Joint Life(Dampati Surachha Plus)
Features of Joint Life Plus(Dampati Surakchha Plus)
1. Name of Life Insurance : Joint Life Plus(Joint Endowment) Life Insurance
2. Participating/Non participating in Profit : This policy will participate in profit
3.Minimum Entry Age : 18 Years
4.Maximum Entry Age : 65 Years
5.Maximum Age of Maturity : 70 Years
6.Minimum Policy Term : 5 Years
7.Maxmimum Policy Term : 30 Years
8.Minimum Sum Assured : Rs.50,000/-
9.Maxmimum Sum Assured : Based on the earning/financial condition of life insured
10.Premium paying mode : Yearly, Half Yearly, Quarterly and Monthly
11. Rebate on the basis of Sum Assured:
Rebate on Large Sum Assured
| Sum Assured | Rebate |
| From Rs. 2,01,000/- to Rs. 5,00,000/- | Re. 1 per thousand |
| Rs. 501,000 and above | Rs. 2 per thousand |
12. Rebate on the basis of premium payment method:
| Mode | Rebate |
| Yearly Payment | 2 percent discount |
| Half Yearly Payment | 1 percent discount |
| Quarterly or Salary Saving Scheme(SSS) | No discount |
| Monthly Premium Payment | 5 Percent Additional |
13. Age Calculation:
The highest age among husband and wife will be taken as the basis for premium calculation
14.Terms and Conditions of Payment :
Payment will be made on the basis of below mentioned conditions:
1.Incase of death of any one life, the sum assured and earned bonus will be paid as mentioned below:
| SN | Conditions | Payment |
| a | Incase of death of any life within 5 years of commencement of policy | 100 percent of Sum Assured |
| b | Incase of death of any life within 6(From 6 years onwards) to 10 years of commencement of policy | 150 percent of Sum Assured |
| c | Incase of death of any life within 11(From 11 years onwards) to 15 years of commencement of policy | 200 percent of Sum Assured |
| d | Incase of death of any life within 16(From 16 years onwards) to 30 years of commencement of policy | 250 percent of Sum Assured |
2.Incase of death of another life, the sum assured as as mentioned above will be paid.
3.Incase of survival of any one life,additional sum assured will be paid.
4.Incase of survival of both life, sum assured and earned bonus will be paid.
15.The below mentioned Optional Rider is available with this policy:
a) Accidental Death Benefit(ADB)
b) Accidental Death Benefit(ADB)+Permanent Total Disable(PTD)
c)Accidental Death Benefit(ADB)+Permanent Total Disable(PTD) and Premium Waiver
Benefit(PWB)
First Policy Issued Date: 8th January 2019
* Terms and Conditions will be applicable.
