Professional Documents
Culture Documents
2. SBI Life branches and its sales teams are not authorised to collect cash from its customers.
OSF Code
2. MEMBER DETAILS
PAN* AMWPP0960A
*Please provide PAN number or submit Form 60 if the annualized premium under this proposal exceeds Rs 50000/-
Occupation Salaried
Telephone No(Home)
3. NOMINEE DETAILS
70.ver.11-01-20 MF 1
Authenticated via OTP shared for Membership form Number. 7012413735 on 23-07-2021 12:10:11 PM
Form Number 7012413735
In case of more than one nominee, please provide details in the requisite annexure.
Appointee Name
Date of Birth
5. MEDICAL QUESTIONNAIRE:- In case where insurance is proposed on Minor Life, the answers should relate medical status of Minor Life to be Assured
Important: Please read this section fully and give correct details.
i. Have you consulted any doctor for surgical operations or have been hospitalised for any disorder other than minor No
cough,cold or flu during the last 5 years?
ii. Have you ever had any illness/injury, major surgical operation or received any treatment for any medical condition No
for a continuous period of more than 14 days? (Except for minor cough, cold, flu, appendicitis & typhoid)
iii. Have you ever suffered from / been treated / hospitalized for or diagnosed to have -
(a) Diabetes, raised blood sugar or No (b) Chest pain, heart attack, heart No
high blood pressure disease or any other disorder of the
circulatory system.
(g) Any digestive disorder (ulcer, colitis etc), any disease of the gall bladder, spleen, any blood disorder, disorder of any No
other gland (e.g. Thyroid etc) or any musculoskeletal disorder
(iv) Have you suffered from any other disease not mentioned above? No
(v) Are you at present taking any medication, or on any special diet or on any treatment? No
(vi) Has a proposal for Life Insurance, ever been declined, postponed, withdrawn or accepted at extra premium? No
(vii) Have you had or have been advised to undergo any of the following tests or investigations? No
viii. a) Do you consume more than 10 cigarettes / bidis per day or chew more than 5 pouches of tobacco per day? No
b) Do you consume more than 2 pegs of alcohol per day in any form? No
If Yes Please Provide the type of alcohol and daily quantity consumed.
c) Do you use or have you used any narcotics / any other drugs? No
b) Have you suffered from any gynaecological problems or illness related to breasts, uterus or ovary?
{If answer to any of the question (i) to (ix) are Yes please give full particular below with details and also attach necessary documents such as medical
history, diagnosis, when it happened, treatment taken, names of medications, tests done, results of tests. }
70.ver.11-01-20 MF 2
Authenticated via OTP shared for Membership form Number. 7012413735 on 23-07-2021 12:10:11 PM
Form Number 7012413735
respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium
shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in
accordance with the published prospectus or tables of the insurer.
(2)Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to ten lakh rupees.
Extract of Section 45 of the Insurance Act 1938, as amended from time to time
No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years from the date of the policy. A policy of life
insurance may be called into question at anytime within three years from the date of policy, on the ground of fraud or on the ground that any statement of
or suppression of a fact material to the expectancy of the life of the insured was incorrectly made in the proposal or other document on the basis of which
the policy was issued or revived or rider issued. The insurer shall have to communicate in writing to the insured or legal representatives or nominees or
assignees of the insured, the grounds and materials on which such decision is based.
No insurer shall repudiate a life insurance policy on the ground of fraud if the insured can prove that the mis-statement or suppression of material fact was
true to the best of his knowledge and belief or that there was no deliberate intention to suppress the fact or that such mis-statement or suppression are
within the knowledge of the insurer. In case of fraud, the onus of disproving lies upon the beneficiaries, in case the policyholder is not alive.
In case of repudiation of the policy on the ground of misstatement or suppression of a material fact and not on the grounds of fraud, the premiums
collected on the policy till the date of repudiation shall be paid.
Nothing in this section shall prevent the insurer from calling for proof of age at any time if he is entitled to do so, and no policy shall be deemed to be
called in question merely because the terms of the policy are adjusted on subsequent proof that the age of the life insured was incorrectly stated in the
proposal.
For complete details of the section and the definition of 'date of policy', please refer Section 45 of the Insurance Act 1938, as amended from time to time.
I hereby agree that this form including this declaration shall for the basis for the issuance of the proposed insurance plan; all information has been
provided with full understanding and knowledge and the information is complete and true to the best of my knowledge.
Name of Member or Proposer(in case Member is a Minor) Mr. PRABHAKARREDDY PESARA
6. LOAN DETAILS
Loan Term(Months): 120 Loan Interest Rate(%) 8.49 Loan Category/ Type Home Loan
Have you availed Loan insurance cover from SBI Life in the last two No
years
*In loans where the entire loan amount is not disbursed, the loan sanctioned amount will be covered
Note: Initial Sum Assured cannot exceed 120% of the outstanding loan amount or a limit prescribed by the scheme rules. Where the co-borrower is covered for their respective share, the Total Initial
Sum Assured for all Co-borrowers cannot exceed the above limit
Premium Payment Option Additional Loan from Bank/Lending Institution (Please fill section
9C(1))
(i)Primium Payment Modes available under this plan are-Single, Yearly, Half-Yearly and Monthly. (ii)Premium Payment Terms available under this plan are - 5 years and 10 years.(iii) Options
available under this plan are- Gold Option and Platinum Option
All products features under this plan have been chosen by the Master Policy holder in his capacity as the group administrator. Only features chosen by the Master Policy holder are avialable to you,
based on eligibility. You can choose from the option/features made available to you by the Master Policy holder. Please refer the Sales Brouchure for complete details of product features.
**The rate on which the Sum Assured schedule is based. This is as per the understanding between MPH & member.
70.ver.11-01-20 MF 3
Authenticated via OTP shared for Membership form Number. 7012413735 on 23-07-2021 12:10:11 PM
Form Number 7012413735
I ANILKUMAR KOLATI hereby certify that the loan amount and details mentioned in section 6 & 7 are correct and loan amount has been
sanctioned according to the extant Credit Appraisal Norms and Procedures being followed by us,
I declare that the information given above is true and correct, I shall not hold SBI Life responsible for non-credit of payout, if any , due to any reason including but not limited to incorrect/incomplete
information. I hereby authorise SBI Life to directly credit payout/refund, if any. to the above mentioned account.
###Valid Resident Indian Account. *Please submit cancelled cheque with pre-printed account holder name along with the membership form
I authorise my account to be debited for renewal premium(for State Bank Group) favouring SBI Life on due date.
1. I would like to become a member of SBI Life - RiNn Raksha Group Insurance Plan for borrowers of Master Policyholder. I hereby declare and certify
that all the terms and conditions of the Life Insurance Cover have been thoroughly explained to me and I have fully understood the same.
2. I have understood the terms and conditions of the Plan and agree to abide the same and join the Plan for Life Insurance Cover for the duration of the
loan as per the prevailing EMI schedule.
3. I undertake to furnish any other personal details that the Proposer/ Master Policyholder/ SBI Life may require with regard to my Life Insurance Cover
under the Group Life Insurance Plan and authorise the Proposer/Master Policyholder to communicate any change in regards to my Life Insurance Cover.
4. I understand that the grant of the loan will be assessed independently of Life Insurance Cover.
5. I hereby understand and agree that no Life Insurance Cover will commence until the risk is accepted and requisite premium has been remitted to SBI
Life by the Master Policyholder and SBI Life conveys its written acceptance of this application for Life Insurance Cover. I further understand and agree
that Life Insurance Cover provided to me shall be governed by the Master Policy Contract issued in favour of the Master Policyholder. Notwithstanding
the provision of any law, usage, custom or convention for the time being in force prohibiting any doctor, hospital and/or employer from divulging any
knowledge or information, shall at anytime be at liberty to divulge any such knowledge or information to the Company.
• I hereby agree that this form including the details of loan and cover and options chosen by me as above are correct and complete shall form the basis of
my admission into the Group Insurance Plan. I also understand that once the cover is accepted any alteration in these information shall not be feasible or
permissible.
• I hereby authorise SBI Life to pay directly to the Master Policyholder such portion of claim proceeds payable equal to the Outstanding Loan Balance
amount owed by me to the Master Policyholder on the date of occurence of the insured event. The balance claim amount, if any, shall be payable to my
nominee/ beneficiary (as applicable).
• Note: (1) The claim should be found admissible by SBI Life. (2) In case there is no outstanding loan balance owed to the Master Policyholder, this
authorisation shall be deemed to be lapsed, ineffective, unenforceable and invalid from the date of settlement of my outstanding dues to the Master
Policyholder.
70.ver.11-01-20 MF 4
Authenticated via OTP shared for Membership form Number. 7012413735 on 23-07-2021 12:10:11 PM
Form Number 7012413735
Date 23/07/2021
11. ADDITIONAL DECLARATION WHEN THE MEMBERSHIP FORM IS FILLED BY PERSON OTHER THAN THE MEMBER/MEMBER SIGNS IN A
VERNACULAR LANGUAGE/MEMBER IS ILLITERATE
• I hereby declare that I have read out and explained the contents of Membership Form and all other documents incidental to availing the Group Insurance
Plan from SBI Life to the Member and that he/she said that he/she had understood the same. I hereby declare that I have fully explained to the Member
that the statements contained in this form shall be the basis for the Life Insurance Cover and that if any untrue statement is contained herein, no benefit
shall be payable by the SBI Life. I hereby declare that I have explained the contents of this form to the Member in ENGLISH Language, that I have
truly and correctly recorded the details and statements given by the Member and that the Member has affixed his/her signature/thumb impression on the
Membership Form in my presence, after fully understanding the contents thereof.
Name of Person Making Declaration (Bank Staff PF no- 6498426)
Name of Bank Staff- ANILKUMAR KOLATI
Authenticated by Id & Password
Name of Member or Proposer(in case Member is a Minor) Mr. PRABHAKARREDDY PESARA
Date 23/07/2021
Address KHAMMAM
70.ver.11-01-20 MF 5
Authenticated via OTP shared for Membership form Number. 7012413735 on 23-07-2021 12:10:11 PM