Female Insurance

Categories Maximum Insurance Plans Allowed Requirements/Condition Category 1 Married, Single Or Widow 1)Women With Earned Income Age Group by virtue of employment in institutions eligible for insurance cover under non-medical (special)scheme and employed with government,quasi govt ,reputed commercial institutions even if NMS not introduced upto 30yrs Age group 22times of average income All plans Women employed commercialInstitions:are considered as female cat.i subject to submission of addendum duly signed by the proposer and fulfillment of following conditions: 31to40yrs Age group 17times of average income (a) Min. qualification-SSC or equivalent exam. passed. 41to50yrs Age group 12times of average income (b) Std. age proof . 51yrs&above 10times of average income © Evidence of employment in the prescribed addendum. 1. total rated up S.A(TRSA) upto Rs .15lacs (no income proof is required). 2. TRSA between Rs .15 &25lacs (d) Min. service with present employer –one year. (from no. 16/16Aor CA ‘S certificate or PFQ) TRSAmore than Rs.25lacs(from no. 16/16Aor copies of ITR for last 3 yrs (e) Firm/company/financial institution established more than 3 years ago. Note : the rules regarding financial under writing will be as applicable to male adult lives

2)Women Employed In Commercial Institutions Age Group upto 30yrs Age group 22times of average income All plans Women employed commercialInstitions:are considered as female cat.i subject to submission of addendum duly signed by the proposer and fulfillment of following conditions: 31to40yrs Age group 17times of average income (a) Min.qualification-SSC or equivalent exam.passed. 41to50yrs Age group 12times of average income (b) Std.age proof . 51yrs&above 10times of average income © Evidence of employment in the prescribed addendum. 3. total rated up S.A(TRSA)upto Rs .15lacs (no income proof is required). 4. TRSAbetween Rs .15 &25lacs (d) Min. service with present employer –one year. (from no. 16/16Aor CA ‘S certificate or PFQ) TRSAmore than Rs.25lacs (from no. 16/16Aor copies of ITR for last 3 yrs (e) Firm/company/financial institution established more than 3 years ago. Note : the rules regarding financial under writing will be as applicable to male adult lives

3)Professionals Such As Doctors, Age Group lawyers,C.A’S.physiotherapists, architects,engineer,etc and any insurance agent or carrying on any agency provided she satis fies conditions (a)&(b)shown in the last column. upto 30yrs Age group 22times of average income All plans Women employed commercialInstitions:are considered as female cat.i subject to submission of addendum duly signed by the proposer and fulfillment of following conditions: 31to40yrs Age group 17times of average income (a) Min.qualification-SSC or equivalent exam.passed. 41to50yrs Age group 12times of average income (b) Std.age proof . 51yrs&above 10times of average income © Evidence of employment in the prescribed addendum. 3. 5. total rated up S.A(TRSA)upto Rs .15lacs (no income proof is required). 4. 6. TRSAbetween Rs .15 &25lacs (d) Min. service with present employer –one year. (from no. 16/16Aor CA ‘S certificate or PFQ) TRSAmore than Rs.25lacs (from no. 16/16Aor copies of ITR for last 3 yrs (e) Firm/company/financial institution established more than 3 years ago. Note : the rules regarding financial under writing will be as applicable to male adult lives

4)Other Self–Empolyed Women Age Group filling income –tax returns such as tailoring ,embroiding ,beauticians (beauty parlour),caterers ,baby sitting ,typist ,data keying jobs ,giving tuitions ,self-employeb with ownership of shops, business premises,etc. upto 30yrs Age group 22times of average income All plans (a) Min .qualification-HSC 12th pass with professional qualification where applicable. 31to40yrs Age group 17times of average income (b) Std./Non std age proof 1(NSAP-1) 41to50yrs Age group 12times of average income © Should be filling income tax returns since last 2 years. 51yrs&above 10times of average income (d) Proof of income to be taken fromcopies of ITR for last 3years(2years if started filling income tax returns since last 2 years) 7. total rated up S.A(TRSA)upto Rs .15lacs (no income proof is required). 8. 8. TRSAbetween Rs .15 &25lacs (from no. 16/16Aor CA ‘S certificate or PFQ) TRSAmore than Rs.25lacs (from no. 16/16Aor copies of ITR for last 3 yrs

Categories Maximum Insurance Plans Allowed Requirements/Condition Category 11 Women With Unearned Income /having sizeable personal properties and /or investments yielding &income &filling income tax returns.Note if the women falling under female category 11 are technically qualified &are taking active part in day to day running of their partnership/proprietory business, they can considered as category-1,if recommended by MM/SDM with evidence .such proposals will be underwritten at CUS. upto 30yrs Age group 22times of average income All plans 1. Other members of the family are adequately insured. 2. The female life to be assured has good educational &social background. 3. MHR by competent authority should clearly indicate the source of income &social status of the life proposed. 31to40yrs Age group 17times of average income Proof of income:will be copy of ITRs for last 3years(2yrs if they have started filling returns for past 2 yrs .a certificate from ca can be accepted only if PAN has been allotted &the same is mentioned in the certificate 41to50yrs Age group 12times of average income The income shown should exclude income of other family member s income from capital gains &one time income such as those arising from sale of properties/ornaments etc. 51yrs&above 10times of average income SUBJECT TO A MAX .TOTAL RISK COVERAGE OF Rs.1crore (from no. 16/16Aor CA ‘S certificate or PFQ) TRSAmore than Rs.25lacs(from no. 16/16Aor copies of ITR for last 3 yrs

Categories Maximum Insurance Plans Allowed Requirements/Condition Category 111 a.Married Women–Without Income Max S.A.Rs15 lakhs but not exceeding husband’s insurance in force for full S.A(if in excess of Rs 15lacs upto max of 40 lacs can be considered on merit at Div/Zonal office level if proof or credit card or driving licence or having mediclaim cover) All plans except 43,52,58,88, 133,164 term rider &critical lllness rider 1. max .age at entry restricted to 60yrs. 2. max. S.A of 2 lacs is allowed under table 89&Rs.5lacs under table Nos 106,107&108.In both the above cases,Rs.15lacs if proof of graduation&possessing passport /credit card /driving lincence or having mediclam cover 3. total insurance to married women whether from husband ‘s income or their own income will not exceed Rs lakhs (40 lakhs if producing proof of being a graduate &possessing either passport or credit card or driving lincence or having mediclim cover)

b.Married Women–With Own Income Self empoled married women not filing income tax returnsb.employed ,not fulfilling eligibility conditions for category 1 women .c.unearned income but not filing income tax returns Max insurance cover equal to 7 times of average annual income subject to an upper ceiling of:-Rs 1 lakh if illetrate or educted upto 8th std,& Rs 5lakhs if educated upto 9th std. Or above. Note :the above cover is subject to MHR by Dev. Officer or a clubmember agent of dm &above (for direct agent MHR by abm(s)/bm). All plans except 43,52,58,88, 133,164 term rider &critical lllness rider 1. Max .age at entry restricted to 60yrs. 2. Max. S.A of 2 lacs is allowed under table 89&Rs.5lacs under table Nos 106,107&108.In both the above cases,Rs.15lacs if proof of graduation&possessing passport /credit card /driving lincence or having mediclam cover 3. Total insurance to married women whether from husband ‘s income or their own income will not exceed Rs lakhs (40 lakhs if producing proof of being a graduate &possessing either passport or credit card or driving lincence or having mediclim cover)

2.Single Women Between Age 25&50years No insurance cover allowed a.Without Income With Own Income .self employed but not filing income tax returns. employed but not fulfilling eligibility condition for cat .i1 women unearned income but not filing income tax returns. Max .insurance cover equal to 7 times of average annual income subject to: Rs 1 lakh if illetrate or educted upto 8th std,&- Rs 5lakhs if educated upto 9th std. or above. All plans except 43,52,58,88, 133,164 term rider &critical lllness rider

a.Widows-Without Any Oncome No insurance cover allowed b)Widows Who Have Received Compensation From Employers or claim under insurance policies on the life of their deceased husbands get lumpsum from some other source Max .insurance cover of 10 lakhsTable 147/148 without life cover &170 allowed with out limit Note :there will be no restricition regearding minor children ,age atentry &educational qualification for allowing cover.

c)Widows-Getting Family Pension Max .insurance cover of 2 lakhssubject to providing proof of receiving pension.Table 147/148 without life cover &170 allowed with out limit All plans except 43,52,58,88, 133,164 term rider &critical lllness ride 1. Special MHR by Dev officer or club member aget of DM& above (for other direct agent MHR by ABM(S)/BM. 2. AGE AT ENTRY IS LESS THAN 50 YEARS EITH STD. AGE PROOF. 3. L.A.has minor chid/children. 4. the life to be assured is litrate & educated atleast upto 9th std.

Widows Having Their Own Income 2. Self employed but not filling income tax returns 3. Employed but not fulfilling eligibility conditions for cat .1 women. 4. Unearned income but not filing income tax returns. Max .insurance cover equal to 7 times of average annual income subject to: Rs 1 lakh (at branch office level)A futher cover of Rs1 lakh at divisional office level on the merit of the case & adequency of income. All plans except 43,52,58,88, 133,164 term rider &critical lllness ride 1. Special MHR by Dev officer or club member aget of DM& above (for other direct agent MHR by ABM(S)/BM. 2. AGE AT ENTRY IS LESS THAN 50 YEARS EITH STD. AGE PROOF. 3. L.A.has minor chid/children 4. The life to be assured is litrate & educated atleast upto 9th std. Female students/ children below 25 years :will not be included under female category 111.the insurance on their lives will be accepted at par with male students/children ,insurance cover to them will be allowed provided the proposing parents have their own income and are sufficiently covered ,it should also be ensured that equivalent cover has been taken on the lives of children(especially male children) Clause 4(b)is to be imposed on married women (housewives )falling under female category 111 aged 18yrs and above but less than and upto 30yrs (nbd)on the bate of proposal .guideline for cesarian section and hysterectomy will be as given in the DMR guidelines.