+91 9998272519 Jayesh@licadvisor.in

Revision in Non-Medical Special and General

Read everything as SUC.
………………………………………………………………
Non-Medical (Special):

18 to 35 years: 30 Lacs
36 to 45 years: 20 Lacs
46 to 50 years: 10 Lacs
…………………………………………………………………
Non-Medical (General):

(1) Professionally Qualified:
(2) Self-Employed Males & Literate
Females…(NEW GROUP)

18 to 35 years: 25 Lacs
36 to 45 years: 15 Lacs
46 to 50 years: 8 Lacs

For (2)(NEW GROUP): Having ITRs for 3 years with annnual Income of 10 Lacs and above along with PAN CARD.

For PROFESSIONALS: Having ITR of minimum income Rs. 2.50 Lacs along with PAN CARD.

& Standard Age Proof Must…………
…………………………………………………………………
(3) Major Students (18 to 25 years):

20 Lacs under NMG

……………………………………………………………
(4) NMG for Male Lives & Literate Females (other than 1 to 3 stated above)

STANDARD AGE PROOF:

18 to 35 years: 8 Lacs
36 to 45 years: 5 Lacs
46 to 50 years: 3 Lacs
………………………………………………………………
NON-STANDARD AGE PROOF:

18 to 35 years: 5 Lacs
36 to 45 years: 3 Lacs
46 to 50 years: 2 Lacs

NON- Medical Underwriting

Non Medical Special (NMS)

Literate Males
Females with ssc
One year service completed.
Company has PF, TAN no, Leave record and is in vogue for minimum 3 years.

18 – 35 = 30 lakhs
36 – 45 = 20 lakhs
46 – 50 = 10 lakhs

NRIs and FNIO Residing in Group V

18 – 35 = 30 lakhs
36 – 45 = 20 lakhs
46 – 50 = 10 lakhs

Non medical General (Professional not under NMS)
Std Age proof
Pan card
ITRS of last 3 years
MInimum income 2.5 lakhs
Self employed literate (income more thatn 10 lacs & filing ITRs)

18 – 35 = 25 lakhs
36 – 45 = 15 lakhs
46 – 50 = 8 lakhs

Major Student upto age 25
min edq 10+2 or equivalent
declartion from parents
copy of just passed academic year reports

18- 25 = Rs 20 lakhs

Major males & Literate Females with own income
Standard age proof

18 – 35 = 8 lakhs
36 – 45 = 5 lakhs
46 – 50 = 3 lakhs

Major males & Literate Females with own income
NON Standard age proof
max term 25 years
max maturity 65
max entry age 50

18 – 35 = 5 lakhs
36 – 45 = 3 lakhs
46 – 50 = 2 lakhs

Financial Underwriting Revision

Max Total Rated SUM Assured allowed as per average income of last three years

Income less than 10 lakhs
upto 35 years – 25 times of income
36 – 45 years – 20 times of income
46 – 55 years – 12 times of income
56 years & Abv- 10 times of income.
Income more than 10 lakhs
upto 35 years – 30 times of income
36 – 45 years – 25 times of income
46 – 50 years – 20 times of income
51 – 55 years – 15 times of income
56 years & Abv- 10 times of income.

Old rules apply to female Life Category III

PFQ / CA Certificate
Increased Upto 50 lakhs for all plans Except Term
Term rider & Term plans max 25 lakhs

Underwriting Revision
NRI & FNIO
===
# Groups reclassified, Now instead of 7 only 5
# Max TRSA increased to 150 lacs & 250 lacs for group III & IV respectively
# Non medical exclusive, Single premium exclusive, Term rider & PWB for group V only.
# HIV report with Medical for groups III & IV cumpulsory.
# Juvenile Lives & Housewives insurance allowed under IV & V only.
# For juvenile lives rules as per Indian juvenile lives
# Mail order business max 3 crore allowed, only group V
# Term plan & Term rider under Mail order max 25 lac
# Minum SA under mail order 10 lacs
# For FNIO no riders except AB
# NO mail order business for FNIO
# Class I occupation will only be eligible for 50 lacs above
# FNIO – Term plans and Pension plans Not Allowed

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