This document summarizes a long term health insurance plan that provides hospital cash benefits, major surgical benefits, and a ULIP (unit-linked insurance plan) component for investment. The plan covers the principal insured, spouse, and children. It provides daily cash benefits for hospitalization, lump sum payouts for major surgeries, and allows withdrawals from the investment portion for medical expenses. The plan offers coverage for various medical conditions and surgical procedures.
This document summarizes LIC's Health Protection Plus plan, a unit-linked health insurance plan. Key details include:
- It provides hospital cash and major surgical benefits along with an investment component to cover outpatient expenses.
- Insured members include the principal insured, spouse, and children up to age 17 or 25 depending on the benefit.
- Premiums can be paid yearly, half-yearly or monthly. Minimum premium amounts vary based on number of lives covered.
- Sum assured for major surgical benefit is 200 times the chosen hospital cash benefit amount.
- The policy fund is invested in a low risk fund with at least 50% in government securities and up to 50%
The document describes LIC's Jeevan Arogya health insurance plan. It provides health insurance coverage against specified health risks and helps financially in medical emergencies. The plan offers valuable financial protection for hospitalization, surgery, and increasing health coverage annually. Policyholders can choose their health coverage level between Rs. 1,000-4,000 per day and insure themselves, spouse, children, parents, and parents-in-law under one policy from age 18-75. The plan provides benefits like hospital cash, surgical coverage, day care procedures, ambulance costs, and premium waivers.
The document discusses LIC's Jeevan Arogya health insurance plan. It provides valuable financial protection for hospitalization, surgery, and other medical costs. The plan offers benefits like hospital cash, major surgery coverage, day care procedures, and premium waivers. It insures individuals and families with flexible coverage options. Key benefits include pre-defined payouts regardless of actual costs and increasing health coverage amounts over time.
This document discusses strategies for planning and funding a child's education. It recommends starting a recurring deposit account early and consistently saving to build funds for higher education costs. It also recommends investing in a child education policy, which is a life insurance product that saves and provides funds for college. The document outlines the features and types of child education policies, including endowment policies and ULIPs, and factors to consider when selecting the best policy like affordability, returns, and benefits. It provides tips for analyzing policies and choosing one that suits the child's goals.
The document summarizes a term life insurance plan called the BSLI Easy Protect Plan offered by Birla Sun Life Insurance. The plan offers two options - level term assurance and increasing term assurance. It provides financial protection to the family in case of the policyholder's unfortunate demise. Customers can choose the sum assured, policy term, premium paying term, and premium payment frequency. The plan offers tax benefits and has no maturity benefit.
Nepal contribution based social security fund pptAjaya Budhathoki
This document discusses Nepal's Contribution Based Social Security Fund (CBSSF). It provides details on:
1) The laws and regulations governing CBSSF. Formal sector employees, informal sector workers, and self-employed individuals can register voluntarily or mandatorily.
2) The schemes covered by CBSSF including medical treatment, accident and disability protection, dependent family protection, and old age protection. Contributions are allocated to each scheme.
3) Benefits provided under each scheme such as medical cost coverage, accident compensation, pensions for dependents and retirees. The document outlines contribution rates, eligibility periods and excluded treatments.
The document discusses LIC's Jeevan Arogya health insurance plan. It provides details on the plan's benefits like hospital cash benefit, major surgical benefit, day care procedure benefit, and other surgical benefit. It covers expenses for hospitalization, surgery, outpatient treatments and more. The document also outlines eligibility conditions, waiting periods, and termination of the policy. Key benefits of the plan are lump sum payouts irrespective of actual medical costs and increasing health coverage annually.
This document summarizes LIC's Health Protection Plus plan, a unit-linked health insurance plan. Key details include:
- It provides hospital cash and major surgical benefits along with an investment component to cover outpatient expenses.
- Insured members include the principal insured, spouse, and children up to age 17 or 25 depending on the benefit.
- Premiums can be paid yearly, half-yearly or monthly. Minimum premium amounts vary based on number of lives covered.
- Sum assured for major surgical benefit is 200 times the chosen hospital cash benefit amount.
- The policy fund is invested in a low risk fund with at least 50% in government securities and up to 50%
The document describes LIC's Jeevan Arogya health insurance plan. It provides health insurance coverage against specified health risks and helps financially in medical emergencies. The plan offers valuable financial protection for hospitalization, surgery, and increasing health coverage annually. Policyholders can choose their health coverage level between Rs. 1,000-4,000 per day and insure themselves, spouse, children, parents, and parents-in-law under one policy from age 18-75. The plan provides benefits like hospital cash, surgical coverage, day care procedures, ambulance costs, and premium waivers.
The document discusses LIC's Jeevan Arogya health insurance plan. It provides valuable financial protection for hospitalization, surgery, and other medical costs. The plan offers benefits like hospital cash, major surgery coverage, day care procedures, and premium waivers. It insures individuals and families with flexible coverage options. Key benefits include pre-defined payouts regardless of actual costs and increasing health coverage amounts over time.
This document discusses strategies for planning and funding a child's education. It recommends starting a recurring deposit account early and consistently saving to build funds for higher education costs. It also recommends investing in a child education policy, which is a life insurance product that saves and provides funds for college. The document outlines the features and types of child education policies, including endowment policies and ULIPs, and factors to consider when selecting the best policy like affordability, returns, and benefits. It provides tips for analyzing policies and choosing one that suits the child's goals.
The document summarizes a term life insurance plan called the BSLI Easy Protect Plan offered by Birla Sun Life Insurance. The plan offers two options - level term assurance and increasing term assurance. It provides financial protection to the family in case of the policyholder's unfortunate demise. Customers can choose the sum assured, policy term, premium paying term, and premium payment frequency. The plan offers tax benefits and has no maturity benefit.
Nepal contribution based social security fund pptAjaya Budhathoki
This document discusses Nepal's Contribution Based Social Security Fund (CBSSF). It provides details on:
1) The laws and regulations governing CBSSF. Formal sector employees, informal sector workers, and self-employed individuals can register voluntarily or mandatorily.
2) The schemes covered by CBSSF including medical treatment, accident and disability protection, dependent family protection, and old age protection. Contributions are allocated to each scheme.
3) Benefits provided under each scheme such as medical cost coverage, accident compensation, pensions for dependents and retirees. The document outlines contribution rates, eligibility periods and excluded treatments.
The document discusses LIC's Jeevan Arogya health insurance plan. It provides details on the plan's benefits like hospital cash benefit, major surgical benefit, day care procedure benefit, and other surgical benefit. It covers expenses for hospitalization, surgery, outpatient treatments and more. The document also outlines eligibility conditions, waiting periods, and termination of the policy. Key benefits of the plan are lump sum payouts irrespective of actual medical costs and increasing health coverage annually.
This document summarizes a Shri Vivah life insurance plan that provides financial support for marriage. The plan offers a life coverage sum assured that is paid out either upon the death of the policyholder during the policy term or upon survival until the end of the term. Bonuses are paid out annually. The plan has eligibility conditions regarding the minimum and maximum entry age and policy term. Premiums can be paid yearly, half-yearly or quarterly. The plan provides tax benefits and has provisions for revival if premiums are not paid, paid-up value, surrender value, and loans.
Health Reform Policy and Information UpdateTom Daly
The document discusses key provisions of the Affordable Care Act, including the individual mandate, health insurance exchanges, essential health benefits, Medicaid expansion, and the employer mandate. It provides details on eligibility and requirements for the individual mandate, health insurance exchanges, and employer mandate. The document also outlines goals and funding mechanisms for expanding health insurance coverage.
This document describes several endowment insurance plans offered by an insurance provider. The plans include Jeevan Anand which provides life insurance coverage until death along with a sum assured and bonuses at the end of the premium term. Limited Payment Endowment with Profit allows limiting premium payments to a single payment or term shorter than the policy term. Jeevan Mitra provides a death benefit of double the basic sum assured along with accrued bonuses.
This document provides an overview and update on upcoming health care reform provisions taking effect in 2014. Key points include:
- Beginning in 2014, employer-sponsored plans must limit waiting periods to 90 days and annual out-of-pocket costs. Essential health benefits must also be covered.
- Health insurance exchanges will be available for individuals and small businesses to purchase coverage. Employers with 50+ employees face potential penalties if not offering affordable coverage.
- Annual limits and preexisting condition exclusions will be prohibited. Premium subsidies and an individual mandate also take effect. Small business tax credits are available.
- Wellness program incentives are increasing. Expanded Medicaid coverage was ruled unconstitutional but other provisions remain on track for 2014 implementation
Surrender Value in Life Insurance by Dr. Amitabh MishraAmitabh Mishra
Surrender value refers to the amount a policyholder will receive from an insurance company if they choose to terminate their life insurance policy before its maturity or insured event occurs. Surrender value applies to the savings and earnings portion of whole life insurance policies and is calculated based on the total premiums paid minus any applicable surrender charges. There are two types of surrender values - guaranteed surrender value, which is a minimum of 30% of premiums paid after 3 years; and special surrender value, which is calculated as the paid-up value plus bonuses multiplied by the surrender value factor, a percentage that increases each year. Surrender values aim to balance paying out policyholders while still allowing insurance companies to cover their obligations and expenses.
Birla Sun Life Insurance Platinum Plus Plan is a unit-linked insurance plan with a 10-year term. Premiums are paid annually, semi-annually, quarterly, or monthly for 3 years. The minimum sum assured is 5 times the annual premium. The plan allocates premiums to the Platinum Plus Fund III which invests in equities, debt, and derivatives. It guarantees the highest unit price recorded between May 15, 2009 to August 16, 2016 will be used to calculate the minimum value of units at maturity. The plan provides death and maturity benefits based on fund value, which is not guaranteed.
This document summarizes several endowment policies offered by LIC including Jeevan Anand, Endowment With Profit-14, Limited Payment Endowment with Profits, Jeevan Mitra, Jeevan Saathi, and Marriage Endowment & Educational Annuity. The policies provide a lump sum payment at maturity to cover future expenses like marriage or education, or a death benefit. Key features include moderate premiums, high bonuses, savings orientation, and disability or accident benefits in some plans.
This document provides an overview of the Survivor Benefit Plan (SBP) which allows military retirees to provide an annuity to eligible survivors after their death. The objectives are to understand the purposes and benefits of SBP, eligibility requirements, categories of coverage including spouse, former spouse, children, and natural persons. It also outlines how to calculate SBP premiums and annuities, and reference publications for additional information.
Kaiser International Healthgroup, Inc. is a registered health care provider in the Philippines that offers various HMO plans to both corporate and individual customers. It is led by an experienced board of directors in the medical field. The company's flagship product is the Premium Healthcare Builder Plan, a long-term savings plan that provides health care coverage for up to 20 years in the future. Key benefits include annual health checks, dental coverage, hospitalization coverage, and a lump sum payout or lifetime health benefits depending on the plan chosen.
This document describes a health insurance plan for startups and SMEs offered through TiE India. It provides comprehensive and affordable coverage for employees and families. Key features include coverage for pre-existing conditions, no health checkups required, and maternity benefits. Premiums are lower than retail plans. Medimanage will administer the program, including enrollments, claims processing, and customer support. Oriental Insurance is the insurance provider. The minimum enrollment is 1,000 members to start the policy.
- The document provides an overview of a health insurance program for TiE members that aims to provide comprehensive and affordable coverage through a single window approach.
- Key details include the roles of the insurer, TPA, and service provider Medimanage in administering the plan. The document also outlines the various plan benefits, terms, enrollment process, and policy snapshots.
- Highlights are a floater sum insured from Rs. 2-10 lakhs, coverage for pre-existing diseases, and cashless claims through an extensive hospital network.
Max New York Life Insurance aims to become the most admired life insurance company in India. Its vision is to be a top 5 private insurer through profitable new business sales while serving as a national brand, employer, and partner of choice. The company offers a range of individual and group insurance products across protection, savings, retirement, child, and health categories. It has a large network of agents and focuses on customer retention through after-sales service while targeting customers based on needs, opportunities, health, and paying capacity. The company is currently in the growth stage of its product lifecycle.
Future Generali - WHAT IS HEALTH SUPER SAVER? ColinGenerali
Health Super Saver is a health insurance product with a unique benefit of 'Super Saver Discount'! Get 80% discount on your next premium for super saver a claim free year.
For more info visit us: https://general.futuregenerali.in/Health-Insurance/health-super-saver
The Patient Protection Act introduces several new taxes and penalties related to health insurance. It does not mandate that individuals have insurance but will penalize those who do not starting in 2014. It also penalizes large employers who do not provide insurance or provide inadequate coverage. It provides tax credits to help low-income individuals afford coverage and gives tax credits to small employers who provide coverage. Higher income individuals and high-cost insurance plans will be taxed to help fund the overall plan.
Max Life Whole Life Super, a life insurance plan in which you
pay premiums for only a limited number of years and enjoy protection up to the age 100 years.
Oracle Insurance Business Intelligence allows insurers to aggregate policy, claim, and customer data into a single location to gain insights. This provides a complete view of customers and the business. Insurers can identify costs savings, revenue opportunities, and improve processes. The solution includes an insurance-specific data warehouse and analytics application with pre-built dashboards and KPIs.
This document summarizes a study on errors and omissions (E&O) insurance programs for real estate licensees in states that mandate such coverage. It provides background on E&O insurance and reviews a survey of Ohio real estate agents that found over 90% carry coverage voluntarily but are dissatisfied with aspects like cost. It then identifies the 12 states that require E&O coverage and outlines key findings from surveys of licensees and regulators in those states regarding their perspectives and experiences with mandatory programs.
This newsletter provides updates from the law firm TCLMM, including new attorneys who have joined the firm - Jay F. Jason and Michael E. Catania. It also discusses recent legal developments including derivative suits now being allowed for limited liability companies in New York. Additionally, it covers estate planning and ensuring your estate plan is up to date, as well as attorneys' fees in matrimonial matters and how fees can be shifted between spouses. The newsletter concludes by highlighting various accomplishments of attorneys at TCLMM.
The Asset Transaction Legal Land Lease Insurance Production And Accountinglegal6
This document outlines a detailed legal, land, insurance, production, and accounting due diligence checklist for an asset transaction. It lists over 50 individual due diligence tasks across various areas that need to be completed, including reviewing litigation history, permits, contracts, title, lease information, production data, environmental records, accounting records, insurance coverage, and more. The goal is to gather all relevant information on the assets and identify any issues to address in the transaction.
Here are the key points about establishing liability in medical negligence cases:
- The plaintiff must prove duty of care, breach of standard of care, harm, and causation. All elements must be established.
- Duty of care arises from the patient-practitioner relationship. Practitioners owe a duty to exercise reasonable care and skill.
- The standard of care is what a reasonable practitioner would do in the same circumstances. Expert evidence is usually needed.
- Harm must be proven, usually through medical records and reports. Compensation covers out-of-pocket costs, pain and suffering.
- Guidelines can help show if the standard of care was met or breached, but are not determinative on their
This document provides an overview of the rewards of working as a lawyer for the federal government compared to private practice. It highlights that while salaries may be lower, government lawyers have more opportunities for meaningful work and responsibility early in their careers. Benefits such as generous leave, health insurance, retirement plans, and loan repayment assistance can help offset the salary difference. Government lawyers also enjoy shaping public policy, reasonable work-life balance without billable hours pressure, and flexibility to transfer between agencies or locations. Interviews with several current and former government attorneys illustrate these points.
This document summarizes a Shri Vivah life insurance plan that provides financial support for marriage. The plan offers a life coverage sum assured that is paid out either upon the death of the policyholder during the policy term or upon survival until the end of the term. Bonuses are paid out annually. The plan has eligibility conditions regarding the minimum and maximum entry age and policy term. Premiums can be paid yearly, half-yearly or quarterly. The plan provides tax benefits and has provisions for revival if premiums are not paid, paid-up value, surrender value, and loans.
Health Reform Policy and Information UpdateTom Daly
The document discusses key provisions of the Affordable Care Act, including the individual mandate, health insurance exchanges, essential health benefits, Medicaid expansion, and the employer mandate. It provides details on eligibility and requirements for the individual mandate, health insurance exchanges, and employer mandate. The document also outlines goals and funding mechanisms for expanding health insurance coverage.
This document describes several endowment insurance plans offered by an insurance provider. The plans include Jeevan Anand which provides life insurance coverage until death along with a sum assured and bonuses at the end of the premium term. Limited Payment Endowment with Profit allows limiting premium payments to a single payment or term shorter than the policy term. Jeevan Mitra provides a death benefit of double the basic sum assured along with accrued bonuses.
This document provides an overview and update on upcoming health care reform provisions taking effect in 2014. Key points include:
- Beginning in 2014, employer-sponsored plans must limit waiting periods to 90 days and annual out-of-pocket costs. Essential health benefits must also be covered.
- Health insurance exchanges will be available for individuals and small businesses to purchase coverage. Employers with 50+ employees face potential penalties if not offering affordable coverage.
- Annual limits and preexisting condition exclusions will be prohibited. Premium subsidies and an individual mandate also take effect. Small business tax credits are available.
- Wellness program incentives are increasing. Expanded Medicaid coverage was ruled unconstitutional but other provisions remain on track for 2014 implementation
Surrender Value in Life Insurance by Dr. Amitabh MishraAmitabh Mishra
Surrender value refers to the amount a policyholder will receive from an insurance company if they choose to terminate their life insurance policy before its maturity or insured event occurs. Surrender value applies to the savings and earnings portion of whole life insurance policies and is calculated based on the total premiums paid minus any applicable surrender charges. There are two types of surrender values - guaranteed surrender value, which is a minimum of 30% of premiums paid after 3 years; and special surrender value, which is calculated as the paid-up value plus bonuses multiplied by the surrender value factor, a percentage that increases each year. Surrender values aim to balance paying out policyholders while still allowing insurance companies to cover their obligations and expenses.
Birla Sun Life Insurance Platinum Plus Plan is a unit-linked insurance plan with a 10-year term. Premiums are paid annually, semi-annually, quarterly, or monthly for 3 years. The minimum sum assured is 5 times the annual premium. The plan allocates premiums to the Platinum Plus Fund III which invests in equities, debt, and derivatives. It guarantees the highest unit price recorded between May 15, 2009 to August 16, 2016 will be used to calculate the minimum value of units at maturity. The plan provides death and maturity benefits based on fund value, which is not guaranteed.
This document summarizes several endowment policies offered by LIC including Jeevan Anand, Endowment With Profit-14, Limited Payment Endowment with Profits, Jeevan Mitra, Jeevan Saathi, and Marriage Endowment & Educational Annuity. The policies provide a lump sum payment at maturity to cover future expenses like marriage or education, or a death benefit. Key features include moderate premiums, high bonuses, savings orientation, and disability or accident benefits in some plans.
This document provides an overview of the Survivor Benefit Plan (SBP) which allows military retirees to provide an annuity to eligible survivors after their death. The objectives are to understand the purposes and benefits of SBP, eligibility requirements, categories of coverage including spouse, former spouse, children, and natural persons. It also outlines how to calculate SBP premiums and annuities, and reference publications for additional information.
Kaiser International Healthgroup, Inc. is a registered health care provider in the Philippines that offers various HMO plans to both corporate and individual customers. It is led by an experienced board of directors in the medical field. The company's flagship product is the Premium Healthcare Builder Plan, a long-term savings plan that provides health care coverage for up to 20 years in the future. Key benefits include annual health checks, dental coverage, hospitalization coverage, and a lump sum payout or lifetime health benefits depending on the plan chosen.
This document describes a health insurance plan for startups and SMEs offered through TiE India. It provides comprehensive and affordable coverage for employees and families. Key features include coverage for pre-existing conditions, no health checkups required, and maternity benefits. Premiums are lower than retail plans. Medimanage will administer the program, including enrollments, claims processing, and customer support. Oriental Insurance is the insurance provider. The minimum enrollment is 1,000 members to start the policy.
- The document provides an overview of a health insurance program for TiE members that aims to provide comprehensive and affordable coverage through a single window approach.
- Key details include the roles of the insurer, TPA, and service provider Medimanage in administering the plan. The document also outlines the various plan benefits, terms, enrollment process, and policy snapshots.
- Highlights are a floater sum insured from Rs. 2-10 lakhs, coverage for pre-existing diseases, and cashless claims through an extensive hospital network.
Max New York Life Insurance aims to become the most admired life insurance company in India. Its vision is to be a top 5 private insurer through profitable new business sales while serving as a national brand, employer, and partner of choice. The company offers a range of individual and group insurance products across protection, savings, retirement, child, and health categories. It has a large network of agents and focuses on customer retention through after-sales service while targeting customers based on needs, opportunities, health, and paying capacity. The company is currently in the growth stage of its product lifecycle.
Future Generali - WHAT IS HEALTH SUPER SAVER? ColinGenerali
Health Super Saver is a health insurance product with a unique benefit of 'Super Saver Discount'! Get 80% discount on your next premium for super saver a claim free year.
For more info visit us: https://general.futuregenerali.in/Health-Insurance/health-super-saver
The Patient Protection Act introduces several new taxes and penalties related to health insurance. It does not mandate that individuals have insurance but will penalize those who do not starting in 2014. It also penalizes large employers who do not provide insurance or provide inadequate coverage. It provides tax credits to help low-income individuals afford coverage and gives tax credits to small employers who provide coverage. Higher income individuals and high-cost insurance plans will be taxed to help fund the overall plan.
Max Life Whole Life Super, a life insurance plan in which you
pay premiums for only a limited number of years and enjoy protection up to the age 100 years.
Oracle Insurance Business Intelligence allows insurers to aggregate policy, claim, and customer data into a single location to gain insights. This provides a complete view of customers and the business. Insurers can identify costs savings, revenue opportunities, and improve processes. The solution includes an insurance-specific data warehouse and analytics application with pre-built dashboards and KPIs.
This document summarizes a study on errors and omissions (E&O) insurance programs for real estate licensees in states that mandate such coverage. It provides background on E&O insurance and reviews a survey of Ohio real estate agents that found over 90% carry coverage voluntarily but are dissatisfied with aspects like cost. It then identifies the 12 states that require E&O coverage and outlines key findings from surveys of licensees and regulators in those states regarding their perspectives and experiences with mandatory programs.
This newsletter provides updates from the law firm TCLMM, including new attorneys who have joined the firm - Jay F. Jason and Michael E. Catania. It also discusses recent legal developments including derivative suits now being allowed for limited liability companies in New York. Additionally, it covers estate planning and ensuring your estate plan is up to date, as well as attorneys' fees in matrimonial matters and how fees can be shifted between spouses. The newsletter concludes by highlighting various accomplishments of attorneys at TCLMM.
The Asset Transaction Legal Land Lease Insurance Production And Accountinglegal6
This document outlines a detailed legal, land, insurance, production, and accounting due diligence checklist for an asset transaction. It lists over 50 individual due diligence tasks across various areas that need to be completed, including reviewing litigation history, permits, contracts, title, lease information, production data, environmental records, accounting records, insurance coverage, and more. The goal is to gather all relevant information on the assets and identify any issues to address in the transaction.
Here are the key points about establishing liability in medical negligence cases:
- The plaintiff must prove duty of care, breach of standard of care, harm, and causation. All elements must be established.
- Duty of care arises from the patient-practitioner relationship. Practitioners owe a duty to exercise reasonable care and skill.
- The standard of care is what a reasonable practitioner would do in the same circumstances. Expert evidence is usually needed.
- Harm must be proven, usually through medical records and reports. Compensation covers out-of-pocket costs, pain and suffering.
- Guidelines can help show if the standard of care was met or breached, but are not determinative on their
This document provides an overview of the rewards of working as a lawyer for the federal government compared to private practice. It highlights that while salaries may be lower, government lawyers have more opportunities for meaningful work and responsibility early in their careers. Benefits such as generous leave, health insurance, retirement plans, and loan repayment assistance can help offset the salary difference. Government lawyers also enjoy shaping public policy, reasonable work-life balance without billable hours pressure, and flexibility to transfer between agencies or locations. Interviews with several current and former government attorneys illustrate these points.
This document summarizes Travis County's analysis of outsourcing delinquent property tax collection. It estimates Travis County would lose between $5-8 million annually if they outsourced based on average collection rates of two firms. It also provides data on delinquent tax rates, lawsuits filed, and collection rates by precinct and home value to analyze the county's current tax collection processes and policies. Key findings include higher delinquency and lawsuit rates in Precincts 1 and 4 which contain 39.2% of homestead parcels but 62.8% of delinquencies.
This document provides an overview of wills and estate planning. It discusses what a will is, the importance of having one, how to make a valid will, and what happens if you die without a will. Some key points covered include:
- A will allows you to specify how you want your property distributed after your death. It is not mandatory but has many benefits.
- You can make a will at any time if you are mentally capable. It should be reviewed after major life changes.
- Wills must be in writing and properly witnessed to be valid. People with complex estates are advised to consult a lawyer to draft their will.
- If you die without a will, intestacy laws will determine how
Questions And Answers On Mediation Question 1 What Is Mediation 1legal6
This document summarizes key information about mediation from questions and answers:
Mediation is a voluntary, confidential process that brings parties together with a neutral third party to resolve disputes regarding a child's special education in a written agreement. It offers an opportunity to resolve issues related to identifying, evaluating, placing or providing a free appropriate public education to a child with a disability. Mediation is available whenever a due process hearing is requested or other disputes arise. While mediation and due process hearings address similar issues, mediation is a more informal process where parties establish their own rules and remedies, while hearings have formal, established procedures and binding decisions. The benefits of mediation include the potential for an efficient and effective resolution between parties.
Legal Services Society provides several types of legal advice services:
1) Brydges Line offers 24/7 emergency legal advice to those arrested or detained by police.
2) Duty counsel give advice in courts to accused who cannot afford a lawyer. Over 80,000 people received criminal duty counsel assistance in 2007/2008.
3) Family duty counsel and advice lawyers assist over 20,000 people per year with family law issues like custody and child support.
Does Blair Answer The Question An Analysis Of His Performance Atlegal6
This research proposal seeks to analyze Tony Blair's performance at Prime Minister's Questions (PMQs) since 1997 to determine if he adequately answers questions posed. The study will qualitatively analyze a sample of questions from Conservative and Liberal Democratic leaders to categorize Blair's responses. Data will be collected over time to identify trends in answering patterns, attacked topics, and whether Blair addresses issues raised. The main source is the Hansard record from 1988-present. Statistical analysis will quantify results to evaluate if Blair fails to answer questions as accused.
This document provides a state-by-state listing of legal liability insurance carriers that offer an extended reporting period. It includes information on whether carriers are admitted or non-admitted in each state and which carriers are sponsored by state bar associations in certain states. The listing provides the names of available carriers in each state jurisdiction.
This document provides summaries of several reports and publications related to health insurance and managed care. It discusses reports from organizations like HIAA, EBRI, Urban Institute, and CBO that examine topics like the state of employer-sponsored health insurance, cost management strategies, proposals for health system reform, and the use of managed care plans. It also provides information on surveys of consumer satisfaction with HMOs and the managed care industry.
This document discusses two theories for why legal origin influences financial development:
1) The "political" channel argues that legal traditions differ in the priority they give to private property rights versus state power, and common law traditions better protect private contracting rights and financial development.
2) The "adaptability" channel holds that legal traditions differ in their ability to adapt efficiently to changing economic conditions, and common law systems can more flexibly evolve case-by-case while civil law systems rely more on statutory changes. The document assesses the empirical validity of these two channels influencing the relationship between legal origin and financial development.
This document provides a summary of insurance options for small business owners. It discusses the Business Owner's Policy (BOP), which combines property and liability coverage into one package. The BOP covers buildings, equipment, inventory, and liability for injuries on the business premises or from products. It also describes required auto and worker's compensation coverage in Wisconsin as well as optional policies for health insurance, flood insurance, and umbrella liability insurance that provides additional protection. The document aims to help small business owners understand their insurance needs.
This document is a worksheet for filling out information to create a legal will. It contains 25 questions to collect all necessary personal and financial details. Required fields are marked with an asterisk. Information provided will be kept confidential and used only to draft the will. Once completed, the form should be saved and sent to the law firm.
ICICI Prudential Life Insurance provides various insurance plans, including money back policies and ICICI Pru Cash Advantage. The money back policy provides life coverage and maturity benefits paid out over 20-25 years. ICICI Pru Cash Advantage offers guaranteed monthly cash benefits during the payout period, guaranteed maturity benefits, life coverage, and limited premium payment periods of 5-10 years. It works by calculating guaranteed cash and maturity benefits based on factors like premiums, sum assured, age, and gender. Benefits include death and maturity payouts, with loans and revival options also available under certain conditions.
The document compares retirement plans from ICICI Prudential and LIC. Both plans allow individuals to invest regularly over a period of time and then receive pension payments starting at a chosen retirement age. ICICI Prudential's "Forever Life" plan provides life insurance coverage and allows individuals to choose their retirement date and pension payment options. LIC's "Jeevan Suraksha" and "Jeevan Dhara" plans similarly allow individuals to invest regularly for a pension and include bonus payments and life coverage. The plans differ in their minimum premium amounts, coverage amounts, investment periods, eligible ages, and riders offered.
1. HDFC Life Uday is a traditional non-linked life insurance plan that provides savings, protection and bonuses.
2. Key features include guaranteed additions of 3% annually for 5 years, reversionary bonuses declared yearly, and accidental death benefit.
3. The plan offers multiple premium and policy term options. On death, the nominee receives the sum assured plus bonuses or 105% of premiums paid, whichever is higher. On maturity, the policyholder receives the sum assured plus all accrued bonuses.
Protect yourself for whole of life with lifelong protection options with life and health insurance plans. To get more details visit https://www.hdfclife.com/documents/apps/c2p-health_retail_brochure20170828-123436.pdf
To learn more about thisplan visit https://www.hdfclife.com/term-and-health-insurance-plans/click-2-protect-health-plan
This document summarizes the key benefits of the Reliance Child Plan, a participating child insurance plan. The plan provides guaranteed benefits to the child at important milestones like higher education, marriage, business setup etc. even if the policyholder is not present. The benefits include guaranteed periodic payouts on the last 3 policy anniversaries before maturity and guaranteed sum assured at maturity. In case of unfortunate death of the policyholder, all future premiums are waived and guaranteed benefits continue for the family. The plan offers life cover, tax benefits, and non-negative capital guarantee.
The document provides information on various child insurance plans offered by different insurance companies, including eligibility requirements, benefits, premium amounts, and additional features of traditional and unit-linked plans. Key details covered include plan types, riders, minimum and maximum entry ages, premium and sum assured ranges, maturity proceeds, and tax benefits. The plans aim to help parents save and secure their child's future financial needs and education.
This document summarizes the key details of LIC's Saral Jeevan Bima plan, which is a non-participating, individual pure risk premium life insurance plan. It provides a lump sum payment to the insured's family if the insured dies during the policy term. The plan offers death benefit coverage and has eligibility conditions such as a minimum sum assured of Rs. 5 lakhs and maximum of Rs. 25 lakhs. Premiums can be paid regularly or as a single premium. On the insured's death during the policy term, the nominee receives the sum assured. No maturity benefits are provided under this plan.
This document summarizes the key details of the Jeevan Arogya health insurance plan. The plan provides non-linked health coverage for the principal insured, spouse, children, parents, and parents-in-law. It offers 4 main benefits - Hospital Cash Benefit that provides a daily allowance for hospitalization, Major Surgical Benefit that pays a lump sum for major surgeries, Day Care Surgical Benefit for covered day care procedures, and Other Surgical Benefit that pays a daily allowance for other surgeries requiring hospitalization over 24 hours. The document provides details on eligibility, benefits covered, sums assured, options for additional riders, and claim settlement process for the plan.
This document summarizes an ICICI Pru life insurance plan called ICICI Pru Smart Kid Regular Premium that provides guaranteed educational benefits for a child. The plan offers a lump sum payment of the sum assured plus future premium payments if the parent dies. It also provides development allowances annually for the child and covers accident and disability risks. The plan guarantees educational payouts for the child at key milestones like college or provides benefits in the last 5 years of the policy. It requires regular premium payments but provides tax benefits under Indian law.
This document summarizes an ICICI Pru life insurance plan called ICICI Pru Smart Kid Regular Premium that provides guaranteed educational benefits for a child. The plan offers a lump sum payment of the sum assured plus future premium payments if the parent dies. It also provides development allowances annually for the child and covers accident and disability risks. The plan guarantees educational payouts for the child at key milestones like college or provides benefits in the last 5 years of the policy. It requires regular premium payments but provides tax benefits under Indian law.
1) Apollo Munich Health Insurance introduces a new health insurance plan called OptimaRESTORE that provides unique restore and multiplier benefits.
2) The restore benefit automatically reinstates the basic sum insured if it is exhausted during the policy year, allowing coverage of additional illnesses.
3) The multiplier benefit increases the basic sum insured by 50% each claim-free year, up to 100% more coverage at no extra cost.
1. The document provides an overview of Padma Islami Life Insurance Ltd, a Bangladeshi life insurance company that follows Islamic principles. It describes several of the company's insurance products like term insurance, marriage insurance, and Hajj/Umrah insurance.
2. The operations of Padma Islami are then summarized, including activities like rate making, underwriting, sales and marketing, claims settlement, and reinsurance. Underwriting involves assessing risk factors like business type, finances, and safety practices. Claims settlement requires notifying the insurer, investigating, reviewing policies, and providing payment.
3. Personal and diversifiable risks are the main risks covered by many of the company's products. The document provides details
Whole Life Super Brochure - Maxlife Insurancesagar057
This 3 sentence summary provides the high level information about the document:
The document is a product brochure that describes the Max Life Whole Life Super plan, a traditional participating whole life insurance plan that provides lifetime guaranteed life insurance coverage up to age 100. The plan offers flexible premium payment terms and bonus options, and allows policyholders to access funds through partial withdrawals or surrender. The brochure provides details on plan benefits, premiums, bonuses, surrenders and riders available under the Max Life Whole Life Super plan.
Dhan Vriddhi eSales Brochure by life insurance.pdfAPatel28
This document describes LIC's Dhan Vriddhi savings and life insurance plan. It offers death coverage and savings through maturity benefits. On death during the policy term, the sum assured plus guaranteed additions are payable. On survival until maturity, the basic sum assured plus guaranteed additions are paid. The plan offers two options that determine premiums and benefits. Riders for accidental death and term assurance are optionally available.
Padma Islami Life Insurance Ltd offers various Shariah-compliant life insurance products in Bangladesh, including term life insurance, marriage insurance, Hajj/Umrah insurance, and pension plans. It engages in key business operations like rate making, underwriting, sales and marketing, claims settlement, and reinsurance. Underwriting involves assessing risk factors like the type, age, finances, safety practices, and financial condition of potential customers. Claims settlement requires investigating reported losses, reviewing policies, evaluating damage, and making payment decisions. Reinsurance allows insurance companies to transfer some financial risk to other reinsurers.
Padma Islami Life Insurance Ltd offers various Shariah-compliant life insurance products in Bangladesh, including term insurance, marriage insurance, Hajj/Umrah insurance, and pension plans. It aims to provide financial and moral benefits through integrity and personalized service. Key operations include rate making, underwriting risks, sales and marketing through producers, claims settlement processes, and reinsurance to transfer some financial risks.
ULIP - Buy High Return ULIP Policy Online in India | HDFC LifeLisaDavid26
This document summarizes a unit-linked insurance plan from HDFC Life. Key highlights include:
- The plan offers three options - Invest Plus, Premium Waiver, and Golden Years Benefit.
- Premiums can be paid regularly or as a lump sum. Fund value grows based on investment performance.
- Death benefit is highest of sum assured, fund value, or total premiums paid. Premium waiver option waives future premiums on proposer's death.
- Plan has lock-in period of 5 years during which partial withdrawals and policy discontinuance rules apply.
ULIP - Buy High Return ULIP Policy Online in India | HDFC LifeLisaDavid26
Click2Wealth is a high return ULIP plan by HDFC Life which offers premium waiver benefit, tax benefits and whole life coverage with golden years benefit option. Buy Now!
This document provides instructions for applying for an individual insurance broker's license in Massachusetts. It outlines the requirements, which include answering all application questions accurately and completely, including original exam results and course completion certificates. Applicants must also obtain three endorsements from Massachusetts residents and include the $200 application fee. Non-resident brokers have additional requirements regarding powers of attorney and certificates of good standing from their home state.
This document provides a summary of resources available at the Business & IP Centre relating to the insurance industry. It includes directories of insurance companies and service providers, market research reports, trade magazines, and lists of relevant internet sources. The resources cover topics such as different sectors of the insurance market, company profiles, financial performance, and international insurance trends.
This document summarizes a long term health insurance plan that provides hospital cash benefits, major surgical benefits, and a ULIP (unit-linked insurance plan) component for investment. The plan covers the principal insured, spouse, and children. It provides daily cash benefits for hospitalization, lump sum payouts for major surgeries, and allows withdrawals from the investment portion for medical expenses. The plan offers coverage for various medical conditions and surgical procedures.
Questions And Answers On Mediation Question 1 What Is Mediationlegal6
This document provides answers to 17 questions about mediation under the Individuals with Disabilities Education Act (IDEA). It defines mediation as a voluntary process that brings parties together with a neutral third party to confidentially discuss issues and try to reach a binding written agreement. Key differences from due process hearings are noted, such as the voluntary nature of mediation and ability of parties to establish their own ground rules and remedies. The benefits, costs, participants and process of mediation are described.
The document proposes applying conditional random fields (CRFs) for legal document summarization. CRFs are used to segment legal documents into seven labeled rhetorical roles. Feature sets are employed to improve CRF performance. A term distribution model and structured domain knowledge are then used to extract key sentences related to the rhetorical categories. The final summaries generated are around 80% accurate compared to expert-generated summaries.
1. The document discusses distance legal education (DLE), including various synchronous and asynchronous methods, challenges of implementation, and ways to lower barriers.
2. It provides examples of how DLE is being used, such as for guest lectures, semester-long courses, and student interviews via videoconferencing.
3. The Center for Computer-Assisted Legal Instruction (CALI) is working to promote DLE through resources on their website, presentations, and a new service called ClassCaster that allows faculty to record and share audio lessons.
This document discusses different forms of business organization including sole traders, partnerships, limited companies, cooperatives, franchising, multinational companies, and public sector organizations. It provides definitions and outlines advantages and disadvantages of each form. Key factors that influence the choice of legal form are the number of owners, tax implications, ability to take on risk, and privacy requirements.
The document summarizes insurance coverage for Optimist International and its affiliated organizations effective May 1, 2008 to May 1, 2009. It provides:
1) $1 million in general liability insurance through New Hampshire Insurance Company for bodily injury, property damage, and other exposures for Optimist organizations in the U.S. and Canada.
2) $1 million in hired and non-owned automobile liability insurance also through New Hampshire Insurance Company for Optimist activities in the U.S. and Canada.
3) $1 million in general liability and non-owned automobile liability insurance outside the U.S. and Canada through ACE USA.
4) $10 million in umbrella liability insurance in excess
Health insurance fraud costs the industry between $30-100 billion per year, raising premiums for all policyholders. It is defined as intentionally deceiving an insurance company to receive benefits, such as claiming expenses not incurred or hiding pre-existing conditions. Providers also commit fraud by overbilling or billing for services not rendered. Recently, fake insurance companies have also targeted consumers by offering low rates but disappearing without paying serious medical claims. To avoid fines or prison, policyholders and providers should be honest in all dealings with insurers.
U.S. Legal Forms, Inc. (USLF) is a privately held Subchapter-S Corporation that operates the largest online database of legal forms in the United States. Founded in 1999 by attorneys Frank D. Edens and Lem Adams, III, USLF maintains over 36,000 state-specific legal forms online at uslegalforms.com to assist legal professionals and the public. The founders previously owned LawNetCom, Inc., which developed several legal websites and resources for Mississippi before they expanded their concept to serve national legal needs through USLF.
Steven R. Kuhn is an attorney based in San Juan Capistrano, California. He received his J.D. from Southwestern University School of Law in 1973 and a B.A. in Economics from UCLA in 1970. He has over 45 years of experience as a trial attorney focusing on personal injury, professional negligence, business, construction defect, and real estate litigation. He is currently the principal at Kuhn & Belz, a four attorney firm. He has successfully handled over 3,000 cases with jury verdicts up to $1.2 million.
This document summarizes:
1) A power of attorney form appointing representatives to act on behalf of a taxpayer for certain tax matters before various Indiana tax authorities.
2) It provides spaces for taxpayer and representative contact information as well as details of the tax matters, years involved, and specific authorizations granted.
3) The taxpayer must sign and date the form which is also required to be notarized. Representatives must sign a declaration certifying their authority to represent the taxpayer.
1) The document discusses recent court cases that have examined the legal responsibilities for medical care provided on cruise ships.
2) It summarizes a case, Carlisle v. Carnival Corporation, where the court found that a cruise line could be held vicariously liable for medical negligence of a ship's doctor under theories of agency and apparent agency.
3) The case involved a 14-year old girl who was misdiagnosed by the ship's doctor with the flu when she actually had a ruptured appendix, resulting in serious complications.
The Legal Software Suppliers Association (LSSA) promotes high standards for legal software providers in the UK. LSSA members supply software to most law firms in the UK and have rigorous membership criteria to ensure quality and service. The LSSA provides guidance to law firms on choosing software, resolves disputes between firms and members, and ensures members comply with their code of practice. Choosing an LSSA member gives law firms assurance of a trustworthy product and support.
This document summarizes a workshop on legal issues for not-for-profits. It discusses the statutory basis for non-profit corporations, directors' liability, and corporate liability. It compares charitable and non-charitable non-profits and outlines alternatives like incorporation and unincorporated associations. Directors' duties and standard of care are explained. Types of insurance like property, liability, and business loss policies are also summarized.
1. Divorce involves legal issues regarding child custody, child support, alimony, and property division that can have devastating effects if not properly addressed. It is important to consult a personal attorney to assist with these matters.
2. Most divorces are non-contested, where both parties agree to divorce terms through a marital agreement. Mediation helps develop agreements that are acceptable to both parties.
3. Courts determine child custody and visitation based on the best interests of children, considering factors like parental character and children's preferences. Courts also determine child support amounts using state guidelines.
The document provides three samples of legal contracts:
1) A terms and conditions contract for fishing tours operated by B&B Charters that addresses acceptance, definitions, payments, participation, pricing, cancellations, refunds, itinerary changes, liability, and jurisdiction.
2) A tour agreement for Freewheeling Adventures that covers trip changes, behavior, promotions, waiver of liability, equipment rental, jurisdiction, cancellations, and insurance.
3) A sample agreement between a tour operator and hotel that outlines facilities, amenities, services, and operations for reference in producing brochures and customer information.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
1. A Long Term Unit Linked Health Insurance Plan for You and Your Family
Table No. 901
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
FOR FULL DETAILS OF POLICY CONDITIONS & PRIVILEGES, PLEASE REFER TO THE POLICY DOCUMENT OR CONTACT OUR NEAREST BRANCH OFFICE
2. Health is a major concern on everybody’s mind these days. With sky 5. Addition of New Members. It is important for the Principal Insured
rocketing medical expenses, the possibility of any illness leading to (the person taking the policy) to decide which of the existing family
hospitalization or surgery is a constant source of anxiety unless the family members are to be covered and include them at the beginning (proposal
has actively provided for funds to meet such an eventuality. Most families stage) itself. Eligible existing family members cannot be added at a later
rarely provide for healthcare, and even if they do, it is grossly inadequate. stage. New members can however be added under the following three
situations.
Given this scenario, LIC has launched Health Plus plan, a unique long term
health insurance plan that combines health insurance covers for the entire When to The cover
Situation
include? starts from
family (husband, wife and the children) – Hospital Cash Benefit (HCB) and
Major Surgical Benefit (MSB) along with a ULIP component (investment in Marriage/remarriage of the Within one year The following
Principal insured after taking from the date of policy
the form of Units) that is specifically designed to meet domiciliary the policy marriage anniversary
treatment (DTB) related expenses for the insured members.
A Child born or Legally Health Cover starts from the policy
adopted child less than 3 anniversary falling immediately after
months after taking the the child completes 3 months
I. Vital Information policy
Principal Spouse Child Legally adopted child is From the policy anniversary falling
1. Age
Insured Insured Insured more than 3 months old after date of adoption
Minimum Policy Entry Age
18 18 3 months • New members will be eligible for cover only if they satisfy the
- Age Last Birthday
Maximum Age – HCB Cover conditions of minimum premium and benefits.
18 18 3 months
- Age Last Birthday
• New members must be included by the Principal Insured only. No
Minimum Age – MSB Cover
18 18 18 new members will be allowed after the death of the principal
- Age Last Birthday
Maximum Entry Age insured.
55 55 17
- Age Nearer Birthday
6. Increase/Decrease of Premiums. Increase or decrease of premiums
2. Premium Payment
is allowed during the term of the policy. Increase in premium must be in
Yearly, Half-Yearly, &
Mode of Payment multiples of Rs.500. In case of decrease, the minimum premium
Monthly (ECS mode only)
conditions must be satisfied. However, increase/decrease in premiums
xx
Minimum Annual Premium Conditions does not affect the level of health cover and HCB and MSB benefits.
Number of Higher of the two conditions in each
Lives covered category listed below:
6 times the HCB of the Principal Insured OR II. Benefits
Single Life
Rs.5000 p.a.
The arithmetic sum of 6 times the HCB of PI and 1. Hospital Cash Benefit (HCB). A daily benefit is payable in case the
Two Lives 3 times the HCB of the second insured. OR insured is hospitalized due to either accidental body injury or sickness.
Rs.7500 p.a.
The quantum of benefit depends upon the level of the cover opted.
The arithmetic sum of 6 times the HCB of PI and
More than two
3 times the HCB of each of the others insured OR
Lives
Rs.10,000 p.a.
Insured Initial Daily Benefit (IDB)*#
Annualized Premiums are payable in multiples of Rs.500. Minimum Maximum
3. Sum Assured: The Principal Insured must first choose the respective Principal Insured Rs.250 Rs.2500
levels of HCB for each member to be covered under the policy. The sum
Spouse/Child Rs.250 Rs.1500
assured for major surgical benefits will be 200 times the HCB you choose.
Principal Spouse Child The initial HCB must be in multiples of Rs.50.
Major
Surgical Insured Insured Insured
Sum *The Applicable daily Benefit. The IDB is applicable during the first year of
Assured 200 times the HCB applicable to
each insured life under the policy then cover. The daily benefit will increase @5% p.a. simple of the IDB on
each policy anniversary until it hits a cap of 1.5 times the initial benefit.
4. Term of the Policy. The term of the policy is upto the policy
The IDB of the spouse cannot exceed the Principal Insured’s IDB; The IDB
anniversary on which the age nearer birthday of the principal insured is 65
of the children cannot exceed the spouse’s IDB.
years.
#
Age Nearest Principal Spouse Child Initial daily benefit that is payable in respect of stay in non-ICU room or
Birthday Insured Insured Insured
ward. In case the insured is required to stay in the ICU of a hospital, an
Cover ceasing age for enhanced rate of daily benefit is payable, which is twice the eligible daily
65 65 25
HCB & MSB
Premium Ceasing Age 65 Years Nearest Birthday of the PI cash benefit.
3. 2. Major Surgical Benefit (MSB). In the event of the insured List of Surgical Procedures S.A. %
undergoing one of the major surgeries defined in the table furnished CARDIOVASCULAR SYSTEM
Major Surgery of Aorta 100%
herewith, a lump sum benefit (regardless of the actual costs incurred)
CABG (two or more coronary arteries must be bypassed) 100%
equivalent to the percentage of the sum assured mentioned against that via open chest surgery
surgery will be payable on providing proper proof of surgery to the Valve Replacement using mechanical prosthesis via open 100%
chest surgery
satisfaction of the corporation. Pericardiotomy / Pericardectomy done in chronic constrictive 100%
pericarditis
3. Domiciliary Treatment Benefit (DTB). The Principal Insured can Open chest surgery for repair of any of the heart valves 100%
withdraw an amount equivalent to the actual expense he or she has Initial implantation of permanent pacemaker in the heart 60%
Coronary Angioplasty with stent implantation (two or more 40%
incurred in respect of any domiciliary treatment or to meet the medical
coronary arteries must be stented)
expenses incurred over and above the hospital cash/major surgical HAEMIC AND LYMPHATIC SYSTEM
benefits in respect of either oneself or others insured under the policy. Bone Marrow transplant (as recipient) 60%
Splenectomy for hematological conditions 60%
NERVOUS SYSTEM
Minimum domiciliary claimable Rs.2500
Surgery to remove cerebral tumors (benign or malignant) 100%
Maximum amount that can Up to 50% of the policy fund and space occupying lesions requiring “craniotomy”
be claimed/ payable* at the date of payment Repair of Cerebral or, Spinal Arterio- Venous Malformations 100%
and , Cerebral Aneurysms
* Subject to a minimum balance of one annualized premium Other intra-cranial operations requiring craniotomy 100%
Excision of pineal gland 100%
being left in the policy fund after making the payment.
Excision of the pituitary gland 100%
Note: 1. A maximum of two payments will be allowed in a policy year Operations on Surbaracahnoid space of brain 60%
subject to the above conditions – on production of supporting proof of Intracranial ransaction of Cranial nerve 60%
Drainage of Extradural space 40%
treatment and bills for expenses. DTB is available only after at least 3
Drainage of Subdural space 40%
years premiums are paid. 2. DTB is payable for the children covered
RESPIRATORY SYSTEM
until the health cover ceasing age. Lung Transplant or combined Heart-Lung Transplant 100%
Isolated Heart Transplant 100%
4. Death Benefit. No death insurance cover is available under the Pneumonectomy or Pleuro-pneumonectomy – total lung of 100%
plan. The following benefits/changes will take place on happening of the one side
Pleurectomy or Pleural decortication 60%
unfortunate death of the principal insured (PI) and/or other insured
Thoracotoplasty 60%
member: Open Lobectomy of Lung 60%
Excision of benign medistinal, mediastinal lesions (evidence 60%
1. Where only a single life (Principal Insured) is insured under the of thoracotomy needs to be ascertained)
policy: Partial Extirpation of Bronchus 60%
Partial or Total Pharyngectomy 60%
Fund value of units held in the policy fund is payable to the nominee or
legal heir(s) of the principal insured. Total Laryngectomy 60%
DIGESTIVE SYSTEM
2. Where two or more are covered under the policy:
Resection and Anastomosis of any part of digestive tract 60%
Open Surgery for treatment of Peptic Ulcer 60%
Where the death of the PI has occurred within 3 years from the
Total excision of oesophagus 60%
commencement: The policy will terminate and the policy fund value will
be payable to the nominee/legal heir. Total excision of stomach 60%
Where death of the PI has occurred after 3years from the Excision of esophagus and stomach 100%
commencement: The premium payment will cease but the health cover Artificial opening into stomach 40%
for the others insured, if any, will continue until the fund is sufficient to
ENDOCRINE SYSTEM
recover the charges or until the cover ceasing age, which ever is earlier.
Complete excision of adrenal glands 60%
3. On the death of insured members other than the PI: Partial excision of adrenal glands 40%
Premium payment as well as the risk cover will continue for the other Complete excision of Thyroid gland 60%
members insured under the policy. Partial excision of Thyroid gland 40%
Complete excision of Parathyroid gland 60%
4. On death of all the insured members:
Partial excision of Parathyroid gland 40%
Fund value of units held in the policy fund is payable to the nominee or Thymectomy 60%
legal heir(s) of the principal insured.
EYE
5. On death of the PI and the spouse (whether insured or not Any eye surgery requiring corneal or retinal repair due to 40%
under the policy) after 3 years from the commencement. accident
LIVER, GALL BLADDER & PANCREAS
The benefits in respect of the insured children, if any, shall continue and
can be claimed by the eldest major child covered under the policy. If all Partial Resection of Liver 60%
the children covered are minors, the legal guardian can claim the health Partial Pancreatectomy 60%
cover benefits.
4. MUSCULOSKELETAL SYSTEM
5. Termination of HCB and MSB Benefits.
Total Replacement of Hip or knee joint following accident 60%
Amputation of Arm or hand or Foot or Leg due to trauma or 60% a. On attainment of the insured’s maximum cover ceasing age – 65
accident years n.b.d. for PI/spouse insured and 25 years n.b.d. for the children
ORO-MAXILLAFACIAL SURGERY insured
Major reconstructive oro-maxillafacial surgery due to 60% b. On reaching the maximum lifetime benefit limits under HCB (365
trauma or burns and not for cosmetic purpose days) and MSB(3 times the sum assured)
KIDNEY AND URINARY TRACT c. On the date of death of the insured; End of the policy term or on the
Renal transplant (recipient) 100% date of termination of the policy for any reason
Nephrectomy due to medical advice (not as a transplant 60% d. Insured spouse’s cover terminates on the date of divorce/ legal
donor) separation
e. On the date of lapsation: See 6 below
III. Conditions & Restrictions
6. Policy Discontinuance and Revival. The policy will lapse if the
1. Waiting Period. Both HCB and MSB covers are available subject to a premiums are not paid within the days of grace. The PI shall have the
waiting period from the commencement of the risk cover specified option to revive the policy anytime within a period of two years from the
hereunder – in respect of each insured member: due date of first unpaid premium.
Principal Spouse Child If the policy lapses before payment of 3 years premiums, the health
Waiting Period from
Insured Insured Insured cover will stop for all the insured. The policy can be revived anytime
during a period of 2 years from due date of first unpaid premium by
Date of the cover 180 days 180 days 180 days payment of arrears of premiums without interest but subject to proof of
continued insurability.
Date of revival/ 90 days 90 days 90 days
If the policy lapses after payment of at least 3 years premiums, the
reinstatement
policy can be revived within 2 years from due date of first unpaid premium
by payment of arrears of premiums or by availing Premium Holidays.
No waiting period in respect of Accidental Bodily Injury. During the period of discontinuity, the charges for HCB and MSB covers
will continue to be deducted from the policy fund till whichever of the
following happens earlier.
2. Benefit Period Limits – Hospital Cash Benefit
i. the policy fund falls below one annualized premium, or
Maximum Annual Benefit Maximum ii. the lives covered reach the benefit ceasing age, or
Period Lifetime iii. the maximum lifetime benefits are exhausted, or
HCB Conditions
1st
Year nd
2 year & Benefit iv. the policy has reached the end of revival period/end of policy term.
after Period v. the policy is terminated due to death or any other reason.
Principal Insured 18 days 60 days incl.
7. Premium Holidays. If the policy lapses after at least 3 years’
Spouse Insured incl. 9 days 30 days for 365 days premiums have been paid the Principal Insured has the option of either
for ICU ICU
Child Insured* paying all the due premiums in full or avail of premium holiday by just
paying the latest instalment premium without any interest. The premium
*Maximum period of HCB for an insured child until he or she
holidays can be availed only as long the policy fund has a balance of at
completes 5 years age is limited to 90 days.
least one annualized premium at the time of revival.
IMPORTANT NOTE: HCB is available only in respect of
hospitalization in a ward or ICU for continuous period of 24 hours or 8. Surrender. The surrender value, if any, is payable only on completion
part there of, over and above 48 hours, provided such part stay of the third policy anniversary. The policy can be surrendered by the
exceeds 4 hours. Principal Insured. If the application is received within 3 years from the
Date of Commencement (DOC), the monetary value of the fund as on the
date of application is payable after 3 years from commencement date.
3. Conditions for Availing Major Surgery Benefit
Principal Spouse Child
MSB The Monetary Value of the fund is the NAV as on the date of
Insured Insured Insured
application for surrender or the date when the revival period is over
Maximum (in respect of compulsory surrender) as the case may be, multiplied
Annual benefit 100% of the Sum Assured applicable in respect
by the number of units in the policyholder’s fund as on that date.
of each insured member
There will be no surrender charge.
Maximum 3 times the sum assured applicable in respect of
Lifetime each insured member 9. Compulsory Surrender
Benefit
MSB is payable only if the surgery is performed in India a. Where the premiums are paid for less than 3 years. In case the
policy is not renewed and the fund value is not sufficient to cover the
NOTE: Various HCB and MSB benefit limits and restrictions
relevant charges, the policy shall compulsorily be terminated and the
applicable under this policy in respect of each insured shall solely and
balance amount, if any, shall be refunded to the PI immediately.
exclusively apply to that insured only and are not transferable to any
other insured. b. Where the premiums are paid for at least 3 years. The balance in
the policy fund value is at all times, subject to a minimum balance of one
4. Limits on Availing Domiciliary Treatment Benefit annualized premium. In case the fund value falls below this limit, the
policy shall compulsorily be terminated and the balance amount in the
DTB Conditions
policy fund, if any, shall be refunded to the PI immediately.
Minimum domiciliary claimable Rs.2500
10. Benefit payable at the end of the policy term. The balance in
Maximum amount that can be claimed/ 50%* of the policy policy fund, if any, will be payable to the principal insured.
payable during the policy term – for each fund at the date of
payment payment
11. Policy Loans. No policy loan will be available under this policy.
Maximum amount that can be claimed/ 100%# of the
payable during the last policy anniversary by policy fund at the 12. Assignment. No assignment will be allowed under this policy.
the Principal insured. date of payment
*Equal to actual amount spent subject to a minimum balance of one
annualized premium being left in the policy fund after making the
payment.
5. If more than one member is covered under the policy then the total
V. Investment of Funds
charges shall be based on the individual ages of all the members and
the amount of cover for each such member.
The premiums allocated to purchase units will be strictly invested in a
Health Plus Fund (Income and Growth – Low Risk) as follows:
In case of Hospital Cash Benefit, the charges will be applied on the
Initial Daily Benefit as mentioned in the policy Schedule.
A. Government/ Government
Not less than
guaranteed/ Corporate The charges for Hospital Cash Benefit and/or Major Surgical Benefit
50%
securities/ debt
will not be deducted once the benefit terminates.
B. Short term investments: Money
Not more than Specimen charges for Rs.100/- per day for HCB and for Rs.1000/-
Market instruments including A
90% Sum Assured for MSB standard lives are given as under:
above
Age HCB MSB
C. Investment in listed equity Not less than 10%
shares & Not more than Male Female Male Female
50% 5 24.43 24.43 0 0
15 20.71 20.71 0 0
25 31.39 24.34 1.02 1.38
1. Method of Calculation of Unit price: Units will be allotted based
35 33.59 29.96 1.58 1.75
on the Net Asset Value (NAV) on the date of allotment. There is no 45 49.29 53.20 3.54 2.64
Bid-Offer spread. The NAV will be computed on daily basis and will be 55 76.08 72.53 7.28 5.16
based on investment performance and, Fund Management Charge and
whether the fund is expanding or contracting.
c. Other Charges:
a. Applicability of Net Asset Value (NAV): The premiums received
up to 3 p.m. (as per IRDA guidelines) by the servicing branch of the Policy Rs.75 per month during the first policy year
corporation by a local cheque or by a demand draft payable at par at Administration and Rs.25 per month during the subsequent
the place where the premium is received, the closing NAV of the day Charges years
on which premium is received shall be applicable. The premiums Fund Currently levied @ 1.25% per annum of the unit
received after such time by the servicing branch of the corporation by Management fund, at the time of computation of NAV which will
a local cheque or by a demand draft payable at par at the place where Charges be done on daily basis.
the premium is received, the closing NAV of the next business day Bid/ Offer
Nil
shall be applicable. Spread
Surrender
Nil
b. Redeeming of Units: In respect of valid applications received for charges
reimbursement of medical expenses, death claim, etc up to such time Service tax is charged at applicable rates. Currently
by the servicing branch of the Corporation closing NAV of that day Service Tax
the effective service rate is 12.36% which includes
Charge
shall be applicable. For the valid applications received in respect of education cess @ 3%.
Domiciliary Treatment Benefit, death claim etc after 3 p.m. as per
IRDA guidelines by the servicing branch of the Corporation the closing
NAV of the next business day shall be applicable. Right to revise charges
2. Charges under the Plan: The Corporation reserves the right to revise all or any of the above
charges (subject to a maximum limit) except the Premium Allocation
charge. The modification in charges will be done with prospective effect
a. Premium Allocation Charge: This is the percentage of the
with the prior approval of IRDA with a 3 months notice to the
premium appropriated towards charges from the premium received. poliyholders.
The balance known as allocation rate constitutes that part of the
premium which is utilized to purchase (Investment) units for the
policy. The allocation charges are as below:
First year thereafter
30 % 6% SECTION 45 – INDISPUTABILITY CLAUSE
No policy of Life Insurance shall, after the expiry of two years from the
The above allocation charges shall be applicable for all premiums
date on which it was effected, be called in question by an Insurer on the
including any additional premium paid in that particular policy year.
ground that a statement made in the proposal for insurance or any report
of a medical officer or referee or friend of the Insurer or in any other
b. Health Insurance Charge: There will be two separate charges for document leading to the issue of the Policy, was inaccurate or false,
the following benefits: unless the insurer shows such statement Was on material matter or
suppressed facts which it was material to disclose and that it was
fraudulently made by the policy holder and that the policy holder knew at
Hospital Cash Benefit Major Surgical Benefit the time of making it that the statement was false or that it suppressed
facts which it was material to disclose.
These charges will be taken every month in respect of all the members Note: “Material” shall mean and include all important, essential and
covered by canceling appropriate number of units out of the Policy relevant information in the context of underwriting the risk to be covered
Fund. by the corporation.
These charges, during a policy year, will be based on the age nearer
birthday, of the each of the members covered, as at the Policy
anniversary coinciding with or immediately preceding the due date of
cancellation of units and hence may increase every year on each policy
Your Health Is Your Most Important Asset;
anniversary. The charges will also depend on whether the person
covered is male or female and standard or sub-standard as per the
underwriting decision. Take Care of Your Health.
6. l. Convalescence, general debility, nervous or other breakdown, rest
IV. Exclusions cure, congenital diseases or defect or anomaly, , sterilization or
infertility (diagnosis and treatment), any sanatoriums, spa or rest cures
1. Common Exclusions in respect of HCB & MSB Benefits: or long term care or hospitalization undertaken as a preventive or
recuperative measure.
No benefits are available hereunder and no payment will be made by the
Corporation for any claim for Hospital Cash Benefit and Major Surgical 3. Additional Exclusions in respect of Major Surgical Benefit:
Benefit under this Policy on account of Hospitalization directly or indirectly
caused by, based on, arising out of or howsoever attributable to any of the No benefits are available hereunder and no payment will be made by the
following: Corporation for any claim for Major Surgical Benefit under this Policy
directly or indirectly caused by, based on, arising out of or howsoever
a. “Pre-existing condition”- any medical condition or any related attributable to any of the following:
condition (e.g. illnesses, symptoms, treatments, pains and surgery) a. Surgeries not listed in the List of surgical procedures covered under
that have arisen at some point prior to the commencement of this item II.
coverage, irrespective of whether any medical treatment or advice was
b. Surgery triggered by health related causes (and not by Accident) within
sought. Any such condition or related condition about which the PI or
the first 180 days from the commencement date or 90 days from the
insured dependant know, knew or could reasonably have been assumed
date of revival/reinstatement if revived after discontinuance of the
to have known, will be deemed to be pre-existing. The following
cover.
conditions will also be deemed to be “pre-existing”:
c. Any Surgery for which claim has already been made and paid by the
i. Conditions arising between signing the application form and Corporation;
confirmation of acceptance by the Corporation d. Any treatment not performed by a Physician/Surgeon.
ii. Any Sickness, illness, complication or ailment arising out of or e. Any treatment including Surgery that is performed un-conventionally
connected to the pre-existing illness under experimental conditions and purely experimental in nature.
b. Any Sickness that has been classified as an Epidemic by the -Central f. Circumcision, cosmetic or aesthetic treatments of any description,
or State Government. change of life surgery or treatment, treatment (including surgery) for
c. Self afflicted injuries or conditions (attempted suicide), and/or the use obesity, plastic surgery (unless necessary for the treatment of Illness or
or misuse of any drugs or alcohol. accidental Bodily Injury as a direct result of the insured event and
performed with in 6 months of the same).
d. Any sexually transmitted diseases or any condition directly or indirectly
caused to or associated with Human Immuno Deficiency (HIV) Virus or g. Surgery for donation of an organ.
any Syndrome or condition of a similar kind commonly referred to as h. Removal or correction or replacement of any material that was
AIDS. . implanted in a former Surgery before Date of Cover commencement
e. War, invasion, act of foreign enemy, hostilities (whether war be i. Surgery for correction of birth defects or congenital anomalies
declared or not), civil war, rebellion, revolution, insurrection military or j. Any diagnosis or treatment or Surgery arising from or traceable to
usurped power of civil commotion or loot or pillage in connection pregnancy (whether uterine or extra uterine).
herewith.
f. Naval or military operations(including duties of peace time) of the
armed forces or air force and participation in operations requiring the “COOLING OFF” PERIOD
use of arms or which are ordered by military authorities for combating If you are not satisfied with the “Terms and Conditions” of the policy, you
terrorists, rebels and the like. may return the policy to us within 15 days.
g. Any natural peril (including but not limited to avalanche, earthquake,
volcanic eruptions or any kind of natural hazard).
h. Participation in any hazardous activity or sports including but not IMPORTANT
limited to racing, scuba diving, aerial sports, bungee jumping and
mountaineering or in any criminal or illegal activities. If a person is covered under various policies of the corporation under
i. Radioactive contamination. this plan, then the maximum benefit available to such insured life
j. Non-allopathic methods of surgery and treatment shall not exceed the cap on benefits under this plan.
2. Additional Exclusions in respect of Hospital Cash Benefit: PROHIBITION OF REBATES
No benefits are available hereunder and no payment will be made by the SECTION 41 OF INSURANCE ACT 1938
Corporation for any claim for Hospital Cash Benefit under this Policy on
account of Hospitalization directly or indirectly caused by, based on, arising (1) No person shall allow or offer to allow, either directly or
out of or howsoever attributable to any of the following: indirectly, as an inducement to any person to take out or renew or
a. Hospitalization due to illness within the first 180 days from the Date of continue an insurance in respect of any kind of risk relating to lives
Cover commencement or 90 days from the date of or property in India, any rebate of the whole or part of the
revival/reinstatement if revived after discontinuance of the cover. commission payable or any rebate of the premium shown on the
b. Removal of any material that was implanted in a former surgery before policy, nor shall any person taking out or renewing or continuing a
Date of Cover commencement policy accept any rebate, except such rebate as may be allowed in
c. Any diagnosis or treatment arising from or traceable to pregnancy accordance with the published prospectuses or tables of the
(whether uterine or extra uterine), childbirth including caesarean insurer: provided that acceptance by an insurance agent of
section, medical termination of pregnancy and/or any treatment related commission in connection with a policy of life insurance taken out
to pre and post natal care of the mother or the new born. by himself on his own life shall not be deemed to be acceptance of
d. Hospitalization for the sole purpose of physiotherapy or any ailment for a rebate of premium within the meaning of this sub-section if at
which hospitalization is not warranted due to advancement in medical the time of such acceptance the insurance agent satisfies the
technology prescribed conditions establishing that he is a bona fide insurance
agent employed by the insurer.
e. Any treatment not performed by a Physician or any treatment of a
purely experimental nature. (2) Any person making default in complying with the
f. Any routine or prescribed medical check up or examination. provisions of this section shall be punishable with fine which may
g. Medical Expenses relating to any hospitalization primarily for extend to five hundred rupees.
diagnostic, X-ray or laboratory examinations
h. Circumcision, cosmetic or aesthetic treatments of any description,
change of gender surgery, plastic surgery (unless such plastic surgery
is necessary for the treatment of Illness or Accidental Bodily Injury as a
direct result of the insured event and performed with in 6 months of the
Income Tax Benefit Available
same).
i. Hospitalization for donation of an organ.
j. Hospitalization for correction of birth defects or congenital anomalies
k. Dental treatment or surgery of any kind unless necessitated by
Accidental Bodily Injury.
7. BENEFIT ILLUSTRATION
Frequency of Premium Payment: Annual Annual Premium: Rs.12,000
i. This illustration is applicable to a non-smoker
male/female standard (from medical, life style
Number of Lives Covered: Single Male Per Day Hospital Cash Benefit (HCB): Rs.2000
Per Day Hospital Cash Benefit in ICU: Rs.4000
and occupation point of view) life.
Age at Entry: 35 Years Major Surgical Benefit (MSB): Rs.4,00,000 ii. The non-guaranteed benefits (1) and (2) in above
CUMULATIVE FUND VALUE AVAILABLE FOR illustration are calculated so that they are
END OF PREMIUM MAXIMUM DOMICILIARY TREATMENT consistent with the Projected Investment Rate of
POLICY PAID TILL THE GURANTEED BENEFIT
Return assumption of 6% p.a.(Scenario 1) and
YEAR YEAR BENEFIT VARIABLE VARIABLE
10% p.a. (Scenario 2) respectively. In other
HCB MSB SCENARIO 1 SCENARIO 2
words, in preparing this benefit illustration, it is
1 12000 54000 400000 6367 6649
assumed that the Projected Investment Rate of
2 24000 189000 400000 16600 17565
Return that LICI will be able to earn throughout
3 36000 198000 400000 27258 29369 the term of the policy will be 6% p.a. or 10%
4 48000 207000 400000 38350 42125 p.a., as the case may be. The Projected
5 60000 216000 400000 49865 55883 Investment Rate of Return is not guaranteed.
6 72000 225000 400000 61787 70694
7 84000 234000 400000 74043 86555 iii. The main objective of the illustration is that the
8 96000 243000 400000 86739 103650 client is able to appreciate the features of the
9 108000 252000 400000 99882 122068 product and the flow of benefits in different
10 120000 261000 400000 113464 141898
circumstances with some level of quantification.
11 132000 270000 400000 127512 163265 iv. LIC does not authorize its agents/intermediaries,
12 144000 270000 400000 142005 186260 staff and officials to express their opinion on the
13 156000 270000 400000 156965 211024 future performance of the “ULIP” fund, excepting
14 168000 270000 400000 172410 237706 the above illustrative rate of 6% and 10% growth.
15 180000 270000 400000 188338 266447
16 192000 270000 400000 204790 297441
v. Domiciliary Treatment Benefit can be claimed from
the 3rd year onwards after at least 3 years premiums
17 204000 270000 400000 221842 330938
have been paid.
18 216000 270000 400000 239442 367071
19 228000 270000 400000 257613 406066
20 240000 270000 400000 276346 448131
1. For variable amounts in the
21 252000 270000 400000 295678 493544
above benefit illustration, it is assumed
22 264000 270000 400000 315609 542565
that premiums have been paid as and
23 276000 270000 400000 336179 595518
when due and no domiciliary treatment
24 288000 270000 400000 357406 652729 benefit has been availed earlier.
25 300000 270000 400000 379294 714541
2. Maximum HCB shown above is
26 312000 270000 400000 401870 781343
inclusive of 9 days stay in ICU in the
27 324000 270000 400000 425063 853464
first year and 30 days in subsequent
28 336000 270000 400000 448692 931148
years.
29 348000 270000 400000 472562 1014654
30 360000 270000 400000 496383 1104180
STATUTORY WARNING: “Some benefits are guaranteed and some benefits are variable with returns based on the future
performance of your life insurance company. If your policy offers guaranteed returns then these will be clearly marked “guaranteed”
in the illustration table on this page. If your policy offers variable returns then the illustrations on this page will show two different
rates of assumed investment returns. These assumed rates of return are not guaranteed and they are not upper or lower limits of
what you might get back as the value of your policy is dependant on a number of factors including future investment performance.”
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RISKS BORNE BY THE POLICYHOLDER
i) LIC’s Health Plus is a Unit Linked Health Insurance product which is different from the traditional insurance products and is
subject to risk factors.
ii) The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the
NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the
insured is responsible for his/her decisions.
iii) Life Insurance Corporation of India is only the name of the Insurance Company and LIC’s Health Plus is only the name of the
unit linked health insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
iv) Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document
of the insurer.
v) The fund offered under this contract is the name of the fund and do not in any way indicate the quality of these plans, their
future prospects and returns.
vi) All benefits under the policy are also subject to the Tax Laws and other financial enactments as they exist from time to time.