6.

Amhm {X ~r{V {$ (Mmho mZ{gH$ n go dW hmo m AdW) Omo{I

ew$ hmoZo H$s {V{W go m nm{bgr Ho$ nwZdVZ H$aZo Ho$ nMmV 12 hrZm| o Amhm
H$a bmoVm h Vmo w H$s {V{W VH$ Xm r{ Ho$ 80% Ho$ gy am{e, AJa
nm{bgr nyUV Mmby h Vmo (H$a Ama A{V[a$ r{, AJa H$moB h H$mo N>moS> H$a) Xo
hmoJr& Bg nm{bgr Ho$ AVJV A H$moB Xmd| na {ZJ {dMma Zhr H$aoJm&

Bg nm{bgr | Xr JB eV} d gw{dYm| 1. Amw mU Vmd n | Kmo{fV H$s JB ~r{V {$ H$s Amw na r{ H$s JUZm
hmo OmZo Ho$ CnamV Xr Amw Cg Amw go A{YH$ nmB OmVr h Vmo ~rm A{Y{Z 1938
Ho$ AVJV CnbY A{YH$mam| Ama CnMmam| na H$moB {VHy$b ^md S>mbo {~Zm, Eogo mbo
|, r{ doe Ho$ g ghr Amw Ho$ AmYma na {ZH$mbr JB Xa go Xo hmoJm Ama
nm{bgr Ama^ hmoZo go boH$a Eogo ^wJVmZ H$s {V{W VH$ yb r{ Ama ghr Amw Ho$
r{ Ho$ ~rM Ho$ AVa H$s g{MV am{e Ama ghr Amw Ho$ r{ Ho$ ~rM Ho$ AVa H$s
g{MV am{e Ama ghr Amw Ad{Y Ho$ {bo {ZJmam Cg g M{bV Xa go mO
g{hV ^wJVmZ H$aoJm& VWm{n mdYmZ h {H$ {X ~r{V {$ Bg| C{{IV r{
H$sXa go ^wJVmZ H$aVm aho Ama Cnw$ g{MV F$U am{e H$m ^wJVmZ Z H$ao Vmo nm{bgr
ma^ hmoZo H$s {V{W go nm{bgr Ho$ Xmdm ~ZZo H$s {V{W VH$ ghr Amw Ho$ r{ Ama
yb r{ Ho$ ~rM Ho$ AVa H$s g{MV am{e ma Eogo AVa H$s oH$ {H$V na Xmdo Ho$
g M{bV Xa go mO Ho$ gmW Xo hmoJr& Cgo nm{bgr na ~r{V {$mam Xo
F$U mZm OmoJm Ama nm{bgr Ho$ AVJV Xmdm hmoZo na nm{bgr H$s YZam{e go H$mQ>
{bm OmoJm&
h ^r mdYmZ h {H$ doe Ho$ g ~r{V {$ H$s ghr Amw Omo C$ Vm{bH$m |
{Z{X> ~rm dJ AWdm eVm] Ho$ AYrZ ~rm boZo Ho$ {bo Cgo Amo ~Zm Xo Vmo CgH$mo
nm{bgr Ho$ ma^ | M{bV Wm Ho$ AZwgma {ZJmam XmZ {H$o OmZo dmbo ~rm dJ
AWdm ghVm] o n[ad{VV H$a {Xm OmoJm, ~eV} {H$ ~r{V {$ H$mo drH$ma hmo&
AWm nm{bgr H$mo a H$a {Xm OmoJm&
2. r{ H$m ^wJVmZ dm{fH$ AWdm AYdm{fH$ r{m| Ho$ ^wJVmZ Ho$ {bo EH$ mh
qH$Vw H$ go H$ 30 {XZ H$s [amV Ad{YV Xr OmoJr& {X r{ H$m ^wJVmZ
[amV Ad{Y gm hmoZo go nyd Zhr {H$m OmVm h Vmo nm{bgr H$mbmVrV hmo OmoJr&
Bg Ad{Y H$o XmamZ Ama Cg d$ Xo r{ H$m ^JwVmZ H$aZo go ndy hr {X ~r{V
{$ H$s w hmo OmVr h Vmo ^r nm{bgr dY ahJor Ama ~rmYZ H$m ^JwVmZ C$ r{
VWm dfJmR> H$o ndy Xo hmZoo dmbo AXm r{ H$s H$Q>mVr H$o CnamV {H$m OmJom&
{X nm{bgr H$mbmVrV Zhr hmoVr h Ama nm{bgr Ho$ VhV w H$s Xem | Xmdm {H$m
Jm hmoJm Ohm r{ ^wJVmZ H$m VarH$m dm{fH$ Ho$ Abmdm hmoJm, ^wJVmZ Z {H$E JE
r{, AJa Hw$N> hmo Vmo, AJbr nm{bgr dfJmR> Ho$ nhbo AmZodmbr, H$mo Xmdo H$s aH$
go H$mQ> {bm OmEJm&

CONDITIONS AND PRIVILEGES WITHIN REFERRED TO1.

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.
2.

Payment of Premiums: A grace period of one month but not less than 30 days
will be allowed for payment of yearly or half-yearly 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.
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. H$a H$a, godmH$a g{hV, {X H$moB hm|, H$a H$mZyZ Ho$ AZwgma hm|Jo Ama H$a H$s Xa g
g na bmJy AZwgma hmoJr&
H$a H$mZZy H$o AZgwma Xo H$ar H$s am{e nm{bgr YmaH$ go r{ XZoo H$o g dgb
y H$s
OmJor& H$a H$o {bE Xm am{e mO
o Zm H$o AVJV {XE JE bm^ H$s JUZm | gp{bV Zht
H$s OmEJr&

3.

4. ~X nm{bgrm| H$m nwZdVZ {X nm{bgr H$mbmVrV hmo JB h Vmo Cgo ~r{V {$

Ho$ OrdZ H$mb |, W AXm r{ H$s {V{W go 2 df H$s Ad{Y Ho$ ^rVa VWm
n[an$Vm {V{W Ho$ nyd {ZJ H$mo gVV ~rm moV H$m gVmofX mU VwV H$aZo
na VWm g^r ~H$mm r{m| H$m {ZJ mam g-g na {ZYm[aV mO Xa go
N>mhr MH$d{ mO Ho$ gmW ^wJVmZ H$aHo$ nwZ d{VV H$amm Om gH$Vm h& VWm{n
{ZJ ~X nm{bgrm| Ho$ dVZ H$mo yb eVm} na drH$ma m gemo{YV Xam| na drH$ma
H$aZo H$m A{YH$ma AnZo nmg gwa{jV aIVm h& ~X nm{bgr H$m nwZ dVZ V^r
^mdr hmoJm O~ {ZJ mam Cgo AZwmo{XV H$a {Xm OmoJm VWm {d{e> $n go
Vmd / ~r{V {$ H$mo gy{MV H$a {Xm OmoJm&
nm{bgr H$m nwZ dVZ H$aZo hoVw {M{H$gm [anmoQ>, {OZ| {deof [anmoQ> ^r em{b h,
{X H$moB h, H$s bmJV ~r{V {V H$mo AXm H$aZr hmoJr&

4.

5. {deof n[apW{Vm| | OVr {X r{m| H$m ^wJVmZ {Z AZwgma Zht {H$m

OmVm h m Bg| gm{d> m n>m{H$V {H$gr eV H$m CKZ {H$m OmVm h m {X
nmm OmVm h {H$ Vmd n, [$JV H$WZ, KmofUm Ama g~{YV boIm| | H$moB
Ag m JbV H$WZ gp{bV h AWdm H$moB VmpdH$ OmZH$mar {N>nmB Jr h Vmo Eogo
oH$ mbo | h nm{bgr AdY hmo OmEJr VWm Bg nm{bgr Ho$ gX^ | bm^ Ho$ g^r
Xmdo ~rm A{Y{Z, 1938 H$s Ymam 45 H$s g-g na gemo{YV VWm bmJy hmo
gH$Zodmbr dWmAm| Ho$ AYrZ hmoJo&

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.

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.
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 incurability 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
decline 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
purpose of revival of the policy, shall be borne by the Life Assured.

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 this policy shall be
void and all claims to any benefit in virtue of this policy shall be subject to the
provisions of Section 45 of the Insurance Act, 1938, as amended from time to
time.

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. A{nV y Bg nm{bgr Ho$ AVJV A{nV y CnbY Zhr hmoJm&

7.

Surrender Value: No Surrender Value will be available under this policy.

8. Xm y h nm{bgr H$mo H$moB Xm y m Zht hmoJm&

8.

Paid-up Value: This policy will not acquire any Paid-up value.

9. F$U Bg moOZm | F$U CnbY Zhr h&

9.

Loan: No loan will be available under this policy.

10. gZwXoeZ d ZmmH$Z

A) gZwXoeZ Bg bmZ Ho$ AVJV ~rm A{Y{Z 1938 H$s$ Ymam 38 Ho$ AZwgma
gZwXoeZ H$s AZw{V h& Ymam 38 H$s dVmZ bmJy dWmE Bg nm{bgr XVmdoO Ho$
n[a{e> - 1 | gm{d> h&
gZwXoeZ H$s gyMZm {ZJ Ho$ {Og H$mmb go nm{bgr godm Xr Om ahr h, dhm na
nOrH$aU Ho$ hoVw VwV H$s OmZr Mm{hE&
~) ZmmH$Z g-g na gemo{YV ~rm A{Y{Z 1938 H$s Ymam 39 Ho$
AZwgma OrdZ ~rm nm{bgr YmaH$ H$mo ZmmH$Z H$aZm AmdH$ h& Ymam 39 H$s
dVmZ bmJy dWmE Bg nm{bgr XVmdoO Ho$ n[a{e> - 2 | gm{d> h&
ZmmH$Z m ZmmH$Z | n[adVZ H$s gyMZm {ZJ Ho$ {Og H$mmb go nm{bgr godm Xr
Om ahr h, dhm na nOrH$aU Ho$ hoVw VwV H$s OmZr Mm{hE& ZmmH$Z H$m nOrH$aU
H$aZo na {ZJ H$moB Xm{d drH$ma Zhr H$aoJm m CgH$s dYVm m dYm{ZH$ n[aUm
na H$moB {Q>nUr Zht H$aoJm&

10. Assignments and Nominations:

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.

11. Xmdo Ho$ {bE gmm AnojmE nm{bgrYmaH$ H$s w hmoZo na XmdoXma mam Xmdm
VwV H$aVo g {ZJ mam {ZYm[aV AmdoXZ XVmdoOm| | Xmdm $m, yb nm{bgr
XVmdoO, dm{d H$m mU, w H$m mU, XKQ>Zm / AnJVm H$m mU, w go
nyU H$m dH$s CnMma, ~H$ Ho$ ImVo | grYm AVaU H$aZo hoVw NEFT AZwXoe, {Zmo$m
H$m mUn, BZ| go Omo bmJy hmo, {ZJ H$mo gVmofX $n | noe H$aZm hmoJm& AJa
nm{bgr AVJV Amw drH$V Zht H$s JB h& Vmo ~r{V {$ H$s Amw H$m mU ^r
VwV H$aZm hmoJm&

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. dYm{ZH$ n[adVZ Bg nm{bgr Ho$ AVJV Xo r{m| Ama {hVbm^m| g{hV {Z
Ama eV} g~{YV H$mZyZm| Ama {d{Zm| Ho$ AZwgma n[adVZr h&

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. Hy$qbJ Am$ Ad{Y {X nm{bgrYmaH$ nm{bgr Ho$ ""{Z Ama eVm}'' go gVw> Zht
h Vmo dh nm{bgr m hmoZo H$s {V{Wgo 15 {XZm| Ho$ AXa Amn{mm| H$m H$maU ~VmVo ho
{ZJ H$mo nm{bgr bmQ>m gH$Vm h& BgHo$ m hmoZo na {ZJ nm{bgr {ZaV H$aHo$, Om
H$s JB r{ H$s am{e go mU Ho$ AZwgma [aH$ r{, dm narjU ewH$,
Q>n ewH$ Ama {deof [anmoQ>, AJa H$moB h, H$mQ> H$a dm{ng H$a XoJm&

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.

~rm A{Y{Z, 1938 H$s Ymam 45

~rm A{Y{Z, 1938 H$s Ymam 45 H$s dWmE g-g na gemoYZ Ho$ AZwgma bmJy
hmo OmEJr& dVmZ dWmE Bg nm{bgr XVmdoO Ho$ n[a{e>-3 | gm{d> h&
{eH$mV {ZamH$aU aMZm
JmhH$m| H$s {eH$mVm| H$m {ZamH$aU H$aZo hoVw {ZJ Zo emIm / {d^mJ /jor / H|$r
H$mmb Ho$ Va na {eH$mV {ZamH$aU A{YH$mar H$s {Zw{$ H$s h& JmhH$m| H$s {eH$mVm|
H$m OX {ZamH$aU gw{ZpMV H$aZo hoVw {ZJ Zo AnZo JmhH$ nmoQ>b (do~gmBQ>)
http://www.licindia.in, Ho$ m go JmhH$ gMmbZ mo EH$mpH$ {eH$mV dWmnZ
Um{b VwV H$s h, Ohm na nOrH$V nm{bgr YmaH$ AnZm AgVmof / {eH$mV j XO
H$a gH$Vo h, VWm CgH$s pW{V H$m AdbmoH$Z H$a gH$Vo h& {eH$mVm| Ho$ {ZamH$aU Ho$ hoVw
JmhH$ co_crmgrv@licindia.com Bg B-ob AmBS>r na gnH$ H$a gH$Vo h&
{X JmhH$ {bo Odm~ go gVw> Zhr h m hgo 15 {XZm| Ho$ ^rVa Odm~ Zht nmVm h, Vmo dh
JmhH$ AmBAmaS>rEAmB Ho$ {eH$mV H$j go {H$gr ^r {ZZ{b{IV mJ go gnH$ H$a gH$Vo h&
Q>mob $s gm 155255/ 18004254732 (m{Z AmBAmaS>rEAmB {eH$mV H$j
H|$) na H$mb H$a|&
complaints@irda.gov.in na B-ob ^oO H$a
http://www.igms.irda.gov.in na {eH$mV XO H$a|&
JmhH$ mbm {d^mJ, ^maVr ~rm {ZU VWm {dH$mg m{YH$aU, 9dt {Ob,
wZmBQ>oS> B{S>m Q>mdg, ~era~mJ, hXam~mX - 500029, AmY Xoe Ho$ nVo na
{eH$mV nmam / Hw$[aa mam ^oO H$a&
040-66789768 na AnZr {eH$mV $g na ^oO X|&
w Xmdm n[amJ Ho$ {ZU go AgVw> XmdoXmam| Ho$ nmg AnZo mbm| H$m nwZarjU H$aZo
Ho$ {bE jor H$mmb Xmdm {ddmX {ZamH$aU g{Vr m H|$r H$mmb Xmdm {ddmX
{ZamH$aU g{Vr Ho$ nmg ^oOZo H$m {dH$n CnbY h& C mmb / {Obm mmb Ho$
godm {Zdm mm{Ye oH$ Xmdm {ddmX {ZamH$aU g{{V Ho$ gX ah|Jo& Xmdm| Ho$ gX^ o
{eH$mVm| Ho$ {ZamH$maU hoVw XmdoXma ~rm bmoH$nmb go ^r gnH$ H$a gH$Vo h, Omo JmhH$m| H$mo
H$ I{Mbm VWm ObX W {ZU XoZo H$m ~Y H$aVo h&

Section 45 of Insurance Act, 1938:

The provision of Section 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. For ensuring quick redressal of customer
grievances the Corporation has introduced Customer friendly Integrated Complaint
Management System through our Customer Por tal (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.