Posted on: October 27, 2020 Posted by: admin Comments: 0



Saral Jeevan Bima | IRDA New Standard Term Life Insurance | in Hindi | #41

Circular Download link : https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4264&flag=1

Policy Cancel Calculation :

The amount payable shall be as follows:
i)Single Premium Policies: The Policy Cancellation Value acquires immediately after receipt of Single Premium and is calculated as follows:=70% ×𝑆𝑖𝑛𝑔𝑙𝑒 𝑃𝑟𝑒𝑚𝑖𝑢𝑚 𝑝𝑎𝑖𝑑 × 𝑈𝑛𝑒𝑥𝑝𝑖𝑟𝑒𝑑 𝑃𝑜𝑙𝑖𝑐𝑦 𝑇𝑒𝑟𝑚 𝑂𝑟𝑖𝑔𝑖𝑛𝑎𝑙 𝑃𝑜𝑙𝑖𝑐𝑦 𝑇𝑒𝑟𝑚 Single Premium shall be inclusive of extra premium, if any. ii)Limited Premium Payment Term: 5 years or 10 years: The Policy Cancellation Value acquires if at least two (2) consecutive full years’ premiums are paid and is calculated as follows:= 70%×𝑇𝑜𝑡𝑎𝑙 𝑃𝑟𝑒𝑚𝑖𝑢𝑚𝑠 𝑝𝑎𝑖𝑑× 𝑈𝑛𝑒𝑥𝑝𝑖𝑟𝑒𝑑 𝑃𝑜𝑙𝑖𝑐𝑦 𝑇𝑒𝑟𝑚 𝑂𝑟𝑖𝑔𝑖𝑛𝑎𝑙 𝑃𝑜𝑙𝑖𝑐𝑦 𝑇𝑒𝑟𝑚 Total Premiums Paid shall be inclusive of extra premiums, if any.

Hello Dosto,
Maine aapko is Video main IRDA ke Naye Circular ke baare main bataya hai ki ab Sabhi Life Insurance Companies ko Standard Term Insurance bi sell karne honge…Agar aapke koi sawaal hai tto aap mujhse pooch sakte hai…

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Sachin

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