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Product Circular
Bajaj Allianz CashRich Insurance Plan
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Product Development
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Product Development
2. PRODUCT TYPE
Bajaj Allianz CashRich Insurance Plan is a Limited Premium Payment, Participating Individual Non Linked
Endowment Plan.
The key features of this plan are:
Flexibility to
Select limited premium paying term (PPT) from 5 years to 30 years, in multiple of 5 only.
Option to:
o Keep the policy in-force for full Sum Assured for a period of two years, even if the Policyholder miss to
pay premiums on due dates, provided the Policyholder has paid at least 3 years premiums in full.
o Convert the policy to a single premium term cover with return of premium (ROP) policy, provided
the Policyholder has paid at least 5 years premiums in full.
3. POLICY CONTRACT
Policy Contract The basis of the contract will be the Proposal Form filled by the Proposer. The policy
document will be the evidence of the contract.
0 yrs
(Age attained 18 years in case of Additional Rider Benefits)
60 years
(Age attained 50 years in case of Additional Rider Benefits)
Minimum Age at
Maturity
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100 years
Policy Term
Minimum: 10 years
Maximum: 65 years
Premium Paying
Term (PPT)
5, 10, 15, 20, 25 & 30 years, subject to the maximum premium ceasing age
of 65 years.
The policy term less the PPT is called the Cash Back Period and it can be
any term between 5 & 35 years
Minimum Premium
Maximum Premium
Sum Assured
Premium Payment
The modal premium for frequencies other than annual mode is arrived at
Frequency Factor
Monthly
Quarterly
Half
yearly
Yearly
Frequency Factor
(freq)
0.09
0.26
0.51
1.00
6. PRODUCT DESCRIPTION
The whole policy term consists of two phases: a premium payment term and a cash back period, both
selected by the Policyholder at the inception of the policy.
At the end of the premium payment term, the accumulated compound reversionary bonus shall be payable
to the Policyholder, followed by the payment of Cash Back benefit of 5% of the sum assured plus the
annual cash bonus (if any as declared by the company), at the end of each policy year, till the end of the
policy term. On maturity of the policy, full sum assured plus the terminal bonus, if any, is also payable to
the Policyholder.
In case of unfortunate death of the life assured during the premium payment term, the sum assured plus
the accumulated compound reversionary bonus plus interim bonus, if any plus terminal bonus, if any, is
payable to the nominee. On the happening of such death after the premium payment term but during the
cash back period, irrespective of the Cash Back benefits paid to the Policyholder before the death, the full
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8. STAFF REBATE
Staff Rebate of 7.5% of calculated premium will be offered under the plan.
9. OPTION TO PAY ADVANCE PREMIUM
The Policyholder may pay premiums in advance in lump sums. (Refer Annexure B)
The company shall allow appropriate discount on payment of advance premiums at rate of interest
declared by the company every financial year.
In case of death of the Life Assured or if the policy is surrendered, such advance premiums paid will be
refunded to the Policyholder
10. DEFINITIONS
1.
2.
Sum Assured: This is the benefit amount the Policyholder need to choose at inception of the policy for
receiving the cash back benefits, the maturity benefit and, if applicable, the surrender benefit under the
plan. This is the minimum benefit amount payable upon death of the Life Assured
Paid-Up Sum Assured: This is applicable when the Policyholder discontinues the payment of premium
under the policy after paying at least 3 years premiums in full. This amount is arrived at, as on due date of
first unpaid premium, by multiplying the prevailing Sum Assured with the ratio of the number of
premiums paid to the number of premiums payable under the policy.
11. BONUS
The Company will carry out annual valuation (as per the current IRDA regulation) at the end of each financial
year and may declare following bonuses for the policies where all the due premiums have been paid.
a. Compound Reversionary Bonus: This is a regular bonus expressed as a percentage and is applied to the Base
Sum Assured and the compound reversionary bonus amount already attached to the policy. The compound
reversionary bonus, once declared, shall vest in the policy immediately, provided all due premiums have
been paid and shall be payable as part of the death benefit or as survival benefit at the end of the premium
paying term.
b. Interim Bonus: The Company may pay interim bonus as well for the policies, where any premium has been
paid after the last valuation date and the death or survival benefit at the end of PPT is payable before the next
valuation date.
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In case of unfortunate demise of the Life Assured during the premium paying term and provided all
the due premiums have been paid, the company will pay the Sum Assured plus the applicable
bonuses (see section 9) to the nominee.
In case of unfortunate demise of the Life Assured during the premium paying term but the policy is
in auto cover period, the company will pay the Sum Assured plus the applicable bonuses to the
nominee after deducting all the due-but-unpaid premiums along with applicable interest.
In case of unfortunate demise of the Life Assured when the policy is paid-up, the company will pay
the below mentioned death benefit to nominee :
Death during PPT: Paid-up Sum Assured plus the applicable bonuses.
Death during cash back period: Paid-up Sum Assured.
In case of unfortunate demise of the Life Assured after the premium paying term but during the
cash back period, provided all due premiums have been paid, the company will pay the Sum Assured
plus the terminal bonus, if any, to the nominee.
In case of unfortunate demise of the Life Assured after the premium paying term but during the
cash back period and if the policy is paid up, the company will pay the paid-up Sum Assured only.
In case of unfortunate demise of the Life Assured after the policy has been converted to a single
premium term cover with return of premium (ROP), the Company will pay the revised Sum Assured,
i.e., the Sum Assured ascertained at the time of such conversion of the policy.
No death benefit shall be payable in case the policy is lapsed.
Any advance premium paid under the policy will be refunded to the policyholder (as paid, without
any interest) along with any death benefit payable
b) SURVIVAL BENEFIT
At the end of the premium paying term, the Policyholder will receive the compound reversionary bonus
accrued during the premium paying term, provided the policy is in-force or paid-up but not converted to a
single premium term cover with return of premium (ROP).
c)
CASH-BACK BENEFIT
At the end of each policy year, during the Cash Back period, Cash Back benefit equal to 5% of the Sum
Assured plus the cash bonus, if any, is payable every policy year till the end of the policy term;
provided the policy is in-force or is paid-up but not converted to a single premium term cover with
ROP.
If the policy is paid-up the Cash Back benefit will be 5% of the paid-up sum assured and any cash
bonus as declared at the end of each policy year. The cash bonus rate for a paid-up policy can be
different.
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If the policy is in-force for full Sum Assured, then, on the maturity date the Policyholder will receive
the Sum Assured plus the terminal bonus, if any, as maturity benefit.
However, if the policy is paid up, then, the maturity benefit shall be the paid- up Sum Assured.
In case the policy is converted to a single premium term cover with return of premium (ROP), then,
the maturity benefit shall be the single premium, as determined as on the date of such conversion.
e) SURRENDER BENEFIT
If the policy is being surrendered by the policyholder before it is converted to a Single Premium Term
Cover with ROP, the below conditions will apply:
The policy can be surrendered provided at least three (3) full years premiums have been paid and after
completion of three (3) policy years.
The surrender value payable will be the higher of the guaranteed surrender value (GSV) or the special
surrender value (SSV).
The GSV is equal to 30% of premiums paid excluding the first years premium, premiums for all additional
rider benefits, if any, and extra premiums, if any.
The SSV will be arrived at by multiplying the paid-up Sum Assured plus the vested bonus (if the vested
bonus has not already been paid out to the Policyholder), as on the date of surrender, with the SSV factor.
The SSV factors will be declared by the company from time to time.
If the policy has been converted to a SPTC with ROP, the surrender value shall be determined as
mentioned below:
The surrender value will be the higher of the Guaranteed Surrender Value and the Special Surrender
Value with respect to the SPTC with ROP.
The guaranteed surrender value will be 30% of the single premium, as determined as on date of such
conversion to a SPTC with ROP.
The special surrender value will be based on the special surrender value factor in respect of the SPTC with
ROP, which will be applied on the said single premium. The factors will be declared by the company from
time to time.
(UIN : 116B002V01)
(UIN : 116B009V01)
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(UIN : 116C007V01)
(UIN : 116C008V01)
Comprehensive Accidental Protection Rider, Supplementary Death Benefit Rider and Family Income Benefit
Rider shall be allowed also on the Proposer Life where the Life Assured is a minor.
The rider benefits should be read in conjunction with the Rider Circular.
The Sum Assured for rider(s) cannot exceed the Sum Assured under the plan subject to the applicable
minimum/maximum Sum Assured for the particular rider and the minimum applicable Sum Assured under
the plan.
The minor Life Assured, upon attaining majority, shall have the option to choose any of the above riders. The
term of the rider should be less than or equal to the outstanding PPT (whole number, rounded
down,outstanding PPT being greater than or equal to 5 years), subject to the minimum/ maximum term/age
for the particular rider.
If the Life Assured chooses CAP and/or FIB rider/s, both the CAP and FIB riders on the Proposers life, if
taken, have to be, invariably, discontinued.
If FIB/CAP (on the proposers life where the Life Assured is minor) becomes payable then the LA upon
attaining majority cannot opt for any of the riders available under the plan.
Rs 50,00,000 under all the Bajaj Allianz Life Insurance policies of the Policyholder taken together.
The accidental death benefit shall be payable if the policy is in force for the full Sum Assured. Death must occur
within 180 days of the accident as a direct result of the accident.
ii) Accidental Permanent Total/ Partial Disability Benefit
i.
ii.
iii.
iv.
v.
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The amount payable in the event of accidental permanent partial disability will be the lower one of:
Rs 25,00,000 under all the BJAZ policies of the Policyholder taken together.
If the Policyholder did not receive a benefit for accidental permanent partial disability before, the amount
payable in the event of accidental permanent total disability will be the lower one of:
Rs 50,00,000 under all the Bajaj Allianz Life Insurance policies of the Policyholder taken together
If the Policyholder did receive a benefit for accidental permanent partial disability before and the time passed
from the occurrence of the partial disability is less than one year, the amount payable in the event of accidental
permanent total disability will be the lower one of:
Rs 25,00,000 under all the Bajaj Allianz Life Insurance polices of the Policyholder taken together
If the Policyholder did receive a benefit for accidental permanent partial disability before and the time passed
from the occurrence of the partial disability is at least one year, the amount payable in the event of accidental
permanent total disability will be the lower one of:
Rs 50,00,000 under all the Bajaj Allianz Life Insurance polices of the Policyholder taken together
The Policyholder can receive an accidental permanent total disability benefit only once under all the policies of
the Policyholder. The Accidental Permanent Total/Partial Disability benefit shall be payable if the policy is in
force for the full Sum Assured.
The Policyholder has the option to receive the Accidental Permanent Total benefit either as a lump sum or as a
guaranteed annuity for a period 10 years. In case the Policyholder opts for the guaranteed annuity, the amount
payable per year is 11% of the claim amount.
iii) Waiver of Premium Benefit in case of Accidental Permanent Total Disability
The waiver of premium benefit can only be chosen if the issue age of the Policyholder is not less than 18 and not
more than 50 years. If selected, coverage is provided until the age being 65. In the event of accidental
permanent total disability (as described above) the premium for all benefits are waived, and Hospital Cash
Benefit, if included, ceases the full insurance coverage for all benefits remains.
The Waiver Of Premium benefit shall be available if the policy is in force for the full Sum Assured and the
claim for accidental permanent total disability is admitted by the company.
b) SUPPLEMENTARY DEATH BENEFIT
This is a non linked rider to be attached to a base plan. The Life Assured for this rider has to be the Life Assured
under the base plan; or if the Life Assured under the base plan is a minor, it can be the Proposer of the base
plan.
The rider can only be chosen if the issue age of the Policyholder is not less than 18 and not more than 50 years.
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The policy shall remain in-force for the full Sum Assured, except for the additional rider benefit(s), if any,
for 2 successive years (auto cover period) from the due date of first unpaid premium
The Policyholder can restart premiums payment anytime during the auto cover period by paying all due
premiums with applicable interest.
No bonus shall vest during the auto-cover period but bonus vested till the date of first unpaid premium
shall remain attached in the policy.
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If death happens during the auto-cover period, the death benefit shall be Sum Assured Plus vested bonus
Plus terminal bonus, if any, minus premiums due-but-unpaid along with applicable interest till the date of
death.
After premium are adjusted from the death benefit payable (as mentioned above), any compound
reversionary bonus becoming due (because of the revised date of first unpaid premium) will be attached
to the policy and will be payable with the death benefit.
At the end of PPT, even if the policy is in auto-cover, the compound reversionary bonus vested up to the
due date of first unpaid premium will be paid to the Policyholder as survival benefit.
If the cash back period starts before the expiry of the auto-cover period, the auto-cover period will be
terminated and the policy will be converted to a paid-up policy, and benefits as per a paid-up policy will
be available.
b) PAID-UP POLICY
If the Policyholder fails to restart premiums payment during the auto cover period, the policy shall be
converted to a paid up policy on completion of auto-cover period
The Sum Assured will be reduced by a factor equal to the proportion of the number of premiums paid to
the total number of premiums payable. The reduced Sum Assured is called the paid-up Sum Assured.
The vested bonus as on the paid-up date shall remain attached to the policy. A paid-up policy will not
accrue any further bonus. If the policy has not been terminated earlier for any reason, at the end of the
PPT, the vested bonus will be paid to the Policyholder as survival benefit.
During the Cash Back Period, Cash Back Benefit of 5% of the paid-up Sum Assured along with any cash
bonus (based on the paid-up Sum Assured) will be paid at the end of each policy year to the Policyholder.
On death during the PPT, the paid-up Sum Assured and vested bonus upto the premium paid-to-date is
paid as death benefit. In a paid-up policy, in case of death during the Cash Back Period, the paid-up Sum
Assured will be paid as death benefit. The policy will terminate after the payment of death benefit.
On the maturity date, the paid-up Sum Assured will be paid and the policy will terminate.
If the total paid-up Sum Assured plus the vested bonus under the policy is less than Rs. 1,000/-, then the
policy will be terminated immediately and any residual surrender value will be paid to the Policyholder.
If at least 5 years premiums are paid & subsequent premiums are not paid, after the expiry of the auto-cover
period, the Policyholder can select from the following options:
(i) Continue the policy as a paid-up policy
(ii) Opt to convert the policy into a SPTC with ROP provided the outstanding term of the policy is at
least 5 years and a maximum of 30 years by giving a written notice to the company at least 30 days
before the end of the auto-cover period. Such conversion shall result into the following:
The Sum Assured for the SPTC with ROP will be determined using the surrender value available on the
date of conversion and the outstanding policy term (a whole number, rounded down)
The remaining term under the policy will be policy term of the SPTC with ROP; subject to a minimum of 5
years and maximum of 30 years. The policy term of the SPTC with ROP will be a whole number; rounded
down.
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Such revised Sum Assured shall not exceed the original Sum Assured under the policy.
The single premium rates for the SPTC with ROP are given in Annexure A. The rates can be revised by the
company at anytime, with the prior approval of the IRDA.
Any residual surrender value available after adjusting for the single premium of SPTC with ROP will be
paid-out to the Policyholder immediately.
On such conversion, the maturity date will be reset, if applicable, through an endorsement.
On death during the term of the SPTC with ROP, the death benefit will be the revised Sum Assured under
the SPTC with ROP.
On the revised (reset) maturity date, the single premium used for the conversion of the policy to a SPTC
with ROP will be paid as maturity benefit and the policy will terminate.
If the Policyholder fails to choose and communicate to the Company about the option chosen from options (i)
and (ii) above, the default option will be option (i), wherein the policy shall continue as a paid-up policy.
If the policy is lapsed, in auto-cover, paid-up or converted to a SPTC with ROP, any additional rider will
terminate immediately & automatically.
16. GRACE PERIOD
During the first three policy years, if the Policyholder has failed to make payment of the premium by the due
date specified in the schedule, a grace period of one month (not less than 30 days) for premium payment
frequencies other than monthly and 15 days, for monthly frequency is allowed.
If the death of the Life Assured occurs during the grace period, the death benefit shall be payable under the
policy as if the policy was in force for the full Sum Assured, after deduction of the premium due as at that date.
17. REINSTATEMENT/ REVIVAL
A Policy, which has lapsed for non-payment of premium, may be revived subject to the following conditions;
a) The application for revival is made within 2 years from the due date of the first unpaid premium but before
the maturity date ;
b) Payment of all due premiums along with applicable interest at such rate as the company may decide from
time to time.
c) Satisfactory evidence of good health, at the Policyholders expense, is submitted;
d) The revival of the policy may be on terms different from those applicable to the policy before it got lapsed
depending upon the prevailing underwriting norms of the Company.
e) The Company may at its sole and absolute discretion refuse to revive the Policy.
A policy in auto-cover may be revived by paying all the due premiums along with applicable interest.
18. TERMINATION OF THE POLICY
This Policy shall automatically terminate on the earlier occurrence of either of the following events:
a) On the Full Surrender of the policy.
b) On expiry of the revival period, if three full years premiums have not been paid.
c)
On foreclosure, if the paid-up Sum Assured plus vested bonous is less than Rs.1,000
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19. BACKDATING
Date of commencement of policy may be backdated up to the beginning of a financial year subject to the
payment of back premiums plus 10% interest. In the case of backdating upto 1 month, the same would be
allowed free of interest.
20. FREE LOOK PERIOD
Within 15 days from the date of receipt of the policy, the Policyholder have the option to review the terms and
condition and return the policy, if he/she disagrees to any of the terms & conditions, stating the reasons for
his/ her objections. He will be entitled to a refund of the premium paid, subject only to a deduction of a
proportionate risk premium for the period on cover and the expenses incurred on medical examination and
stamp duty charges.
21. ASSIGNMENT AND NOMINATION
a) No assignment shall be effective unless and until the Company receives a written notice from the
Policyholder.
b) If the Policyholder and the Life Assured are the same person, the Policyholder may at any time specify in
writing a Nominee to receive the Death Benefit. If the Nominee is a minor, the Policyholder shall also
appoint an Appointee to receive the benefit during the minority of the Nominee. No nomination shall be
effective unless and until evidenced by an endorsement on the Policy.
c) Any assignment shall automatically cancel any nomination.
d) The Company assumes no responsibility or liability for the validity of any assignment or nomination or in
recording the assignment or registering the nomination or change in assignment or nomination.
e) Assignment will not be permitted where the Policy is under the Married Womens Property Act 1874.
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Age
10
15
16
17
18
19
20
47.28
44.34
42.63
41.65
41.13
40.89
40.83
40.91
41.09
41.35
41.65
42.00
42.38
42.79
43.21
43.65
47.31
44.50
42.92
42.03
41.54
41.32
41.28
41.37
41.56
41.81
42.12
42.47
42.85
43.25
43.67
44.11
47.56
44.90
43.40
42.54
42.07
41.86
41.82
48.02
45.46
43.99
43.14
42.67
42.46
42.42
41.92
42.10
42.36
42.66
43.01
43.38
43.78
44.19
44.62
42.52
42.70
42.95
43.25
43.58
43.95
44.34
44.74
45.16
48.75
46.19
44.71
43.85
43.37
43.15
43.11
43.19
43.36
43.60
43.89
44.22
44.57
44.95
45.34
45.75
10
49.72
47.11
45.60
44.71
44.21
43.97
43.91
43.97
44.12
44.34
44.62
44.93
45.27
45.63
46.01
46.40
11
50.81
48.14
46.57
45.64
45.11
44.84
44.75
44.79
44.92
45.12
45.37
45.67
45.99
46.34
46.70
47.08
12
51.86
49.11
47.49
46.52
45.96
45.66
45.54
45.56
45.67
45.85
46.08
46.36
46.66
46.99
47.34
47.71
13
52.74
49.94
48.28
47.28
46.69
46.36
46.23
46.22
46.31
46.47
46.69
46.95
47.24
47.55
47.89
48.26
14
53.48
50.64
48.95
47.92
47.31
46.96
46.81
46.78
46.86
47.00
47.20
47.45
47.72
48.03
48.37
48.75
15
16
54.15
51.28
49.56
48.51
47.87
47.51
47.33
47.29
47.35
47.48
47.66
47.89
48.16
48.47
48.82
49.21
54.77
51.87
50.12
49.04
48.38
48.00
47.81
47.75
47.79
47.90
48.07
48.29
48.57
48.89
49.26
49.66
17
55.34
52.40
50.63
49.53
48.85
48.44
48.23
48.15
48.18
48.28
48.44
48.67
48.95
49.29
49.68
50.11
18
55.86
52.89
51.09
49.96
49.26
48.84
48.60
48.51
48.52
48.61
48.78
49.02
49.33
49.69
50.10
50.56
19
56.32
53.32
51.49
50.34
49.62
49.18
48.93
48.82
48.82
48.92
49.11
49.37
49.70
50.09
50.54
51.03
20
56.73
53.69
51.84
50.67
49.93
49.46
49.20
49.08
49.10
49.22
49.43
49.73
50.09
50.51
50.99
51.53
21
57.08
54.02
52.14
50.95
50.19
49.71
49.44
49.34
49.37
49.52
49.77
50.10
50.50
50.96
51.49
52.07
22
57.39
54.29
52.39
51.18
50.40
49.92
49.66
49.59
49.66
49.84
50.13
50.50
50.94
51.46
52.04
52.66
23
57.64
54.51
52.59
51.36
50.58
50.12
49.90
49.86
49.97
50.20
50.53
50.95
51.45
52.02
52.64
53.31
24
57.83
54.68
52.74
51.51
50.76
50.33
50.16
50.16
50.32
50.61
50.99
51.47
52.03
52.65
53.32
54.04
25
57.97
54.80
52.87
51.67
50.96
50.59
50.46
50.53
50.74
51.08
51.53
52.07
52.69
53.36
54.08
54.87
26
58.06
54.91
53.02
51.87
51.22
50.91
50.84
50.97
51.25
51.66
52.18
52.78
53.45
54.18
54.96
55.82
27
58.15
55.06
53.23
52.15
51.56
51.31
51.32
51.51
51.87
52.36
52.94
53.60
54.33
55.12
55.99
56.93
28
58.31
55.28
53.53
52.52
52.01
51.84
51.92
52.20
52.64
53.19
53.84
54.56
55.36
56.23
57.19
58.23
29
58.57
55.64
53.97
53.05
52.62
52.52
52.69
53.06
53.57
54.18
54.89
55.69
56.57
57.55
58.61
59.75
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Product Development
59.02
56.18
54.59
53.76
53.41
53.41
53.67
54.11
54.68
55.36
56.15
57.04
58.02
59.10
60.27
61.52
31
59.71
56.95
55.44
54.69
54.43
54.53
54.87
55.36
56.00
56.76
57.65
58.64
59.74
60.93
62.22
63.59
32
60.65
57.95
56.53
55.87
55.71
55.88
56.27
56.83
57.56
58.42
59.41
60.52
61.74
63.06
64.46
65.96
33
61.80
59.18
57.84
57.29
57.20
57.42
57.88
58.53
59.35
60.33
61.44
62.68
64.03
65.48
67.01
68.63
34
63.19
60.65
59.41
58.92
58.88
59.16
59.71
60.47
61.41
62.52
63.77
65.14
66.62
68.21
69.88
71.63
35
64.82
62.37
61.20
60.74
60.76
61.13
61.79
62.68
63.76
65.00
66.39
67.91
69.53
71.26
73.07
74.95
36
66.72
64.32
63.16
62.75
62.86
63.36
64.14
65.17
66.40
67.80
69.34
71.00
72.78
74.65
76.60
78.62
37
68.85
66.43
65.32
65.00
65.23
65.86
66.80
67.98
69.37
70.93
72.62
74.45
76.37
78.39
80.48
82.64
38
71.14
68.74
67.71
67.52
67.89
68.68
69.78
71.13
72.69
74.41
76.27
78.25
80.33
82.50
84.73
86.99
39
73.63
71.30
70.39
70.34
70.88
71.84
73.12
74.65
76.38
78.27
80.30
82.44
84.67
86.98
89.32
91.68
40
76.32
74.11
73.36
73.49
74.21
75.36
76.82
78.53
80.44
82.51
84.70
87.00
89.39
91.81
94.25
96.75
41
79.26
77.22
76.65
76.97
77.89
79.24
80.89
82.79
84.88
87.12
89.49
91.95
94.45
96.97
99.57
102.25
42
82.60
80.74
80.37
80.90
82.02
83.57
85.42
87.50
89.78
92.19
94.71
97.29
99.89
102.58
105.35
108.24
43
86.50
84.82
84.64
85.37
86.69
88.43
90.47
92.74
95.18
97.76
100.40
103.08
105.84
108.71
111.70
114.81
44
91.02
89.49
89.49
90.41
91.91
93.84
96.06
98.50
101.11
103.79
106.53
109.37
112.33
115.43
118.65
122.00
45
96.13
94.75
94.91
96.00
97.68
99.78
102.17
104.78
107.49
110.27
113.17
116.22
119.41
122.74
126.22
129.82
46
101.82
100.56
100.88
102.13
103.98
106.24
108.79
111.49
114.29
117.24
120.35
123.63
127.08
130.68
134.42
138.12
47
108.08
106.92
107.38
108.78
110.78
113.20
115.83
118.61
121.57
124.74
128.10
131.65
135.38
139.25
143.09
146.97
48
114.88
113.81
114.38
115.91
118.06
120.54
123.24
126.19
129.38
132.81
136.45
140.30
144.31
148.28
152.31
156.58
49
122.19
121.19
121.86
123.52
125.71
128.24
131.11
134.29
137.76
141.49
145.44
149.59
153.70
157.87
162.30
166.94
50
130.00
129.04
129.81
131.47
133.69
136.39
139.50
142.97
146.76
150.81
155.08
159.33
163.64
168.25
173.07
178.07
51
138.27
137.34
138.06
139.72
142.10
145.05
148.48
152.28
156.41
160.81
165.18
169.63
174.41
179.43
184.64
189.98
52
146.98
145.92
146.58
148.40
151.04
154.32
158.10
162.28
166.77
171.25
175.84
180.79
186.01
191.44
197.01
202.69
53
155.92
154.72
155.52
157.61
160.60
164.26
168.43
172.99
177.57
182.28
187.40
192.82
198.47
204.29
210.22
216.20
54
165.02
163.92
165.01
167.47
170.87
174.95
179.53
184.16
188.97
194.26
199.88
205.76
211.82
218.01
224.25
230.50
55
174.52
173.71
175.19
178.09
181.94
186.45
191.09
195.97
201.40
207.21
213.32
219.64
226.09
232.61
239.13
245.59
56
184.65
184.26
186.20
189.57
193.88
198.43
203.32
208.86
214.86
221.19
227.76
234.49
241.29
248.10
254.84
261.46
57
195.65
195.74
198.18
202.03
206.34
211.13
216.74
222.89
229.43
236.26
243.26
250.34
257.44
264.48
271.39
278.10
58
208.00
208.55
211.46
215.22
219.74
225.30
231.54
238.26
245.31
252.57
259.95
267.34
274.67
281.86
288.85
295.58
59
221.99
222.91
225.57
229.49
234.81
241.02
247.85
255.08
262.58
270.22
277.89
285.50
292.98
300.25
307.24
313.90
60
237.45
237.91
240.64
245.40
251.40
258.21
265.56
273.25
281.13
289.06
296.95
304.71
312.25
319.51
326.41
332.90
2
Version 2
Product Development
253.29
253.69
257.32
262.79
269.41
276.77
284.58
292.65
300.82
308.97
317.00
324.81
332.32
339.47
346.20
352.45
62
269.71
271.09
275.47
281.59
288.77
296.60
304.79
313.16
321.54
329.82
337.89
345.66
353.06
360.01
366.48
372.40
63
287.77
289.96
295.03
301.72
309.39
317.60
326.10
334.67
343.18
351.49
359.50
367.14
374.32
381.00
387.11
392.64
64
307.36
310.27
315.93
323.12
331.18
339.69
348.39
357.08
365.60
373.85
381.71
389.11
395.99
402.30
408.00
413.02
65
328.46
331.98
338.14
345.72
354.07
362.77
371.57
380.27
388.71
396.78
404.39
411.47
417.96
423.83
428.99
433.38
Age
21
22
23
24
25
26
30
31
32
33
34
35
44.10
44.56
45.02
45.48
45.95
46.42
46.90
47.38
47.87
48.37
48.89
49.41
49.95
50.50
51.07
44.55
45.00
45.46
45.92
46.38
46.85
47.32
47.81
48.31
48.82
49.34
49.88
50.43
51.00
51.58
45.05
45.50
45.95
46.40
46.86
47.32
47.81
48.30
48.81
49.33
49.87
50.42
50.98
51.57
52.17
45.59
46.02
46.46
46.91
47.37
47.84
48.33
48.83
49.35
49.88
50.43
51.00
51.59
52.19
52.80
46.16
46.59
47.02
47.47
47.93
48.41
48.91
49.42
49.95
50.50
51.07
51.66
52.26
52.88
53.51
10
46.81
47.22
47.65
48.10
48.57
49.06
49.57
50.10
50.65
51.21
51.80
52.41
53.03
53.66
54.31
11
47.47
47.89
48.32
48.78
49.26
49.76
50.28
50.82
51.39
51.98
52.58
53.21
53.84
54.50
55.18
12
48.10
13
48.66
48.52
48.96
49.43
49.92
50.44
50.98
51.54
52.13
52.74
53.36
54.00
54.67
55.35
56.06
49.09
49.54
50.03
50.54
51.07
51.63
52.22
52.83
53.46
54.10
54.77
55.46
56.18
56.93
14
49.16
49.60
50.07
50.57
51.10
51.66
52.25
52.87
53.50
54.15
54.83
55.53
56.25
57.01
57.80
15
49.64
50.10
50.59
51.12
51.67
52.27
52.88
53.52
54.17
54.86
55.57
56.31
57.08
57.88
58.71
16
50.11
50.59
51.11
51.67
52.26
52.88
53.52
54.18
54.87
55.59
56.34
57.13
57.94
58.79
59.67
17
50.58
51.09
51.65
52.24
52.86
53.50
54.17
54.87
55.60
56.37
57.17
58.00
58.87
59.77
60.71
18
51.06
51.61
52.20
52.83
53.47
54.15
54.86
55.60
56.38
57.20
58.05
58.94
59.86
60.82
61.81
19
51.57
52.16
52.78
53.44
54.12
54.84
55.59
56.39
57.22
58.09
59.00
59.95
60.94
61.96
63.01
20
52.11
52.74
53.40
54.09
54.82
55.59
56.39
57.24
58.14
59.07
60.05
61.06
62.11
63.19
64.31
21
52.70
53.36
54.06
54.80
55.58
56.40
57.27
58.19
59.15
60.15
61.19
62.27
63.39
64.54
65.72
22
53.33
54.04
54.79
55.58
56.42
57.31
58.25
59.24
60.27
61.34
62.46
63.61
64.80
66.01
67.26
23
54.03
54.79
55.60
56.46
57.37
58.33
59.35
60.41
61.52
62.67
63.86
65.08
66.34
67.63
68.93
24
54.81
55.63
56.51
57.45
58.44
59.48
60.58
61.72
62.91
64.14
65.41
66.71
68.05
69.39
70.75
25
55.70
56.60
57.56
58.58
59.66
60.79
61.97
63.19
64.47
65.78
67.13
68.51
69.91
71.32
72.75
26
56.74
57.72
58.77
59.88
61.04
62.26
63.53
64.85
66.21
67.61
69.04
70.49
71.95
73.44
74.96
27
57.94
59.01
60.16
61.36
62.62
63.94
65.30
66.71
68.17
69.65
71.15
72.67
74.21
75.79
77.41
3
Version 2
Product Development
59.33
60.51
61.76
63.06
64.42
65.84
67.30
68.81
70.35
71.91
73.48
75.08
76.72
78.40
80.13
29
60.96
62.24
63.59
65.01
66.47
67.99
69.55
71.15
72.77
74.40
76.06
77.77
79.51
81.31
83.16
30
62.85
64.24
65.71
67.23
68.80
70.42
72.09
73.77
75.46
77.18
78.95
80.77
82.64
84.56
86.53
31
65.03
66.54
68.12
69.75
71.44
73.16
74.91
76.67
78.46
80.29
82.18
84.13
86.12
88.18
90.22
32
67.52
69.16
70.85
72.60
74.39
76.20
78.02
79.88
81.79
83.76
85.78
87.86
89.99
92.12
94.26
33
70.33
72.08
73.89
75.75
77.63
79.53
81.46
83.44
85.48
87.58
89.75
91.97
94.18
96.41
98.73
34
73.45
75.33
77.26
79.21
81.18
83.18
85.24
87.36
89.55
91.80
94.12
96.42
98.73
101.15
103.64
35
76.90
78.91
80.93
82.97
85.06
87.20
89.40
91.68
94.02
96.43
98.82
101.23
103.75
106.35
109.01
36
80.70
82.80
84.92
87.08
89.30
91.60
93.96
96.40
98.91
101.40
103.91
106.53
109.24
112.02
114.86
37
84.82
87.01
89.26
91.57
93.95
96.41
98.95
101.56
104.16
106.77
109.50
112.32
115.22
118.18
121.18
38
89.27
91.60
93.99
96.47
99.03
101.67
104.39
107.09
109.82
112.66
115.60
118.62
121.71
124.84
128.00
39
94.10
96.59
99.16
101.82
104.58
107.41
110.22
113.05
116.02
119.08
122.23
125.45
128.72
132.02
135.32
40
99.34
102.01
104.78
107.65
110.60
113.52
116.47
119.56
122.76
126.05
129.41
132.82
136.26
139.70
143.12
41
105.02
107.91
110.89
113.96
117.01
120.08
123.30
126.63
130.06
133.57
137.12
140.71
144.30
147.87
151.39
42
111.23
114.33
117.53
120.70
123.90
127.26
130.74
134.31
137.97
141.68
145.43
149.18
152.90
156.57
160.15
43
118.03
121.36
124.66
127.99
131.49
135.11
138.85
142.66
146.54
150.45
154.36
158.24
162.07
165.80
169.42
44
125.46
128.89
132.36
136.00
139.78
143.67
147.65
151.69
155.77
159.85
163.90
167.89
171.79
175.56
179.17
45
133.38
136.98
140.77
144.71
148.77
152.92
157.14
161.39
165.65
169.87
174.03
178.10
182.03
185.79
189.36
46
141.86
145.80
149.90
154.14
158.47
162.87
167.30
171.74
176.15
180.49
184.73
188.82
192.74
196.46
199.94
47
151.07
155.35
159.76
164.28
168.87
173.50
178.13
182.72
187.25
191.66
195.93
200.02
203.88
207.50
210.85
48
161.03
165.63
170.34
175.13
179.96
184.79
189.58
194.30
198.90
203.35
207.61
211.64
215.40
218.89
222.06
49
171.73
176.65
181.64
186.68
191.72
196.73
201.65
206.45
211.08
215.51
219.71
223.63
227.25
230.55
233.49
50
183.20
188.41
193.67
198.93
204.15
209.28
214.29
219.12
223.74
228.10
232.19
235.95
239.39
242.44
245.09
51
195.43
200.92
206.41
211.85
217.21
222.42
227.46
232.27
236.82
241.07
244.99
248.56
251.74
254.49
256.83
52
208.42
214.16
219.84
225.43
230.87
236.12
241.13
245.87
250.29
254.37
258.08
261.38
264.23
266.67
268.71
53
222.18
228.12
233.94
239.62
245.09
250.32
255.25
259.85
264.10
267.95
271.38
274.35
276.87
278.99
280.74
54
236.69
242.78
248.70
254.40
259.85
264.98
269.78
274.19
278.20
281.76
284.84
287.45
289.65
291.46
292.94
55
251.94
258.12
264.07
269.74
275.09
280.07
284.66
288.83
292.53
295.72
298.43
300.71
302.59
304.12
305.34
56
267.91
274.11
280.02
285.59
290.77
295.55
299.88
303.72
307.03
309.84
312.19
314.14
315.72
316.99
317.98
57
284.56
290.72
296.52
301.91
306.87
311.37
315.36
318.79
321.70
324.14
326.15
327.79
329.09
330.11
330.90
58
301.98
308.01
313.62
318.77
323.44
327.58
331.13
334.14
336.66
338.74
340.43
341.78
342.83
343.64
344.24
4
Version 2
Product Development
320.16
325.98
331.32
336.17
340.45
344.12
347.23
349.83
351.98
353.72
355.10
356.19
357.02
357.64
358.10
60
338.94
344.47
349.49
353.91
357.71
360.92
363.60
365.81
367.60
369.03
370.14
370.99
371.63
372.10
372.43
61
358.18
363.36
367.94
371.86
375.16
377.92
380.20
382.04
383.50
384.65
385.52
386.17
386.65
386.99
387.22
62
377.76
382.48
386.52
389.92
392.76
395.10
396.99
398.49
399.66
400.56
401.22
401.71
402.06
402.29
402.45
63
397.51
401.67
405.17
408.09
410.48
412.42
413.96
415.16
416.07
416.75
417.25
417.60
417.84
418.01
418.11
64
417.29
420.88
423.88
426.33
428.32
429.89
431.12
432.05
432.74
433.25
433.60
433.85
434.01
434.12
434.18
65
437.06
440.12
442.64
444.67
446.27
447.52
448.47
449.18
449.69
450.05
450.30
450.46
450.57
450.63
450.67
Age
36
37
38
39
40
41
45
46
47
48
49
50
51.65
52.24
52.84
53.44
54.07
54.70
55.35
56.02
56.70
57.40
58.12
58.85
59.60
60.36
61.13
52.17
52.78
53.39
54.02
54.66
55.32
56.00
56.69
57.40
58.13
58.87
59.63
60.41
61.20
62.00
52.77
53.39
54.03
54.67
55.34
56.03
56.73
57.45
58.19
58.95
59.72
60.51
61.32
62.14
62.97
53.42
54.06
54.72
55.40
56.09
56.80
57.54
58.29
59.06
59.85
60.66
61.48
62.31
63.16
64.01
54.15
54.82
55.50
56.20
56.93
57.67
58.44
59.22
60.03
60.85
61.69
62.55
63.41
64.29
65.16
10
54.98
55.67
56.38
11
55.88
56.60
57.35
57.12
57.88
58.66
59.46
60.28
61.12
61.98
62.85
63.74
64.63
65.53
66.44
58.12
58.91
59.73
60.56
61.42
62.30
63.19
64.10
65.02
65.94
66.87
67.81
12
56.79
57.55
58.33
59.14
59.98
60.83
61.71
62.61
63.52
64.45
65.39
66.33
67.29
68.26
69.25
13
57.70
58.50
59.32
60.17
61.05
61.95
62.86
63.80
64.76
65.72
66.69
67.67
68.67
69.68
70.72
14
58.61
59.45
60.32
61.22
62.14
63.08
64.04
65.02
66.01
67.00
68.01
69.04
70.09
71.16
72.25
15
59.57
60.46
61.38
62.32
63.29
64.27
65.28
66.30
67.32
68.36
69.41
70.49
71.59
72.72
73.86
16
60.59
61.53
62.49
63.49
64.50
65.54
66.58
67.63
68.70
69.79
70.90
72.04
73.20
74.38
75.56
17
61.67
62.66
63.68
64.73
65.79
66.87
67.95
69.05
70.17
71.32
72.49
73.69
74.91
76.13
77.36
18
62.83
63.88
64.96
66.06
67.16
68.28
69.41
70.57
71.75
72.96
74.20
75.47
76.73
78.00
79.30
19
64.09
65.20
66.33
67.47
68.62
69.79
70.99
72.21
73.46
74.74
76.05
77.35
78.66
80.02
81.41
20
65.45
66.62
67.79
68.98
70.19
71.42
72.69
73.98
75.31
76.66
78.01
79.37
80.77
82.21
83.68
21
66.92
68.14
69.37
70.62
71.89
73.20
74.54
75.91
77.31
78.71
80.12
81.57
83.06
84.59
86.14
22
68.52
69.79
71.08
72.40
73.75
75.14
76.56
78.01
79.46
80.92
82.43
83.98
85.56
87.17
88.81
23
70.25
71.58
72.95
74.35
75.79
77.26
78.77
80.27
81.78
83.35
84.96
86.60
88.28
89.97
91.68
24
72.14
73.55
75.00
76.49
78.02
79.58
81.14
82.71
84.34
86.01
87.72
89.46
91.23
93.00
94.78
25
74.22
75.72
77.27
78.85
80.48
82.10
83.73
85.42
87.15
88.93
90.74
92.58
94.43
96.28
98.11
5
Version 2
Product Development
76.52
78.12
79.77
81.46
83.14
84.83
86.59
88.40
90.25
92.13
94.04
95.96
97.89
99.80
101.69
27
79.07
80.79
82.54
84.29
86.05
87.87
89.75
91.67
93.64
95.62
97.63
99.63
101.62
103.59
105.52
28
81.91
83.73
85.55
87.38
89.28
91.23
93.24
95.28
97.35
99.43
101.52
103.60
105.65
107.65
109.60
29
85.06
86.95
88.85
90.82
92.86
94.95
97.07
99.23
101.40
103.58
105.74
107.87
109.96
111.99
113.93
30
88.50
90.48
92.53
94.65
96.82
99.04
101.28
103.55
105.82
108.07
110.29
112.47
114.58
116.61
118.53
31
92.28
94.42
96.62
98.89
101.19
103.54
105.89
108.26
110.60
112.92
115.19
117.39
119.50
121.51
123.40
32
96.48
98.78
101.14
103.54
105.98
108.44
110.90
113.35
115.77
118.13
120.42
122.62
124.71
126.68
128.51
33
101.12
103.58
106.08
108.63
111.19
113.75
116.30
118.82
121.28
123.67
125.97
128.15
130.19
132.09
133.83
34
106.20
108.81
111.46
114.13
116.81
119.47
122.09
124.66
127.15
129.54
131.81
133.94
135.92
137.73
139.36
35
111.74
114.50
117.28
120.07
122.85
125.58
128.26
130.85
133.34
135.71
137.93
139.99
141.88
143.57
145.05
36
117.74
120.64
123.55
126.44
129.29
132.08
134.79
137.38
139.85
142.16
144.31
146.27
148.03
149.57
150.89
37
124.21
127.25
130.26
133.23
136.14
138.96
141.66
144.23
146.64
148.88
150.93
152.76
154.36
155.73
156.89
38
131.17
134.31
137.41
140.44
143.38
146.20
148.88
151.39
153.72
155.85
157.75
159.42
160.85
162.05
163.06
39
138.60
141.83
144.99
148.05
150.99
153.78
156.40
158.82
161.04
163.03
164.76
166.24
167.50
168.54
169.40
40
146.49
149.79
152.98
156.04
158.95
161.68
164.20
166.51
168.58
170.38
171.92
173.23
174.31
175.20
175.92
41
154.83
158.16
161.35
164.38
167.22
169.85
172.25
174.40
176.28
177.88
179.24
180.37
181.29
182.04
182.62
42
163.62
166.95
170.11
173.07
175.81
178.31
180.55
182.50
184.17
185.58
186.75
187.71
188.48
189.09
189.56
43
172.89
176.18
179.26
182.11
184.72
187.05
189.07
190.81
192.27
193.49
194.49
195.29
195.92
196.41
196.78
44
182.60
185.81
188.78
191.49
193.91
196.02
197.82
199.34
200.60
201.64
202.47
203.12
203.63
204.01
204.30
45
192.70
195.79
198.61
201.13
203.32
205.19
206.77
208.08
209.16
210.02
210.70
211.22
211.62
211.91
212.12
46
203.15
206.09
208.70
210.98
212.92
214.56
215.93
217.04
217.93
218.64
219.18
219.59
219.89
220.11
220.27
47
213.90
216.62
218.99
221.01
222.71
224.12
225.28
226.21
226.93
227.50
227.92
228.24
228.46
228.62
228.73
48
224.89
227.34
229.44
231.21
232.67
233.87
234.83
235.59
236.17
236.61
236.93
237.17
237.33
237.44
237.51
49
236.05
238.22
240.05
241.57
242.82
243.81
244.59
245.20
245.65
245.99
246.23
246.40
246.51
246.59
246.64
50
247.35
249.25
250.83
252.11
253.14
253.95
254.58
255.05
255.39
255.64
255.82
255.94
256.01
256.06
256.09
51
258.80
260.43
261.77
262.83
263.67
264.32
264.80
265.16
265.42
265.60
265.72
265.80
265.85
265.88
52
270.40
271.78
272.89
273.75
274.42
274.93
275.29
275.56
275.75
275.87
275.95
276.01
276.04
53
282.17
283.31
284.21
284.90
285.42
285.80
286.08
286.27
286.40
286.48
286.54
286.57
54
294.13
295.05
295.77
296.30
296.70
296.98
297.18
297.31
297.40
297.45
297.49
55
306.30
307.04
307.59
308.00
308.29
308.49
308.63
308.72
308.78
308.81
56
318.74
319.31
319.73
320.03
320.24
320.38
320.47
320.53
320.56
6
Version 2
Product Development
331.49
331.92
332.23
332.44
332.58
332.68
332.74
58
344.68
345.00
345.22
345.37
345.47
345.53
345.56
59
358.42
358.64
358.80
358.90
358.96
358.99
60
372.66
372.82
372.92
372.98
373.02
61
387.38
387.48
387.55
387.58
62
402.56
402.62
402.66
63
418.18
418.21
64
434.22
Age
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
51
61.91
62.81
63.80
64.87
66.05
67.36
68.78
70.26
71.78
73.36
75.01
76.75
78.62
80.64
82.82
85.18
87.71
90.45
93.39
96.55
99.93
103.54
107.38
111.46
52
62.71
63.62
64.64
65.74
66.95
68.30
69.76
71.29
72.86
74.47
76.16
77.97
79.92
82.01
84.27
86.69
89.30
92.09
95.09
98.29
101.70
105.33
109.18
113.24
53
63.51
64.44
65.48
66.62
67.87
69.26
70.76
72.34
73.94
75.58
77.34
79.22
81.24
83.40
85.72
88.21
90.88
93.73
96.76
100.00
103.43
107.06
110.88
114.91
332.78
58
67.61
68.70
69.91
71.21
72.63
74.21
75.92
77.72
79.59
81.53
83.57
85.73
88.02
90.42
92.96
95.62
98.40
101.31
104.35
107.51
110.78
114.16
117.65
121.25
59
68.47
69.59
70.82
72.15
73.62
75.25
77.01
78.86
80.77
82.75
84.84
87.04
89.35
91.78
94.32
96.98
99.75
102.63
105.62
108.72
111.91
115.20
118.58
122.07
60
69.33
70.48
71.73
73.11
74.62
76.30
78.11
80.00
81.96
83.98
86.10
88.33
90.66
93.09
95.63
98.27
101.02
103.86
106.79
109.81
112.91
116.09
119.37
122.75
7
Version 2
Product Development
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
115.79
120.35
125.15
130.18
135.39
140.78
146.31
152.01
157.86
163.88
170.09
176.48
183.08
189.92
197.05
204.50
212.27
220.37
228.80
237.56
246.66
117.53
122.03
126.75
131.68
136.76
142.00
147.39
152.94
158.65
164.55
170.63
176.92
183.42
190.18
197.25
204.64
212.37
220.44
228.84
237.59
124.97
128.83
132.86
137.05
141.42
145.97
150.72
155.68
160.86
166.29
171.98
177.94
184.17
190.72
125.68
129.44
133.36
137.47
141.76
146.24
150.92
155.83
160.98
166.37
172.04
177.98
184.19
126.26
129.93
133.77
137.79
142.01
146.43
151.07
155.94
161.05
166.43
172.08
178.00
Note:
1. The "Term of the SPTC with ROP" will be outstanding term (a whole number rounded down) of the policy on the date of
conversion
2. The sum assured cannot excced the existing sum assured under the policy
3. "Age" is the age last birthday as on the date of conversion
4. This rate is not guaranteed. It can change due to change in prevailing interest rates, subject to IRDA approval.
8
Version 2
Product Development
If Advance Premium is paid along with Proposal deposit, the total premium payable i.e. First Years modal Premium Plus advance
premium has to be based on Care Quote Quotation.
Advance Premium paid with the Proposal Deposit shall be collected and receipting shall be done for the entire amount i.e. First Year
modal premium plus advance premium and Premium Receipt will be generated for the entire amount.
Any excess amount post issuance of the policy cannot be considered as advance premium.
Advance Premium will be adjusted on premium payment due date based on the Premium payment frequency.
Till the time Advance premium is not adjusted towards all due premiums, the inclusion/exclusion of riders as applicable under the
product or any other change cannot be exercised in the policy.
No refund request of Advance premium will be entertained under any circumstances from the policy holder. The refunds are admissible
only with surrender and death claims when received.
9
Version 2
Product Development
Rate of Interest
(compounded annually)
2010-11
2011-12
7%
7%
10
Version 2
Product Development