This plan provide various discount options like less premium amount depending on premium payment frequency, in case
female life insured and off course for higher sum assured value.
Not exact matches
The 7 yr forward mortality experienced from Sep 30th 2006 (my estimate: 38 mortalities) works out around at 30 % of the initial
lives insured (which I make 123 after adjusting for later policy - sales and 1 policy addition), whereas the CDC 2008 (white male /
female) data predicts 59 % for the 7 yr forward mortality rate at the average age which was 84 in Sept 2006.
a sweeping assumption that the different
life expectancies of male and
female insured persons, the difference in their propensity to take risks when driving and the difference in their inclination to utilise medical services — which merely come to light statistically — are essentially due to their sex.
The Group Variable Universal
Life insurance plan also offers some different age - based premium bands, which are further broken down by whether the
insured is a male or a
female.
The plan allows lower premium rates if the Sum Assured is more than Rs. 75 lakhs, if the
life insured is a
female and if the policy is bought online.
iii) Women Critical Illness: Under this rider, if the
life insured (
female) has been diagnosed with any critical illness that is covered under this rider, then a certain percentage of the base sum assured will be paid.