B

18-30

2,00,000/-

1,40,000/-

2,00,000/-

Rs 562.02

D

18-30

4,00,000/-

2,80,000/-

4,00,000/-

Rs 1,124.04

F

31-45

1,00,000/-

1,00,000/-

1,00,000/-

Rs 440.80

H

31-45

3,00,000/-

3,00,000/-

3,00,000/-

Rs 1,322.40

J

31-45

5,00,000/-

5,00,000/-

5,00,000/-

Rs 2,204

L

46-59

2,00,000/-

2,00,000/-

75,000/-

Rs 2,316.96

N

46-59

4,00,000/-

4,00,000/-

1,55,000/-

Rs 4,706.09

1. Coverage ceases on the day the member turns 60
   
   

2. Age eligibility is for last birthday as on July 1, 2005
   
   

3. Overseas members not allowed
   
   

4. No member additions during the policy year
   
   

5. All new members to submit the Health Declaration Form
   
   

6. Coverage amount is fixed as per the above chart
   
   

7. Members are allowed to choose only one category
   
   

8. The premium rates are inclusive of service tax at the rate of 10%

2. Age Limit

• 21 years to 59 years

3. Contract validity

• 1 year and renewable on a one year basis thereafter

4. Premium Validity

• One year with renewal facility at the revised rate

5. Medical Examination

• No medical examination is required. Signing of a good health self declaration form is sufficient BSLI reserves the right to reject coverage on the basis of any adverse remark in the health declaration form

6. Age calculated as per last birthday keeping in mind Coverage commences on July 1, 2005

7. Overseas members are not allowed under this scheme

8. Life Cover

• An annually renewable term cover for the members of the Scheme which will include death due to any reason excluding Suicide within one year of the member joining the Group.

9. Accident Death & Dismemberment (AD&D) Rider

• This is in addition to the life cover. This cover will, in case a member dies or is dismembered through an accident, provide additional cover to the extent of the life cover. That is to say, for example, if there is a Rs. 1 lakh life cover plus Rs. 1 lakh AD&D cover, the nominee of the unfortunate member will, in case of death or dismemberment by accident, will get Rs. 2 lakh (Rs. 1 lakh Life plus Rs. 1 lakh AD&D)

10. Critical Illness Plus (CI Plus) Rider

• This rider is to cover 13 critical ailments, like, Heart Attack, Cancer etc. This is to provide support to the member should he/she contract any of the 13 illnesses. This cover can be claimed if the member survives 30 days after contracting the illness. The entire amount of the rider coverage is payable as claim and this is not a reimbursement of expenses incurred.

11. Claim entitlement

• In the event of death of any policyholder during the period of coverage, the survivors of the member are entitled to claim the coverage amount, for which the policy has been taken.

12. Coverage expiry Date

• The date on which

• the Coverage Expiry Date of the Member (on the member completing 60 years), or
  
  
• the date on which the Grace Period has expired in respect of due premiums for this Coverage remaining unpaid, or
  
  
• the date of death of the Member, or
  
  
• the date the Policy is terminated in accordance with its terms.
  
  
• the date the member ceases to be a member of the Institute of Chartered Accountants of India.

13. Effective Date

• The date on which the Policy comes into force i.e. July 1, 2005.

An appeal has been made through Circulars sent to the members of the Institute requesting them to become the life members of S. Vaidyanath Aiyar Memorial Fund by submitting prescribed application form and paying the life membership fee of Rs.500/-. Members are requested to remit the life-membership fee by mode of Cheque/Demand draft payable in favour of S. Vaidyanath Aiyar Memorial Fund at New Delhi and send to the following address:-