The socio-economic conditions of rural and less-developed areas differ considerably from those in main towns and developed areas and therefore needs of insurance also differ. Keeping these factors in view a special plan of insurance has been designed for the inhabitants of the rural and less-developed areas. The salient features of the plan are: -

1. Age at entry and term:

The plan will be available to persons aged 20 years to 55 years.

Only terms 15 and 20 years will be available.

2. Maturity Benefits:

On maturity of the policy

Full Sum Assured plus Bonuses

.

3. Death Benefits:

I- On death from any cause

Full Sum Assured plus Bonuses.

II- On death due to an accident

Three times Sum Assured plus Bonuses.

III- On death due to an accident caused while using any mechanical agricultural equipments e.g. Tractors, Thrasher, Water Pump etc.

Five times Sum Assured plus Bonuses

4. Extended Reinstatement Period:

Premiums falling due during any period of Crop failure due to any natural calamity (Floods, rain, wind, hail drought, locust, pests etc.) will be accepted within six months of the due date and policy reinstated without evidence of health and payment of late fees.

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