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    New Premium Rates Applicable From 1st August 2022 Onwards

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    Company Office
    This document outlines the new premium rates for a group term life insurance policy provided by ICAI to its members, effective August 1st, 2022. The premium rates are listed by age group for both members and their spouses, and include an additional applicable GST tax. Annual premium amounts range from Rs. 630 to Rs. 6600 for members insured for Rs. 10 lacs, and Rs. 315 to Rs. 33000 for spouses insured for Rs. 5 lacs.

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    New Premium Rates Applicable From 1st August 2022 Onwards

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    Company Office
    4 views2 pages
    This document outlines the new premium rates for a group term life insurance policy provided by ICAI to its members, effective August 1st, 2022. The premium rates are listed by age group for both members and their spouses, and include an additional applicable GST tax. Annual premium amounts range from Rs. 630 to Rs. 6600 for members insured for Rs. 10 lacs, and Rs. 315 to Rs. 33000 for spouses insured for Rs. 5 lacs.

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    This document outlines the new premium rates for a group term life insurance policy provided by ICAI to its members, effective August 1st, 2022. The premium rates are listed by age group for both members and their spouses, and include an additional applicable GST tax. Annual premium amounts range from Rs. 630 to Rs. 6600 for members insured for Rs. 10 lacs, and Rs. 315 to Rs. 33000 for spouses insured for Rs. 5 lacs.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    4 views2 pages

    New Premium Rates Applicable From 1st August 2022 Onwards

    Uploaded by

    Company Office
    This document outlines the new premium rates for a group term life insurance policy provided by ICAI to its members, effective August 1st, 2022. The premium rates are listed by age group for both members and their spouses, and include an additional applicable GST tax. Annual premium amounts range from Rs. 630 to Rs. 6600 for members insured for Rs. 10 lacs, and Rs. 315 to Rs. 33000 for spouses insured for Rs. 5 lacs.

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    © All Rights Reserved
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    of 2

    This is in reference to the Group Term Insurance Policy of Members of ICAI.

    All the terms and conditions will be


    same. With effect from 01/08/2022, new premium rates will be as under:

    Age [Completed
    Total Amount Rs.
    Years]

    18-30 Rs.630/- plus GST as applicable

    31-35 Rs.750/- plus GST as applicable

    36-40 Rs.1000/- plus GST as applicable

    Annual premium to be paid in case


    41-45 Rs.1320/- plus GST as applicable
    of Members for the sum assured of
    Rs. 10 lacs
    46-50 Rs.2100/- plus GST as applicable

    51-55 Rs.3840/- plus GST as applicable

    56-60 Rs.5640/- plus GST as applicable

    61-64 Rs.6600/- plus GST as applicable

    18-30 Rs.315/- plus GST as applicable

    31-35 Rs.380/- plus GST as applicable

    36-40 Rs.500/- plus GST as applicable


    Annual premium to be paid in case
    of spouse for the sum assured of Rs.
    5 lacs
    41-45 Rs.660/- plus GST as applicable

    46-50 Rs.1050/- plus GST as applicable

    51-55 Rs.1920/- plus GST as applicable


    56-60 Rs.2820/- plus GST as applicable

    60-64 Rs.3300/- plus GST as applicable

    Regards

    Team CMP, ICAI

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