forces or military service. This exclusion is
not applicable if the Life Assured was involved in
an accident when he is not on duty or was involved
in any rescue operations while combating natural
calamities in our country; or
(b) arise from being engaged in police duty (which
excludes administrative assignments) in any police
organization other than paramilitary forces. This
exclusion is not applicable where the option to
cover Accidental Death and Disability Benefit
arising on accident while engaged in police duty,
has been chosen; or
(v) occur after 180 days from the date of accident of the
Life Assured.
Benefits payable on surrender of Base Policy: This rider
shall not acquire any Paid-up Value and no surrender
value will be available under this rider. However, if this
rider has been opted for and on surrender of the Base
Policy to which this rider is attached and the Base Policy
has acquired surrender value, additional rider premium
charged in respect of cover for the outstanding term
after date of surrender shall be refunded as follows:
90% of Rider Premium * (outstanding term for this rider
in completed years / Policy term in respect of this rider)
6. Participation in the Profits: Depending upon the Corporations
experience the policies under this plan shall be eligible for share
in surplus (profits) in the form of Loyalty Addition at the time of
exit after completion of five policy years in the form of Death
during the policy term or Maturity, at such rate and on such terms
as may be declared by the Corporation.
In addition, Loyalty Addition, if any, shall also be considered in
Special Surrender Value payment on surrender of policy during
the policy term, provided the policy has completed five policy
years.
PART D: CONDITIONS RELATED TO SERVICING ASPECTS
1. Proof of Age: The premium having been calculated based on the
Basic Sum Assured and the age of the Life Assured as declared
in the Proposal, in case the age is found higher than such age,
without prejudice to the Corporations other rights and remedies,
including those under the Insurance Act, 1938, the premium shall
be payable in such case at the rate calculated on the Basic Sum
Assured and Rider Sum Assured, if opted for, for the correct
age at entry, and the accumulated difference between the
premium for the correct age and the original premium, from the
commencement of the Policy upto the date of such payment
shall be paid to the Corporation with interest at such rate as
fixed by the Corporation from time to time. However, in case
the Life Assured /Proposer does not pay the above mentioned
accumulated debt, the accumulated difference between the
premium for the correct age and the original premium from the
commencement of this Policy up to the date on which the Policy
becomes a claim, with interest at such rate as may be fixed by the
Corporation from time to time, shall accrue and be treated as a
debt due by the Life Assured/ Proposer against the said Policy and
shall be deducted from the Policy moneys payable on the Policy
becoming a claim.
Provided further that if the Life Assureds correct age at entry is
such as would have made him/her uninsurable under the class
or terms of assurance specified in the said Schedule hereto, the
class or terms shall stand altered to such Plan of Assurance as are
granted by the Corporation according to the practice in force at
the commencement of this Policy subject to the consent of the
policyholder, otherwise the policy will be cancelled.
2. Forfeiture in Certain Events: In case any condition herein
contained or endorsed hereon be contravened or in case it is
found that any untrue or incorrect statement is contained in
the proposal, personal statement, declaration and connected
documents or any material information is withheld, then and in
every such case this policy shall be void and all claims to any
benefit by virtue hereof shall be subject to the provision of
Section 45 of the Insurance Act, 1938 as amended from time to
time.
3. nm{bgr G$U: Bg nm{bgr Ho$ VhV, nm{bgr Ho$ nyam hmoZo Ho$ VrZ hrZo ~mX
(`mZr nm{bgr Omar H$aZo H$s VmarI go 3 hrZo) `m $s-bwH$ Ad{Y H$s
gm{ Ho$ ~mX, Omo ^r ~mX | hmo, {H$gr ^r g` nm{bgr G$U H$m bm^
CR>m`m Om gH$Vm h Omo {ZZ{bpIV {Z`m| Ama eVm| Ho$ AYrZ hmoJm& Eogr
am{e nm{bgr Ho$ gnU y` go H$ hmoJr Ama {ZJ mam g`-g` na
V` {H$`o J`o A` {Z` Ama eVm| Ho$ AYrZ hmoJr:
(i) A{YH$V G$U am{e, gnU y` H$m 90: hmoJm&
(ii) Zm~m{bJ Ho$ OrdZ ~rm Ho$ XmamZ G$U H$m Vmd {V{Z{Y mam {H$`m
Om gH$Vm h ~eV} `h G$U Zm~m{bJ ~rmYmaH$ Ho$ bm^ Ho$ {bE {b`m
Om ahm hmo;
(iii) nm{bgr nyar Vah go G$U Ho$ nwZmwJVmZ Ama BgHo$ `mO H$s gwajm
Ho$ {bE {ZJ H$mo gmnr OmEJr;
(iv) G$U na `mO H$m mwJVmZ {ZJ H$mo AY-dm{fH$ AmYma na Bg
nm{bgr Ho$ VhV G$U boZo Ho$ g` {ZJ mam {d{Z{XQ> Xa na {H$`m
OmEJm& `mO H$m nhbm mwJVmZ AJbr nm{bgr dfJmR> na `m AJbr
nm{bgr dfJmR> go N>h hrZo nhbo H$s {V{W na, Omo ^r G$U dr.V
hmoZo H$s {V{W Ho$ VwaV ~mX hmo, Ama CgHo$ ~mX `oH$ N>: mh |,
{H$`m OmEJm& `mO `yZV N>h hrZo H$s Ad{Y Ho$ {bE bJm`m OmVm
h& {dmr` df 2017-18 Ho$ {bE bmJy `mO Xa 10: .d., AY
dm{fH$ Xo`, h;
(v) {Z`V VmarI na G$U Ho$ `mO Ho$ mwJVmZ | MyH$ H$s pW{V |,
Ogm {H$ D$na CopIV h, Ama O~ `mO Ho$ gmW ~H$m`m G$U am{e
gnU y` go A{YH$ hmo, {ZJ Eogr nm{bgr H$mo amoH$ XoJm& Bg Vah
H$s nm{b{g`m| H$mo ~X H$a {X`o OmZo na do gnU y` Ama `mO Ho$
gmW ~H$m`m G$U am{e Ho$ AVa H$m mwJVmZ, `{X H$moB hmo, H$m mwJVmZ
m H$aZo H$s hH$Xma hm|Jr;
(vi) {ZJ 3 hrZo H$m Zmo{Q>g XoH$a g^r C{MV `mO Ho$ gmW G$U H$s
am{e H$mo nwZnm H$aZo `m dmng mJZo H$m hH$Xma h;
(vii) AJa nm{bgr n[and$hmo OmVr h `m gnU H$a {X`m OmVm h `m `w
Ho$ mam Xmdm ~Z OmVr h, Vmo {ZJ mam nm{bgr H$s am{e go gV
`mO Ho$ gmW ~H$m`m G$U H$s am{e H$mQ>r Om gH$Vr h&
4. gnU: nm{bgr H$m BgH$s Ad{Y Ho$ XmamZ {H$gr ^r g` gnU {H$`m
Om gH$Vm h&
nm{bgr Ho$ gnU na, {ZJ {ZpMV gnU y` Ama {deof gnU y` policy term.
Ho$ ~am~a gnU y` H$m mwJVmZ H$aoJm&
drH$m` {ZpMV gnU y` {ZZmZwgma hmoJm:
W df: EH$b r{` H$m 70:
BgHo$ ~mX: EH$b r{` H$m 90:
{deof gnU y` yb ~rm am{e go JwUm H$aHo$ {deof gnU y` JwUH$
hmoJm& Bg nm{bgr na bmJy {deof gnU y` H$maH$ g`-g` na
AmBAmaS>rEAmB Ho$ nyd AZwmoXZ Ho$ gmW ~Xb gH$Vo h& bm`Q>r OmoS>,
`{X H$moB hmo, ^r {deof gnU y` mwJVmZ | OmoS>m OmEJm, ~eV} nm{bgr
Zo nmM nm{bgr df nyao H$a {b`o hm|&
amBS>a, AJa Bgo MwZm J`m hmo, na H$moB gnU y` CnbY Zht hmoJm&
5. nm{bgr H$m gmnZ:
nm{bgr VH$mb Ama dMm{bV $n go {ZZ | go {H$gr ^r KQ>Zm H$s
ewAmV na gm{ hmo OmEJr:
H$) `w na; `m
I) gnU na; `m
J) n[andVm H$s VmarI na; `m
K) ^mJ H$s eV 3 | {d{Z{XQ> G$U `mO Ho$ mwJVmZ | MyH$ H$s pW{V
|; `m
L>) $s-bwH$ arH$aU Ho$ VhV nm{bgr dmng H$aZo na&
6. $s-bwH$ Ad{Y: `{X nm{bgrYmaH$ nm{bgr Ho$ {H$gr ^r {Z` Ama eVm|
go AghV h, Vmo dh nm{bgr XVmdoO H$s m{ H$s VmarI go 15 {XZm|
H$s Ad{Y Ho$ ^rVa, AnZr Amn{m`m| Ama Agh{V H$m H$maU ~VmVo hE,
nm{bgr dmng H$a gH$Vo h& nm{bgr m hmoZo na h Cgo a H$a X|Jo
Ama AmnHo$ mam Om r{` H$s am{e, AmZwnm{VH$ OmopI r{` (yb
nm{bgr Ama amBS>a H$m, `{X MwZm J`m h) gajU H$s JB Ad{Y Ama
{M{H$gm narjm H$m ewH$, {deof [anmoQ>, `{X H$moB hmo, Ama Q>mn S>yQ>r
KQ>mH$a, dmng H$a Xr OmEJr&
7. {ZnQ>mZ {dH$n: {ZnQ>mZ {dH$n Xmdm am{e m H$aZo H$m EH$ {dH$n h
(`mZr n[andVm bm^ `m `w bm^) EH$wV am{e Ho$ ~Om` 5 `m 10
`m 15 df H$s Ad{Y | {H$Vm| |& `h {dH$n Ho$db 18 df `m Cggo
A{YH$ Am`w dmbo ~rmYmaH$ mam, nm{bgr Ho$ VhV Xo` `w/ n[andVm
3. Policy Loan: Policy Loan can be availed under this policy at any
time after three months from completion of the policy (i.e. 3
months from the Date of issuance of policy) or after expiry of
the Free-Look Period, whichever is later, subject to the following
terms and conditions, within the surrender value of the policy for
such amounts and on such further terms and conditions as the
Corporation may fix from time to time:
(i) The maximum loan that can be granted shall be 90% of the
surrender value.
(ii) The loan during the minority of Life Assured can be availed
by the proposer provided the loan is raised for the benefit of
the minor Life Assured;
(iii) The Policy shall be assigned absolutely to and held by the
Corporation as security for the repayment of loan and of the
interest thereon;
(iv) Interest on the loan shall be paid on compounding half-
yearly basis to the Corporation at the rate to be specified by
the Corporation at the time of taking loan under this policy.
The first payment of interest is to be made on the next policy
anniversary or on the date six months before the next policy
anniversary whichever immediately follows the date on
which the loan is sanctioned and every half year thereafter.
Interest is charged for a minimum period of six months. For
financial year 2017-18, the applicable interest rate is 10% p.a
payable half yearly;
(v) In the event of default in payment of Loan interest on
the due date as herein mentioned above and when the
outstanding loan amount along with interest is to exceed
the surrender value, the Corporation shall be entitled to
foreclose such policies. Such policies when being foreclosed
shall be entitled to payment of the difference of surrender
value and the outstanding Loan amount along with interest,
if any;
(vi) Corporation is entitled to recover or recall the amount of the
Loan with all due interest by giving 3 months notice;
(vii) In case the policy shall mature or is surrendered or becomes
a claim by death, the Corporation shall become entitled to
deduct the amount of outstanding loan together with all
interest from the policy moneys.
4. Surrender: The policy can be surrendered at any time during the
On surrender of the policy, the Corporation shall pay the
Surrender Value equal to higher of Guaranteed Surrender Value
and Special Surrender Value.
The Guaranteed Surrender Value allowable shall be as under:
First year: 70% of the Single Premium
Thereafter: 90% of the Single Premium
The Special Surrender Value will be the Special Surrender Value
factor multiplied by the Basic Sum Assured. The Special Surrender
Value factors applicable to this policy may change from time to
time with prior approval of the IRDAI. Loyalty Addition, if any,
shall also be considered in Special Surrender Value payment,
provided the policy has completed five policy years.
No surrender value will be available on rider, if opted for.
5. Termination of Policy:
The policy shall immediately and automatically terminate on the
earliest occurrence of any of the following events:
a) On death; or
b) On surrender; or
c) On the date of maturity; or
d) In the event of default in payment of loan interest as
specified in Condition 3 of Part D; or
e) On return of policy for free look cancellation
6. Free Look period: During the Free Look period of 15 days from
the date of receipt of the Policy Document by the Policyholder,
if the Policyholder is not satisfied with the Terms or Conditions
of the policy, he/ she may return the policy to the Corporation
stating the reason of objections. On receipt of the same the
Corporation shall cancel the policy and return the amount of Total
Premium paid after deducting the proportionate risk premium
(For Base Policy and Rider(s), if opted for) for the period on cover
and charges for medical examination, special reports, if any and
stamp duty.
7. Settlement Option: Settlement Option is an option to receive
claim amount (i.e. Maturity Benefit or Death Benefit) in
installments over the chosen period of 5 or 10 or 15 years
instead of lump sum amount. This option can be exercised only
by the Life Assured aged 18 years or above, for full or part of the
Death/Maturity proceeds payable under the policy. The amount
 am{e Ho$ nyU `m Ae Ho$ {bE, `moJ {H$`m Om gH$Vm h& ~r{V `{$ mam
{ZYm[aV am{e (AWmV ew Xmdm am{e) `m Vmo nyU y` | `m Hw$b Xo` am{e
Ho$ {VeV Ho$ $n | hmo gH$Vr h&
{H$V| dm{fH$ `m AY-dm{fH$ `m {Vmhr `m m{gH$ AVamb na, Omo ^r
MwZm J`m hmo, A{J $n go ~ZmB OmEJr, O~{H$ mwJVmZ Ho$ {d{^Z VarH$m|
Ho$ {bE `yZV {H$V H$s am{e {ZZ Ho$ AYrZ hmoJr:
{H$V mwJVmZ H$m VarH$m `yZV {H$V am{e
m{gH$ $. 5000/-
m{gH$ $. 15000/-
AY-dm{fH$ $. 25000/-
dm{fH$ $. 50000/-
{X {Zdb Xmdm am{e AmdH$ go H$ h, Vmo ~rmYmaH$ Xdmam {H$E JE
{dH$n Ho$ AZwgma yZV {H$V H$s am{e XmZ H$aZo Ho$ {bE, Xmdm am{e
H$m ^wJVmZ EH$wV {H$m OmEJm&
{ZnQ>mZ {dH$n Ho$ VhV {H$V Ho$ ^wJVmZ Ho$ {bE bmJy mO Xam| H$mo {ZJ
Xdmam g-g na V {H$m OmEJm&
w bm^ Ho$ {d$ {ZnQ>mZ {dH$n H$m moJ H$aZo Ho$ {bE, ~r{V pV
AnZo OrdZ Ho$ XmamZ OrdZ ~rm nm{bgr H$s wm |, {ZnQ>mZ {dH$n
H$s Ad{Y Ama ew Xmdm am{e {OgHo$ {bE {dH$n H$m moJ {H$m OmZm
h {Z{XQ> H$aVo hE, Bg {dH$n H$m CnmoJ H$a gH$Vm h& V~ Zmm{H$V
pV H$mo w Ho$ Xmdo am{e H$m ~r{V pV Xdmam CnmoJ {H$E JE
{dH$n Ho$ AZwgma ^wJVmZ {H$m OmEJm&
n[andVm bm^ Ho$ {d$ {ZnQ>mZ {dH$n H$m moJ H$aZo Ho$ {bE, ~r{V
pV H$mo {H$Vm| | Xmdo H$s ew am{e Ho$ ^wJVmZ Ho$ {dH$n n[andVm
Xmdo H$s {ZV VmarI go H$ go H$ 3 {hZo nhbo moJ H$aZm hmoJm&
n[andVm bm^ Ho$ {d$ {ZnQ>mam {dH$n Ho$ VhV {H$V H$m ^wJVmZ
ma^ hmoZo ~mX
`{X H$moB ~r{V `{$, {Ohm|Zo n[andVm bm^ Ho$ {d$ {ZnQ>mZ
{dH$n H$m `moJ {H$`m Wm, Bg {dH$n H$mo dmng boZm MmhVm h Ama
~H$m`m {H$Vm| H$mo H$ H$aZm MmhVm h Vmo ~r{V `{$ go {bpIV
AZwamoY m hmoZo na BgH$s AZw{V Xr OmEJr& Eogo mbo |, EH$wV
am{e, Omo {ZZ{bpIV go A{YH$ hmo, H$m mwJVmZ {H$`m OmEJm Ama
nm{bgr gm hmo OmEJr&
- ^{d` H$s g^r ~H$m`m {H$Vm| H$m [a`m`Vr y`; `m
- (yb am{e {OgHo$ {bE {ZnQ>mZ {dH$n H$m `moJ {H$`m J`m Wm)
o go (nhbo go MwH$mB JB Hw$b {H$Vm| H$m `moJ) H$mo KQ>mH$a Xo
hmoJm;
^{d` H$s {H$Vm| Ho$ mwJVmZ | [a`m`V na bmJy `mO Xa, Omo ^r
g`-g` na {ZJ mam V` H$s OmEJr&
n[andVm H$s VmarI Ho$ ~mX, ~r{V `{$ H$s `w Ho$ mbo |,
{OgZo {ZnQ>mZ {dH$n H$m `moJ {H$`m h, ~r{V `{$ mam Cn`moJ
{H$E JE {dH$n Ho$ AZwgma Zmm{H$V `{$ H$mo ~H$m`m {H$Vm| H$m
mwJVmZ H$aZm Omar ahoJm Ama Zmm{H$V `{$ mam {H$gr n[adVZ H$s
AZw{V Zht Xr OmEJr&
^mJ- E
bmJy Zht
^mJ- F
A` {Z` d eV|
1. H$) gZwXoeZ: Bg `moOZm Ho$ VhV gZwXoeZ H$s AZw{V ~rm A{Y{Z`,
1938 H$s Ymam 38, g`-g` na {H$`o J`o gemoYZm| g{hV, Ho$
AZwgma Xr JB h& Ymam 38 Ho$ mOyXm mdYmZ Bg nm{bgr XVmdoO
Ho$ AZwbH$ -1 | em{b h& gZwXoeZ H$s gyMZm {ZJ Ho$ Cgr
H$m`mb` | nOrH$aU Ho$ {bE VwV H$s OmZr Mm{hE Ohm nm{bgr
godm H$s Om ahr h&
I) ZmmH$Z: OrdZ ~rm nm{bgrYmaH$ mam ZmmH$Z ~rm H$mZyZ, 1938
H$s Ymam 39, g`-g` na {H$`o J`o gemoYZm| g{hV, Ho$ AZwgma
Amd`H$ h& Ymam 3 Ho$ mOyXm mdYmZ Bg nm{bgr XVmdoO Ho$
AZwbH$-II | em{b h& ZmmH$Z `m ZmmH$Z | n[adVZ H$s gyMZm
nOrH$aU Ho$ {bE {ZJ Ho$ Cgr H$m`mb` | Om H$s OmZm Mm{hE,
Ohm nm{bgr H$s godm H$s Om ahr h& ZmmH$Z nOrH$aU | {ZJ H$moB
^r {OoXmar H$mo drH$ma Zht H$aVm h Ama Z hr BgH$s dYVm `m
H$mZyZr ^md Ho$ g~Y | H$moB ^r am` `$ H$aVm h&
2. Amh`m: nm{bgr ey` hmoJr AJa ~r{V `{$ (Mmho gPXma `m
{d{j) OmopI ma^ hmoZo H$s VmarI go 12 hrZm| Ho$ ^rVa {H$gr ^r
opted by the Life Assured (i.e. net claim amount) can be either
in absolute value or as a percentage of the total claim proceeds
payable.
The installments shall be made in advance at yearly or half-
yearly or quarterly or monthly intervals, as opted for, subject to
minimum installment amount for different modes of payments
being as under:
Mode of Installment payment Minimum installment
amount
Monthly Rs. 5000/-
Quarterly Rs. 15000/-
Half-Yearly Rs. 25000/-
Yearly Rs. 50000/-
If the net claim amount is less than the required amount to
provide the minimum installment amount as per the option
exercised by the Life Assured, the claim proceed shall be paid in
lump sum only.
The interest rates applicable for arriving at the installment
payments under Settlement Option shall be as fixed by the
Corporation from time to time.
For exercising the settlement option against Death Benefit, the
Life Assured can exercise this option during his/her life while in
currency of the policy, specifying the period of settlement option
and net claim amount for which the option is to be exercised. The
death claim amount shall then be paid to the nominee as per the
option exercised by the Life Assured.
For exercising the settlement option against Maturity Benefit, the
Life Assured shall be required to exercise option for payment of
net claim amount in installments at least 3 months before the
due date of maturity claim.
After the commencement of Installment payments under
Settlement Option against Maturity Benefit:
If a Life Assured, who has exercised Settlement Option
against Maturity Benefit, desires to withdraw this option
and commute the outstanding instalments the same shall be
allowed on receipt of written request from the Life Assured.
In such case, the lumpsum amount, which is higher of the
following shall be paid and the policy shall terminate.
- discounted value of all the future installments due; or
- (the original amount for which settlement option was
exercised) less (sum of total installments already paid);
The interest rates applicable for discounting the future
installment payments, shall be as fixed by the Corporation
from time to time.
After the Date of Maturity, in case of death of the Life
Assured, who has exercised Settlement Option, the
outstanding installments will continue to be paid to the
nominee as per the option exercised by the Life Assured and
no alteration whatsoever shall be allowed to be made by the
nominee.
PART E
Not Applicable
PART F
OTHER TERMS AND CONDITIONS
1. a) Assignments: Assignment is allowed under this plan as per
Section 38 of the Insurance Act, 1938, as amended from time
to time. The current provisions of Section 38 are contained
in Annexure - I of this Policy Document. The notice of
assignment should be submitted for registration to the office
of the Corporation, where the policy is serviced.
b) Nominations: Nomination by the holder of a policy of life
assurance is required as per Section 39 of the Insurance
Act, 1938, as amended from time to time.The current
provisions of Section 39 are contained in Annexure-II of
this Policy Document. The notice of nomination or change
of nomination should be submitted for registration to the
office of the Corporation, where the policy is serviced. In
registering nomination the Corporation does not accept any
responsibility or express any opinion as to its validity or legal
effect.
2. Suicide: The policy shall be void if the Life Assured (whether sane
or insane) commits suicide at any time within 12 months from
 g` Amh`m H$a boVm h,EH$ am{e Omo EH$b r{` `m gU y` Ho$
90: go A{YH$ h, Xo` hmoJr& {ZJ Bg nm{bgr Ho$ VhV {H$gr A` Xmdo
H$mo drH$ma Zht H$aoJm&
`h IS> Cg ~r{V `{$ Ho$ mbo | bmJy Zht hmoJm, {OgH$s Am`w doe
Ho$ g` 8 gmb go H$ h AWmV `{X ~r{V `{$ H$s Am`w 8 df go H$
h, Vmo `mO Ho$ {~Zm EH$b r{` Xo` hmoJr&
3. H$a: dYm{ZH$ H$a, `{X H$moB ^maV gaH$ma `m ^maV Ho$ {H$gr ^r A`
gdYm{ZH$ H$a m{YH$aU mam Bg Vah H$s ~rm `moOZmAm| na bJm`m J`m
OmVm h, H$a H$mZyZm| Ama g`-g` na bmJy H$a H$s Xa Ho$ wVm{~H$ bmJy
hmoJm&
bmJy H$am| H$s am{e, M{bV Xam| Ho$ AZwgma, nm{bgrYmaH$ mam nm{bgr Ho$
VhV Xo` r{` na Xo` hmoJm, Omo {H$ nm{bgrYmaH$ mam Xo` r{` Ho$
Abmdm AbJ go EH$ {H$`m OmEJm&
`moOZm Ho$ VhV Xo` {H$gr ^r bm^ H$s JUZm | H$a mwJVmZ H$s am{e em{b
Zht H$s OmEJr&
4. Xmdo Ho$ {bE gmm` Amd`H$VmE ~r{V `{$ H$s `w Ho$ mbo | Xmdm 4. Normal requirements for a claim: The normal documents which
XO H$aZo Ho$ {bE XmdoXma Omo gmm` XVmdoO VwV H$aoJm Vm{H$ {ZJ
nwpQ> H$a gHo$ do h Xmdm n, Ogm {H$ {ZJ mam {ZYm[aV h, yb nm{bgr
XVmdoO Ho$ gmW, XmdoXma mam ~H$ ImVo | grYo Om Ho$ {bE EZBE$Q>r
OZmXoe, A{YH$ma H$m mU, `w H$m mU, `w go nhbo {M{H$gm
CnMma, Hy$b / H$mboO / {Z`mo$m Ho$ mU n, Omo ^r bmJy hmo& `{X
nm{bgr Ho$ VhV Am`w Zht Xr JB h, OrdZ ~rmYmaH$ H$s C H$m mU
^r VwV H$aZm hmoJm&
Ohm nm{bgr na n[andVm Xmdm {H$`m OmVm h `m nm{bgr Ho$ gnU Ho$
mbo |, ~r{V `{$ yb nm{bgr XVmdoO Ho$ gmW, XmdoXma Ho$ ~H$ ImVo
| Xmdo H$s am{e grYo Om H$aZo Ho$ {bE EZBE$Q>r OZmXoe, {dwpV $m,
gmW hr AJa Am`w nhbo Zht Xr JB h Vmo, Am`w H$m g~yV VwV H$aoJm&
AmH$pH$ `w bm^ Ama {dH$bmJVm Xmdo na {dMma H$aZo Ho$ {bE, CZ
n[apW{V`m| H$m nVm bJmZo Ho$ {bE {OZHo$ VhV `w / {dH$bmJVm hB Wr,
{ZZ gyMr go bmJy {dda{U`m| H$mo mJm Om gH$Vm h:-
1) W gyMZm [anmoQ> (E$AmBAma) H$s m{UV {V&
2) nw{bg AdofU [anmoQ> H$s m{UV {V&
3) nMZmm H$s {V{b{n&
4) mV Ho$ g^m{dV H$maU OmZZo Ho$ {bE nmoQ>mQ> [anmoQ>& `{X nmoQ>-
mQ> | AmV ga{jV H$s JB h, Vmo gmJr H$mo OmZZo Ho$ {bE 3) Copy of panchanama.
amgm`{ZH$ {dbofH$ [anmoQ> Vm{H$ h OmZ gHo$ {H$ ~r{V `{$ Zo
eam~, Sg, Zerbo nXmW `m Oha H$m godZ {H$`m h&
5) gmMma n H$s nZo Ohm XwKQ>Zm H$s gyMZm Xr JB hmo&
6) `{X `w dmhZ XwKQ>Zm Ho$ H$maU hmoVr h, Vmo SmBqdJ bmBg|g H$s
{V{b{n, AJa ~r{V `{$ dmhZ Mbm ahm Wm&
7) `w Ho$ g~Y | Cn-{d^mJr` `m`mYrf H$m A{V $gbm- `h `w
H$m dJrH$aU XoJr m.{VH$ / Amh`m / AmH$pH$&
8) O~ XwKQ>Zm H$s gyMZm nw{bg A{YH$m[a`m| H$mo Zht Xr OmVr h,
Ogo {H$ Hw$mo `m gmn Ho$ H$mQ>Zo H$s dOh go `w hmoZo na, Vmo
dH$pnH$ mU Ogo `jXer Jdmh Ho$ ~`mZ, JmgodH$ `m gaH$mar
A{YH$m[a`m| H$m hb$Zmm, hmar AnZr OmM [anmoQ>, {M{H$gH$ `m
AnVmb H$s [anmoQ> n`m hmo gH$Vr h&
9) AnVmb CnMma [aH$mS>, Am{X
`w H$s VmarI go 90 {XZm| Ho$ ^rVa, `w mUn Ho$ gmW mV
H$s gyMZm {bpIV $n | {ZJ Ho$ Cg H$m`mb` H$mo gy{MV H$s OmZr
Mm{hE Ohm nm{bgr H$s godm H$s Om ahr h& hmbm{H$, XmdoXma mam Xmdm
H$s gyMZm | Xoar, `{X H$moB hmo, `mo` hmoZo na {ZJ mam m$ H$s Om
gH$Vr h, Ohm Xoar CgHo$ {Z`U go nao Ho$ H$maU gm{~V hmo&
5. dYm{ZH$ n[adVZ: Bg Zr{V Ho$ VhV Xo` bm^ g{hV {Z` Ama eV|
mg{JH$ H$mZyZ Ama {d{Z`m| Ho$ AZwgma n[adVZ Ho$ AYrZ h&
6. bm^ {ddaU: AmnH$m AZwHy${bV bm^ {ddaU Bg nm{bgr XVmdoO Ho$ gmW
gb h&
^mJ- G: dYm{ZH$ mdYmZ
~rm A{Y{Z`, 1 9 38 H$s Ymam 45:
~rm A{Y{Z`, 1938 H$s Ymam 45 Ho$ mdYmZ, g`-g` na hE gemoYZm|
g{hV, bmJy {H$`m OmEJm& dVmZ mdYmZ Bg nm{bgr XVmdoO Ho$ AZwbH$-3
| em{b h&
{eH$m`V {ZdmaU V:
JmhH$m| H$s {eH$m`Vm| H$m {ZdmaU H$aZo Ho$ {bE {ZJ Ho$ emIm / {d^mJr` /
jor` / H|$r` H$m`mb` | {eH$m`V {ZdmaU A{YH$mar CnbY h& JmhH$
the date of commencement of risk, an amount which is higher of
90% of the Single Premium or Surrender Value shall be payable.
The Corporation will not entertain any other claim under this
policy.
This clause shall not apply in case of Life Assured whose age at
the time of entry is below 8 years i.e. if age of the Life assured is
below 8 years on suicide Single Premium without interest shall be
payable.
3. Tax: Statutory Taxes, if any, imposed on such insurance plans
by the Government of India or any other constitutional tax
Authority of India shall be as per the Tax laws and the rate of tax
as applicable from time to time.
The amount of applicable taxes, as per the prevailing rates, shall
be payable by the policyholder on premiums payable under the
policy, which shall be collected separately over and above in
addition to the premiums payable by the policyholder.
The amount of tax paid shall not be considered for the calculation
of any benefits payable under the plan.
the claimant shall submit while lodging the claim in case of death
of the Life Assured shall be claim forms, as prescribed by the
Corporation, accompanied with original policy document, NEFT
mandate from the claimant for direct credit of the claim amount
to the bank account, proof of title, proof of death, medical
treatment prior to the death, school/ college/ employer's
certificate, whichever is applicable, to the satisfaction of the
Corporation. If the age is not admitted under the policy, the proof
of age of the Life assured shall also be submitted.
Where the policy results into a maturity claim or in case of
surrender of the policy, the Life Assured shall submit the discharge
form along with the original policy document, NEFT mandate
from the claimant for direct credit of the claim amount to the
bank account besides proof of age, if the age is not admitted
earlier.
For considering accidental death benefit and disability claim,
the applicable statements from the following list may be called
to ascertain circumstances under which death / disability took
place:-
1) A certified copy of first information report (FIR).
2) A certified copy of police inquest report.
4) Post mortem report to know the probable cause of death. If
viscera is preserved in post mortem, then chemical analyzer
report to know the contents i.e. whether life assured has
consumed liquor, drugs, narcotics or poison.
5) News paper cuttings where accident is reported.
6) If death is due to vehicle accident, then copy of driving
licence, if life assured was driving the vehicle.
7) Sub-divisional magistrate final verdict about death- this will
give classification of death as natural/suicide/accidental
8) When accident is not reported to police authorities, like
death due to dog or snake bite, then alternate proofs such
as statement of eye witness, affidavit of gramsevak or govt.
officials, our own enquiry report, attending physician or
hospital reports may be sufficient.
9) Hospital treatment records, etc.
Within 90 days from the date of death, intimation of death
along with death certificate must be notified in writing to
the office of the Corporation where the policy is serviced.
However, delay in intimation of the claim by the claimant, if
any, may be condoned by the Corporation, on merit, where
delay is proved to be for reasons beyond his/her control.
5. Legislative Changes: The Terms and Conditions including the
benefits payable under this policy are subject to variation in
accordance with the relevant Legislation & Regulations.
6. Benefit Illustration: Your customized Benefit Illustration is
enclosed with this Policy Document.
PART G: STATUTORY PROVISIONS
Section 45 of the Insurance Act, 1938:
The provisions of the sections 45 of the Insurance Act, 1938 shall be
applicable as amended from time to time. The current provisions are
contained in Annexure-III of this Policy Document.
Grievance Redressal Mechanism:
The Corporation has Grievance Redressal Officers at Branch/
Divisional/ Zonal/ Central Office to redress grievances of customers.
{eH$m`Vm| H$m d[aV {ZdmaU gw{ZpMV H$aZo Ho$ {bE {ZJ Zo JmhH$ nmoQ>b
(do~gmBQ>) Ho$ m` go JmhH$ AZwHy$b EH$s.V {eH$m`V ~YZ Umbr ew$
H$s h, Omo http://www.licindia.in h, Ohm EH$ nOr.V nm{bgrYmaH$ {eH$m`V
grYo a{OQ>a H$a gH$Vm h Ama BgH$s pW{V H$mo QH$ H$a gH$Vm h& JmhH$
{H$gr ^r {eH$m`V Ho$ {ZnQ>mao Ho$ {bE B-ob AmBS>r co_crmgrv@licindia.
com na gnH$ H$a gH$Vo h&
`{X JmhH$ Odm~ go gVwQ> Zht h `m 15 {XZm| Ho$ ^rVa hmar Amoa go H$moB
Odm~ Zht {bVm h, Vmo JmhH$ {ZZ{bpIV moS> | go {H$gr EH$ Ho$ m` go
AmBAmaS>rEAmB Ho$ {eH$m`V gob go gnH$ H$a gH$Vm h:
H$mb H$aZo hoVw Q>mob $s Z~a 155255/18004254732 (`mZr
AmBAmaS>rE {eH$m`V H$mb g|Q>a)
complaints@irda.gov.in na Bob ^oOZm&
{eH$m`V AmZbmBZ http://www.igms.irda.gov.in na a{OQ>a H$aZm&
Hy$[a`a / n Ho$ m` go {eH$m`V ^oOZo Ho$ {bE nVm:
Cn^mo$m mbm {d^mJ, ~rm {Z`mH$ Ed {dH$mg m{YH$aU, 9 dt {Ob,
`yZmBQ>oS> B{S>`m Q>mdg, ~era~mJ, hXam~mX - 500 029, AmY Xoe
$g mam 040-6678 9 768 na {eH$m`V ^oOZm&
`{X XmdoXma `w Ho$ Xmdo Ho$ {ZU` go gVwQ> Zht h, Vmo CZHo$ nmg jor`
H$m`mb` Xmdm {ddmX {ZdmaU g{{V `m H|$r` H$m`mb` Xmdm {ddmX {ZdmaU
g{{V H$s grjm Ho$ {bE CZHo$ mbo ^oOZo H$m {dH$n hmoVm h& EH$ godm{ZdV
C `m`mb` / {Obm `m`mb` Ho$ `m`mYre `oH$ Xmdo {ddmX {ZdmaU
g{{V`m| Ho$ gX` h& Xmdo g~Yr {eH$m`Vm| Ho$ {ZdmaU Ho$ {bE, XmdoXma ~rm
bmoH$nmb go ^r gnH$ H$a gH$Vo h Omo JmhH$m| H$mo H$ bmJV | d[aV `WVm
XmZ H$aVm h&
`mZ X|:
`{X AmnHo$ nmg H$moB {eH$m`V / g`m h, Vmo Amn {eH$m`V {ZdmaU A{YH$mar
/ bmoH$nmb go gnH$ H$a gH$Vo h, {OgH$m nVm {ZZmZwgma h:
emIm H$m`mb` H$m nVm Ama B-ob AmBS>r:
{eH$m`V {ZdmaU A{YH$mar H$m nVm:
~rm bmoH$nmb H$m nVm:
ZmoQ>: BZ {Z`m| Ama eVm| Ama {deof mdYmZ / eVm| H$s `m`m Ho$ g~Y |
{ddmX Ho$ mbo | AJoOr gH$aU dY mZm OmEJm&
Amngo AZwamoY h {H$ Bg nm{bgr H$s OmM H$a b|, Ama AJa H$moB ^r wQ>r {bVr
h, Vmo gwYma Ho$ {bE VH$mb dmng H$a|&
AZwbH$-I
gZwXoeZ - ~rm A{Y{Z` 1938 H$s Ymam 38 Ho$ AZwgma, Ogm {H$ ~rm
H$mZyZ (gemoYZ) A{Y{Z`, 2015 mam gemo{YV h
(1) ~rm nm{bgr H$m hVmVaU `m gZwXoeZ, nyU `m Am{eH$, ^bo hr
{dMm[aV `m A{dMm[aV $n go, Ho$db nm{bgr na hr EH$ nR>mH$Z mam
`m EH$ AbJ CnH$aU mam, {H$gr ^r mbo | hVmj[aV hVmVaUH$Vm
mam `m gZwXoer `m CgHo$ {d{YdV A{YH$V A{^H$Vm mam Ama H$ go
H$ EH$ Jdmh Ho$ AZwmUZ mam, WmZmVaU `m gZwXoeZ Ho$ V`,
Ama BgHo$ H$maU, gZwXoeZ H$s nyddVr Ama {OZ eVm| na gZwXoeZ
{H$`m J`m h H$mo {deof $n go CopIV H$aVo hE, {H$`m Om gH$Vm h&
(2) EH$ ~rm H$nZr, hVmVaU `m gZwXoeZ H$mo drH$ma H$a gH$Vr h `m
Cn-Ymam (1) Ho$ VhV {H$E JE {H$gr ^r AZwboIZ na H$madmB H$aZo go
BZH$ma H$a gH$Vr h, Ohm `h {ddmg H$aZo Ho$ {bE n`m H$maU hm| {H$
Eogm hVmVaU `m gZwXoeZ dmV{dH$ Zht h `m nm{bgrYmaH$ Ho$ {hV
| `m gmdO{ZH$ {hV | Zht h `m ~rm nm{bgr Ho$ `mnma Ho$ Co` go
{H$`m J`m h&
(3) ~rmH$Vm, nR>mH$Z na H$madmB H$aZo go BZH$ma H$aZo go nyd, nm{bgr-
YmaH$ mam Xr JB Eogo WmZmVaU `m gZwXoeZ H$s gyMZm H$s {V{W go
Vrg {XZm| Ho$ AXa, Bg Vah Ho$ BZH$ma Ho$ H$maUm| H$mo {bpIV | [aH$mS>
H$aoJm Ama nm{bgrYmaH$ H$mo gMm[aV H$aoJm&
(4) H$moB ^r `{$ Omo Bg Vah Ho$ hVmVaU `m gZwXoeZ na H$m` H$aZo go
BZH$ma H$aZo Ho$ ~rmH$Vm Ho$ {ZU` go nr{S>V h,~rmH$Vm go Eogo BZH$ma
Ho$ H$maU dmbo gMma H$s m{ H$s VmarI go Vrg {XZm| H$s Ad{Y Ho$ ^rVa
m{YH$aU Ho$ gj Xmdm VwV H$a gH$Vm h&
(5) Cn-Ymam (2) Ho$ mdYmZm| Ho$ AYrZ, `h WmZmVaU `m gZwXoeZ Bg
Vah Ho$ {d{YdV AZwm{UV nR>mH$Z `m CnH$aU Ho$ {ZnmXZ na nyU
Ama ^mdr hmoJm, bo{H$Z {gdm`, Ohm hVmVaU `m gZwXoeZ ~rmH$Vm
Ho$ nj | h, ~rm H$nZr Ho$ {d$ H$m Zht H$aoJm, Ama hVmVaUH$Vm
`m gZwXoer `{$ `m CgHo$ H$mZyZr {V{Z{Y H$mo Bg Vah H$s nm{bgr
`m CgHo$ mam gwa{jV YZ H$s am{e Ho$ {bE wH$Xm H$aZo H$m H$moB
^r A{YH$ma XmZ Zht H$aoJm O~ VH$ WmZmVaU `m gZwXoeZ H$s
{bpIV | H$moB gyMZm Ama `m Vmo C$ nR>mH$Z `m CnH$aU d` `m
hVmVaUH$Vm Ama hVmVar XmoZm| `m CZHo$ {d{YdV A{YH$V A{^H$Vm
For ensuring quick redressal of customer grievances the Corporation
has introduced Customer friendly Integrated Complaint Management
System through our Customer Portal (website) which is http://www.
licindia.in, where a registered policy holder can directly register
complaint/ grievance and track its status. Customers can also contact
at e-mail id co_crmgrv@licindia.com for redressal of any grievances.
In case the customer is not satisfied with the response or do not
receive a response from us within 15 days, then the customer may
approach the Grievance Cell of the IRDAI through any of the following
modes:
Calling Toll Free Number 155255 / 18004254732 (i.e. IRDAI
Grievance Call Centre)
Sending an email to complaints@irda.gov.in
Register the complaint online at http://www.igms.irda.gov.in
Address for sending the complaint through courier / letter:
Consumer Affairs Department, Insurance Regulatory and
Development Authority of India, 9th Floor, United India Towers,
Basheerbagh, Hyderabad 500 029, Andhra Pradesh.
Sending the complaint by Fax to 040-66789768
Claimants not satisfied with the decision of death claim repudiation
have the option of referring their cases for review to Zonal Office
Claims Dispute Redressal Committee or Central Office Claims Dispute
Redressal Committee. A retired High Court/ District Court Judge is
member of each of the Claims Dispute Redressal Committees. For
redressal of Claims related grievances, claimants can also approach
Insurance Ombudsman who provides for low cost and speedy
arbitration to customers.
NOTE: In case you have any Complaints/Grievance, you may approach
Grievance Redressal Officer/ Ombudsman, whose address is as
under:
Address and e-mail ID of Branch Office:
Address of Grievance Redressal officer:
Address of Insurance Ombudsman:
NOTE: In case of dispute in respect of interpretation of these terms
and conditions and special provisions/conditions the English
version shall stand valid.
YOU ARE REQUESTED TO EXAMINE THIS POLICY, AND IF ANY
MISTAKE BE FOUND THEREIN, RETURN IT IMMEDIATELY FOR
CORRECTION.
Annexure - I
Assignment - As per Section 38 of the Insurance Act 1938, as
amended by the Insurance Laws (Amendment) Act, 2015
(1) A transfer or assignment of a policy of insurance, wholly or in part,
whether with or without consideration, may be made only by an
endorsement upon the policy itself or by a separate instrument,
signed in either case by the transferor or by the assignor or his
duly authorised agent and attested by at least one witness,
specifically setting forth the fact of transfer or assignment and
the reasons thereof, the antecedents of the assignee and the
terms on which the assignment is made.
(2) An insurer may, accept the transfer or assignment, or decline to
act upon any endorsement made under sub-section(1), where it
has sufficient reason to believe that such transfer or assignment
is not bonafide or is not in the interest of the policyholder or in
public interest or is for the purpose of trading of insurance policy.
(3) The insurer shall, before refusing to act upon the endorsement,
record in writing the reasons for such refusal and communicate
the same to the policyholder not later than thirty days from
the date of the policy-holder giving notice of such transfer or
assignment.
(4) Any person aggrieved by the decision of an insurer to decline
to act upon such transfer or assignment may within a period of
thirty days from the date of receipt of the communication from
the insurer containing reasons for such refusal, prefer a claim to
the Authority.
(5) Subject to the provisions in sub-section (2), the transfer or
assignment shall be complete and effectual upon the execution
of such endorsement or instrument duly attested but except,
where the transfer or assignment is in favour of the insurer, shall
not be operative as against an insurer, and shall not confer upon
the transferee or assignee, or his legal representative, any right to
sue for the amount of such policy or the moneys secured thereby
until a notice in writing of the transfer or assignment and either
the said endorsement or instrument itself or a copy thereof
certified to be correct by both transferor and transferee or
their duly authorised agents have been delivered to the insurer:
 mam m{UV BgH$s gm{nV {V{b{n ~rmH$Vm H$mo XmZ H$s JB hmo:
~eV} {H$ O~ ~rm H$nZr ^maV | EH$ `m EH$ go A{YH$ WmZ aIVr h,
Eogr gyMZm Ho$db Cg WmZ na Xm` H$s OmEJr Ohm nm{bgr H$s godm
H$s Om ahr h&
(6) {Og VmarI H$mo Cn-Ymam (5) | {Z{XQ> Zmo{Q>g ~rmH$Vm H$mo {X`m
OmVm h dhr nm{bgr | {M aIZo dmbo `{$`m| Ho$ ~rM WmZmVaU `m
gZwXoeZ Ho$ VhV g^r Xmdm| H$s mW{H$Vm H$mo {d{Z`{V H$aoJr; Ama
Ohm WmZmVaU `m gZwXoeZ EH$ go A{YH$ CnH$aU h dhm Bg Vah
Ho$ CnH$aUm| Ho$ VhV Xmdm| H$s mW{H$Vm Cgr H$ | em{gV hmoJr {Og
H$ | Cn-Ymam (5) | C{pIV gyMZm Xr JB hmo:
~eV} {H$ AJa A{^hVm{H${V`m| Ho$ ~rM mwJVmZ H$s mW{H$Vm Ho$ $n
| H$moB ^r {ddmX CR>Vm h, Vmo {ddmX m{YH$aU H$mo ^oOm OmEJm&
(7) Cn-Ymam (5) | {Z{XQ> gyMZm H$s m{ na, ~rmH$Vm Eogo WmZmVaU
`m gZwXoeZ Ho$ V` H$mo CgHo$ {XZmH$ Ama hVmVar `m gZwXoer H$m
Zm Ho$ gmW [aH$mS> H$aoJm Ama, {Og `{$ mam gyMZm Xr JB Wr CgHo$,
`m hVmVar `m gZwXoer Ho$ AZwamoY na, {Z`m| mam {Z{XQ> Bg Vah Ho$
ewH$ Ho$ mwJVmZ na, Eogr gyMZm H$s m{ H$s EH$ {bpIV dr.{V XmZ
H$aoJm; Ama Eogr H$moB nmdVr ~rmH$Vm Ho$ pIbm$ {ZUm`H$ gm` hmoJr
{H$ Chm|Zo Cg gyMZm H$mo {d{YdV m {H$`m h Omo Bg H$ma H$s nmdVr
go g~{YV h&
(8) WmZmVaU `m gZwXoeZ Ho$ {Z` Ama eVm| Ho$ AYrZ, ~rm H$nZr
Cn-Ymam (5) | {Z{XQ> Zmo{Q>g H$s m{ H$s VmarI go, gyMZm | Zm{V
hVmVar `m gZwXoer `{$ H$s nhMmZ, nm{bgr Ho$ VhV bm^ Ho$ hH$Xma
nyU hVmVar `m gZwXoer `{$ Ho$ $n | H$aoJm Ama Eogo `{$ CZ g^r
XoZXm[a`m| Ama `m` Ho$ AYrZ hmoJm, {OZHo$ A{YZW hVmVaUH$Vm `m
gZwXoer hVmVaU `m gZwXoeZ H$s {V{W na Wm Ama nm{bgr Ho$ g~Y
| {H$gr ^r H$m`dmhr H$s WmnZm H$a gH$Vm h, nm{bgr Ho$ VhV G$U
m H$a gH$Vm h `m hVmVaUH$Vm `m gZwXoer H$s gh{V m {H$E
{~Zm nm{bgr H$m gnU H$a gH$Vm h `m Cgo Eogr H$m`dmhr Ho$ {bE EH$
nj ~Zm gH$Vm h&
nQ>rH$aU- CnYmam (1) | nR>mH$Z Ho$ gX^ H$mo N>moS>H$a nQ> $n
go B{JV h {H$ `hm CnYmam (10) Ho$ gX^ | gZwXoeZ `m WmZmVaU
geV h, ha gZwXoeZ `m hVmVaU H$mo EH$ nyU gZwXoeZ `m hVmVaU
mZm OmEJm Ama gZwXoer `m hVmVar, Omo ^r bmJy hmo, H$mo H$e: nyU
gZwXoer `m hVmVar mZm OmEJm&
(9) ~rm H$mZyZ (gemoYZ) A{Y{Z`, 2015 Ho$ ma^ go nhbo bmJy
gZwXoeZ `m hVmVaU Ho$ VhV OrdZ ~rm H$s {H$gr nm{bgr Ho$ {H$gr
gZwXoer `m hVmVar Ho$ H$moB ^r A{YH$ma Ama CnMma Bg IS> Ho$
mdYmZm| go ^m{dV Zht hm|Jo&
(10) {dnarV H$mZyZr ^md dmbo {H$gr ^r H$mZyZ `m MbZ Ho$ ~mdOyX, {H$gr
`{$ Ho$ nj | gZwXoeZ Bg eV na {H$`m Om`oJm {H$ -
H$. nm{bgr H$s Am` nm{bgrYmaH$ `m Zmm{H$V `{$ `m Zmm{H$V
`{$`m| H$mo V^r Xo` hmoJr O~{H$ gZwXoer `m hVmVar H$s `w
~rmYmaH$ Ho$ nhbo hmo JB hmo; `m
I. nm{bgr H$s Ad{Y Ho$ XmamZ Or{dV ~rmH$Vm m` hmoJm:
~eV} {H$ EH$ geV gZwXoer nm{bgr na G$U m H$aZo `m nm{bgr H$m
gnU H$aZo H$m hH$Xma Zht hmoJm&
(11) Cn-Ymam (1) Ho$ VhV ~rm H$s Zr{V H$m Am{eH$ gZwXoeZ `m
hVmVaU Ho$ mbo |, ~rm H$nZr H$s XoZXmar Am{eH$ gZwXoeZ `m
hVmVaU mam gwa{jV am{e VH$ gr{V hmoJr Ama Eogo nm{bgrYmaH$ H$mo
Cgr nm{bgr Ho$ VhV Xo` eof am{e H$mo gZwXoeZ `m hVmV[aV H$aZo H$m
A{YH$ma Zht hmoJm&
AZwbH$-II
ZmmH$Z - ~rm A{Y{Z` 1938 H$s Ymam 39 Ho$ AZwgma, Ogm {H$ ~rm H$mZyZ
(gemoYZ) A{Y{Z`, 2015 go gemo{YV h
(1) AnZo OrdZ na OrdZ ~rm H$m H$moB nm{bgr YmaH$, O~ nm{bgr H$mo
^mdr H$aVm h `m nm{bgr Ho$ mwJVmZ Ho$ {bE n[and$hmoZo Ho$ nhbo H$^r
^r, Eogo `{$ `m `{$`m| H$mo Zmm{H$V H$aVm h {Oh| CgH$s `w H$s
pW{V | nm{bgr mam gwa{jV YZ H$m mwJVmZ {H$`m OmEJm:
mdYmZ h {H$, `{X H$moB Zmm{H$V `{$ Zm~m{bJ h, `h nm{bgr YmaH$
Ho$ {bE dY hmoJm {H$ dh Zmm{H$V `{$ H$s Ad`H$Vm Ho$ XmamZ AnZr
`w H$s pW{V | nm{bgr mam gwa{jV YZ m H$aZo Ho$ {bE {H$gr ^r
`{$ H$mo ~rmH$Vm mam {ZYm[aV VarHo$ Ho$ AZwgma {Z`w$ H$ao&
(2) Eogm H$moB ZmmH$Z ^mdr hmoZo Ho$ {bE, `h nm{bgr n | CopIV
{H$`m OmZm Mm{hE, ~rmH$Vm H$mo ^oOr JB nm{bgr na EH$ nR>mH$Z
mam CopIV {H$`m OmZm Mm{hE, Ama CZHo$ mam nm{bgr go g~{YV
A{^boI | nOrH$V {H$`m hmoZm Mm{hE, Ama nm{bgr Ho$ mwJVmZ Ho$ {bE
n[and$hmoZo go nyd Eogm {H$gr ^r Vah H$m ZmmH$Z H$mo nR>mH$Z, nwZ-
AZwboIZ `m BN>m-n, Omo ^r bmJy hmo, mam a `m n[ad{VV {H$`m
J`m hmo, bo{H$Z O~ VH$ {H$ Bg Vah Ho$ {H$gr ^r arH$aU `m n[adVZ
H$s {bpIV gyMZm ~rmH$Vm H$mo Zht Xr JB hmo, ~rmH$Vm nm{bgr n |
CopIV `m ~rmH$Vm Ho$ [aH$mS> | nOr.V CrXdma H$mo nm{bgr Ho$ VhV
Provided that where the insurer maintains one or more places of
business in India, such notice shall be delivered only at the place
where the policy is being serviced.
(6) The date on which the notice referred to in sub-section (5) is
delivered to the insurer shall regulate the priority of all claims
under a transfer or assignment as between persons interested
in the policy; and where there is more than one instrument of
transfer or assignment the priority of the claims under such
instruments shall be governed by the order in which the notices
referred to in sub-section (5) are delivered: Provided that if any
dispute as to priority of payment arises as between assignees, the
dispute shall be referred to the Authority.
(7) Upon the receipt of the notice referred to in sub-section (5),
the insurer shall record the fact of such transfer or assignment
together with the date thereof and the name of the transferee
or the assignee and shall, on the request of the person by
whom the notice was given, or of the transferee or assignee, on
payment of such fee as may be specified by the regulations, grant
a written acknowledgement of the receipt of such notice; and
any such acknowledgement shall be conclusive evidence against
the insurer that he has duly received the notice to which such
acknowledgment relates.
(8) Subject to the terms and conditions of the transfer or assignment,
the insurer shall, from the date of the receipt of the notice referred
to in sub-section (5), recognize the transferee or assignee named
in the notice as the absolute transferee or assignee entitled to
benefit under the policy, and such person shall be subject to
all liabilities and equities to which the transferor or assignor
was subject at the date of the transfer or assignment and may
institute any proceedings in relation to the policy, obtain a loan
under the policy or surrender the policy without obtaining the
consent of the transferor or assignor or making him a party to
such proceedings.
Explanation Except where the endorsement referred to in
sub-section (1) expressly indicates that the assignment or
transfer is conditional in terms of subsection (10) hereunder,
every assignment or transfer shall be deemed to be an absolute
assignment or transfer and the assignee or transferee, as the
case may be, shall be deemed to be the absolute assignee or
transferee respectively.
(9) Any rights and remedies of an assignee or transferee of a policy
of life insurance under an assignment or transfer effected prior
to the commencement of the Insurance Laws (Amendment) Act,
2015 shall not be affected by the provisions of this section.
(10) Notwithstanding any law or custom having the force of law to
the contrary, an assignment in favour of a person made upon the
condition that-
a. The proceeds under the policy shall become payable to the
policyholder or the nominee or nominees in the event of
either the assignee or transferee predeceasing the insured;
or
b. The insured surviving the term of the policy , shall be valid:
Provided that a conditional assignee shall not be entitled to
obtain a loan on the policy or surrender a policy.
(11) In the case of the partial assignment or transfer of a policy of
insurance under sub-section (1), the liability of the insurer shall
be limited to the amount secured by partial assignment or
transfer and such policyholder shall not be entitled to further
assign or transfer the residual amount payable under the same
policy.
Annexure - II
Nomination - As per Section 39 of the Insurance Act 1938, as
amended by the Insurance Laws (Amendment) Act, 2015
(1) The holder of a policy of life insurance on his own life may, when
effecting the policy or at any time before the policy matures for
payment, nominate the person or persons to whom the money
secured by the policy shall be paid in the event of his death:
Provided that, where any nominee is a minor, it shall be lawful
for the policy holder to appoint any person in the manner laid
down by the insurer, to receive the money secured by policy in
the event of his death during the minority of the nominee.
(2) Any such nomination in order to be effectual shall, unless it is
incorporated in the text of the policy itself, be made by an
endorsement on the policy communicated to the insurer and
registered by him in the records relating to the policy and any
such nomination may at any time before the policy matures for
payment be cancelled or changed by an endorsement or a further
endorsement or a will, as the case may be, but unless notice in
writing of any such cancellation or change has been delivered to
the insurer, the insurer shall not be liable for any payment under
the policy made bona fide by him to a nominee mentioned in the
 {H$gr ^r mwJVmZ Ho$ {bE {OoXma Zht hmoJm&
(3) ~rmYmaH$ mam nm{bgr YmaH$ H$mo EH$ ZmmH$Z nOrH$aU `m arH$aU `m
CgHo$ n[adVZ Ho$ nOrH$aU H$s EH$ {bpIV drH${V XmZ H$s OmEJr,
Ama Bg hoVw Eogo arH$aU `m n[adVZ Ho$ nOrH$aU Ho$ {bE {Z`m| mam
{d{Z{XQ> ewH$ {b`m Om gH$Vm h&
(4) Ymam 38 Ho$ AZwgma ~ZmB JB {H$gr nm{bgr H$m hVmVaU `m gZwXoeZ
dV: ZmmH$Z a H$a XoJm:
~eV} {H$ ~rmH$Vm H$mo nm{bgr H$m gZwXoeZ, Omo gZwXoeZ Ho$ g`
nm{bgr mam ~r{V h, Cg ~rmH$Vm mam nm{bgr H$s gwajm am{e Ho$
AmYma na BgHo$ gnU y` Ho$ AXa {XE JE G$U Ho$ {dMma |, `m
G$U Ho$ nwZmwJVmZ na BgHo$ nwZ-gZwXoeZ ZmmH$Z a Zht H$aoJm,
bo{H$Z Ho$db nm{bgr | ~rmH$Vm Ho$ {hV H$s hX VH$ Zmm{H$V `{$ Ho$
A{YH$mam| H$mo ^m{dV H$aoJm:
~eV} {H$ nm{bgr H$m hVmVaU `m gZwXoeZ, Mmho nyU `m Am{eH$,
hVmVar `m gZwXoer mam nm{bgrYmaH$ H$mo {XE J`o A{J G$U Ho$
{dMma |, ZmmH$Z a Zht H$aoJm bo{H$Z Ho$db hVmVar `m gZwXoer,
nm{bgr | Omo ^r bmJy hmo, Ho$ {hV H$s hX VH$ Zmm{H$V `{$ Ho$
A{YH$mam| H$mo ^m{dV H$a gH$Vm h:
`h ^r mdYmZ {H$`m J`m h {H$ ZmmH$Z, Omo {H$ hVmVaU `m gZwXoeZ
na dMm{bV $n go a H$a {X`m J`m h, dhr ZmmH$Z dMm{bV $n
go nwZOr{dV hmo OmEJm O~ ~rmH$Vm H$mo nm{bgr H$s gwajm Ho$ Abmdm
A` G$U Ho$ nwZmwJVmZ na gZwXoer mam nm{bgr H$mo nwZ: gZwXoeZ `m
hVmVar mam nwZ: hVmV[aV, nm{bgrYmaH$ Ho$ nj |, {H$`m OmVm h&
(5) Ohm ~r{V `{$ Ho$ OrdZH$mb Ho$ XmamZ mwJVmZ Ho$ {bE nm{bgr
n[and$hmoVr h `m Ohm Zmm{H$V `{$ `m, `{X EH$ go A{YH$ Zmm{H$V
`{$ h, nm{bgr Ho$ mwJVmZ Ho$ {bE n[and hmoZo go nwd g^r Zmm{H$V
`{$`m| H$s `w hmo OmVr h, Vmo nm{bgr mam gwa{jV am{e nm{bgrYmaH$,
`m CgHo$ dm[ag `m H$mZyZr {V{Z{Y `m Cmam{YH$ma mU n Ho$ YmaH$,
Omo ^r bmJy hmo, H$mo Xo` hmoJr&
(6) Ohm Zmm{H$V `{$ `m, `{X EH$ go A{YH$ Zmm{H$V `{$ h, Vmo g^r
Zmm{H$V `{$ ~r{V `{$ H$s `w VH$ Or{dV ahVo h Vmo nm{bgr mam
gwa{jV am{e Eogo Or{dV `m Or{dV `{$`m| H$mo Xo` hmoJr&
(7) Bg IS> Ho$ A` mdYmZm| Ho$ AYrZ, Ohm AnZo OrdZ na ~rm H$s
nm{bgr H$m YmaH$ AnZo mVm-{nVm, `m CgHo$ n{V/nZr `m CgHo$ ~m|,
`m CgHo$ n{VnZr Ama ~o, `m CZ| go {H$gr H$mo ^r Zmm{H$V H$aVm
h Vmo dh Zmm{H$V `{$ `m do g^r Zmm{H$V `{$ Cn-Ymam (6) Ho$
VhV ~rmH$Vm mam Xo` am{e Ho$ hH$Xma hm|Jo O~ VH$ {H$ `h gm{~V Zht
{H$`m OmVm h {H$ nm{bgrYmaH$ Zo, nm{bgr Ho$ {V CgHo$ A{YH$ma H$s
.{V Ho$ g~Y |, Zmm{H$V `{$ Vmo Eogm H$moB ^r bm^H$mar A{YH$ma
XmZ Zht {H$`m h&
(8) Cnamo$ {df` |, Ohm Zmm{H$V `{$, `m `{X EH$ go A{YH$ Zmm{H$V
`{$ h, Vmo g^r Zmm{H$V `{$, {OZ na Cn-Ymam (7) bmJy hmoVr h,
H$s `w ~r{V `{$ Ho$ ~mX hmoVr h bo{H$Z nm{bgr mam gwa{jV Om
am{e Ho$ mwJVmZ go nhbo, nm{bgr mam gwa{jV am{e, `m nm{bgr mam
gwa{jV CVZr am{e Omo Zmm{H$V `{$ `m Bg Vah V CrXdmam| (Omo
^r bmJy hmo) H$s {hgoXmar H$m {V{Z{Yd H$aVr h, Zmm{H$V `{$ `m
Zmm{H$V `{$`m| Ho$ dm[ag `m H$mZyZr {V{Z{Y`m| `m Cmam{YH$ma mU
n Ho$ YmaH$, Omo ^r bmJy hmo, H$mo Xo` hmoJr Ama do Eogr aH$ Ho$ hH$Xma
bm^mWr hm|Jo&
(9) Cn-YmamAm| (7) Ama (8) H$mo H$moB ^r mdYmZ {H$gr ^r boZXma Ho$
A{YH$ma H$mo ZQ> `m ~m{YV H$aZo H$m H$m Zht H$aoJm {Ogo OrdZ ~rm
H$s {H$gr ^r nm{bgr H$s Am` go mwJVmZ {H$`m OmZm h&
(10) Cn-YmamAm| (7) Ama (8) Ho$ mdYmZ OrdZ ~rm H$s CZ g^r
nm{b{g`m| na bmJy hm|Jo Omo ~rm H$mZyZ (gemoYZ) A{Y{Z`, 2015 H$s
ewAmV Ho$ ~mX mwJVmZ Ho$ {bE n[and hB h&
(11) Ohm nm{bgrYmaH$ nm{bgr H$s n[andVm Ho$ ~mX a OmVm h bo{H$Z
CZH$s `w Ho$ H$maU CZH$s nm{bgr H$m bm^ Ama $m`Xm Ch| Zht {b
nm`m h, Eogo mbo |, CgHo$ Zmm{H$V `{$ CgH$s nm{bgr Ho$ bm^
Ama $m`Xo Ho$ hH$Xma hm|Jo&
(12) Bg Ymam Ho$ mdYmZ OrdZ ~rm H$s {H$gr ^r nm{bgr na bmJy Zht hm|Jo,
{Og na {ddm{hV {hbm gn{m A{Y{Z`, 1874 H$s Ymam 6 bmJy hmoVr
h `m {H$gr ^r g` bmJy hmo MwH$s h;
mdYmZ h {H$ Ohm ZmmH$Z, ~rm H$mZyZ (gemoYZ) A{Y{Z`, 2015
H$s ewAmV | `m ~mX |, ~r{V `{$ H$s nZr Ho$ nj | `m CgH$s
nZr Ama ~m| Ho$ nj | `m CZ| go {H$gr Ho$ ^r nj | `$ {H$`m J`m
h, Mmho nm{bgr Ho$ n> na hmo `m Zht, Ogm {H$ Bg IS> Ho$ VhV {H$`m
Om ahm h, C$ AZw^mJ 6 H$mo nm{bgr na bmJy Zht hmoZm `m `m bmJy Zht
hmo MwH$m hmoZm mZm OmEJm&
AZwbH$-III
~rm H$mZyZ 1938 Ho$ AZwgma Ymam 45, Ogm {H$ ~rm H$mZyZ (gemoYZ)
A{Y{Z`, 2015 mam gemo{YV h
(1) OrdZ ~rm H$s H$moB ^r nm{bgr, nm{bgr H$s VmarI go VrZ df H$s
text of the policy or registered in records of the insurer.
(3) The insurer shall furnish to the policy holder a written
acknowledgement of having registered a nomination or a
cancellation or change thereof, and may charge such fee as may
be specified by regulations for registering such cancellation or
change.
(4) A transfer or assignment of a policy made in accordance with
section 38 shall automatically cancel a nomination: Provided that
the assignment of a policy to the insurer who bears the risk on
the policy at the time of the assignment, in consideration of a
loan granted by that insurer on the security of the policy within
its surrender value, or its reassignment on repayment of the
loan shall not cancel a nomination, but shall affect the rights
of the nominee only to the extent of the insurers interest in
the policy: Provided further that the transfer or assignment of
a policy, whether wholly or in part, in consideration of a loan
advanced by the transferee or assignee to the policyholder,
shall not cancel the nomination but shall affect the rights of the
nominee only to the extent of the interest of the transferee or
assignee, as the case may be, in the policy: Provided also that the
nomination, which has been automatically cancelled consequent
upon the transfer or assignment, the same nomination shall
stand automatically revived when the policy is reassigned by
the assignee or retransferred by the transferee in favour of the
policyholder on repayment of loan other than on a security of
policy to the insurer.
(5) Where the policy matures for payment during the lifetime of the
person whose life is insured or where the nominee or, if there are
more nominees than one, all the nominees die before the policy
matures for payment, the amount secured by the policy shall be
payable to the policyholder or his heirs or legal representatives or
the holder of a succession certificate, as the case may be.
(6) Where the nominee or if there are more nominees than one, a
nominee or nominees survive the person whose life is insured,
the amount secured by the policy shall be payable to such
survivor or survivors.
(7) Subject to the other provisions of this section, where the holder
of a policy of insurance on his own life nominates his parents, or
his spouse, or his children, or his spouse and children, or any of
them, the nominee or nominees shall be beneficially entitled to
the amount payable by the insurer to him or them under sub-
section (6) unless it is proved that the holder of the policy, having
regard to the nature of his title to the policy, could not have
conferred any such beneficial title on the nominee.
(8) Subject as aforesaid, where the nominee, or if there are more
nominees than one, a nominee or nominees, to whom sub-
section (7) applies, die after the person whose life is insured but
before the amount secured by the policy is paid, the amount
secured by the policy, or so much of the amount secured by the
policy as represents the share of the nominee or nominees so
dying (as the case may be), shall be payable to the heirs or legal
representatives of the nominee or nominees or the holder of
a succession certificate, as the case may be, and they shall be
beneficially entitled to such amount.
(9) Nothing in sub-sections (7) and (8) shall operate to destroy or
impede the right of any creditor to be paid out of the proceeds of
any policy of life insurance.
(10) The provisions of sub-sections (7) and (8) shall apply to all policies
of life insurance maturing for payment after the commencement
of the Insurance Laws (Amendment) Act, 2015.
(11) Where a policyholder dies after the maturity of the policy but
the proceeds and benefit of his policy has not been made to him
because of his death, in such a case, his nominee shall be entitled
to the proceeds and benefit of his policy.
(12) The provisions of this section shall not apply to any policy of life
insurance to which section 6 of the Married Womens Property
Act, 1874, applies or has at any time applied; Provided that where
a nomination made whether before or after the commencement
of the Insurance Laws (Amendment) Act, 2015, in favour of the
wife of the person who has insured his life or of his wife and
children or any of them is expressed, whether or not on the face
of the policy, as being made under this section, the said section 6
shall be deemed not to apply or not to have applied to the policy.
Annexure - III
Section 45 as per the Insurance Act 1938, as amended by the
Insurance Laws (Amendment) Act, 2015
(1) No policy of life insurance shall be called in question on any
 gm{ Ho$ ~mX, `mZr nm{bgr Omar H$aZo H$s VmarI go `m OmopI Ho$
ma^ H$s VmarI go `m nm{bgr Ho$ ZdrH$aU H$s {V{W go `m nm{bgr Ho$
amBS>a H$s {V{W go, Omo ^r ~mX | hmo, {H$gr ^r AmYma na {H$gr ^r
H$maU go Z Zht CR>m`m OmEJm&
(2) nm{bgr Omar H$aZo H$s {V{W go VrZ dfm| Ho$ ^rVa, `m{Z OmopI Ho$ ma^
H$s VmarI go `m nm{bgr Ho$ ZdrH$aU H$s {V{W go `m nm{bgr Ho$ amBS>a
H$s {V{W go, Omo ^r ~mX | hmo, YmoImYS>r Ho$ AmYma na {H$gr ^r g`
OrdZ ~rm nm{bgr na Z CR>m`m Om gH$Vm h:
mdYmZ h {H$ ~rmH$Vm H$mo, CZ AmYma Ama gmJr Ho$ ~mao | {Og
na Bg Vah Ho$ {ZU` AmYm[aV h, ~r{V `{$ go `m CgHo$ H$mZyZr
{V{Z{Y go `m ~rmYmaH$ Ho$ Zmm{H$V `{$ go `m gZwXoeZ `{$ go
{bpIV | gdmX H$aZm hmoJm&
nQ>rH$aU I- Bg Cn-Ymam Ho$ `moOZm| Ho$ {bE, A{^`{$ ""YmoImYS>r''
H$m AW ~rmYmaH$ mam `m CgHo$ EO|Q> mam, ~rmH$Vm H$mo YmoIm XoZo `m
~rmH$Vm H$mo OrdZ ~rm nm{bgr Omar H$aZo Ho$ {bE o[aV H$aZo Ho$ BamXo
go, {H$E JE {ZZ H$m`m| | go H$moB ^r h:-
(H$) gwPmd, EH$ Eogo V` Ho$ $n | Omo {H$ gM Zht h Ama Omo
~rmYmaH$ gM Zht mZVm h;
(I) V` Ho$ kmZ `m {ddmg aIZo dmbo ~rmH$Vm mam EH$ V` H$mo
g{H$` $n go {N>nmZm;
(J) YmoIm XoZo hoVw {H$`m J`m H$moB A` H$m`; VWm
(K) H$moB ^r Eogm H$m` `m MyH$ {Ogo H$mZyZ {deof $n go YmoImYS>r
Kmo{fV H$aVm h&
nQ>rH$aU II- Ho$db ~rmH$Vm mam OmopI Ho$ AmH$bZ H$mo ^m{dV
H$aZo H$s g^mdZm dmbo V` na Mwnr aIZm YmoImYS>r Zht h, O~
VH$ {H$ mbo H$s n[apW{V`m Eogr Zht hmoVt {H$ CZ| g~Y hmo, `h
~rmH$Vm `m CgHo$ EO|Q> H$m H$V` h, ~mobZo Ho$ {bE Mwnr aIo, `m O~
VH$ CgH$s Mwnr, AnZo Amn |, ~mobZo Ho$ ~am~a hmo&
(3) CnYmam (2) Ho$ {H$gr ^r d$` go nao, H$moB ^r ~rmH$Vm YmoImYS>r Ho$
AmYma na OrdZ ~rm nm{bgr H$mo AdrH$ma Zht H$aoJm `{X ~rmH$Vm
`h gm{~V H$a gH$Vm h {H$ EH$ ^m{VH$ V` H$s JbV `m`m `m XZ
CZHo$ gdm}m kmZ Ama {ddmg Ho$ AmYma na ghr Wm `m `h {H$ CZH$m
V` H$mo X~mZo Ho$ {bE H$moB BamXm Zht Wm `m `h {H$ EH$ ^m{VH$ V`
Ho$ Bg Vah Ho$ JbV AW `m XZ ~rmH$Vm H$s OmZH$mar | h:
mdYmZ h {H$ YmoImYS>r Ho$ mbo |, AJa nm{bgrYmaH$ Or{dV Zht h,
Vmo PwR> H$mo hVmogm{hV H$aZo H$s {OoXmar bm^m{W`m| na h&
nQ>rH$aU - ~rmH$Vm Ho$ EOQ> d$n EH$ `{$ Omo ~rm AZw~Y H$m
AZwamoY H$aVm h Ama ~mVMrV H$aVm h H$mo AZw~Y Ho$ JR>Z Ho$ Co` Ho$
{bE gPm OmEJm &
(4) nm{bgr Omar H$aZo H$s {V{W go `m OmopI Ho$ ma^ H$s VmarI go `m
nm{bgr Ho$ ZdrH$aU H$s {V{W go `m nm{bgr Ho$ amBS>a H$s {V{W go, ^r
~mX | hmo, VrZ gmb Ho$ ^rVa {H$gr ^r g` OrdZ ~rm nm{bgr na Bg
AmYma na gdmb CR>m`m Om gH$Vm h {H$ ~rmH$Vm Ho$ OrdZ H$s `mem
go g~{YV V`mH$ gmJr H$m H$moB H$WZ `m XZ JbV VarHo$ go CZ
Vmd `m A` XVmdoO | {H$`m J`m Wm {OgHo$ AmYma na nm{bgr
Omar H$s JB Wr `m Zdr.V H$s JB Wr `m amBS>a Omar {H$`m J`m Wm:
mdYmZ h {H$ ~rmH$Vm H$mo ~r{V `{$ go `m H$mZyZr {V{Z{Y `m
Zmm{H$V `{$ `m ~rmYmaH$ Ho$ gZwXoer go Cg AmYma Ama gmJr Ho$
~mao | {bpIV | gdmX H$aZm hmoJm {Og na OrdZ ~rm H$s nm{bgr H$mo
AdrH$ma H$aZo H$m {ZU` AmYm[aV h:
AmJo mdYmZ h {H$ {H$gr ^m{VH$ V` H$s JbV$hr `m XZ Ho$ AmYma
na, bo{H$Z YmoImYS>r Ho$ AmYma na Zht, nm{bgr H$mo AdrH$ma H$aZo Ho$
mbo | AdrH${V H$s VmarI VH$ nm{bgr na EH${V r{` ~r{V
`{$ `m H$mZyZr {V{Z{Y `m Zmm{H$V `{$ `m ~rmYmaH$ Ho$ gZwXoer
H$mo Eogr AdrH${V H$s VmarI go Z~o {XZm| H$s Ad{Y Ho$ ^rVa mwJVmZ
H$s OmEJr&
nQ>rH$aU -Bg Cn-Ymam Ho$ `moOZm| Ho$ {bE, V` H$s {`m H$WZ
`m XZ H$mo gmJr Zht mZm OmEJm O~ VH$ {H$ BgH$m ~rmH$Vm mam
{H$E JE OmopI na `j Aga Zht hmoVm h, `h gm{~V H$aZm ~rmH$Vm
H$s {OoXmar h {H$ `{X ~rmH$Vm H$mo Bg V` go AdJV H$am`m J`m
hmoVm Vmo ~rmYmaH$ H$mo H$moB OrdZ ~rm nm{bgr Omar Zht H$s JB hmoVr&
(5) `h Ymam ~rmH$Vm H$mo {H$gr ^r g` Am`w H$m gm` mJZo go Zht amoH$Vr
h AJa dh Eogm H$aZo H$m hH$Xma h, Ama {H$gr ^r nm{bgr na {g$
Bg{bE {H$ nm{bgr H$s eVm| H$mo ~mX Ho$ mU na gm`mo{OV {H$`m OmVm
h {H$ OrdZ ~rmYmaH$ H$s Am`w Vmd | JbV VarHo$ go ~VmB JB Wr,
Z Zht CR>m`m OmEJm&
ground whatsoever after the expiry of three years from the date
of the policy, i.e. from the date of issuance of the policy or the
date of commencement of risk or the date of revival of the policy
or the date of the rider to the policy, whichever is later.
(2) A policy of life insurance may be called in question at any time
within three years from the date of issuance of the policy or the
date of commencement of risk or the date of revival of the policy
or the date of the rider to the policy, whichever is later on the
ground of fraud:
Provided that the insurer shall have to communicate in writing to
the insured or the legal representatives or nominees or assignees
of the insured the grounds and materials on which such decision
is based.
Explanation I- For the purposes of this sub-section, the
expression fraud means any of the following acts committed by
the insured or by his agent, with the intent to deceive the insurer
or to induce the insurer to issue a life insurance policy:-
(a) the suggestion, as a fact of that which is not true and which
the insured does not believe to be true;
(b) the active concealment of a fact by the insured having
knowledge or belief of the fact;
(c) any other act fitted to deceive; and
(d) any such act or omission as the law specially declares to be
fraudulent.
Explanation II- Mere silence as to facts likely to affect the
assessment of the risk by the insurer is not fraud, unless the
circumstances of the case are such that regard being had to them,
it is the duty of the insured or his agent, keeping silence to speak,
or unless his silence is, in itself, equivalent to speak.
(3) Notwithstanding anything contained in subsection (2), no insurer
shall repudiate a life insurance policy on the ground of fraud if
the insured can prove that the misstatement of or suppression of
a material fact was true to the best of his knowledge and belief
or that there was no deliberate intention to suppress the fact or
that such misstatement of or suppression of a material fact are
within the knowledge of the insurer: Provided that in case of
fraud, the onus of disproving lies upon the beneficiaries, in case
the policyholder is not alive.
Explanation A person who solicits and negotiates a contract of
insurance shall be deemed for the purpose of the formation of
the contract, to be the agent of the insurer.
(4) A policy of life insurance may be called in question at any time
within three years from the date of issuance of the policy or the
date of commencement of risk or the date of revival of the policy
or the date of the rider to the policy, whichever is later, on the
ground that any statement of or suppression of a fact material to
the expectancy of the life of the insured was incorrectly made in
the proposal or other document on the basis of which the policy
was issued or revived or rider issued:
Provided that the insurer shall have to communicate in writing to
the insured or the legal representatives or nominees or assignees
of the insured the grounds and materials on which such decision
to repudiate the policy of life insurance is based:
Provided further that in case of repudiation of the policy on the
ground of misstatement or suppression of a material fact, and not
on the ground of fraud the premiums collected on the policy till
the date of repudiation shall be paid to the insured or the legal
representatives or nominees or assignees of the insured within a
period of ninety days from the date of such repudiation.
Explanation - For the purposes of this sub-section, the
misstatement of or suppression of fact shall not be considered
material unless it has a direct bearing on the risk undertaken
by the insurer, the onus is on the insurer to show that had the
insurer been aware of the said fact no life insurance policy would
have been issued to the insured.
(5) Nothing in this section shall prevent the insurer from calling for
proof of age at any time if he is entitled to do so, and no policy
shall be deemed to be called in question merely because the
terms of the policy are adjusted on subsequent proof that the
age of the life insured was incorrectly stated in the proposal.
 ZmoQ> : AJa AmnH$s H$moB {eH$mV/gm, hmo Vmo Amn {eH$mV {ZdmaU A{YH$mar/bmoH$nmb go gnH$ H$a gH$Vo h, {OZH$m nVm ZrMo {Xm Jm h&
NOTE: In case you have any Complaints/Grievance, you may approach Grievance Redressal Officer / Ombudsman, whose address is as under:

emIm H$mmb H$m nVm /Address of Branch Office:

{eH$mV {ZdmaU A{YH$mar H$m nVm / ~rm bmoH$nmb H$m nVm

Address of Grievance Redressal Officer: Address of Insurance Ombudsman:

ZmoQ> : Bg {Zm| VWm eVm] Ama {deof mdYmZm|/eVm] H$s mm | H$moB {ddmX hmoZo na AJoOr nmR> m hmoJm&
Note: In case of dispute in respect of interpretation of these terms and conditions and special provisions / conditions the English version shall stand valid

Amngo AZwamoY h {H$ Bg nm{bgr H$s OmM H$a b| VWm Bg| H$moB w{Q> nmE OmZo na Cgo gwYma Ho$ {bE VwaV h| bmQ>mE
YOU ARE REQUESTED TO EXAMINE THIS POLICY, AND IF ANY MISTAKE BE FOUND THEREIN, RETURN IT IMMEDIATELY FOR CORRECTION.

AmB Ama S>r E AmB nOrH$aU gm : 512

IRDAI Regn. No.: 512