Modifications:
👍 No change in premiums
📌 No Anmol Jeevan. Hence, MIN. SA for Term plans is 25 lakhs (under 855)
❌ No Limited Premium Endowment (830): STOPPED FOR SALE
🆕Max. Age at Entry in 917: reduced from 67 to 50.
RIDER INCLUSIONS:
ACCIDENTAL RIDERS:
Both AB (@ ₹0.50 ‰) & ADDB (₹1‰ SA) available in all regular plans. Choose from either one.TERM RIDER:
added to S.P. plans 916 & 917 along with ADDB.CRITICAL ILLNESS RIDER:
added to LAKSHYA (933)PREMIUM WAIVER BENEFIT:
Added to minor life proposals on 814, 836, 845.GENERAL CHANGES:
👍 Revival period increased to 5 years from 2 years
👍👍 SV / paid-up/ Loan in 2 years
👁 Grace period 30 days for yrly, half yrly, qly modes
👉 Change in claim relaxation in suicide cases
PROPOSAL FORM CHANGES:
📌 ACR SEPARATE
📌 DOCTOR SIGN NOR REQUIRED IN PROPOSAL; ADDENDUM TO FMR to be included.
📌 Suitability Form to be collected.
📌 Settlement options (Risk & Maturity) to be mentioned in proposal.
🆔 Nominee's ID proof be submitted along with proposal.
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