ICAI-LIC Group

CCBMP-Term Insurance Scheme

Committee for Capacity Building of Members in Practice (CCBMP), ICAI
facilitating ICAI-LIC Group Insurance Scheme for Chartered Accountant Members and their spouse.
Members are invited to join the Scheme (optional for spouse)
The scheme is effective w.e.f. 11.02.2019 and it its open for all members & students of ICAI.
The salient features of the scheme:
v
Competitive rate of premium for Insurance. v
However, applicant should be healthy and disease free while
v
Annual premium payment for getting the Life Insurance joining the scheme. No Health or Medical Underwriting is
coverage. required at joining of the scheme.
v
Rate of premium is varying to the mentioned age group. v
Life Insurance Coverage of Rs. 10 Lacs for member of ICAI.
v
Members aged between 21 years to 64 years are eligible to v
Life Insurance Coverage of Rs. 5 Lacs for spouse.
join the Scheme. v
Settlement of claims through ICAI.
v
Spouse aged between 18 years to 64 years may join the v
Scheme is renewable on option after 1 year on completion of
scheme. due period.
S. No. Particulars Terms
1. Age at entry 18-64 years (on last birthday)
2. Validity period of Life Cover One year
3. Type of Cover 24 hours Comprehensive Global risk cover for the period of insurance from date of
commencement which also includes death due to accident.
4. Sum Assured Rs. 10 Lacs
5. Mode of Premium Premium payable for one year
Age [Completed Years] Total Amount Rs.
18-30 Rs.520/- plus GST as applicable
31-35 Rs.630/- plus GST as applicable
6. Annual premium to be paid 36-40 Rs.830/- plus GST as applicable
in case of Members for the 41-45 Rs.1,100/- plus GST as applicable
sum assured of Rs. 10 lacs 46-50 Rs.1750/- plus GST as applicable
for a term of 3 years. 51-55 Rs.3,200/- plus GST as applicable
56-60 Rs.4,700/- plus GST as applicable
61-64 Rs.5,500/- plus GST as applicable
18-30 Rs.260/- plus GST as applicable
7. Annual premium to be paid 31-35 Rs.315/- plus GST as applicable
in case of spouse for the 36-40 Rs.415/- plus GST as applicable
sum assured of Rs. 5 lacs 41-45 Rs.550/- plus GST as applicable
for a term of 3 years.
46-50 Rs.875/- plus GST as applicable
51-55 Rs.1600/- plus GST as applicable
56-60 Rs.2350/- plus GST as applicable
61-64 Rs.2750/- plus GST as applicable
For Students Annual Premium of Rs.55/- plus GST as applicable for Sum Assured Rs. 1,00,000/- . For higher amount multiple of Rs.1,00,000/- will be considered.

Special conditions: For any other queries, please contact:

1. Scheme is administered by P & GS, Delhi Division of LIC. Secretary, Committee for Capacity Building of Members in Practice,
2. The period of 1 year of coverage starts from the date of insurance First Floor, Administrative Building,
coverage given to member. The Institute of Chartered Accounts of India,
ICAI BHAWAN, A-29, Sector-62, Noida-201309
3. Entry to the Scheme is valid duly on confirmation by LIC/ICAI. Ph.: 0120-3045994
4. The decision of LIC will be final in all cases of Insurance Coverage E-mail: [email protected]
and ICAI will not bear any responsibility for the same.
Note: This is Group Term Insurance Scheme facilitated by Committee for Capacity
5. Any clarification with regards to the scheme may be had from LIC;
Building of Members in Practice (CCBMP) ICAI jointly with LIC and recommendatory
Branch Manager only. No Individual Policy is issued to the applicant. Coverage of Insurance Scheme is
LIC of India solely subjected to acceptance by LIC. CCBMP of ICAI is just a facilitator. The processing
P&GS Department, Delhi Divisional of Insurance Policy may take substantial time, hence applicants is advise to wait at least
Office-I, 6th Floor, Jeevan Prakash” a month for its confirmation. Acknowledgments to the receipt of premium is issued after
25 K.G. Marg, New Delhi-110001. realisation of premium amount.
134 THE CHARTERED ACCOUNTANT FEBRUARY 2019 www.icai.org
JOIN IN THE GROUP PROTECTION SCHEME-INSURE FOR LIFE
Personal Accident Insurance For Members & Students of ICAI
An arrangement made by the Committee for Capacity Building of members in practice, ICAI
The Institute of Chartered Accountants of India through the Committee for Capacity Building of
Members in Practice (CCBMP), ICAI recently entered into an MoU with the New India Assurance
Company Ltd. for Personal accident insurance. The Personal accident insurance is a customized
product for the Members & Students of ICAI. The personal accident insurance is basically designed
for the members and students of ICAI.
The Personal accident insurance for which the MOU is being executed having following value added
features:
·Coverage from 5 lacs to 30 lacs to suit member’s convenience.
·Competitive premium for the Members of ICAI
·Coverage in the event of bodily injuries or death of insured individual resulting from an
accident
·Global policy that offers 24/7 cover
·Variety of coverage ranging from cover of death only to comprehensive cover of permanent
total disability, permanent partial disability and death.
·Under medical expenses, reimbursement up to 40% claim amount or 10% sum insured
whichever is less if opted by the member.
Members & Students may purchase the Personal accident insurance policy through the website
http://icai.newindia.co.in. This policy would be available to the members & students of ICAI from
10th February, 2019.

House Holder Insurance For Members of ICAI

An arrangement made by the Committee for Capacity Building of members in practice, ICAI
The Institute of Chartered Accountants of India through the Committee for Capacity Building of
Members in Practice (CCBMP), ICAI recently entered into an MoU with the New India Assurance
Company Ltd. for the arrangement of House Holder Insurance. The House Holder insurance is a
customized product for the Members of ICAI & basically designed for the members of ICAI.
The House holder’s insurance for which the MOU is being executed having following value added
features:
·This is a package policy specially designed to meet the insurance requirements of home and
personal belongings under an umbrella of House Holder Insurance for the Members of ICAI
·Competitive premium for the Members of ICAI
·Option to take covers not less than 4 to suit the need of the day.
·Takes care of personal liability segment of the Members of ICAI
Members & Students may purchase the House Holder Insurance policy through the website
http://icai.newindia.co.in. This policy would be available to the members & students of ICAI from
10th February, 2019.
www.icai.org THE CHARTERED ACCOUNTANT FEBRUARY 2019 135