SCHEDULE OF POLICY CHARGES

 

 

 

A) Partial Withdrawal Charges

 

No partial withdrawal charges

B) Full Surrender Charges

 

Policy Year

Percentage  of Regular Fund Value

1

90%

2

75%

3

50%

4

25%

5

10%

6+

0%

 

C) Premium Charges

 

 

Premium Year

 

Regular Premium Allocation Charge (as a % of Regular Premium amount)

Annualised Regular Premium Band (in Rs.)

15,000 – 24,999

25,000 – 49,999

50,000 – 99,999

>=100,000

1

30%

28%

26%

24%

2

12%

12%

12%

12%

3-5

3%

3%

3%

3%

6-10

1%

1%

1%

1%

11+

0%

0%

0%

0%

Premium Year is determined by the number of complete 12-months period for which Regular Premium has actually been paid, excluding any period of Premium Holiday and unpaid-for months.

 

D) Mortality charge – for death benefit (other than accidental death benefit)

 

Mortality / Cost of Insurance (COI) charges will be deducted monthly in advance from fund and will be based on 100% of Indian Assured Lives Mortality (1994-96) (Modified) Ultimate.

 

Age

Mortality Charges (in Rs)

Age

Mortality Charges (in Rs)

18

0.94

42

2.51

19

0.98

43

2.717

20

1.016

44

2.971

21

1.048

45

3.274

22

1.077

46

3.627

23

1.102

47

4.03

24

1.123

48

4.481

25

1.14

49

4.982

26

1.153

50

5.532

27

1.163

51

6.131

28

1.168

52

6.78

29

1.17

53

7.478

30

1.171

54

8.225

31

1.186

55

9.022

32

1.224

56

9.864

33

1.277

57

10.66

34

1.348

58

11.488

35

1.435

59

12.512

36

1.538

60

13.732

37

1.657

61

15.148

38

1.793

62

16.758

39

1.959

63

18.564

40

2.15

64

20.566

41

2.333

65

22.17

 

     

 

E) Waiver of Premium Charge: For death and disability WoP benefit

 

WOP charges will be deducted monthly in advance from fund and will be based on 100% of Indian Assured Lives Mortality (1994-96) (Modified) Ultimate and 150% CIBT (TPD) rate

 

WoP Charge (in Rs.)

 

 

Balance Premium Paying Term in complete years

Attained Age

0

1

2

3

4

5

6

7

8

9

10

11

12

18

1.12

1.09

1.05

1.02

0.99

0.97

0.94

0.91

0.89

0.86

0.84

0.82

0.80

19

1.16

1.13

1.09

1.06

1.03

1.00

0.97

0.95

0.92

0.89

0.87

0.85

0.82

20

1.2

1.16

1.13

1.09

1.06

1.03

1.00

0.97

0.95

0.92

0.90

0.87

0.85

21

1.21

1.18

1.14

1.11

1.08

1.05

1.02

0.99

0.96

0.93

0.91

0.89

0.86

22

1.24

1.20

1.17

1.13

1.10

1.07

1.04

1.01

0.98

0.96

0.93

0.91

0.88

23

1.27

1.23

1.19

1.16

1.12

1.09

1.06

1.03

1.00

0.98

0.95

0.92

0.90

24

1.29

1.25

1.21

1.18

1.14

1.11

1.08

1.05

1.02

0.99

0.97

0.94

0.91

25

1.3

1.27

1.23

1.19

1.16

1.13

1.09

1.06

1.03

1.01

0.98

0.95

0.93

26

1.32

1.28

1.24

1.20

1.17

1.14

1.10

1.07

1.04

1.02

0.99

0.96

0.94

27

1.31

1.27

1.24

1.20

1.17

1.13

1.10

1.07

1.04

1.01

0.98

0.96

0.93

28

1.32

1.28

1.24

1.20

1.17

1.14

1.10

1.07

1.04

1.02

0.99

0.96

0.94

29

1.32

1.28

1.24

1.21

1.17

1.14

1.11

1.08

1.05

1.02

0.99

0.96

0.94

30

1.32

1.28

1.24

1.21

1.17

1.14

1.11

1.08

1.05

1.02

0.99

0.96

0.94

31

1.34

1.30

1.26

1.22

1.19

1.15

1.12

1.09

1.06

1.03

1.00

0.97

0.95

32

1.39

1.35

1.31

1.27

1.23

1.20

1.16

1.13

1.10

1.07

1.04

1.01

0.99

33

1.44

1.40

1.36

1.32

1.28

1.24

1.21

1.17

1.14

1.11

1.08

1.05

1.02

34

1.51

1.47

1.42

1.38

1.34

1.30

1.27

1.23

1.20

1.17

1.13

1.10

1.07

35

1.6

1.55

1.51

1.46

1.42

1.38

1.34

1.30

1.27

1.23

1.20

1.17

1.14

36

1.72

1.67

1.62

1.57

1.52

1.48

1.44

1.40

1.36

1.32

1.29

1.25

1.22

37

1.84

1.78

1.73

1.68

1.63

1.58

1.54

1.50

1.46

1.42

1.38

1.34

1.30

38

1.99

1.93

1.87

1.82

1.77

1.71

1.67

1.62

1.58

1.53

1.49

1.45

1.41

39

2.15

2.09

2.03

1.97

1.91

1.86

1.81

1.76

1.71

1.66

1.61

1.57

1.53

40

2.36

2.29

2.22

2.16

2.10

2.04

1.98

1.92

1.87

1.82

1.77

1.72

1.68

41

2.57

2.50

2.42

2.35

2.28

2.22

2.16

2.10

2.04

1.98

1.93

1.88

1.83

42

2.78

2.70

2.62

2.54

2.47

2.40

2.33

2.27

2.20

2.14

2.08

2.03

1.97

43

3.02

2.93

2.84

2.76

2.68

2.60

2.53

2.46

2.39

2.32

2.26

2.20

2.14

44

3.3

3.20

3.11

3.02

2.93

2.85

2.77

2.69

2.62

2.54

2.47

2.41

2.34

45

3.65

3.54

3.44

3.34

3.24

3.15

3.06

2.97

2.89

2.81

2.74

2.66

2.59

46

4.06

3.94

3.82

3.71

3.61

3.50

3.40

3.31

3.22

3.13

3.05

2.96

2.89

47

4.51

4.37

4.25

4.12

4.00

3.89

3.78

3.67

3.57

3.48

3.38

3.29

3.20

48

5.02

4.87

4.73

4.59

4.46

4.33

4.21

4.09

3.98

3.87

3.76

3.66

3.57

49

5.6

5.43

5.27

5.12

4.97

4.83

4.69

4.56

4.43

4.31

4.20

4.08

3.98

50

6.24

6.05

5.87

5.70

5.54

5.38

5.23

5.08

4.94

4.81

4.68

4.55

4.43

51

6.94

6.73

6.54

6.35

6.16

5.99

5.82

5.66

5.50

5.35

5.20

5.06

4.93

52

7.71

7.48

7.26

7.05

6.84

6.65

6.46

6.28

6.11

5.94

5.78

5.63

5.48

53

8.56

8.30

8.06

7.82

7.60

7.38

7.17

6.97

6.78

6.59

6.42

6.24

6.08

54

9.47

9.19

8.92

8.66

8.41

8.17

7.94

7.72

7.50

7.30

7.10

6.91

-

55

10.45

10.14

9.84

9.55

9.28

9.01

8.76

8.51

8.28

8.05

7.83

-

-

56

11.51

11.17

10.84

10.53

10.22

9.93

9.65

9.38

9.12

8.87

-

-

-

57

12.56

12.19

11.83

11.49

11.16

10.84

10.53

10.24

9.95

-

-

-

-

58

13.68

13.27

12.88

12.50

12.14

11.80

11.46

11.14

-

-

-

-

-

59

15.03

14.58

14.15

13.74

13.35

12.97

12.60

-

-

-

-

-

-

60

16.63

16.13

15.66

15.20

14.76

14.34

-

-

-

-

-

-

-

61

18.37

17.82

17.30

16.80

16.31

-

-

-

-

-

-

-

-

62

20.34

19.74

19.16

18.60

-

-

-

-

-

-

-

-

-

63

22.57

21.90

21.25

-

-

-

-

-

-

-

-

-

-

64

25.02

24.27

-

-

-

-

-

-

-

-

-

-

-

65

27.12

-

-

-

-

-

-

-

-

-

-

-

-

 

WoP Rates (in Rs.) are per Rs.1000 premium

 

 

Balance Premium Paying Term in complete years

Attained Age

13

14

15

16

17

18

19

20

21

22

23

24

18

 0.77

 0.75

 0.74

 0.72

 0.70

 0.68

 0.66

 0.65

 0.63

 0.62

 0.60

 0.59

19

 0.80

 0.78

 0.76

 0.74

 0.72

 0.71

 0.69

 0.67

 0.66

 0.64

 0.63

 0.61

20

 0.83

 0.81

 0.79

 0.77

 0.75

 0.73

 0.71

 0.69

 0.68

 0.66

 0.64

 0.63

21

 0.84

 0.82

 0.80

 0.78

 0.76

 0.74

 0.72

 0.70

 0.69

 0.67

 0.65

 0.64

22

 0.86

 0.84

 0.82

 0.79

 0.77

 0.76

 0.74

 0.72

 0.70

 0.69

 0.67

 0.65

23

 0.88

 0.85

 0.83

 0.81

 0.79

 0.77

 0.75

 0.73

 0.72

 0.70

 0.68

 0.67