Non-Medical General

Sum Under Consideration (SUC)*

Age (NBD)
Standard Age proof All NSAPs
18 to 35 8 lakhs 5 lakhs
36 to 45 5 lakhs 3 lakhs
46 to 50 3 lakhs 2 lakhs
814, 815, 816, 817, 818, 820, 821, 814, 815, 816, 817, 818, 820, 821, 830,
Plans Allowed
830, 833, 835, 836 & 838 833, 835 & 836
*SUC = 1.25 times of S.A under plans 815,820, 821, 830 & 838

NMS/NMG (Professionals & Other Self Employed)/NRIs & FNIO’s

Sum Under Consideration (SUC)*
a) Non-Medical Special a) NMG for Professionals with Min Income
Age (NBD) b) NRIs & FNIOs under of 2.50 lakhs.
NMS/Professional from b) Other Self Employed Males and Literate
Group V Countries only. Females with IT Returns above 10 Lakhs
18 to 35 30 lakhs 25 lakhs
36 to 45 20 lakhs 15 lakhs
46 to 50 10 lakhs 8 lakhs
Plans Allowed 814, 815, 816, 817, 818, 820, 821, 830, 833, 835, 836, 838, Term Rider & PWB
*SUC = 1.25 times of S.A under plans 815,820, 821, 830 & 838

Non-Medical for Minors and Major Students

Age (NBD) SUC* Plans Allowed
0 to 9 25 lakhs 814, 817, 832, 834, 835 &836
10 to 17 8 lakhs 814, 816, 817, 820, 821, 832, 834, 835, 836 & 838
18 to 25 20 lakhs 814, 815, 816, 817, 818, 820, 821, 830, 833, 835, 836 & 838
*SUC = 1.25 times of S.A under plans 815, 820, 821, 830, 834 & 838

Standalone Non-Medical under Plan 827

Age (NBD) Standard Age Proof All NSAPs
8 to 55 2 lakhs 2 lakhs

Standalone Non-Medical under Plan 841

Age (NBD) Standard Age Proof All NSAPs
14 to 35 5 lakhs 5 lakhs
36 to 45 5 lakhs 3 lakhs

Prerana Update of Safal Institute

 If a proposal cannot be considered under any of non-medical scheme
Following special reports will have to be called for apart from FMR:
Sum Age at Entry (Last Birthday)
Under
Consideration Upto 35 years 36 to 45 years 46 to 55 years 56 & above

Upto 2,00,000 Nil Nil Nil Rest ECG, FBS

2,00,001 to Rest ECG, FBS,

Nil Nil Rest ECG ,FBS
5,00,000 Lipidogram, RUA, Hb%
5,00,001 to Rest ECG, FBS, Rest ECG, FBS,
Nil Nil
10,00,000 Lipidogram, RUA, Hb% Lipidogram, RUA, Hb%
Lipidogarm, FBS, Rest ECG,
10,00,001 to Rest ECG,
Nil RUA, Elisa for HIV, Haemogram,
15,00,000 SBT-13, RUA, Hb%
Hb% SBT-13, CTMT, RUA,
Rest ECG, Rest ECG,
15,00,001 to Lipidogarm, FBS, Rest ECG,
Haemogram, Haemogram,
35,00,000 Elisa for HIV, Hb% SBT-13, RUA, Hb%
SBT-13, RUA, CTMT SBT-13, RUA, CTMT, HbAlc
Rest ECG, Rest ECG,
Rest ECG, Rest ECG,
35,00,001 to Haemogram, Haemogram,
SBT-13, RUA, Haemogram,
50,00,000 SBT-13, RUA, CTMT, SBT-13, RUA, CTMT,
Hb% SBT-13, RUA, CTMT
HbAlc HbAlc, Chest X-Ray
Rest ECG, Rest ECG, Rest ECG,
Rest ECG,
50,00,001 and Haemogram, Haemogram, Haemogram,
Haemogram,
Above SBT-13, RUA, CTMT, SBT-13, RUA, CTMT, SBT-13, RUA, CTMT,
SBT-13, RUA
HbAlc HbAlc, Chest X-Ray HbAlc, Chest X-Ray

1. Income Multiples:
Max TRSA as Multiple of Average Income of 3 Years
Age Group
Less than 10 lakhs 10 lakhs & Above
Upto 35 Years 25 times 30 times
36 to 45 Years 20 times 25 times
46 to 50 Years 12 times 20 times
51 to 55 Years 12 times 15 times
56 Years & Above 10 times 10 times
10 Times more allowed for Proposals of No Additional multiples are allowed for
Minor Lives & Major Students Proposals of Minor Lives & Major Students
2. Discretionary powers to officers-in-charge:
The officers–in-charge at BO/DO/ZO are empowered to grant additional sum proposed in excess of allowable
multiples on the basis of Proposer’s education, overall profile, socio-economic and financial status.
3. PFQ/CA certificate Limits:
TRSA ( Existing + Proposed) Income Proof
Up to 25 lakhs, Other than Term Plan/ TR As Declared in Proposal Form
Up to 25 lakhs, with Term Plan/ TR and
PFQ/ CA Certificate
TRSA above 25 lakhs up to 50 Lakhs without Term Plan/TR
3 Years ITRs with Computation of Income, P/L A/c and
Balance Sheet/ Form-16/ Form-16A/ Form-26AS.
TRSA above 25 lakhs, with Term Plan/ TR and
Computation of Income, P/L A/c and Balance Sheet not
TRSA above 50 Lakhs without Term Plan/TR
required if income in ITR is adequate to get TRSA as per
age multiple
Prerana Update of Safal Institute
A. Females with own Income:
Category Plans & TRSA Income Proof Other Conditions
For Investment/Rental Income
1. Eligible under Supporting evidence such as Age Proofs: Standard Only.
NMS OR Filing latest rental agreement/ bank Education: SSC for NMS.
ITRs: statement/ proof of investment
For Self Employed/ Income
All Plans Allowed incl. PWB. etc is required along with ITRs.
Employed/ through Investment, Special MHR
Self Employed/ Financial Underwriting as If supporting evidences are not by BM is required on point of
having income active participation in Business
applicable to adult male lives. available, maximum TRSA
and time spent on Business
through should be restricted to 200 Activities.
Investment lakhs on the basis of average
and/or income shown in the ITRs. In Funding from Husband’s Income
Property) allowed for Insurance above her
such cases family should be
own eligibility.
insurance minded.
All Plans Allowed incl. PWB. Age Proofs: Standard Only.
PFQ/ CA certificate/ salary
Max TRSA: sheet/ rental agreement/ Education: SSC for Term Plan.
50 Lakhs Incl. Term Plan. investment income proof/
For Term Plan, Special MHR by
Max SA Under Term Plan: pension papers/ proof of lump
2. Having own BM in letter format (In addition to
25 Lakhs. sum income etc and/ or copy of
income that female lives Annexure-I)
bank passbook (showing
can be Max TRSA for Lump Sum regarding social and financial
received through Death regular similar credit at least
status of the life proposed is
ascertained for 3 months).
Claim/Compensation etc: Required.
100 Lakhs under Single
Special MHR (as per female
Premium Plans & No Limit on Funding from Husband’s Income
lives Annexure-I) by DO and
Immediate/ Deferred Annuity allowed for insurance above 50
ABM(s)/BM is required.
Plans under Single Premium. lakhs.
Only Savings Plans Allowed. Age Proofs: All Allowed.
Special MHR (as per female
3. Having own Term Plan/ Term rider/ PWB lives Annexure-I) by DO and Max Age at Entry:
not Allowed. ABM(s)/BM is required clearly For Regular Premium Plans:
income that 60 years.
Max. TRSA: stating source of income, type
cannot be For Single Premium Plans:
15 Lakhs for Education of occupation, family
ascertained As allowed under the plan.
Qualification HSC & above. particulars, need of insurance
10 Lakhs for Education etc. Proof of Education Qualification is
Qualification below HSC. must for HSC & above.

B. Housewives without own income:

Category Plans & TRSA Other Conditions Common Conditions
All Plans Allowed incl. PWB. Age Proofs: Standard Only. Income of Husband should
be sufficient to support
Proof of Education
Max TRSA: Insurance on his own life
100 Lakhs Including Term Plan, subject to Qualification is must. and lives of spouse and
1. Graduates
equivalent husband’s insurance. Must possess Passport/ children.
and Above
Max SA Under Term Plan: Credit Card/ Driving License/ MHR by BM Club Agent/DO
50 Lakhs or 50% of Husband’s term Mediclaim Policy/ Aadhar and by ABM(s)/BM is
insurance whichever is less. card/ Pan Card. required for SA above 5
lakhs.
Term Plan/ Term Rider/ PWB not allowed.
If Husband is uninsurable
2. Below Max TRSA: due to medical reasons,
Age Proofs: All Allowed.
Graduation 60 lakhs subject to equivalent husband’s Max 50 lakhs TRSA allowed
insurance. under Savings Plan only.
Prerana Update of Safal Institute
Minor Lives (Both Male and Female)
TRSA PWB Other Conditions
PWB can be
 Recent Photograph of child is
allowed to all
Max TRSA Allowed: must.
women who are
 200 lakhs subject to equivalent Parents Insurance and  The physical/mental development
earning and are
adequacy of income. of the child should be in
eligible for Term
 Without Matching Parents Insurance: Plans. TRSA on her accordance with his/her age.
With PWB : 25 Lakhs. life including PWB  Child must be attending
Without PWB : 10 Lakhs. should not exceed school/college regularly (meant
Max TRSA allowed for normal children).
 Only Standard Lives Allowed. to her.
 Recent school/college progress
Following Proposals may be referred to higher office with report is required.
Special recommendation/MHR from MM/CM/ SDM: PWB to legal
guardian can be  As far as possible siblings should
 TRSA above 200 Lakhs.
allowed on merits have equal/equivalent insurance.
 Without Parents adequate matching insurance.
of the case, if both  Socio-ecomonic status of the
 Substandard lives
the parents are family should be satisfactory.
not alive.

Major Students up to Age 30 (Both Male and Female):

TRSA
Max TRSA Allowed:
 200 lakhs subject to equivalent Parents Insurance
and adequacy of income.
 Without Matching Parents Insurance: 25 Lakhs.
Following Proposals may be referred to higher office
with Special recommendation/MHR from MM/ CM/
SDM:
 TRSA above 200 Lakhs.
 Without Parents adequate matching insurance.
 Major Children who are well qualified but who
have not started earning.
Other Conditions
 Recent Photograph is must.
 The physical/mental development of the child should be in
accordance with his/her age.
 Declaration from Student and parents that he/she is
regularly attending college/technical institution.
 Copy of College progress report/Passing Certificate of just
Completed academic year is must.
 As far as possible siblings should have equal/equivalent
insurance.
 Socio-ecomonic status of the family should be satisfactory.

 TRSA taken by Parents from LIC as well as from any private insurance companies can be considered
as matching insurance. Keyman/Partnership Insurance will not be considered.
 A separate eligibility limit up to 10 times of Proposer’s average annual income for granting
insurance to dependent Minor Lives and Major Students up to age 30 years is allowed, subject to
maximum TRSA limit of Rs.200 Lakhs.

Insurance Cover against Educational Loans:

1. Applicable to all major students between 18 to 30 years.
2. Should be pursuing professional studies or higher education in any faculty, where loan has been raised for this
purpose from bank or any reputed financial institution.
3. Matching Insurance on the lives of parents or equal insurance of siblings not required.
4. Has secured admission in University/Institute (In India or abroad) for Part/Full time course.
5. All Plans including Term Plans are allowed.
6. Insurance is intended as a collateral security against the loan being raised.
7. Amount of insurance has a relation with the amount of loan as prescribed by the lender.
8. Certified copies of loan paper and copies of evidences as to higher studies/ education are submitted.
9. Special MHR by an official ABM(S) or above regarding Social and financial status of the family is required.

Prerana Update of Safal Institute

 Revised limits applicable for completion of MHR for All Non-medical and
Medical proposals are as given below:
MHR Limits for Agents, Development Officers, SBAs, CLIAs,
Limits Upto (Rs.)
Retired Employees and Branch Officials
i. Authorised agents working under Development Officer or as
Direct Agents or Career Agents satisfying the minimum
business performance for each of the previous three financial
years as under:-
A. Net No. of Lives : 15
Net Sum Assured : Rs. 6 lacs 5 lakhs

ii. Member of Branch Manager’s Club

and Distinguished Agent’s Club 20 lakhs
i. Divisional Manager’s club/ Specified Person of Corporate
Agent/Bank 40 lakhs
B. ii. Zonal Manager’s Club 60 lakhs
iii. Chairman’s Club/ MDRT/ Club Galaxy/COT/TOT 100 lakhs
iv. Corporate Club 150 Lakhs
C. Development Officers 150 Lakhs
D. SBAs 300 Lakhs
E. Retired Employees 75 Lakhs
CLIAs : DM Club 75 Lakhs
: ZM Club 100 Lakhs
F.
: CM Club /MDRT/Club Galaxy/COT/TOT 125 Lakhs
: Corporate Club Member 150 Lakhs
Assistant Branch Manager (Sales),
G. Branch Manager (Sales), 400 Lakhs
Assistant Branch Manager-in-charge of Branch
Branch Managers/ Senior Branch Managers or
H. 500 Lakhs
Managers-in-charge of Branch
I. Manager (Sales) Up to 1000 Lakhs
J. Marketing Manager/ Chief Manager/ SDM 1000 Lakhs & above

Notes:
 However for SUC above 50 lakhs, MHR is required in form no 3251 (Annexure A & B) for all cases.
 No MHR will be required upto TRSA of Rs.2 lakhs.
 MHR by Class I officer is supplement to MHR given by Agent/Development officer.
 ZUS/CUS can call for Special MHRs from other official, depending on the merits of the case.
 MHR limit for watch listed agents will be one step below the limit mentioned above and their
authority to write MHR will continue as long as they continue to be a Club Member of respective
club.

Prerana Update of Safal Institute