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Home / Policy Services / Paid up Assurance

Paid up Assurance

Non-Forfeiture Regulations :

• Policies issued prior to 1.4.1973 acquire paid-up value after 2 years ‘premiums have been pad subject to the condition that in the case of a policy for a sum assured of Rs.1,000/- or over, the paid-up value inclusive of vested bonuses, if any, works out to not less than Rs.100/- and in the case of a policy for lower amount, if it works out to not less than Rs.50/-
  
  
• Policies issued prior to 1.1.1976, but after 1.4.1973 acquire paid-up value after payment of 3 years ‘premiums subject to the condition that the paid-up value inclusive of vested bonus if any will not be less than Rs.100/- for policies of sum assured Rs.1,000/- or over and not less than Rs.50/- for policies of sum assured less than Rs.1,000/-
  
  
• Policies issued on or after 1.1.1976 acquire paid-up value after payment of 3 years premiums provided the paid-up value exclusive of the bonus is not less than Rs.250/- for policies of sum assured Rs.1,000/- or over and not less than Rs.100 for policies of sum assured below Rs.1,000/-  

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