| National Insurance Company has sent their revised rates for Flexible Option coverage of Sum Insured. There is also an option to choose Self + Spouse or Self alone (in the case of single-person coverage). The group policy for a period of 12 months which commences from 1st November 2020 and ends on 31st October has a flexible coverage scheme. Retirees can also opt for the base insurance coverage of Rs.1,2,3 or 4 lacs and Super Top-up coverage of Rs.2,3,4, and 5 lacs. The details are as under. |
| BASE POLICY WITHOUT DOMICILIARY – PREMIUM | ||
| Sum insured | Self + Spouse | Self |
| Rs. 4 lacs | 32,264 | 19,358 |
| Rs. 3 lacs | 24,199 | 14,520 |
| Rs. 2 lacs | 16,133 | 9,680 |
| Rs. 1 lac | 10,890 | 6,534 |
| BASE POLICY WITH DOMICILIARY – PREMIUM INCLUDING GST | ||
| Rs. 4 lacs | 80,067 | 48,040 |
| Rs. 3 lacs | 60,054 | 36,032 |
| Rs. 2 lacs | 40,036 | 24,021 |
| Rs. 1 lac | 27,024 | 16,215 |
| SUPER TOP UP POLICY – PREMIUM INCLUDING GST | ||
| Rs. 5 lacs | 6,554 | 3,932 |
| Rs. 4 lacs | 5,243 | 3,146 |
| Rs. 3 lacs | 4,194 | 2,517 |
| Rs. 2 lacs | 3,408 | 2,045 |
| Rs. 1 lac | 2,097 | 1,258 |
Source : AIBEA circular dated 03.10.2020
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