Features of plan: Bima Nivesh 2005 is an investment plan with compound rate of guaranteed additions and loyalty additions. It is a single premium, investment plan for those who have no regular income but good periodical income.

When term assurance rider is not opted for:

• Proposals under Bima Nivesh- 2005 plan will be considered independently without clubbing the sum under consideration (SUC) with previously accepted proposals.
  
• No special report will be called for irrespective of the sum under consideration (SUC).
  
• Proposal under Bima Nivesh- 2005 will be considered on the Basic of satisfactory declaration of good health (DGH).
  
• Age proof standard or non-standard age proofs are acceptable.

When term assurance rider is opted for: the usual underwriting rules for clubbing, calling general and special reports etc. will apply for the term assurance rider S.A. the term assurance rider S.A will be the sum under consideration (SUC).

Plan parameters
Age at entry: Min. 13 yrs. Completed Max 70 yrs.
Maturity age: Min. 75 yrs
Term: 5 & 10 yrs
Sum assured: Min 25,000 Max. No. Limit
S.A in multiples: 5,000
Mode of payment: Single premium
Policy loan: yes
Housing loan: yes
Assignment: yes
Surrender of policy: yes
Term ride: yes

Underwriting conditions
Form no: 300/340
Age proof: std/Non Std
Medical exam: not required for
(When term assurance
Rider is not opted for)
Risk coverage: SA + GA
Dating back @ 8%: Allowed

Death benefit: in case of the unfortunate death of the life assured during the term of the policy, S.A along with the accrued G.A will be payable.

Example: 35 years old Mr. Lalu prasad, opts for bima nivesh 2005, S.A 1 Lac for a 10 year term. He pays Rs.97,124/- as single premium. On maturity, he will get Rs.1,70,814/- + loyalty addition, if any. If he dies before maturity, then his nominee will get Rs.1 Lac S.A along with accrued guaranteed addition.

Searching the right agent is only the beginning… Contact us.

Life insurance firms mull riders to take policyholders for a ride Life insurance firms are busy at work to beat the new ULIP regulations issued by the regulator, capping the various charges that they can levy on policyholders.

A cashless policy won't leave you helpless in case of emergency The facility has been possible because of insurance cos' desire to provide it when customers need to be hospitalised. Full Coverage: Cashless facility stopped

Insurers, hospitals to restore emergency cashless claims State-owned insurers and hospitals agreed to restore cashless medical claims for emergency cases. Full Coverage: Medical insurers stop cashless facility

Insurers set 10-day cashless deadline The standoff between insurance companies and private hospitals over cashless treatment continues, defying hopes of millions of Mediclaim policy holders for an early resolution.

Draft norms on health insurance policies soon: IRDA IRDA said that it will soon come out with draft norms that define terms like critical illness and hospitalisation cost, among others, a move that will reduce the scope for disputes between insurers and hospitals.

Row over cashless facility to be resolved in 10 days Private hospitals will resolve their dispute with state-owned insurance firms and restore cashless treatment under Mediclaim policies within 10 days, Naresh Trehan, heart surgeon and member of a conciliatory group said.

IRDA hopeful of early resolution of cashless treatment row Insurance regulator IRDA today expressed hope that the row over withdrawal of the cashless treatment facility at select hospitals by public sector insurance companies will be sorted out shortly.