Icai New Insurance Schemes
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ICAI-LIC Group CCBMP-Term Insurance Scheme Committee for Capacity Building of Members in Practice (CCBMP), ICAI facilitating ICAI-LIC Group Insurance Scheme for Chartered Accountant Members and their spouse.
Members are invited to join the Scheme (optional for spouse) The scheme is effective w.e.f. 11.02.2019 and it its open for all members & students of ICAI.
The salient features of the scheme: v Competitive rate of premium for Insurance. v Annual premium payment for getting the Life Insurance coverage. v Rate of premium is varying to the mentioned age group. v Members aged between 21 years to 64 years are eligible to join the Scheme. v Spouse aged between 18 years to 64 years may join the scheme. Particulars S. No. 1. Age at entry 2. Validity period of Life Cover 3. Type of Cover 4. 5.
Sum Assured Mode of Premium
6.
Annual premium to be paid in case of Members for the sum assured of Rs. 10 lacs for a term of 3 years.
7.
Annual premium to be paid in case of spouse for the sum assured of Rs. 5 lacs for a term of 3 years.
v However, applicant should be healthy and disease free while joining the scheme. No Health or Medical Underwriting is required at joining of the scheme. v Life Insurance Coverage of Rs. 10 Lacs for member of ICAI. v Life Insurance Coverage of Rs. 5 Lacs for spouse. v Settlement of claims through ICAI. v Scheme is renewable on option after 1 year on completion of due period.
Terms 18-64 years (on last birthday) One year 24 hours Comprehensive Global risk cover for the period of insurance from date of commencement which also includes death due to accident. Rs. 10 Lacs Premium payable for one year Age [Completed Years] 18-30 31-35 36-40 41-45 46-50 51-55 56-60 61-64 18-30 31-35 36-40 41-45 46-50 51-55 56-60 61-64
Total Amount Rs. Rs.520/- plus GST as applicable Rs.630/- plus GST as applicable Rs.830/- plus GST as applicable Rs.1,100/- plus GST as applicable Rs.1750/- plus GST as applicable Rs.3,200/- plus GST as applicable Rs.4,700/- plus GST as applicable Rs.5,500/- plus GST as applicable Rs.260/- plus GST as applicable Rs.315/- plus GST as applicable Rs.415/- plus GST as applicable Rs.550/- plus GST as applicable Rs.875/- plus GST as applicable Rs.1600/- plus GST as applicable Rs.2350/- plus GST as applicable Rs.2750/- plus GST as applicable
For Students Annual Premium of Rs.55/- plus GST as applicable for Sum Assured Rs. 1,00,000/- . For higher amount multiple of Rs.1,00,000/- will be considered. Special conditions: 1. Scheme is administered by P & GS, Delhi Division of LIC. 2. The period of 1 year of coverage starts from the date of insurance coverage given to member. 3. Entry to the Scheme is valid duly on confirmation by LIC/ICAI. 4. The decision of LIC will be final in all cases of Insurance Coverage and ICAI will not bear any responsibility for the same. 5. Any clarification with regards to the scheme may be had from LIC; Branch Manager LIC of India P&GS Department, Delhi Divisional Office-I, 6th Floor, Jeevan Prakash” 25 K.G. Marg, New Delhi-110001. 134
THE CHARTERED ACCOUNTANT
FEBRUARY 2019
For any other queries, please contact: Secretary, Committee for Capacity Building of Members in Practice, First Floor, Administrative Building, The Institute of Chartered Accounts of India, ICAI BHAWAN, A-29, Sector-62, Noida-201309 Ph.: 0120-3045994 E-mail: [email protected] Note: This is Group Term Insurance Scheme facilitated by Committee for Capacity Building of Members in Practice (CCBMP) ICAI jointly with LIC and recommendatory only. No Individual Policy is issued to the applicant. Coverage of Insurance Scheme is solely subjected to acceptance by LIC. CCBMP of ICAI is just a facilitator. The processing of Insurance Policy may take substantial time, hence applicants is advise to wait at least a month for its confirmation. Acknowledgments to the receipt of premium is issued after realisation of premium amount.
JOIN IN THE GROUP PROTECTION SCHEME-INSURE FOR LIFE
www.icai.org
Personal Accident Insurance For Members & Students of ICAI An arrangement made by the Committee for Capacity Building of members in practice, ICAI The Institute of Chartered Accountants of India through the Committee for Capacity Building of Members in Practice (CCBMP), ICAI recently entered into an MoU with the New India Assurance Company Ltd. for Personal accident insurance. The Personal accident insurance is a customized product for the Members & Students of ICAI. The personal accident insurance is basically designed for the members and students of ICAI. The Personal accident insurance for which the MOU is being executed having following value added features: Coverage from 5 lacs to 30 lacs to suit member’s convenience. · Competitive premium for the Members of ICAI · Coverage in the event of bodily injuries or death of insured individual resulting from an · accident · Global policy that offers 24/7 cover · Variety of coverage ranging from cover of death only to comprehensive cover of permanent total disability, permanent partial disability and death. · Under medical expenses, reimbursement up to 40% claim amount or 10% sum insured whichever is less if opted by the member. Members & Students may purchase the Personal accident insurance policy through the website http://icai.newindia.co.in. This policy would be available to the members & students of ICAI from 10th February, 2019.
House Holder Insurance For Members of ICAI An arrangement made by the Committee for Capacity Building of members in practice, ICAI The Institute of Chartered Accountants of India through the Committee for Capacity Building of Members in Practice (CCBMP), ICAI recently entered into an MoU with the New India Assurance Company Ltd. for the arrangement of House Holder Insurance. The House Holder insurance is a customized product for the Members of ICAI & basically designed for the members of ICAI. The House holder’s insurance for which the MOU is being executed having following value added features: This is a package policy specially designed to meet the insurance requirements of home and · personal belongings under an umbrella of House Holder Insurance for the Members of ICAI Competitive premium for the Members of ICAI · Option to take covers not less than 4 to suit the need of the day. · Takes care of personal liability segment of the Members of ICAI · Members & Students may purchase the House Holder Insurance policy through the website http://icai.newindia.co.in. This policy would be available to the members & students of ICAI from 10th February, 2019. www.icai.org
THE CHARTERED ACCOUNTANT
FEBRUARY 2019
135
Members are invited to join the Scheme (optional for spouse) The scheme is effective w.e.f. 11.02.2019 and it its open for all members & students of ICAI.
The salient features of the scheme: v Competitive rate of premium for Insurance. v Annual premium payment for getting the Life Insurance coverage. v Rate of premium is varying to the mentioned age group. v Members aged between 21 years to 64 years are eligible to join the Scheme. v Spouse aged between 18 years to 64 years may join the scheme. Particulars S. No. 1. Age at entry 2. Validity period of Life Cover 3. Type of Cover 4. 5.
Sum Assured Mode of Premium
6.
Annual premium to be paid in case of Members for the sum assured of Rs. 10 lacs for a term of 3 years.
7.
Annual premium to be paid in case of spouse for the sum assured of Rs. 5 lacs for a term of 3 years.
v However, applicant should be healthy and disease free while joining the scheme. No Health or Medical Underwriting is required at joining of the scheme. v Life Insurance Coverage of Rs. 10 Lacs for member of ICAI. v Life Insurance Coverage of Rs. 5 Lacs for spouse. v Settlement of claims through ICAI. v Scheme is renewable on option after 1 year on completion of due period.
Terms 18-64 years (on last birthday) One year 24 hours Comprehensive Global risk cover for the period of insurance from date of commencement which also includes death due to accident. Rs. 10 Lacs Premium payable for one year Age [Completed Years] 18-30 31-35 36-40 41-45 46-50 51-55 56-60 61-64 18-30 31-35 36-40 41-45 46-50 51-55 56-60 61-64
Total Amount Rs. Rs.520/- plus GST as applicable Rs.630/- plus GST as applicable Rs.830/- plus GST as applicable Rs.1,100/- plus GST as applicable Rs.1750/- plus GST as applicable Rs.3,200/- plus GST as applicable Rs.4,700/- plus GST as applicable Rs.5,500/- plus GST as applicable Rs.260/- plus GST as applicable Rs.315/- plus GST as applicable Rs.415/- plus GST as applicable Rs.550/- plus GST as applicable Rs.875/- plus GST as applicable Rs.1600/- plus GST as applicable Rs.2350/- plus GST as applicable Rs.2750/- plus GST as applicable
For Students Annual Premium of Rs.55/- plus GST as applicable for Sum Assured Rs. 1,00,000/- . For higher amount multiple of Rs.1,00,000/- will be considered. Special conditions: 1. Scheme is administered by P & GS, Delhi Division of LIC. 2. The period of 1 year of coverage starts from the date of insurance coverage given to member. 3. Entry to the Scheme is valid duly on confirmation by LIC/ICAI. 4. The decision of LIC will be final in all cases of Insurance Coverage and ICAI will not bear any responsibility for the same. 5. Any clarification with regards to the scheme may be had from LIC; Branch Manager LIC of India P&GS Department, Delhi Divisional Office-I, 6th Floor, Jeevan Prakash” 25 K.G. Marg, New Delhi-110001. 134
THE CHARTERED ACCOUNTANT
FEBRUARY 2019
For any other queries, please contact: Secretary, Committee for Capacity Building of Members in Practice, First Floor, Administrative Building, The Institute of Chartered Accounts of India, ICAI BHAWAN, A-29, Sector-62, Noida-201309 Ph.: 0120-3045994 E-mail: [email protected] Note: This is Group Term Insurance Scheme facilitated by Committee for Capacity Building of Members in Practice (CCBMP) ICAI jointly with LIC and recommendatory only. No Individual Policy is issued to the applicant. Coverage of Insurance Scheme is solely subjected to acceptance by LIC. CCBMP of ICAI is just a facilitator. The processing of Insurance Policy may take substantial time, hence applicants is advise to wait at least a month for its confirmation. Acknowledgments to the receipt of premium is issued after realisation of premium amount.
JOIN IN THE GROUP PROTECTION SCHEME-INSURE FOR LIFE
www.icai.org
Personal Accident Insurance For Members & Students of ICAI An arrangement made by the Committee for Capacity Building of members in practice, ICAI The Institute of Chartered Accountants of India through the Committee for Capacity Building of Members in Practice (CCBMP), ICAI recently entered into an MoU with the New India Assurance Company Ltd. for Personal accident insurance. The Personal accident insurance is a customized product for the Members & Students of ICAI. The personal accident insurance is basically designed for the members and students of ICAI. The Personal accident insurance for which the MOU is being executed having following value added features: Coverage from 5 lacs to 30 lacs to suit member’s convenience. · Competitive premium for the Members of ICAI · Coverage in the event of bodily injuries or death of insured individual resulting from an · accident · Global policy that offers 24/7 cover · Variety of coverage ranging from cover of death only to comprehensive cover of permanent total disability, permanent partial disability and death. · Under medical expenses, reimbursement up to 40% claim amount or 10% sum insured whichever is less if opted by the member. Members & Students may purchase the Personal accident insurance policy through the website http://icai.newindia.co.in. This policy would be available to the members & students of ICAI from 10th February, 2019.
House Holder Insurance For Members of ICAI An arrangement made by the Committee for Capacity Building of members in practice, ICAI The Institute of Chartered Accountants of India through the Committee for Capacity Building of Members in Practice (CCBMP), ICAI recently entered into an MoU with the New India Assurance Company Ltd. for the arrangement of House Holder Insurance. The House Holder insurance is a customized product for the Members of ICAI & basically designed for the members of ICAI. The House holder’s insurance for which the MOU is being executed having following value added features: This is a package policy specially designed to meet the insurance requirements of home and · personal belongings under an umbrella of House Holder Insurance for the Members of ICAI Competitive premium for the Members of ICAI · Option to take covers not less than 4 to suit the need of the day. · Takes care of personal liability segment of the Members of ICAI · Members & Students may purchase the House Holder Insurance policy through the website http://icai.newindia.co.in. This policy would be available to the members & students of ICAI from 10th February, 2019. www.icai.org
THE CHARTERED ACCOUNTANT
FEBRUARY 2019
135
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