Status Check, Procedures, Facilities

Name of the Organization : Kerala State Insurance Department
Type of Facility : Apply for Kerala State Life Insurance Scheme

Home Page :http://www.insurance.kerala.gov.in/index.php?option=com_content&view=article&id=56&Itemid=63
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Apply for Kerala State Life Insurance Scheme :

Eligibility to become a policy holder under State Life Insurance Scheme :
** All State Government employees holding permanent or officiating appointments under the Government of Kerala and who are below the age of 50 years on the date of 1st remittance of premium.

Related : State Insurance Department Apply for Group Insurance Scheme Kerala : www.statusin.in/564.html

** The age of the proposer shall be taken to be the age at his last birthday or next birthday which ever is nearer to the date on which the 1st premium is paid, if equidistant, it shall be taken to be his age at his last birthday.
** Document proof in support of age of the proposer will be the certificate to that effect furnished in the proposal form by the head of office/institution.

Premium :
** Insured shall have to pay a minimum monthly premium fixed by Government from time to time. The existing rates effective from 1.4.2012 are the following. Vide G.O (P) No. 104/2012/Fin dated 09/02/2012
** Pay range Rate of monthly premium(Rs.)
** Basic pay up to Rs. 9189/- 150
** Basic pay from Rs. 9190 to Rs. 18739 230
** Basic pay from Rs. 18740 to Rs. 29179 380
** Basic pay Rs.29180/- and above 450

Payment from Insurance Fund :
** The sum assured under the policy plus eligible bonus declared by Government from time to time shall be payable to the insured on his completing 55 years of age or at his death whichever is earlier.
** When an insured ceases to be in the Service of Government of Kerala before completing the age of 55 years he may elect within 12 months from the date he cease to be in service
** Continue to pay the premium due on his policy till it becomes mature or
** To take up paid up policy for a reduced sum assured bearing the same proportion to the original sum assured as the total premia paid under the policy bears to the total premia payable if the original policy is continued in force until the insured attains the age of 55.

Procedure for applying for Insurance :
** An employee proposing to insure his/her life under these rules shall submit proposal in Form No.1 written in his/her own hand wherever possible and shall sign it in the presence of the head of office. The latter will in turn sign the certificate to the effect that he has read and explained the form to the proposer whose signature was affixed in his presence and that the entries made therein are correct and send it along with the original chalan receipt towards the

Payment of claims :
** Subject always to the production of the policy and the establishment of the claimants’ title, the sum assured by a policy (including bonus, if any) less the amount (if any) due to the fund on account of arrears of premia, loan etc., will be paid to the insured.
** In the case of endowment policies maturing for payment on attaining fifty-five years of age, to the insured.
** In all other cases, to the surviving nominee or nominees of the insured on the insured’s death and if there is no