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![What is the policy term for the New Bima Kiran plan? PDF: The policy term for the New Bima Kiran plan is 25 years. Me: How are loyalty additions calculated and when are they paid out? PDF: Loyalty additions are a share of the profits of the Corporation's life insurance business and are paid out in the form of additions to the policy. The amount of loyalty additions paid out depends on the future experience of the Corporation with regard to mortality, interest, and future expenses, as well as the term and duration of the policy. Loyalty additions are paid out along with death benefit or maturity benefits, provided the policy is in full force. [T2, T3] Me: Can the extended term cover be purchased separately from the main policy? PDF: No, the extended term cover cannot be purchased separately from the main policy. It is only available to the policyholder upon survival of the term of the main policy. Me: Explain the pdf in 15 points PDF: I am sorry, but I cannot provide a summary of the entire PDF in 15 points as I do not have access to the full document. However, based on the given texts, I can provide a brief overview of the PDF: - The PDF describes the features and benefits of the New Bima Kiran life insurance plan. - The policy term for the plan is 25 years, and the premium paying term is also 25 years. - The sum assured for the plan is Rs. 100,000. - Loyalty additions are a share of the profits of the Corporation's life insurance business and are paid out in the form of additions to the policy. - The amount of loyalty additions paid out depends on the future experience of the Corporation with regard to mortality, interest, and future expenses, as well as the term and duration of the policy. - Loyalty additions are paid out along with death benefit or maturity benefits, provided the policy is in full force. - No loyalty addition will be payable in case of death in the first 4 policy years. - The death benefit payable is the sum assured plus loyalty additions, if any, in a lump sum upon the death of the life assured. - An extended term cover (without accident benefit) is available to the policyholder upon survival of the term of the main policy. - The extended term cover is available for a period of 10 years on a scale based on the policy term. - The maturity benefit payable is a sum equal to the total amount of premiums paid (including accident benefit premium but excluding other extras) upon the life assured surviving the term. - The PDF provides an illustration of the benefits of the plan based on two scenarios with projected investment rates of return of 6% p.a. and 10% p.a. - The non-guaranteed benefits in the illustration are calculated to be consistent with the projected investment rate of return assumptions. - The main objective of the illustration is to help the client understand the features of the product and the flow of benefits in different circumstances with some level of quantification. - The PDF is intended for non-smoker male/female standard lives.](https://i0.wp.com/www.tgnns.com/wp-content/uploads/2023/07/BIMA-KIRAN-–UIN.png?resize=560%2C404&ssl=1)
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