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  • Entity Type Main Applicant Co-Applicant: PVT LTD Company PVT LTD Company Shareholder

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    sumeet jadhav
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    The document provides information on entity types that can take insurance, who the main and co-applicants can be for different entity types, and how the sum insured is divided for different cases. For private limited companies and partnerships, the co-applicant must be a shareholder or partner, and their sum insured is tied to their ownership percentage. Sole proprietors can take the full sum insured. For HUFs, the sum insured is divided equally among all co-applicant members. For individuals, the co-applicant can be a spouse or child.

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    Reliance Calci.xlsx

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    The document provides information on entity types that can take insurance, who the main and co-applicants can be for different entity types, and how the sum insured is divided for different cases. For private limited companies and partnerships, the co-applicant must be a shareholder or partner, and their sum insured is tied to their ownership percentage. Sole proprietors can take the full sum insured. For HUFs, the sum insured is divided equally among all co-applicant members. For individuals, the co-applicant can be a spouse or child.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    10 views8 pages

    Entity Type Main Applicant Co-Applicant: PVT LTD Company PVT LTD Company Shareholder

    Uploaded by

    sumeet jadhav
    The document provides information on entity types that can take insurance, who the main and co-applicants can be for different entity types, and how the sum insured is divided for different cases. For private limited companies and partnerships, the co-applicant must be a shareholder or partner, and their sum insured is tied to their ownership percentage. Sole proprietors can take the full sum insured. For HUFs, the sum insured is divided equally among all co-applicant members. For individuals, the co-applicant can be a spouse or child.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 8

    Entity Type Main Applicant Co-Applicant

    Pvt Ltd Company Pvt Ltd Company Shareholder

    Partnership Partnership Partner

    Sole Proprietor ABC Proprietors None

    HUF Karta Other members of HUF

    Individual Mr A Mrs A/ Son B


    Sum Insured
    Co-applicant who is also a
    shareholder can take a policy
    with SI = his %age of
    shareholding x Loan Amount
    Co-applicant who is also a
    Partner can take a policy with SI
    = his %age of partnership x
    Loan Amount
    Sole Proprietor can take 100%
    of SI
    The SI shall be divided equally
    amongst all the co-applicants
    who should also be members of
    HUF
    The SI shall be divided equally
    amongst all the co-applicants
    Refund Grid - ABHFL
    5 Years Prem 944000

    Y1 Y2 Y3 Y4
    188800 188800 188800 188800

    Cancellation Year Y1
    Refund for Y2 160480
    Cancellation Year Y2
    Refund for Y3 160480
    Cancellation Year Y3
    Refund for Y4 160480
    Cancellation Year Y4
    Refund for Y5 160480
    Cancellation Year Y5
    Refund for Y5 NIL
    Refund Requested in
    Yr 1 TOTAL REFUND AMOUNT for Y2, Y3, Y4 & Y5
    Yr 2 TOTAL REFUND AMOUNT for Y3, Y4 & Y5
    Yr 3 TOTAL REFUND AMOUNT for Y4 & Y5
    Yr 4 TOTAL REFUND AMOUNT for Y5

    By: VB
    Pl mention the Gross premium
    amount (including Service Tax)
    Y5
    188800

    0480

    0480

    0480

    0480

    IL

    641,920.00
    481,440.00
    320,960.00
    160,480.00
    Partner ABHFL

    Product Home Loan Protect Cover - 5 Yrs (Group)

    Name Of Customer* Kshitij Dharne


    Date Of Birth* 5/Aug/76
    Age 42.96
    Duration* 5 Years
    Type of Property* Residential Property
    Type of Income* Section A to F
    Sum Insured* 4,000,000
    Rate 5.61%
    Net Premium 224,506.00
    GST 18%
    GST Amount 40,411.08
    Gross Premium 264,917.08

    * Mandatory Fields
    By: VB
    ABHFL

    rotect Cover - 5 Yrs (Group)


    1 Years
    Name Section A to D 2 Years
    To be entered in DDMMYY Format Section A to F 3 Years
    Automatic Calculation 4 Years
    From Drop Down 5 Years
    From Drop Down ResidentialSection A to F
    Automatic Calculation CommercialSection A to D
    Manual entry
    Automatic Calculation
    Automatic Calculation
    Manual entry
    Automatic Calculation
    Automatic Calculation
    Partner ABHFL

    Product GPA Plan B

    Name Of Customer* TEST


    Date Of Birth* 8/Jan/52
    Age 67.54
    Duration* 5 Years
    Type of Property* Residential Property
    Sum Insured* 20,000,000
    Rate 0.40%
    Net Premium 400,000.00
    GST 18%
    GST Amount 72,000.00
    Gross Premium 472,000.00

    * Mandatory Fields
    By: VB
    18601 23-Jul-19
    ###
    #N/A###
    23-Jul-19 18-Aug-68 #N/A
    #N/A
    ###
    ABHFL

    GPA Plan B From Drop Down

    Name Section A to D
    To be entered in DDMMYY Format Section A to F
    Automatic Calculation
    From Drop Down 5
    From Drop Down RSection A to F
    Manual entry
    Automatic Calculation ### 0.40%
    Automatic Calculation
    Manual entry
    Automatic Calculation
    Automatic Calculation

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