He=ebkeve nsleg mLeeve
Space for Endorsement
Sue.DeeF&.meer. kee Deveceesue peerJeve - II
(ueeYe kes efyevee)
LIC's ANMOL JEEVAN - II
(Without Profit)
II
Yeejleere peerJeve yeercee efveiece kees (efpemes Fmekes yeeo efveiece kene peeesiee) eneB veeres mevoefYe&le Devegmeteer ceW GefuueefKele yeerefcele Jeeqkele mes Ske emleeJe leLee Iees<eCee Deewj eLece eerefceece keer eeeqHle nesves Hej Deewj Gkele emleeJe leLee
Iees<eCee Deewj GmeceW efoes iees Deewj mevoefYe&le efJeJejCe Fme yeercee Hee@efuemeer kes DeeOeej Hej Gkele yeerefcele Jeeqkele Deewj efveiece eje Gmes mJeerkeej efkees peeves Hej Fme Devegmeteer ces efveOee&efjle yeeo kes eerefceeceeW Hej efJeeej kejles nges Deewj
Gvekeer Gefele eeeqHle efveiece kes Gme MeeKee keeee&uee Hej efnleueeYe kee efyevee yeepe kes Yegieleeve kejves kes efuees eneB en Gme Jeeqkele ee JeeqkeleeeW kees en Hee@efuemeer oer peeleer nw, efpevns Gkele Devegmeteer kes Devegmeej en ose nesieer,
uesefkeve Fve ueeYeeW kes mecyevOe ces efveiece keer meblegef kes efuees Fme yeele kee eceeCe emlegle kejves Hej efke Devegmeteer ces efveOee&efjle jkece kes ose nesves Hej Gme Jeeqkele ee JeeqkeleeeW kees nke kee, pees Yegieleeve kee oeJee kej jne nes / jns neW, keer
emleeJe ces GefuueefKele yeerefcele Jeeqkele keer Deeeg keer melelee kes yeejs ces ose nesiee, eefo Jen Henues veneR efoee ieee nes.
Deewj Sleodeje en Ieesef<ele efkeee peelee nw en Hee@efuemeer Fmekes He= Yeeie Hej Debefkele MeleeX Deewj megefJeOeeDeeW kes DeOeerve nesieer leLee GHeeg&kele Devegmeteer Je efveiece eje Debefkele eleske He=ekebve Hee@efuemeer kes Debie ceeves peeesieW.
THE LIFE INSURANCE CORPORATION OF INDIA (hereinafter called the Corporation) having received a Proposal along with declaration and the first 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, in consideration of and subject to the due receipt of the subsequent
premiums as set out in the schedule, to pay the benefits as set out in the Schedule, 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
the Schedule, 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 Conditions and Privileges printed on the back hereof and that the following Schedule and every
endorsement placed on the Policy by the Corporation shall be deemed part of the Policy.
DIVISIONAL OFFICE:
Hee@efuemeer mebKee /Policy Number :
SCHEDULE
eerefceece ose efleefLe
Sum Assured (`):
Due date of premium:
eerefceece Yegieleeve efJeefOe
Hee@efuemeer eejbYe keer efleefLe /Date of Commencement of Policy :
peesefKece keer eejcYe efleefLe /Date of Commencement of Risk:
BRANCH OFFICE:
yeercee Oeve (`):
Mode of payment of premium:
eerefceece efkeMle (`):
Instalment premium (`):
Debeflece eerefceece keer ose efleefLe
Due Date of Payment of Last Premium:
pevce efleefLe
Date of Birth:
eespevee SJeb DeJeefOe /Plan and Term:
yeerefcele Jeeqkele keer Deeeg
Age of the Life Assured :
hetCee&JeefOe keer efleefLe /Date of Maturity :
keee Deeeg mJeerke=le nw
Whether Age admitted:
yeercee DeefOeefveece, 1938 keer Oeeje 39 kes Debleie&le veeefcele /Nominee under Section 39 of the Insurance Act, 1938:
emleeJe mebKee /
Proposal No. :
DeJeemeke veeefcele kes efveeeskelee kee veece /If Nominee is a minor, the name of the Appointee:
emleeJe keer efleefLe /
Date of Proposal :
yeerefcele Jeeqkele kee veece Deewj Helee / Name and Address of the Life Assured:
emleeJeke Jeeqkele kee veece Deewj Helee /Name and Address of the Proposer :
Jes IeveeSB efpevekes nesves Hej ueeYe ose nw. efJeJejCe Deieues He= Hej efoee ieee nw /Events on the happening of which benefits are payable: Details are mentioned overleaf
yeercee Oeve efkemekees efceuesiee/
emleeJeke ee yeerefcele Jeeqkele ee yeercee DeefOeefveece 1938 kes Devegso 38 kes Debleie&le Gmekes mecevegosefMeefle ee yeercee
DeefOeefveece 1938 kes Devegso 39 kes Debleie&le Gmekes veeefceefleeeW ee Gve eeceeefCeke eyebOekeeW ee eMeemekeeW ee Deve efJeefOeke
eefleefveefOeeeW kees efoee peeSiee, efpevnW Gmekeer mebHeoe ee kesJeue Fme Hee@efuemeer kes Debleie&le ose jeefMe kes efueS Yeejle mebIe kes efkemeer
jepe ee #es$e kes efkemeer jepe ee #es$e kes efkemeer veeeeuee mes DeHeves eefleefveefOe nesves kee eceeCe-He$e eeHle nesiee.
To whom Sum Assured Payable:
The Proposer or his Assignee under Section 38 of the Insurance Act, 1938 or Nominees under
Section 39 of the Insurance Act, 1938 or proved Executors or Administrators or other Legal
Representatives who should take out representation to his/her Estate or limited to the moneys
payable under this Policy from any Court of any State or Territory of the Union of India.
eerefceece Yegieleeve kee DeJeefOe
Debeflece eerefceece kes Yegieleeve keer keefLele ose efleefLe leke ee Fmekes HetJe& yeerefcele Jeefkele keer ce=leg nesves Hej
Period during which premium payable:
Till the stipulated due date of payment of last premium or earlier death of the Life Assured
efHHeCeer eefo DeeHekees keesF& efMekeeele/HejsMeeveer nes lees DeeHe efMekeeele efvejekejCe DeefOekeejer/yeercee ueeskeHeeue mes mebHeke& kej mekeles nQ efpevekee Helee veeres efoee pee jne nw
Note: In case you have any complaint/grievance, you may approach Grievance Redressal Officer / Insurance Ombudsman whose address is as under :
yeercee ueeskeHeeue kee Helee
Address of Branch Office :
Address of Grievance Redressal Officer :
Address of Insurance Ombudsman:
eerefceece Yegieleeve kejves keer efleefLeeeB
...................... ceW keefLele ose efleefLe Hej
Dates when premium payable:
On the stipulated date in ..
efveiece keer Deesj mes GHeeg&kele MeeKee keeee&uee ces nmlee#eefjle efpemekee Helee Heers efoee ieee nw Deewj efpeme Heles Hej Hee@efuemeer kes mecyevOe ceW meYeer He$eeeej efkeee peevee eeefnS.
Signed on behalf of the Corporation at the above mentioned Branch Office, whose address is given on the last page and to which all communications relating to the policy should be addressed.
efleefLe
Date:
Note: In case of dispute in respect of interpretation of these terms and conditions and special provisions/conditions the English version shall stand valid.
eHe$e meb.
Form No.:
You are requested to examine this policy, and if any mistake be found therein, return it immediately for correction.
peebe kelee&
ke=les ecegKe/Jeefj/MeeKee eyebOeke
Examined by:
p. Chief/ Sr. /Branch Manager
SpeWmeer kees[ / Agency Code SpeWmeer kee veece / Agency Name SpeW kee ceesyeeFue/ sueerHeesve vebyej
Agent's Mobile Number / Landline Number
DeeF&Deej[erS HebpeerkejCe mebKee : 512
IRDA Regn No. : 512
IeveeSb / Events :
ose ueeYe Yegieleeve / Benefits payable :
HeefjHekeJelee keer keefLele efleefLe mes Henues yeerefcele Jeeqkele keer ce=leg nesves Hej yeMelex Heeefuemeer
Deeleve eerefceeceeW kes Yegieleeve eje HetCe& He mes eeuet nes.
yeerceeOeve kee Yegieleeve
On death of the Life Assured before the stipulated date of Maturity provided
the policy is in full force by paying upto-date premiums.
Sum Assured shall be payable.
HeefjHekeJelee keer keefLele efleefLe Hej yeerefcele Jeeqkele kes peerefJele jnves Hej, yeMelex Heeefuemeer
Deeleve eerefceeceeW kes Yegieleeve eje HetCe& He mes eeuet nes.
keesF& ueeYe Yegieleeve veneR
On the Life Assured surviving the stipulated Date of Maturity provided
the policy is in full force by paying upto-date premium.
No Benefits shall be payable.
Fme Hee@efuemeer ces oer ieF& MeleX Je megefJeOeeeW
1. Deeeg eceeCe : emleeJe He$e ces Ieesef<ele keer ieF& yeerefcele Jeeqkele keer Deeeg Hej
eerefceece keer ieCevee nes peeves kes Ghejeble eefo Deeeg Gme Deeeg mes DeefOeke HeeF&
peeleer nw lees yeercee DeefOeefveece 1938 kes Debleie&le GHeueyOe DeefOekeejeW Deewj
GHeeejeW Hej keesF& eefleketue eYeeJe [eues efyevee, Ssmes ceeceues ceW, eerefceece eJesMe
kes mecee mener Deeeg kes DeeOeej Hej efvekeeueer ieF& oj mes ose nesiee Deewj Hee@efuemeer
DeejcYe nesves mes ueskej Ssmes Yegieleeve keer efleefLe leke cetue eerefceece Deewj mener
Deeeg kes eerefceece kes yeere kes Deblej keer mebefele jeefMe Deewj mener Deeeg kes
eerefceece kes yeere kes Deblej keer mebefele jeefMe Deewj mener Deeeg DeJeefOe kes efuees
efveiece eje Gme mecee eeefuele oj mes yeepe meefnle Yegieleeve kejsiee. leLeeefHe
eeJeOeeve nw efke eefo yeerefcele Jeeqkele FmeceW GefuueefKele eerefceece keer oj mes
Yegieleeve kejlee jns Deewj Gheegkele mebefele $eCe jeefMe kee Yegieleeve ve kejs lees
Hee@efuemeer eejcYe nesves keer efleefLe mes Hee@efuemeer kes oeJee yeveves keer efleefLe leke mener
Deeeg kes eerefceece Deewj cetue eerefceece kes yeere kes Deblej keer mebefele jeefMe Deewj
Ssmes Deblej keer eleske efkeMle Hej oeJes kes mecee eeefuele oj mes yeepe kes meeLe
ose nesieer, Gmes Hee@efuemeer Hej yeerefcele Jeeqkele eje ose $eCe ceevee peeesiee Deewj
Hee@efuemeer kes Debleie&le oeJee nesves Hej Hee@efuemeer keer OevejeefMe mes kee efueee
peeesiee.
en Yeer eeJeOeeve nw efke eJesMe kes mecee yeerefcele Jeeqkele keer mener Deeeg pees Gkele
leeefuekee ceW efveefo& yeercee Jeie& DeLeJee MeleeX kes DeOeerve yeercee uesves kes efuees Gmes
Deeesie yevee os lees Gmekees Hee@efuemeer kes eejcYe ceW eeefuele eLee kes Devegmeej
efveiece eje eoeve efkees peeves Jeeues yeercee Jeie& DeLeJee menleeX ces HeefjJeefle&le kej
efoee peeesiee, yeMelex efke yeerefcele Jeeqkele kees mJeerkeej nes. DeveLee Hee@efuemeer kees
yeercee DeefOeefveece 1938 keer Oeeje 45 kes Devegmeej j kej efoee peeeiee Deewj
keesF& jeefMe ose veneR nesieer.
2. eerefceece kee Yegieleeve : Jeeef<e&ke DeLeJee DeOe&Jeeef<e&ke eerefceeceeW kes Yegieleeve kes
efuees Ske ceen efkebleg kece mes kece 30 efove keer efjeeele DeJeefOe oer peeesieer. eefo
eerefceece kee Yegieleeve efjeeele DeJeefOe meceeHle nesves mes HetJe& veneR efkeee peelee nw
lees Hee@efuemeer keeueeleerle nes peeesieer.
Fme DeJeefOe kes oewjeve Deewj Gme Jekele ose eerefceece kee Yegieleeve kejves mes HetJe&
ner eefo yeerefcele Jeeqkele keer ce=leg nes peeleer nw lees Yeer Hee@efuemeer JewOe jnsieer Deewj
yeerceeOeve kee Yegieleeve Gkele eerefceece leLee Je<e&ieeb kes HetJe& ose nesves Jeeues Deoe
eerefceece keer keewleer kes Ghejeble efkeee peeesiee.
CONDITIONS AND PRIVILEGES WITHIN REFERRED TO
1.
Provided further that if the Life Assured's 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 and nothing
shall be payable subject to section 45 of Insurance Act, 1938.
2.
If the Policy has not lapsed and the claim is admitted in case of
death under a Policy where the mode of payment of premium is
other than yearly, unpaid premiums, if any, falling due before
the next Policy anniversary shall be deducted from the claim
amount.
3.
Hee@efuemeer kee Hegve eJele&ve kejves nsleg pejer efJeMes<e efjHees&, eefo keesF& nw, mes
meeqcceefuele efjHees& keer ueeiele yeerefcele Jeeqkele kees Deoe kejveer nesieer.
Taxes: Taxes including Service Tax, if any, shall be as per the
Tax laws and the rate of tax shall be as applicable from time to
time.
The amount of tax as per the prevailing rates shall be payable
by the policyholder on instalment premiums including extra
premiums, if any. The amount of tax paid shall not be
considered for calculation of benefits payable under the plan.
kej keevetve kes Devegmeej ose kej keer jeefMe Hee@efuemeer Oeejke mes eerefceece osves kes
mecee Jemetue keer peeesieer. kej kes efueS eoe jeefMe eespevee kes Debleie&le efoS ieS
ueeYe keer ieCevee ceW meeqcceefuele veneR keer peeSieer.
4. yevo Hee@efuemeereeW kee Hegve eJele&ve : eefo Hee@efuemeer keeueeleerle nes ieF& nw lees Gmes
yeerefcele Jeeqkele kes peerJeve keeue ceW, eLece Deoe eerefceece keer efleefLe mes 2 Je<e&
keer DeJeefOe kes Yeerlej leLee HeefjHekeJelee efleefLe kes HetJe& efveiece kees melele
yeerceeeesielee kee meblees<eeo eceeCe emlegle kejves Hej leLee meYeer yekeeee
eerefceeceeW kee efveiece eje mecee-mecee Hej efveOee&efjle yeepe oj mes ceener
eeJe=ef yeepe kes meeLe Yegieleeve kejkes Hegve: eJeefle&le kejeee pee mekelee nw,
leLeeefHe efveiece yevo Hee@efuemeereeW kes eJele&ve kees cetue MeleeX Hej mJeerkeej ee
mebMeesefOele ojeW Hej mJeerkeej kejves kee DeefOekeej DeHeves Heeme megjef#ele jKelee
nw. yevo Hee@efuemeer kee Hegve: eJele&ve leYeer eYeeJeer nesiee peye efveiece eje Gmes
Devegceesefole kej efoee peeesiee leLee efJeefMe He mes emleeJe / yeerefcele Jeeqkele
kees metefele kej efoee peeesiee.
Payment of Premiums: A grace period of one month but not
less than 30 days will be allowed for payment of yearly or halfyearly premiums. If premium is not paid before the expiry of the
days of grace, the Policy lapses.
If the death of the Life Assured occurs within the grace period
but before the payment of the premium then due, the policy will
still be valid and the Sum Assured shall be paid after deduction
of the said unpaid premium as also unpaid premiums falling due
before the next policy anniversary.
eefo Hee@efuemeer keeueeleerle veneR nesleer nw Deewj Hee@efuemeer kes lenle ce=leg keer oMee ceW
oeJee efkeee ieee nesiee peneb eerefceece Yegieleeve kee lejerkee Jeeef<e&ke kes DeueeJee
nesiee, Yegieleeve ve efkeS ieS eerefceece, Deiej keg nes lees, Deieueer Hee@efuemeer
Je<e&ieeb kes Henues DeevesJeeueer, kees oeJes keer jkece mes kee efueee peeSiee.
3. kej : kej, mesJeekej meefnle, eefo keesF& neW, kej keevetve kes Devegmeej neWies Deewj
kej keer oj mecee mecee Hej ueeiet Devegmeej nesieer.
Proof of Age: The premium having been calculated on 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
Corporation's 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 Sum Assured 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, that in case
the Life Assured / Proposer continues to pay the premium at the
rates shown herein, and also 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 upto the date
on which the Policy becomes a claim, with interest on each
instalment of such difference at such rate as 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 will be deducted from the Policy moneys payable on the
Policy becoming a claim.
4.
Revival of Discontinued Policies: If the policy has lapsed,
due to non payment of due premium within the days of grace, it
may be revived during the life time of the Life Assured, but within
a period of 2 consecutive years from the date of the first unpaid
premium and before the date of maturity, on submission of proof
of continued insurability to the satisfaction of the Corporation
and the payment of all the arrears of premium together with
interest (compounding half-yearly) at such rate as fixed by the
Corporation from time to time. The Corporation, however,
reserves the right to accept at original terms, accept with
modified terms or declines the revival of a discontinued policy.
The revival of the discontinued policy shall take effect only after
the same is approved by the Corporation and is specifically
communicated to the Policyholder/Life Assured.
The cost of the medical reports, including special reports, if any,
required for the purposes of revival of the policy, shall be borne
by the Life Assured.
5. efJeMes<e HeefjefmLeefleeeW ceW peyleer : eefo eerefceeceeW kee Yegieleeve efveece Devegmeej veneR
efkeee peelee nw ee FmeceW meceeefJe< ee He=ebefkele efkemeer Mele& kee GuuebIeve efkeee
peelee nw ee eefo Heeee peelee nw efke emleeJe He$e, Jeeqkeleiele ekeLeve, Iees<eCee Deewj
mebyebefOele euesKeeW ceW keesF& Demele ee ieuele keLeve meeqcceefuele nw DeLeJee keesF&
leeeqlJeke peevekeejer efHeeF& ieeer nw lees Ssmes eleske ceeceues ceW efkevleg yeercee
DeefOeefveece, 1938 keer Oeeje 45 keer ueeiet nes mekeves Jeeueer JeJemLeeDeeW kes DeOeerve
en Hee@efuemeer DeJewOe nesieer Deewj FmeceW mecyeefvOele efkemeer Yeer efnleueeYe kes efueS mecemle
oeJes yebo Deewj meceeHle nes peeeWies Deewj Fme Hee@efuemeer keer MeleeX kes Devegmeej leLee
keevetveer leewj Hej efveiece eje oer peeves Jeeueer megefJeOeeSb eeHle vener nesieer.
5.
Forfeiture in certain events: In case the premiums shall not
be duly paid or in case any condition herein contained or
endorsed hereon shall 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 but subject to the provisions of Section 45 of
the Insurance Act, 1938, wherever applicable, this policy shall
be void and all claims to any benefit in virtue hereof shall cease
immediately and nothing shall be payable.
6. Deelcenlee : eefo yeerefcele Jeeqkele (eens ceeveefmeke He mes mJemLe nes ee DemJemLe)
peesefKece Meg nesves keer efleefLe mes ee Hee@efuemeer kes HegveeJele&ve kejves kes Heeele 12
cenerveeW ceW Deelcenlee kej ueslee nw lees ce=leg keer efleefLe leke eoe eerefceece kes 80%
kes mececetue jeefMe, Deiej Hee@efuemeer HetCe&le eeuet nw lees (kej Deewj Deefleefjkele
eerefceece, Deiej keesF& nw kees es[ kej) ose nesieer. Fme Hee@efuemeer kes Debleie&le Deve
keesF& oeJes Hej efveiece efJeeej vener kejsiee.
6.
Suicide:
This policy shall be void if the Life Assured (whether sane or
insane) commits suicide within 12 months from the date of
commencement of risk or from the date of revival, an amount
equal to 80% of the premiums paid till the date of death
(excluding any taxes and extra premium, if any), provided the
policy is inforce, shall be payable. The Corporation will not
entertain any other claim under this policy.
7. DeYeefHe&le cetue : Fme Hee@efuemeer kes Debleie&le DeYeefHe&le cetue GHeueyOe venerb nesiee.
7.
Surrender Value: No Surrender Value will be available under
this policy.
8.
eoe cetue : en Hee@efuemeer kees keesF& eoe cetue eeHle veneR nesiee.
8.
Paid-up Value: This policy will not acquire any Paid-up value.
9.
$eCe : Fme eespevee ceW $eCe GHeueyOe venerb nQ.
9.
Loan: No loan will be available under this policy.
10. mecevegosMeve Je veeceebkeve : Fme Hueeve kes Debleie&le yeercee DeefOeefveece 1938 keer
Oeeje 38 Devegmeej mecevegosMeve keer Devegceefle nw.
yeercee DeefOeefveece 1938 keer Oeeje 39 kes lenle peerJeve yeercee keer Hee@efuemeer Oeejke
kees veeceebkeve kejvee pejer nw. Hee@efuemeer ceW emleeJe ejCe kes mecee ner Jejerelee mes
veeceebkeve megefveefele kejvee eeefnS. lelHeeele mecevegosMeve ee veeceebkeve ceW HeefjJele&ve
efveiece kes efpeme keeee&uee mes Hee@efuemeer mesJee oer pee jner nw JeneB Hej mecevegosMeve
metevee ee veeceebkeve ceW HeefjJele&ve emlegle kejvee eeefnS. mecevegosMeve metevee ee
veeceebkeve ceW HeefjJele&ve kejves Hej efveiece keesF& oeefelJe mJeerkeej vener kejsiee ee
Gmekeer JewOelee ee JewOeeefveke HeefjCeece Hej keesF& efHHeCeer vener kejsiee.
11. oeJes kes efueS meeceeve DeHes#eeSb: Hee@efuemeerOeejke keer ce=leg nesves Hej oeJesoej eje
oeJee emlegle kejles mecee efveiece eje efveOee&efjle DeeJesove omleeJespeeW ceW oeJee Hee@ce&,
cetue Hee@efuemeer omleeJespe, mJeeefcelJe kee eceeCe, ce=leg kee eceeCe, ogIe&vee/ DeHebielee
kee eceeCe, ce=leg mes HetJe& kee Jewekeere Gheeej, yeQke kes Keeles ceW meerOee DeblejCe kejves
nsleg NEFT DevegosMe, efveeeskelee kee eceeCeHe$e, FveceW mes pees ueeiet nes, efveiece kees
meblees<eeo He ceW HesMe kejvee nesiee. Deiej Hee@efuemeer Debleie&le Deeeg mJeerke=le veneR keer
ieF& nw, lees yeerefcele Jeeqkele keer Deeeg kee eceeCe Yeer emlegle kejvee nesiee.
12. JewOeeefveke HeefjJele&ve : Fme Hee@efuemeer kes Debleie&le ose eerefceeceeW Deewj efnleueeYeeW
meefnle efveece Deewj MeleX mebyebefOele keevetveeW Deewj efJeefveeceeW kes Devegmeej HeefjJele&veere nQ.
13. ketefuebie Dee@He DeJeefOe: eefo Hee@efuemeerOeejke Hee@efuemeer kes efveece Deewj MeleeX mes
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efjHees&, Deiej keesF& nw, kee kej JeeefHeme kej osiee.
yeercee DeefOeefveece, 1938 keer Oeeje 45
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keer MeleeX ceW HeefjJele&ve efkeee ieee nw.
10. Assignments and Nominations: Assignment is allowed
under this plan as per section 38 of the Insurance Act, 1938.
Nomination by the holder of a policy of life assurance is
required as per section 39 of the Insurance Act, 1938.
Nomination is to be done preferably at proposal stage. Though
it can be done/ changed at any time during the term of the
policy. However, on a subsequent assignment or change of
nomination, the notice of assignment or change of nomination
should be submitted for registration to the office of the
Corporation, where the policy is serviced. In registering an
assignment or nomination the Corporation does not accept
any responsibility or express any opinion as to its validity or
legal effect.
11. Normal requirements for a claim: The normal documents
which the claimant shall submit while lodging the claim in case
of death of the Life Assured shall be the claim form, 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, 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.
12. Legislative Changes: The Terms and Conditions including
the premiums and benefits payable under this policy are
subject to variation in accordance with the relevant Legislation
& Regulations.
13. Cooling-off Period: If the Policyholder is not satisfied with the
Terms and Conditions of the policy, the policy may be
returned to the Corporation within 15 days from the date of
receipt of the policy stating the reason of objections. On receipt
of the same the Corporation shall cancel the policy and return
the amount of premium deposited after deducting the
proportionate risk premium for the period on cover, stamp duty
charges, expenses for medical examination and special
reports, if any.
Section 45 of Insurance Act, 1938:
No policy of life insurance shall after the expiry of two years
from the date on which it was effected, be called in question by
an insurer on the ground that a statement made in the proposal
for insurance or in any report of a medical officer, or referee, or
friend of the insured, or in any other document leading to the
issue of the policy, was inaccurate or false, unless the insurer
shows that such statement was on a material matter or
suppressed facts which it was material to disclose and that it
was fraudulently made by the policyholder and that the
policyholder knew at the time of making it that the statement
was false or that it suppressed facts which it was material to
disclose.
Provided that 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 assured was incorrectly stated in
the proposal.
