1. APPLICATION OF RULES: This policy is issued subject to the provisions in the Post Office Life Insurance Rules-2011 and any amendments made to the said Rules fromtime to time.

2. PROOF OF AGE:2.1 The onus of providing correct age will rest with insured. Insured person should provide such proof of age so that premium can be based on correct age.

In the event it is established that the age advised by insured was higher than the correct age of the insured i.e. he was paying premium higher than the premiumwarranted by his/ her correct age, he/ she may be allowed to pay correct premium from current date. However, no refund will be made for any excess premium alreadypaid.

2.2

In the event an insured advised a lower age than his correct age and was paying a premium lower than that required for continuance of the policy depending on hiscorrect age than such policy will be declared to be void and no benefit will be payable under this policy. However, Chief Postmaster General of the Circle where thepolicy stands or any other officer authorized by Department of Posts in this behalf, at his absolute discretion may allow the insured to continue to pay premium basedon correct age from current date provided that any short fall in the premium already paid accumulated with interest at a rate of 12% per annum for the period betweenthe dates of payments of such premium and the date of payment of correct premium if paid as single lump sum by the specified date or; alternatively, he may beallowed to continue to pay the correct premium from current date and short fall of the premium already paid accumulated @ 12% per annum for the period betweenthe dates of payment of such premium and last premium payable may be deducted from the settlement amount at the time of settlement of claim. Further, in any eventif it is found that depending on his/ her correct age, the policy could not have been issued then this policy will be treated as void and no payment will be made.

2.3

3. NOMINATION/ ASSIGNMENT: The insured is advised to nominate the person(s) to whom the claim amount shall be payable in the event of his/ her death except policiestaken under MWPA 1874. In the case of minor nominees, name and consent of the appointee (Guardian) who may receive the said amount on behalf of the minor mustbe given. In the event of death of the nominee before the death of the insurant, or change in nomination, the same must be got registered by the Postmaster General/Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office). Policy can be assigned against advance of loan. After the loan is repaid,policy can be reassigned to the policyholder/ nominee. No assignment/ reassignment will be valid until a notice in writing of the assignment/ reassignment has beendelivered to the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office).

4. PAYMENT OF PREMIUM: The policyholder can pay his/ her premia at any Post Office in India or make online payment of premia due through the authorized website ofthe Department of Posts.

5. DUE DATE OF PAYMENT OF PREMIA: The premium shall be paid in advance on the first day of each month. However, grace period is allowed upto the last working dayof the month.LAPSING OF POLICY: The policy shall be treated as void or lapsed in accordance with Rule 56 or 57 of Post Office Life Insurance Rules-2011, as the case may be, in casethe policyholder fails to pay the premium/ premia that has/ have become due against his/ her policy within the period of grace.

6.

REINSTATEMENT OF POLICY: In the event this policy become void under Rule 56 and the policyholder desiring automatic reinstatement of his/ her policy within a periodnot later than six months from the date of first unpaid premium had become due in respect of this policy or in the event the policy becomes inactive under Rule 57 andpolicyholder desiring automatic reinstatement of his/ her policy within a period not later than 12 months from the date the first unpaid premium had become due inrespect of this policy, he/ she may deposit all the arrears of premium/ premia up to date of payment along with interest thereon at the prescribed rates in any PostOffice alongwith declaration of good health.

7.

REVIVAL OF DISCONTINUED POLICY: In the case policy has lapsed or become void and is time barred for automatic reinstatement, the main policyholder may apply forrevival of this policy to the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office) before the policy hasmatured. Such revival will be subject to payment, within a date to be specified by the Postmaster General/ Head of Division/ Postmaster of the nearest CentralProcessing Centre (GPO/ Head Post Office) of all the arrears of premia with interest thereon at the rates prescribed by the Director General of Posts and further subjectto production of certificate from an Authorized Medical Examiner in the prescribed proforma certifying that the life assured is insurable having regard to the insurantshealth and habits and of evidence to show that there has been no adverse change in his/ her personal or family history or his/ her occupation and also a certificate fromhis/ her employer, if employed, certifying that the policy holder had not taken any leave on medical grounds during the last one year, or during the period from the datethe first unpaid premium had become due in respect of such policy, whichever is least. The policy shall not be treated as revived unless the Postmaster General/ Head ofDivision/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office) is satisfied and has permitted such revival in writing.

8.

RESTRICTION ON REINSTATEMENT OR REVIVAL: Policy may be reinstated any number of times during the entire term of the policy. However, the revival of policy underRule 58 shall not be allowed on more than two occasions during the entire term of policy, which will, however, not include the relaxations under Rule 56(3) and/ or Rule57(3) for reinstatement.

9.

FORFEITURE IN CERTAIN EVENTS: The policy shall be void and the payments made by the insurant shall be forfeited, if the statement contained in the proposal anddeclaration made therein are found to be untrue.

10.

11. AVIATION: If the death of the insured arise either directly or indirectly as a result of aviation otherwise than as a fare paying passenger in an aircraft authorized toundertake public transport or as a servant of Government of India in the Indian Navy or Air Force, only the surrender value acquired by the policy will be payable underthe policy provided that the surrender value will be paid only if 3 years premia have been paid on the policy and the policy is of not less than 3 years duration.SUICIDE: In the event the insured commits suicide any time from the date of acceptance of the policy but before the second policy anniversary, then the policy will betreated as void and no claim will be entertained in regard to this policy.

12.

LOAN: Loan will be granted on the security of this policy, if the policy has been in force for at least 3 years, and is otherwise unencumbered. The maximum admissibleamount of loan will be 90% of surrender value of the policy which will be subject to the condition that amount of loan should not become less than `1000/-. Subsequentloans are also permissible subject to fulfilling conditions prescribed. The insurant has to pay half yearly interest at the rate prescribed by due date. If interest is not paidon the due date, it will be added to the outstanding amount of loan and usual interest charged thereon. In the event of any three defaults in the payment of half yearlyinterest, the Competent Authority will be entitled to surrender the policy and to apply the surrender value in payment of the said loan and interest.

13.

14. SURRENDER VALUE: If this policy has been in force for atleast 3 years, it can be surrendered for payment on reduced sum assured upto the date for which premiumshave been paid. However, no bonus shall be admissible before completion of 5 years of the policy. Besides, no bonus will be paid on the policy with effect from the dateof discontinuance of premia. Surrender Value amount will be less compared to premia paid depending on duration of policy.

15. FREE LOOK PERIOD: The policyholder may get the policy cancelled within 15 days from the date of delivery at the given address. On such cancellation premium paid bythe policyholder will be refunded after deducting medical charges, if any, and proportionate premium till the date of application of cancellation.INTIMATION OF CHANGE OF ADDRESS: The policyholder is advised in his/ her interest to keep the Postmaster General/ Head of Division/ Postmaster of the nearestCentral Processing Centre (GPO/ Head Post Office) informed of change of address and/ or his contact number.

16.

LIMITS IN DEATH CLAIM: If this policy has been taken under non-medical scheme and death of the insured occurs before completion of one year or after one year butbefore completion of two years or after two years but before completion of three year(s) from the date of acceptance, then only 35% or 60% or 90% of sum assured, asthe case may be, alongwith bonus accrued shall be payable to the nominee(s)/ legal heir(s).

17.

LIABILITY OF DEPARTMENT IN SETTLEMENT OF CLAIM: The Department will not be liable for payment of interest for delay on amount of any type of claim/ benefit ifinsurant has not preferred claim on due date.

18.

Postal Life InsuranceTerms of Contract

1. APPLICATION OF RULES: This policy is issued subject to the provisions in the Post Office Life Insurance Rules-2011 and any amendments made to the said Rules from time to time.PROOF OF AGE:

3. NOMINATION / ASSIGNMENT: The insured is advised to nominate the person(s) to whom the claim amount shall be payable in the event of his/ her death except policies takenunder MWPA 1874. In the case of minor nominees, name and consent of the appointee (Guardian) who may receive the said amount on behalf of the minor must be given. In theevent of death of the nominee before the death of the insurant, or change in nomination, the same must be got registered by the Postmaster General/ Head of Division/ Postmasterof the nearest Central Processing Centre (GPO/ Head Post Office). Policy can be assigned against advance of loan. After the loan is repaid, policy can be reassigned to thepolicyholder/ nominee. No assignment/ reassignment will be valid until a notice in writing of the assignment/ reassignment has been delivered to the Postmaster General/ Head ofDivision/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office).

4. PAYMENT OF PREMIUM: The policyholder can pay his/ her premia at any Post Office in India or make online payment of premia due through the authorized website of theDepartment of Posts.

5. DUE DATE OF PAYMENT OF PREMIA: The premium shall be paid in advance on the first day of each month. However, grace period is allowed upto the last working day of the month.

6. LAPSING OF POLICY: The policy shall be treated as void or lapsed in accordance with Rule 56 or 57 of Post Office Life Insurance Rules-2011, as the case may be, in case thepolicyholder fails to pay the premium/ premia that has/ have become due against his/ her policy within the period of grace.

7. REINSTATEMENT OF POLICY: In the event this policy become void under Rule 56 and the policyholder desiring automatic reinstatement of his/ her policy within a period not laterthan six months from the date of first unpaid premium had become due in respect of this policy or in the event the policy becomes inactive under Rule 57 and policyholder desiringautomatic reinstatement of his/ her policy within a period not later than 12 months from the date the first unpaid premium had become due in respect of this policy, he/ she maydeposit all the arrears of premium/ premia up to date of payment along with interest thereon at the prescribed rates in any Post Office alongwith declaration of good health.

8. REVIVAL OF DISCONTINUED POLICY: In the case policy has lapsed or become void and is time barred for automatic reinstatement, the main policyholder may apply for revival of thispolicy to the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office). before the policy has matured. Such revival will besubject to payment, within a date to be specified by the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office). of allthe arrears of premia with interest thereon at the rates prescribed by the Director General of Posts and further subject to production of certificate from an Authorized MedicalExaminer in the prescribed proforma certifying that the life assured is insurable having regard to the insurants health and habits and of evidence to show that there has been noadverse change in his/ her personal or family history or his/ her occupation and also a certificate from his/ her employer, if employed, certifying that the policy holder had not takenany leave on medical grounds during the last one year, or during the period from the date the first unpaid premium had become due in respect of such policy, whichever is least. Thepolicy shall not be treated as revived unless the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office). is satisfied andhas permitted such revival in writing.

9. RESTRICTION ON REINSTATEMENT OR REVIVAL: Policy may be reinstated any number of times during the entire term of the policy. However, the revival of policy under Rule 58 shallnot be allowed on more than two occasions during the entire term of policy, which will, however, not include the relaxations under Rule 56(3) and/ or Rule 57(3) for reinstatement.

10. FORFEITURE IN CERTAIN EVENTS: The policy shall be void and the payments made by the insurant shall be forfeited, if the statement contained in the proposal and declaration madetherein are found to be untrue.

11. AVIATION: If the death of the insured arise either directly or indirectly as a result of aviation otherwise than as a fare paying passenger in an aircraft authorized to undertake publictransport or as a servant of Government of India in the Indian Navy or Air Force, only the surrender value acquired by the policy will be payable under the policy provided that thesurrender value will be paid only if 3 years premia have been paid on the policy and the policy is of not less than 3 years duration.

12. SUICIDE: In the event the insured commits suicide any time from the date of acceptance of the policy but before the second policy anniversary, then the policy will be treated as voidand no claim will be entertained in regard to this policy.

13. LOAN: Loan will be granted on the security of this policy, if the policy has been in force for at least 4 years, and is otherwise unencumbered. The maximum admissible amount ofloan will be 90% of surrender value of the policy which will be subject to the condition that amount of loan should not become less than `1000/-. Subsequent loans are alsopermissible subject to fulfilling conditions prescribed. The insurant has to pay half yearly interest at the rate prescribed by due date. If interest is not paid on the due date, it will beadded to the outstanding amount of loan and usual interest charged thereon. In the event of any three defaults in the payment of half yearly interest, the Competent Authority willbe entitled to surrender the policy and to apply the surrender value in payment of the said loan and interest.

14. SURRENDER VALUE: If this policy has been in force for atleast 3 years, it can be surrendered for payment on reduced sum assured upto the date for which premiums have been paid.However, no bonus shall be admissible before completion of 5 years of the policy. Besides, no bonus will be paid on the policy with effect from the date of discontinuance of premia.Surrender Value amount will be less compared to premia paid depending on duration of policy.

15.

In the event an insured advised a lower age than his correct age and was paying a premium lower than that required for continuance of the policy depending on his correct age thansuch policy will be declared to be void and no benefit will be payable under this policy. However, Chief Postmaster General of the Circle where the policy stands or any other officerauthorized by Department of Posts in this behalf, at his absolute discretion may allow the insured to continue to pay premium based on correct age from current date provided thatany short fall in the premium already paid accumulated with interest at a rate of 12% per annum for the period between the dates of payments of such premium and the date ofpayment of correct premium if paid as single lump sum by the specified date or; alternatively, he may be allowed to continue to pay the correct premium from current date andshort fall of the premium already paid accumulated @ 12% per annum for the period between the dates of payment of such premium and last premium payable may be deductedfrom the settlement amount at the time of settlement of claim. Further, in any event if it is found that depending on his/ her correct age, the policy could not have been issued thenthis policy will be treated as void and no payment will be made.

2.2

2.3

In the event it is established that the age advised by insured was higher than the correct age of the insured i.e. he was paying premium higher than the premium warranted by his/her correct age, he/ she may be allowed to pay correct premium from current date. However, no refund will be made for any excess premium already paid.

2.1 The onus of providing correct age will rest with insured. Insured person should provide such proof of age so that premium can be based on correct age.

INTIMATION OF CHANGE OF ADDRESS : The policyholder is advised in his/ her interest to keep the Postmaster General/ Head of Division/ Postmaster of the nearest CentralProcessing Centre (GPO/ Head Post Office) informed of change of address and/ or his contact number.

Terms of ContractPostal Life Insurance

FREE LOOK PERIOD: The policyholder may get the policy cancelled within 15 days from the date of delivery at the given address. On such cancellation premium paid by thepolicyholder will be refunded after deducting medical charges, if any, and proportionate premium till the date of application of cancellation.

LIABILITY OF DEPARTMENT IN SETTLEMENT OF CLAIM: The Department will not be liable for payment of interest for delay on amount of any type of claim/ benefit if insurant has notpreferred claim on due date.

16.

17.

2.

1. APPLICATION OF RULES: This policy is issued subject to the provisions in the Post Office Life Insurance Rules-2011 and any amendments made to the saidRules from time to time.

2. PROOF OF AGE:2.1 The onus of providing correct age will rest with insured. Insured person should provide such proof of age so that premium can be based on correct age.

In the event it is established that the age advised by insured was higher than the correct age of the insured i.e. he was paying premium higher than thepremium warranted by his/ her correct age, he/ she may be allowed to pay correct premium from current date. However, no refund will be made for anyexcess premium already paid.

2.2

In the event an insured advised a lower age than his correct age and was paying a premium lower than that required for continuance of the policy dependingon his correct age than such policy will be declared to be void and no benefit will be payable under this policy. However, Chief Postmaster General of theCircle where the policy stands or any other officer authorized by Department of Posts in this behalf, at his absolute discretion may allow the insured tocontinue to pay premium based on correct age from current date provided that any short fall in the premium already paid accumulated with interest at a rateof 12% per annum for the period between the dates of payments of such premium and the date of payment of correct premium if paid as single lump sum bythe specified date or; alternatively, he may be allowed to continue to pay the correct premium from current date and short fall of the premium already paidaccumulated @ 12% per annum for the period between the dates of payment of such premium and last premium payable may be deducted from thesettlement amount at the time of settlement of claim. Further, in any event if it is found that depending on his/ her correct age, the policy could not havebeen issued then this policy will be treated as void and no payment will be made.

2.3

3. NOMINATION/ ASSIGNMENT: The insured is advised to nominate the person(s) to whom the claim amount shall be payable in the event of his/ her deathexcept policies taken under MWPA 1874. In the case of minor nominees, name and consent of the appointee (Guardian) who may receive the said amount onbehalf of the minor must be given. In the event of death of the nominee before the death of the insurant, or change in nomination, the same must be gotregistered by the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office). Policy can be assignedagainst advance of loan. After the loan is repaid, policy can be reassigned to the policyholder/ nominee. No assignment/ reassignment will be valid until anotice in writing of the assignment/ reassignment has been delivered to the Postmaster General/ Head of Division/ Postmaster of the nearest CentralProcessing Centre (GPO/ Head Post Office).

4. PAYMENT OF PREMIUM: The policyholder can pay his/ her premia at any Post Office in India or make online payment of premia due through the authorizedwebsite of the Department of Posts.

5. DUE DATE OF PAYMENT OF PREMIA: The premium shall be paid in advance on the first day of each month. However, grace period is allowed upto the lastworking day of the month.LAPSING OF POLICY: The policy shall be treated as void or lapsed in accordance with Rule 56 or 57 of Post Office Life Insurance Rules-2011, as the case may be,in case the policyholder fails to pay the premium/ premia that has/ have become due against his/ her policy within the period of grace.

6.

REINSTATEMENT OF POLICY: In the event this policy become void under Rule 56 and the policyholder desiring automatic reinstatement of his/ her policywithin a period not later than six months from the date of first unpaid premium had become due in respect of this policy or in the event the policy becomesinactive under Rule 57 and policyholder desiring automatic reinstatement of his/ her policy within a period not later than 12 months from the date the firstunpaid premium had become due in respect of this policy, he/ she may deposit all the arrears of premium/ premia up to date of payment along with interestthereon at the prescribed rates in any Post Office alongwith declaration of good health.

7.

REVIVAL OF DISCONTINUED POLICY: In the case policy has lapsed or become void and is time barred for automatic reinstatement, the main policyholder mayapply for revival of this policy to the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office)before the policy has matured. Such revival will be subject to payment, within a date to be specified by the Postmaster General/ Head of Division/ Postmasterof the nearest Central Processing Centre (GPO/ Head Post Office) of all the arrears of premia with interest thereon at the rates prescribed by the DirectorGeneral of Posts and further subject to production of certificate from an Authorized Medical Examiner in the prescribed proforma certifying that the lifeassured is insurable having regard to the insurants health and habits and of evidence to show that there has been no adverse change in his/ her personal orfamily history or his/ her occupation and also a certificate from his/ her employer, if employed, certifying that the policy holder had not taken any leave onmedical grounds during the last one year, or during the period from the date the first unpaid premium had become due in respect of such policy, whichever isleast. The policy shall not be treated as revived unless the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/Head Post Office) is satisfied and has permitted such revival in writing.

8.

RESTRICTION ON REINSTATEMENT OR REVIVAL: Policy may be reinstated any number of times during the entire term of the policy. However, the revival ofpolicy under Rule 58 shall not be allowed on more than two occasions during the entire term of policy, which will, however, not include the relaxations underRule 56(3) and/ or Rule 57(3) for reinstatement.

9.

FORFEITURE IN CERTAIN EVENTS: The policy shall be void and the payments made by the insurant shall be forfeited, if the statement contained in the proposaland declaration made therein are found to be untrue.

10.

11. AVIATION: If the death of the insured arise either directly or indirectly as a result of aviation otherwise than as a fare paying passenger in an aircraftauthorized to undertake public transport or as a servant of Government of India in the Indian Navy or Air Force, only the surrender value acquired by thepolicy will be payable under the policy provided that the surrender value will be paid only if 3 years premia have been paid on the policy and the policy is ofnot less than 3 years duration.SUICIDE: In the event the insured commits suicide any time from the date of acceptance of the policy but before the second policy anniversary, then the policywill be treated as void and no claim will be entertained in regard to this policy.

12.

LOAN: Loan will be granted on the security of this policy, if the policy has been in force for at least 4 years, and is otherwise unencumbered. The maximumadmissible amount of loan will be 90% of surrender value of the policy which will be subject to the condition that amount of loan should not become less than`1000/-. Subsequent loans are also permissible subject to fulfilling conditions prescribed. The insurant has to pay half yearly interest at the rate prescribed bydue date. If interest is not paid on the due date, it will be added to the outstanding amount of loan and usual interest charged thereon. In the event of anythree defaults in the payment of half yearly interest, the Competent Authority will be entitled to surrender the policy and to apply the surrender value inpayment of the said loan and interest.

13.

14. SURRENDER VALUE: If this policy has been in force for atleast 3 years, it can be surrendered for payment on reduced sum assured upto the date for whichpremiums have been paid. However, no bonus shall be admissible before completion of 5 years of the policy. Besides, no bonus will be paid on the policy witheffect from the date of discontinuance of premia. Surrender Value amount will be less compared to premia paid depending on duration of policy.

15. FREE LOOK PERIOD: The policyholder may get the policy cancelled within 15 days from the date of delivery at the given address. On such cancellationpremium paid by the policyholder will be refunded after deducting medical charges, if any, and proportionate premium till the date of application ofcancellation.

Terms of ContractPostal Life Insurance

INTIMATION OF CHANGE OF ADDRESS: The policyholder is advised in his/ her interest to keep the Postmaster General/ Head of Division/ Postmaster of thenearest Central Processing Centre (GPO/ Head Post Office) informed of change of address and/ or his contact number.

16.

17. LIABILITY OF DEPARTMENT IN SETTLEMENT OF CLAIM: The Department will not be liable for payment of interest for delay on amount of any type of claim/benefit if insurant has not preferred claim on due date.

1. APPLICATION OF RULES: This policy is issued subject to the provisions in the Post Office Life Insurance Rules-2011 and any amendments made to the saidRules from time to time.

2.

3. NOMINATION / ASSIGNMENT: The insured is advised to nominate the person(s) to whom the claim amount shall be payable in the event of his/ her deathexcept policies taken under MWPA 1874. In the case of minor nominees, name and consent of the appointee (Guardian) who may receive the said amounton behalf of the minor must be given. In the event of death of the nominee before the death of the insurant, or change in nomination, the same must be gotregistered by the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office). Policy can be assignedagainst advance of loan. After the loan is repaid, policy can be reassigned to the policyholder/ nominee. No assignment/ reassignment will be valid until anotice in writing of the assignment/ reassignment has been delivered to the Postmaster General/ Head of Division/ Postmaster of the nearest CentralProcessing Centre (GPO/ Head Post Office).

4. PAYMENT OF PREMIUM: The policyholder can pay his/ her premia at any Post Office in India or make online payment of premia due through the authorizedwebsite of the Department of Posts.

5. DUE DATE OF PAYMENT OF PREMIA: The premium shall be paid in advance on the first day of each month. However, grace period is allowed upto the lastworking day of the month.

6. LAPSING OF POLICY: The policy shall be treated as void or lapsed in accordance with Rule 56 or 57 of Post Office Life Insurance Rules-2011, as the case maybe, in case the policyholder fails to pay the premium/ premia that has/ have become due against his/ her policy within the period of grace.

7. REINSTATEMENT OF POLICY: In the event this policy become void under Rule 56 and the policyholder desiring automatic reinstatement of his/ her policywithin a period not later than six months from the date of first unpaid premium had become due in respect of this policy or in the event the policy becomesinactive under Rule 57 and policyholder desiring automatic reinstatement of his/ her policy within a period not later than 12 months from the date the firstunpaid premium had become due in respect of this policy, he/ she may deposit all the arrears of premium/ premia up to date of payment along with interestthereon at the prescribed rates in any Post Office alongwith declaration of good health.

8. REVIVAL OF DISCONTINUED POLICY: In the case policy has lapsed or become void and is time barred for automatic reinstatement, the main policyholder mayapply for revival of this policy to the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office)before the policy has matured. Such revival will be subject to payment, within a date to be specified by the Postmaster General/ Head of Division/Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office) of all the arrears of premia with interest thereon at the rates prescribed by theDirector General of Posts and further subject to production of certificate from an Authorized Medical Examiner in the prescribed proforma certifying that thelife assured is insurable having regard to the insurants health and habits and of evidence to show that there has been no adverse change in his/ her personalor family history or his/ her occupation and also a certificate from his/ her employer, if employed, certifying that the policy holder had not taken any leaveon medical grounds during the last one year, or during the period from the date the first unpaid premium had become due in respect of such policy,whichever is least. The policy shall not be treated as revived unless the Postmaster General/ Head of Division/ Postmaster of the nearest Central ProcessingCentre (GPO/ Head Post Office) is satisfied and has permitted such revival in writing.

9. RESTRICTION ON REINSTATEMENT OR REVIVAL: Policy may be reinstated any number of times during the entire term of the policy. However, the revival ofpolicy under Rule 58 shall not be allowed on more than two occasions during the entire term of policy, which will, however, not include the relaxationsunder Rule 56(3) and/ or Rule 57(3) for reinstatement.

10. FORFEITURE IN CERTAIN EVENTS: The policy shall be void and the payments made by the insurant shall be forfeited, if the statement contained in theproposal and declaration made therein are found to be untrue.

11. AVIATION: If the death of the insured arise either directly or indirectly as a result of aviation otherwise than as a fare paying passenger in an aircraftauthorized to undertake public transport or as a servant of Government of India in the Indian Navy or Air Force, only the surrender value acquired by thepolicy will be payable under the policy provided that the surrender value will be paid only if 3 years premia have been paid on the policy and the policy is ofnot less than 3 years duration.

12. SUICIDE: In the event the insured commits suicide any time from the date of acceptance of the policy but before the second policy anniversary, then thepolicy will be treated as void and no claim will be entertained in regard to this policy.

13. LOAN : No loan will be granted on the security of this policy.14. SURRENDER/PAID UP VALUE: This policy cannot be surrendered. However, it can be made paid up, provided premiums have been paid for not less than

three years, and the reduced paid up assurance will be granted only at the date of maturity, that is at the end of stipulated plan term or on death of lifeassured, and no further periodical payments on account of survival benefit will be paid.

15.

In the event an insured advised a lower age than his correct age and was paying a premium lower than that required for continuance of the policy dependingon his correct age than such policy will be declared to be void and no benefit will be payable under this policy. However, Chief Postmaster General of theCircle where the policy stands or any other officer authorized by Department of Posts in this behalf, at his absolute discretion may allow the insured tocontinue to pay premium based on correct age from current date provided that any short fall in the premium already paid accumulated with interest at arate of 12% per annum for the period between the dates of payments of such premium and the date of payment of correct premium if paid as single lumpsum by the specified date or; alternatively, he may be allowed to continue to pay the correct premium from current date and short fall of the premiumalready paid accumulated @ 12% per annum for the period between the dates of payment of such premium and last premium payable may be deductedfrom the settlement amount at the time of settlement of claim. Further, in any event if it is found that depending on his/ her correct age, the policy couldnot have been issued then this policy will be treated as void and no payment will be made.

2.2

2.3

In the event it is established that the age advised by insured was higher than the correct age of the insured i.e. he was paying premium higher than thepremium warranted by his/ her correct age, he/ she may be allowed to pay correct premium from current date. However, no refund will be made for anyexcess premium already paid.

2.1 The onus of providing correct age will rest with insured. Insured person should provide such proof of age so that premium can be based on correct age.

INTIMATION OF CHANGE OF ADDRESS: The policyholder is advised in his/ her interest to keep the Postmaster General/ Head of Division/ Postmaster of thenearest Central Processing Centre (GPO/ Head Post Office) informed of change of address and/ or his contact number.

FREE LOOK PERIOD: The policyholder may get the policy cancelled within 15 days from the date of delivery at the given address. On such cancellationpremium paid by the policyholder will be refunded after deducting medical charges, if any, and proportionate premium till the date of application ofcancellation.

LIABILITY OF DEPARTMENT IN SETTLEMENT OF CLAIM: The Department will not be liable for payment of interest for delay on amount of any type of claim/benefit if insurant has not preferred claim on due date.

Terms of ContractPostal Life Insurance

16.

17.

PROOF OF AGE:

400000/-

1. APPLICATION OF RULES: This policy is issued subject to the provisions in the Post Office Life Insurance Rules-2011 and any amendments made to the saidRules from time to time.

2. PROOF OF AGE:2.1 The onus of providing correct age will rest with insured. Insured person should provide such proof of age so that premium can be based on correct age.

In the event it is established that the age advised by insured was higher than the correct age of the insured i.e. he was paying premium higher than thepremium warranted by his/ her correct age, he/ she may be allowed to pay correct premium from current date. However, no refund will be made for anyexcess premium already paid.

2.2

In the event an insured advised a lower age than his correct age and was paying a premium lower than that required for continuance of the policy dependingon his correct age than such policy will be declared to be void and no benefit will be payable under this policy. However, Chief Postmaster General of theCircle where the policy stands or any other officer authorized by Department of Posts in this behalf, at his absolute discretion may allow the insured tocontinue to pay premium based on correct age from current date provided that any short fall in the premium already paid accumulated with interest at arate of 12% per annum for the period between the dates of payments of such premium and the date of payment of correct premium if paid as single lumpsum by the specified date or; alternatively, he may be allowed to continue to pay the correct premium from current date and short fall of the premiumalready paid accumulated @ 12% per annum for the period between the dates of payment of such premium and last premium payable may be deductedfrom the settlement amount at the time of settlement of claim. Further, in any event if it is found that depending on his/ her correct age, the policy couldnot have been issued then this policy will be treated as void and no payment will be made.

2.3

3. NOMINATION/ ASSIGNMENT: The insured is advised to nominate the person(s) to whom the claim amount shall be payable in the event of his/ her deathexcept policies taken under MWPA 1874. In the case of minor nominees, name and consent of the appointee (Guardian) who may receive the said amounton behalf of the minor must be given. In the event of death of the nominee before the death of the insurant, or change in nomination, the same must be gotregistered by the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office). Policy can be assignedagainst advance of loan. After the loan is repaid, policy can be reassigned to the policyholder/ nominee. No assignment/ reassignment will be valid until anotice in writing of the assignment/ reassignment has been delivered to the Postmaster General/ Head of Division/ Postmaster of the nearest CentralProcessing Centre (GPO/ Head Post Office).

4. PAYMENT OF PREMIUM: The policyholder can pay his/ her premia at any Post Office in India or make online payment of premia due through the authorizedwebsite of the Department of Posts.

5. DUE DATE OF PAYMENT OF PREMIA: The premium shall be paid in advance on the first day of each month. However, grace period is allowed upto the lastworking day of the month.LAPSING OF POLICY: The policy shall be treated as void or lapsed in accordance with Rule 56 or 57 of Post Office Life Insurance Rules-2011, as the case maybe, in case the policyholder fails to pay the premium/ premia that has/ have become due against his/ her policy within the period of grace.

6.

REINSTATEMENT OF POLICY: In the event this policy become void under Rule 56 and the policyholder desiring automatic reinstatement of his/ her policywithin a period not later than six months from the date of first unpaid premium had become due in respect of this policy or in the event the policy becomesinactive under Rule 57 and policyholder desiring automatic reinstatement of his/ her policy within a period not later than 12 months from the date the firstunpaid premium had become due in respect of this policy, he/ she may deposit all the arrears of premium/ premia up to date of payment along with interestthereon at the prescribed rates in any Post Office alongwith declaration of good health.

7.

REVIVAL OF DISCONTINUED POLICY: In the case policy has lapsed or become void and is time barred for automatic reinstatement, the main policyholder mayapply for revival of this policy to the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office)before the policy has matured. Such revival will be subject to payment, within a date to be specified by the Postmaster General/ Head of Division/Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office) of all the arrears of premia with interest thereon at the rates prescribed by theDirector General of Posts and further subject to production of certificate from an Authorized Medical Examiner in the prescribed proforma certifying that thelife assured is insurable having regard to the insurants health and habits and of evidence to show that there has been no adverse change in his/ her personalor family history or his/ her occupation and also a certificate from his/ her employer, if employed, certifying that the policy holder had not taken any leaveon medical grounds during the last one year, or during the period from the date the first unpaid premium had become due in respect of such policy,whichever is least. The policy shall not be treated as revived unless the Postmaster General/ Head of Division/ Postmaster of the nearest Central ProcessingCentre (GPO/ Head Post Office) is satisfied and has permitted such revival in writing.

8.

RESTRICTION ON REINSTATEMENT OR REVIVAL: Policy may be reinstated any number of times during the entire term of the policy. However, the revival ofpolicy under Rule 58 shall not be allowed on more than two occasions during the entire term of policy, which will, however, not include the relaxationsunder Rule 56(3) and/ or Rule 57(3) for reinstatement.

9.

FORFEITURE IN CERTAIN EVENTS: The policy shall be void and the payments made by the insurant shall be forfeited, if the statement contained in theproposal and declaration made therein are found to be untrue.

10.

11. AVIATION: If the death of the insured arise either directly or indirectly as a result of aviation otherwise than as a fare paying passenger in an aircraftauthorized to undertake public transport or as a servant of Government of India in the Indian Navy or Air Force, only the surrender value acquired by thepolicy will be payable under the policy provided that the surrender value will be paid only if 3 years premia have been paid on the policy and the policy is ofnot less than 3 years duration.SUICIDE: In the event the insured commits suicide any time from the date of acceptance of the policy but before the second policy anniversary, then thepolicy will be treated as void and no claim will be entertained in regard to this policy.

12.

LOAN: Loan will be granted on the security of this policy, if the policy has been in force for at least 3 years, and is otherwise unencumbered. The maximumadmissible amount of loan will be 90% of surrender value of the policy which will be subject to the condition that amount of loan should not become lessthan `1000/-. Subsequent loans are also permissible subject to fulfilling conditions prescribed. The insurant has to pay half yearly interest at the rateprescribed by due date. If interest is not paid on the due date, it will be added to the outstanding amount of loan and usual interest charged thereon. In theevent of any three defaults in the payment of half yearly interest, the Competent Authority will be entitled to surrender the policy and to apply thesurrender value in payment of the said loan and interest.

13.

14. SURRENDER VALUE: If this policy has been in force for atleast 3 years, it can be surrendered for payment on reduced sum assured upto the date for whichpremiums have been paid. However, no bonus shall be admissible before completion of 5 years of the policy. Besides, no bonus will be paid on the policywith effect from the date of discontinuance of premia. Surrender Value amount will be less compared to premia paid depending on duration of policy.

15. FREE LOOK PERIOD: The policyholder may get the policy cancelled within 15 days from the date of delivery at the given address. On such cancellationpremium paid by the policyholder will be refunded after deducting medical charges, if any, and proportionate premium till the date of application ofcancellation.

Terms of ContractPostal Life Insurance

INTIMATION OF CHANGE OF ADDRESS: The policyholder is advised in his/ her interest to keep the Postmaster General/ Head of Division/ Postmaster of thenearest Central Processing Centre (GPO/ Head Post Office) informed of change of address and/ or his contact number.

16.

17. LIABILITY OF DEPARTMENT IN SETTLEMENT OF CLAIM: The Department will not be liable for payment of interest for delay on amount of any type of claim/benefit if insurant has not preferred claim on due date.

APPLICATION OF RULES: This policy is issued subject to the provisions in the Post Office Life Insurance Rules-2011 and any amendments made to the saidRules from time to time.

2. PROOF OF AGE:2.1 The onus of providing correct age will rest with insured. Insured person should provide such proof of age so that premium can be based on correct age.

In the event it is established that the age advised by insured was higher than the correct age of the insured i.e. he was paying premium higher than thepremium warranted by his/ her correct age, he/ she may be allowed to pay correct premium from current date. However, no refund will be made for anyexcess premium already paid.

2.2

In the event an insured advised a lower age than his correct age and was paying a premium lower than that required for continuance of the policydepending on his correct age than such policy will be declared to be void and no benefit will be payable under this policy. However, Chief PostmasterGeneral of the Circle where the policy stands or any other officer authorized by Department of Posts in this behalf, at his absolute discretion may allowthe insured to continue to pay premium based on correct age from current date provided that any short fall in the premium already paid accumulatedwith interest at a rate of 12% per annum for the period between the dates of payments of such premium and the date of payment of correct premium ifpaid as single lump sum by the specified date or; alternatively, he may be allowed to continue to pay the correct premium from current date and shortfall of the premium already paid accumulated @ 12% per annum for the period between the dates of payment of such premium and last premiumpayable may be deducted from the settlement amount at the time of settlement of claim. Further, in any event if it is found that depending on his/ hercorrect age, the policy could not have been issued then this policy will be treated as void and no payment will be made.

2.3

3. NOMINATION/ ASSIGNMENT: This is an add-on policy and parent (main policyholder) of the child shall be the nominee of the policy. However, this policycan be assigned against advance of loan. After the loan is repaid, policy can be reassigned to the policyholder/ nominee. No assignment/ reassignmentwill be valid until a notice in writing of the assignment/ reassignment has been delivered to the Postmaster of the nearest Central Processing Centre(GPO/ Head Post Office).

4. PAYMENT OF PREMIUM: The policyholder can pay his/ her premia at any Post Office in India or make online payment of premia due through theauthorized website of the Department of Posts.

5. DUE DATE OF PAYMENT OF PREMIA: The premium shall be paid in advance on the first day of each month. However, grace period is allowed upto the lastworking day of the month.

6.

MAXIMUM AGE OF PARENT: The parent (main policyholder) should not be aged 45 years or above.7.BONUS: This policy shall attract Bonus at the rate of Endowment Policy.8.REINSTATEMENT OF POLICY: In the event this policy become void under Rule 56 and the policyholder desiring automatic reinstatement of his/ her policywithin a period not later than six months from the date of first unpaid premium had become due in respect of this policy or in the event the policybecomes inactive under Rule 57 and policyholder desiring automatic reinstatement of his/ her policy within a period not later than 12 months from thedate the first unpaid premium had become due in respect of this policy, he/ she may deposit all the arrears of premium/ premia up to date of paymentalong with interest thereon at the prescribed rates in any Post Office alongwith declaration of good health.

9.

REVIVAL OF DISCONTINUED POLICY: In the case policy has lapsed or become void and is time barred for automatic reinstatement, the main policyholdermay apply for revival of this policy to the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head PostOffice) before the policy has matured. Such revival will be subject to payment, within a date to be specified by the Postmaster General/ Head of Division/Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office) of all the arrears of premia with interest thereon at the rates prescribed bythe Director General of Posts and further subject to production of certificate from an Authorized Medical Examiner in the prescribed proforma certifyingthat the life assured is insurable having regard to the insurants health and habits and of evidence to show that there has been no adverse change in his/her personal or family history or his/ her occupation and also a certificate from his/ her employer, if employed, certifying that the policy holder had nottaken any leave on medical grounds during the last one year, or during the period from the date the first unpaid premium had become due in respect ofsuch policy, whichever is least. The policy shall not be treated as revived unless the Postmaster General/ Head of Division/ Postmaster of the nearestCentral Processing Centre (GPO/ Head Post Office) is satisfied and has permitted such revival in writing.

10.

11. RESTRICTION ON REINSTATEMENT OR REVIVAL: Policy may be reinstated any number of times during the entire term of the policy. However, the revivalof policy under Rule 58 shall not be allowed on more than two occasions during the entire term of policy, which will, however, not include the relaxationsunder Rule 56(3) and/ or Rule 57(3) for reinstatement.FORFEITURE IN CERTAIN EVENTS: The policy shall be void and the payments made by the insurant shall be forfeited, if the statement contained in theproposal and declaration made therein are found to be untrue.SUICIDE: In the event the insured commits suicide any time from the date of acceptance of the policy but before the second policy anniversary, then thepolicy will be treated as void and no claim will be entertained in regard to this policy.

12.

13.

LOAN: No loan will be granted on the security of this policy by the Department.15.

1.

LAPSING OF POLICY: The policy shall be treated as void or lapsed in accordance with Rule 56 or 57 of Post Office Life Insurance Rules-2011, as the casemay be, in case the policyholder fails to pay the premium/ premia that has/ have become due against his/ her policy within the period of grace.

Postal Life InsuranceTerms of Contract

16. SURRENDER VALUE: This policy cannot be surrendered.FREE LOOK PERIOD: The policyholder may get the policy cancelled within 15 days from the date of delivery at the given address. On such cancellationpremium paid by the policyholder will be refunded after deducting medical charges, if any, and proportionate premium till the date of application ofcancellation.

17.

INTIMATION OF CHANGE OF ADDRESS: The policyholder is advised in his/ her interest to keep the Postmaster General/ Head of Division/ Postmaster ofthe nearest Central Processing Centre (GPO/ Head Post Office) informed of change of address and/ or his/ her contact number.

18.

19. LIABILITY OF DEPARTMENT IN SETTLEMENT OF CLAIM: The Department will not be liable for payment of interest for delay on amount of any type ofclaim/ benefit if insurant has not preferred claim on due date.

1. APPLICATION OF RULES: This policy is issued subject to the provisions in the Post Office Life Insurance Rules-2011 and any amendments made to the said Rules fromtime to time.

2. PROOF OF AGE:2.1 The onus of providing correct age will rest with insured. Insured person should provide such proof of age so that premium can be based on correct age.

In the event it is established that the age advised by insured was higher than the correct age of the insured i.e. he was paying premium higher than the premiumwarranted by his/ her correct age, he/ she may be allowed to pay correct premium from current date. However, no refund will be made for any excess premium alreadypaid.

2.2

NOMINATION/ ASSIGNMENT: The insured is advised to nominate the person(s) to whom the claim amount shall be payable in the event of his/ her death except policiestaken under MWPA 1874. In the case of minor nominees, name and consent of the appointee (Guardian) who may receive the said amount on behalf of the minor mustbe given. In the event of death of the nominee before the death of the insurant, or change in nomination, the same must be got registered by the Postmaster General/Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office). Policy can be assigned against advance of loan. After the loan is repaid,policy can be reassigned to the policyholder/ nominee. No assignment/ reassignment will be valid until a notice in writing of the assignment/ reassignment has beendelivered to the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office).

4. PAYMENT OF PREMIUM: The policyholder can pay his/ her premia at any Post Office in India or make online payment of premia due through the authorized website ofthe Department of Posts.

5. DUE DATE OF PAYMENT OF PREMIA: The premium shall be paid in advance on the first day of each month. However, grace period is allowed upto the last working dayof the month.LAPSING OF POLICY: The policy shall be treated as void or lapsed in accordance with Rule 56 or 57 of Post Office Life Insurance Rules-2011, as the case may be, in casethe policyholder fails to pay the premium/ premia that has/ have become due against his/ her policy within the period of grace.

6.

REINSTATEMENT OF POLICY: In the event this policy become void under Rule 56 and the policyholder desiring automatic reinstatement of his/ her policy within a periodnot later than six months from the date of first unpaid premium had become due in respect of this policy or in the event the policy becomes inactive under Rule 57 andpolicyholder desiring automatic reinstatement of his/ her policy within a period not later than 12 months from the date the first unpaid premium had become due inrespect of this policy, he/ she may deposit all the arrears of premium/ premia up to date of payment along with interest thereon at the prescribed rates in any PostOffice alongwith declaration of good health.

7.

REVIVAL OF DISCONTINUED POLICY: In the case policy has lapsed or become void and is time barred for automatic reinstatement, the main policyholder may apply forrevival of this policy to the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office) before the policy hasmatured. Such revival will be subject to payment, within a date to be specified by the Postmaster General/ Head of Division/ Postmaster of the nearest CentralProcessing Centre (GPO/ Head Post Office) of all the arrears of premia with interest thereon at the rates prescribed by the Director General of Posts and further subjectto production of certificate from an Authorized Medical Examiner in the prescribed proforma certifying that the life assured is insurable having regard to the insurantshealth and habits and of evidence to show that there has been no adverse change in his/ her personal or family history or his/ her occupation and also a certificate fromhis/ her employer, if employed, certifying that the policy holder had not taken any leave on medical grounds during the last one year, or during the period from the datethe first unpaid premium had become due in respect of such policy, whichever is least. The policy shall not be treated as revived unless the Postmaster General/ Head ofDivision/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office) is satisfied and has permitted such revival in writing.

8.

RESTRICTION ON REINSTATEMENT OR REVIVAL: Policy may be reinstated any number of times during the entire term of the policy. However, the revival of policy underRule 58 shall not be allowed on more than two occasions during the entire term of policy, which will, however, not include the relaxations under Rule 56(3) and/ or Rule57(3) for reinstatement.

9.

FORFEITURE IN CERTAIN EVENTS: The policy shall be void and the payments made by the insurant shall be forfeited, if the statement contained in the proposal anddeclaration made therein are found to be untrue.

10.

11. AVIATION: If the death of the insured arise either directly or indirectly as a result of aviation otherwise than as a fare paying passenger in an aircraft authorized toundertake public transport or as a servant of Government of India in the Indian Navy or Air Force, only the surrender value acquired by the policy will be payable underthe policy provided that the surrender value will be paid only if 3 years premia have been paid on the policy and the policy is of not less than 3 years duration.SUICIDE: In the event the insured commits suicide any time from the date of acceptance of the policy but before the second policy anniversary, then the policy will betreated as void and no claim will be entertained in regard to this policy.

12.

LOAN: Loan will be granted on the security of this policy, if the policy has been in force for at least 3 years, and is otherwise unencumbered. The maximum admissibleamount of loan will be 90% of surrender value of the policy which will be subject to the condition that amount of loan should not become less than `1000/-. Subsequentloans are also permissible subject to fulfilling conditions prescribed. The insurant has to pay half yearly interest at the rate prescribed by due date. If interest is not paidon the due date, it will be added to the outstanding amount of loan and usual interest charged thereon. In the event of any three defaults in the payment of half yearlyinterest, the Competent Authority will be entitled to surrender the policy and to apply the surrender value in payment of the said loan and interest.

13.

14. SURRENDER VALUE: If this policy has been in force for atleast 3 years, it can be surrendered for payment on reduced sum assured upto the date for which premiumshave been paid. However, no bonus shall be admissible before completion of 5 years of the policy. Besides, no bonus will be paid on the policy with effect from the dateof discontinuance of premia. Surrender Value amount will be less compared to premia paid depending on duration of policy.

15. FREE LOOK PERIOD: The policyholder may get the policy cancelled within 15 days from the date of delivery at the given address. On such cancellation premium paid bythe policyholder will be refunded after deducting medical charges, if any, and proportionate premium till the date of application of cancellation.INTIMATION OF CHANGE OF ADDRESS: The policyholder is advised in his/ her interest to keep the Postmaster General/ Head of Division/ Postmaster of the nearestCentral Processing Centre (GPO/ Head Post Office) informed of change of address and/ or his contact number.

16.

LIMITS IN DEATH CLAIM: If this policy has been taken under non-medical scheme and death of the insured occurs before completion of one year or after one year butbefore completion of two years or after two years but before completion of three year(s) from the date of acceptance, then only 35% or 60% or 90% of sum assured, asthe case may be, alongwith bonus accrued shall be payable to the nominee(s)/ legal heir(s).

17.

LIABILITY OF DEPARTMENT IN SETTLEMENT OF CLAIM: The Department will not be liable for payment of interest for delay on amount of any type of claim/ benefit ifinsurant has not preferred claim on due date.

18.

Rural Postal Life InsuranceTerms of Contract

In the event an insured advised a lower age than his correct age and was paying a premium lower than that required for continuance of the policy depending on hiscorrect age than such policy will be declared to be void and no benefit will be payable under this policy. However, Chief Postmaster General of the Circle where thepolicy stands or any other officer authorized by Department of Posts in this behalf, at his absolute discretion may allow the insured to continue to pay premium basedon correct age from current date provided that any short fall in the premium already paid accumulated with interest at a rate of 12% per annum for the period betweenthe dates of payments of such premium and the date of payment of correct premium if paid as single lump sum by the specified date or; alternatively, he may beallowed to continue to pay the correct premium from current date and short fall of the premium already paid accumulated @ 12% per annum for the period betweenthe dates of payment of such premium and last premium payable may be deducted from the settlement amount at the time of settlement of claim. Further, in anyevent if it is found that depending on his/ her correct age, the policy could not have been issued then this policy will be treated as void and no payment will be made.

2.3

3.

1. APPLICATION OF RULES: This policy is issued subject to the provisions in the Post Office Life Insurance Rules-2011 and any amendments made to the said Rules from time to time.

PROOF OF AGE

3. NOMINATION / ASSIGNMENT: The insured is advised to nominate the person(s) to whom the claim amount shall be payable in the event of his/ her death except policies takenunder MWPA 1874. In the case of minor nominees, name and consent of the appointee (Guardian) who may receive the said amount on behalf of the minor must be given. In theevent of death of the nominee before the death of the insurant, or change in nomination, the same must be got registered by the Postmaster General/ Head of Division/ Postmasterof the nearest Central Processing Centre (GPO/ Head Post Office). Policy can be assigned against advance of loan. After the loan is repaid, policy can be reassigned to thepolicyholder/ nominee. No assignment/ reassignment will be valid until a notice in writing of the assignment/ reassignment has been delivered to the Postmaster General/ Head ofDivision/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office).

4. PAYMENT OF PREMIUM: The policyholder can pay his/ her premia at any Post Office in India or make online payment of premia due through the authorized website of theDepartment of Posts.

5. DUE DATE OF PAYMENT OF PREMIA: The premium shall be paid in advance on the first day of each month. However, grace period is allowed upto the last working day of the month.

6. LAPSING OF POLICY: The policy shall be treated as void or lapsed in accordance with Rule 56 or 57 of Post Office Life Insurance Rules-2011, as the case may be, in case thepolicyholder fails to pay the premium/ premia that has/ have become due against his/ her policy within the period of grace.

7. REINSTATEMENT OF POLICY: In the event this policy become void under Rule 56 and the policyholder desiring automatic reinstatement of his/ her policy within a period not laterthan six months from the date of first unpaid premium had become due in respect of this policy or in the event the policy becomes inactive under Rule 57 and policyholder desiringautomatic reinstatement of his/ her policy within a period not later than 12 months from the date the first unpaid premium had become due in respect of this policy, he/ she maydeposit all the arrears of premium/ premia up to date of payment along with interest thereon at the prescribed rates in any Post Office alongwith declaration of good health.

8. REVIVAL OF DISCONTINUED POLICY: In the case policy has lapsed or become void and is time barred for automatic reinstatement, the main policyholder may apply for revival of thispolicy to the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office). before the policy has matured. Such revival will besubject to payment, within a date to be specified by the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office). of allthe arrears of premia with interest thereon at the rates prescribed by the Director General of Posts and further subject to production of certificate from an Authorized MedicalExaminer in the prescribed proforma certifying that the life assured is insurable having regard to the insurants health and habits and of evidence to show that there has been noadverse change in his/ her personal or family history or his/ her occupation and also a certificate from his/ her employer, if employed, certifying that the policy holder had not takenany leave on medical grounds during the last one year, or during the period from the date the first unpaid premium had become due in respect of such policy, whichever is least. Thepolicy shall not be treated as revived unless the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office). is satisfied andhas permitted such revival in writing.

9. RESTRICTION ON REINSTATEMENT OR REVIVAL: Policy may be reinstated any number of times during the entire term of the policy. However, the revival of policy under Rule 58 shallnot be allowed on more than two occasions during the entire term of policy, which will, however, not include the relaxations under Rule 56(3) and/ or Rule 57(3) for reinstatement.

10. FORFEITURE IN CERTAIN EVENTS: The policy shall be void and the payments made by the insurant shall be forfeited, if the statement contained in the proposal and declaration madetherein are found to be untrue.

11. AVIATION: If the death of the insured arise either directly or indirectly as a result of aviation otherwise than as a fare paying passenger in an aircraft authorized to undertake publictransport or as a servant of Government of India in the Indian Navy or Air Force, only the surrender value acquired by the policy will be payable under the policy provided that thesurrender value will be paid only if 3 years premia have been paid on the policy and the policy is of not less than 3 years duration.

12. SUICIDE: In the event the insured commits suicide any time from the date of acceptance of the policy but before the second policy anniversary, then the policy will be treated as voidand no claim will be entertained in regard to this policy.

13. LOAN: Loan will be granted on the security of this policy, if the policy has been in force for at least 4 years, and is otherwise unencumbered. The maximum admissible amount ofloan will be 90% of surrender value of the policy which will be subject to the condition that amount of loan should not become less than `1000/-. Subsequent loans are alsopermissible subject to fulfilling conditions prescribed. The insurant has to pay half yearly interest at the rate prescribed by due date. If interest is not paid on the due date, it will beadded to the outstanding amount of loan and usual interest charged thereon. In the event of any three defaults in the payment of half yearly interest, the Competent Authority willbe entitled to surrender the policy and to apply the surrender value in payment of the said loan and interest.

14. SURRENDER VALUE: If this policy has been in force for atleast 3 years, it can be surrendered for payment on reduced sum assured upto the date for which premiums have been paid.However, no bonus shall be admissible before completion of 5 years of the policy. Besides, no bonus will be paid on the policy with effect from the date of discontinuance of premia.Surrender Value amount will be less compared to premia paid depending on duration of policy.

15.

In the event an insured advised a lower age than his correct age and was paying a premium lower than that required for continuance of the policy depending on his correct age thansuch policy will be declared to be void and no benefit will be payable under this policy. However, Chief Postmaster General of the Circle where the policy stands or any other officerauthorized by Department of Posts in this behalf, at his absolute discretion may allow the insured to continue to pay premium based on correct age from current date provided thatany short fall in the premium already paid accumulated with interest at a rate of 12% per annum for the period between the dates of payments of such premium and the date ofpayment of correct premium if paid as single lump sum by the specified date or; alternatively, he may be allowed to continue to pay the correct premium from current date andshort fall of the premium already paid accumulated @ 12% per annum for the period between the dates of payment of such premium and last premium payable may be deductedfrom the settlement amount at the time of settlement of claim. Further, in any event if it is found that depending on his/ her correct age, the policy could not have been issued thenthis policy will be treated as void and no payment will be made.

2.2

2.3

In the event it is established that the age advised by insured was higher than the correct age of the insured i.e. he was paying premium higher than the premium warranted by his/her correct age, he/ she may be allowed to pay correct premium from current date. However, no refund will be made for any excess premium already paid.

2.1 The onus of providing correct age will rest with insured. Insured person should provide such proof of age so that premium can be based on correct age.

INTIMATION OF CHANGE OF ADDRESS : The policyholder is advised in his/ her interest to keep the Postmaster General/ Head of Division/ Postmaster of the nearest CentralProcessing Centre (GPO/ Head Post Office) informed of change of address and/ or his contact number.

Terms of ContractRural Postal Life Insurance

FREE LOOK PERIOD: The policyholder may get the policy cancelled within 15 days from the date of delivery at the given address. On such cancellation premium paid by thepolicyholder will be refunded after deducting medical charges, if any, and proportionate premium till the date of application of cancellation.

LIABILITY OF DEPARTMENT IN SETTLEMENT OF CLAIM: The Department will not be liable for payment of interest for delay on amount of any type of claim/ benefit if insurant has notpreferred claim on due date.

16.

17.

3.

14.

5.

8.

PAYMENT OF PREMIUM: The policyholder can pay his/ her premia at any Post Office in India or make online payment of premia due through the authorized website of theDepartment of Posts.

RESTRICTION ON REINSTATEMENT OR REVIVAL: Policy may be reinstated any number of times during the entire term of the policy. However, the revival of policy under Rule 58shall not be allowed on more than two occasions during the entire term of policy, which will, however, not include the relaxations under Rule 56(3) and/ or Rule 57(3) forreinstatement.

FORFEITURE IN CERTAIN EVENTS: The policy shall be void and the payments made by the insurant shall be forfeited, if the statement contained in the proposal and declarationmade therein are found to be untrue.

2.3

2.2

SUICIDE: In the event the insured commits suicide any time from the date of acceptance of the policy but before the second policy anniversary, then the policy will be treated asvoid and no claim will be entertained in regard to this policy.

LOAN: Loan will be granted on the security of this policy, if the policy has been in force for at least 4 years, and is otherwise unencumbered. The maximum admissible amount ofloan will be 90% of surrender value of the policy which will be subject to the condition that amount of loan should not become less than `1000/-. Subsequent loans are alsopermissible subject to fulfilling conditions prescribed. The insurant has to pay half yearly interest at the rate prescribed by due date. If interest is not paid on the due date, it will beadded to the outstanding amount of loan and usual interest charged thereon. In the event of any three defaults in the payment of half yearly interest, the Competent Authoritywill be entitled to surrender the policy and to apply the surrender value in payment of the said loan and interest.

16.

4.

REVIVAL OF DISCONTINUED POLICY: In the case policy has lapsed or become void and is time barred for automatic reinstatement, the main policyholder may apply for revival ofthis policy to the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office) before the policy has matured. Such revivalwill be subject to payment, within a date to be specified by the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office)of all the arrears of premia with interest thereon at the rates prescribed by the Director General of Posts and further subject to production of certificate from an AuthorizedMedical Examiner in the prescribed proforma certifying that the life assured is insurable having regard to the insurants health and habits and of evidence to show that there hasbeen no adverse change in his/ her personal or family history or his/ her occupation and also a certificate from his/ her employer, if employed, certifying that the policy holder hadnot taken any leave on medical grounds during the last one year, or during the period from the date the first unpaid premium had become due in respect of such policy, whicheveris least. The policy shall not be treated as revived unless the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office) issatisfied and has permitted such revival in writing.

DUE DATE OF PAYMENT OF PREMIA: The premium shall be paid in advance on the first day of each month. However, grace period is allowed upto the last working day of themonth.

12.

PROOF OF AGE:

NOMINATION / ASSIGNMENT: The insured is advised to nominate the person(s) to whom the claim amount shall be payable in the event of his/ her death except policies takenunder MWPA 1874. In the case of minor nominees, name and consent of the appointee (Guardian) who may receive the said amount on behalf of the minor must be given. In theevent of death of the nominee before the death of the insurant, or change in nomination, the same must be got registered by the Postmaster General/ Head of Division/Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office). Policy can be assigned against advance of loan. After the loan is repaid, policy can be reassigned tothe policyholder/ nominee. No assignment/ reassignment will be valid until a notice in writing of the assignment/ reassignment has been delivered to the Postmaster General/Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office).

In the event it is established that the age advised by insured was higher than the correct age of the insured i.e. he was paying premium higher than the premium warranted by his/her correct age, he/ she may be allowed to pay correct premium from current date. However, no refund will be made for any excess premium already paid.

7.

INTIMATION OF CHANGE OF ADDRESS: The policyholder is advised in his/ her interest to keep the Postmaster General/ Head of Division/ Postmaster of the nearest CentralProcessing Centre (GPO/ Head Post Office) informed of change of address and/ or his contact number.

10.

REINSTATEMENT OF POLICY: In the event this policy become void under Rule 56 and the policyholder desiring automatic reinstatement of his/ her policy within a period not laterthan six months from the date of first unpaid premium had become due in respect of this policy or in the event the policy becomes inactive under Rule 57 and policyholder desiringautomatic reinstatement of his/ her policy within a period not later than 12 months from the date the first unpaid premium had become due in respect of this policy, he/ she maydeposit all the arrears of premium/ premia up to date of payment along with interest thereon at the prescribed rates in any Post Office alongwith declaration of good health.

The onus of providing correct age will rest with insured. Insured person should provide such proof of age so that premium can be based on correct age.

SURRENDER VALUE: If this policy has been in force for atleast 3 years, it can be surrendered for payment on reduced sum assured upto the date for which premiums have beenpaid. However, no bonus shall be admissible before completion of 5 years of the policy. Besides, no bonus will be paid on the policy with effect from the date of discontinuance ofpremia. Surrender Value amount will be less compared to premia paid depending on duration of policy.

APPLICATION OF RULES: This policy is issued subject to the provisions in the Post Office Life Insurance Rules-2011 and any amendments made to the said Rules from time to time.

In the event an insured advised a lower age than his correct age and was paying a premium lower than that required for continuance of the policy depending on his correct agethan such policy will be declared to be void and no benefit will be payable under this policy. However, Chief Postmaster General of the Circle where the policy stands or any otherofficer authorized by Department of Posts in this behalf, at his absolute discretion may allow the insured to continue to pay premium based on correct age from current dateprovided that any short fall in the premium already paid accumulated with interest at a rate of 12% per annum for the period between the dates of payments of such premium andthe date of payment of correct premium if paid as single lump sum by the specified date or; alternatively, he may be allowed to continue to pay the correct premium from currentdate and short fall of the premium already paid accumulated @ 12% per annum for the period between the dates of payment of such premium and last premium payable may bededucted from the settlement amount at the time of settlement of claim. Further, in any event if it is found that depending on his/ her correct age, the policy could not have beenissued then this policy will be treated as void and no payment will be made.

1.

2.12.

LAPSING OF POLICY: The policy shall be treated as void or lapsed in accordance with Rule 56 or 57 of Post Office Life Insurance Rules-2011, as the case may be, in case thepolicyholder fails to pay the premium/ premia that has/ have become due against his/ her policy within the period of grace.

9.

6.

13.

11. AVIATION: If the death of the insured arise either directly or indirectly as a result of aviation otherwise than as a fare paying passenger in an aircraft authorized to undertake publictransport or as a servant of Government of India in the Indian Navy or Air Force, only the surrender value acquired by the policy will be payable under the policy provided that thesurrender value will be paid only if 3 years premia have been paid on the policy and the policy is of not less than 3 years duration.

FREE LOOK PERIOD: The policyholder may get the policy cancelled within 15 days from the date of delivery at the given address. On such cancellation premium paid by thepolicyholder will be refunded after deducting medical charges, if any, and proportionate premium till the date of application of cancellation.

LIABILITY OF DEPARTMENT IN SETTLEMENT OF CLAIM: The Department will not be liable for payment of interest for delay on amount of any type of claim/ benefit if insurant hasnot preferred claim on due date.

17.

15.

Terms of ContractRural Postal Life Insurance

1. APPLICATION OF RULES: This policy is issued subject to the provisions in the Post Office Life Insurance Rules-2011 and any amendments made to the saidRules from time to time.

2.

3. NOMINATION / ASSIGNMENT: The insured is advised to nominate the person(s) to whom the claim amount shall be payable in the event of his/ her deathexcept policies taken under MWPA 1874. In the case of minor nominees, name and consent of the appointee (Guardian) who may receive the said amounton behalf of the minor must be given. In the event of death of the nominee before the death of the insurant, or change in nomination, the same must be gotregistered by the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office). Policy can be assignedagainst advance of loan. After the loan is repaid, policy can be reassigned to the policyholder/ nominee. No assignment/ reassignment will be valid until anotice in writing of the assignment/ reassignment has been delivered to the Postmaster General/ Head of Division/ Postmaster of the nearest CentralProcessing Centre (GPO/ Head Post Office).

4. PAYMENT OF PREMIUM: The policyholder can pay his/ her premia at any Post Office in India or make online payment of premia due through the authorizedwebsite of the Department of Posts.

5. DUE DATE OF PAYMENT OF PREMIA: The premium shall be paid in advance on the first day of each month. However, grace period is allowed upto the lastworking day of the month.

6. LAPSING OF POLICY: The policy shall be treated as void or lapsed in accordance with Rule 56 or 57 of Post Office Life Insurance Rules-2011, as the case maybe, in case the policyholder fails to pay the premium/ premia that has/ have become due against his/ her policy within the period of grace.

7. REINSTATEMENT OF POLICY: In the event this policy become void under Rule 56 and the policyholder desiring automatic reinstatement of his/ her policywithin a period not later than six months from the date of first unpaid premium had become due in respect of this policy or in the event the policy becomesinactive under Rule 57 and policyholder desiring automatic reinstatement of his/ her policy within a period not later than 12 months from the date the firstunpaid premium had become due in respect of this policy, he/ she may deposit all the arrears of premium/ premia up to date of payment along with interestthereon at the prescribed rates in any Post Office alongwith declaration of good health.

8. REVIVAL OF DISCONTINUED POLICY: In the case policy has lapsed or become void and is time barred for automatic reinstatement, the main policyholder mayapply for revival of this policy to the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office)before the policy has matured. Such revival will be subject to payment, within a date to be specified by the Postmaster General/ Head of Division/Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office) of all the arrears of premia with interest thereon at the rates prescribed by theDirector General of Posts and further subject to production of certificate from an Authorized Medical Examiner in the prescribed proforma certifying that thelife assured is insurable having regard to the insurants health and habits and of evidence to show that there has been no adverse change in his/ her personalor family history or his/ her occupation and also a certificate from his/ her employer, if employed, certifying that the policy holder had not taken any leaveon medical grounds during the last one year, or during the period from the date the first unpaid premium had become due in respect of such policy,whichever is least. The policy shall not be treated as revived unless the Postmaster General/ Head of Division/ Postmaster of the nearest Central ProcessingCentre (GPO/ Head Post Office) is satisfied and has permitted such revival in writing.

9. RESTRICTIONS ON REINSTATEMENT OR REVIVAL: Policy may be reinstated any number of times during the entire term of the policy. However, the revival ofpolicy under Rule 58 shall not be allowed on more than two occasions during the entire term of policy, which will, however, not include the relaxationsunder Rule 56(3) and/ or Rule 57(3) for reinstatement.

10. FORFEITURE IN CERTAIN EVENTS: The policy shall be void and the payments made by the insurant shall be forfeited, if the statement contained in theproposal and declaration made therein are found to be untrue.

11. AVIATION: If the death of the insured arise either directly or indirectly as a result of aviation otherwise than as a fare paying passenger in an aircraftauthorized to undertake public transport or as a servant of Government of India in the Indian Navy or Air Force, only the surrender value acquired by thepolicy will be payable under the policy provided that the surrender value will be paid only if 3 years premia have been paid on the policy and the policy is ofnot less than 3 years duration.

12. SUICIDE: In the event the insured commits suicide any time from the date of acceptance of the policy but before the second policy anniversary, then thepolicy will be treated as void and no claim will be entertained in regard to this policy.

13. LOAN : No loan will be granted on the security of this policy.14. SURRENDER/PAID UP VALUE: This policy cannot be surrendered. However, it can be made paid up, provided premiums have been paid for not less than

three years, and the reduced paid up assurance will be granted only at the date of maturity, that is at the end of stipulated plan term or on death of lifeassured, and no further periodical payments on account of survival benefit will be paid.

15.

In the event an insured advised a lower age than his correct age and was paying a premium lower than that required for continuance of the policy dependingon his correct age than such policy will be declared to be void and no benefit will be payable under this policy. However, Chief Postmaster General of theCircle where the policy stands or any other officer authorized by Department of Posts in this behalf, at his absolute discretion may allow the insured tocontinue to pay premium based on correct age from current date provided that any short fall in the premium already paid accumulated with interest at arate of 12% per annum for the period between the dates of payments of such premium and the date of payment of correct premium if paid as single lumpsum by the specified date or; alternatively, he may be allowed to continue to pay the correct premium from current date and short fall of the premiumalready paid accumulated @ 12% per annum for the period between the dates of payment of such premium and last premium payable may be deductedfrom the settlement amount at the time of settlement of claim. Further, in any event if it is found that depending on his/ her correct age, the policy couldnot have been issued then this policy will be treated as void and no payment will be made.

2.2

2.3

In the event it is established that the age advised by insured was higher than the correct age of the insured i.e. he was paying premium higher than thepremium warranted by his/ her correct age, he/ she may be allowed to pay correct premium from current date. However, no refund will be made for anyexcess premium already paid.

2.1 The onus of providing correct age will rest with insured. Insured person should provide such proof of age so that premium can be based on correct age.

INTIMATION OF CHANGE OF ADDRESS: The policyholder is advised in his/ her interest to keep the Postmaster General/ Head of Division/ Postmaster of thenearest Central Processing Centre (GPO/ Head Post Office) informed of change of address and/ or his contact number.

FREE LOOK PERIOD: The policyholder may get the policy cancelled within 15 days from the date of delivery at the given address. On such cancellationpremium paid by the policyholder will be refunded after deducting medical charges, if any, and proportionate premium till the date of application ofcancellation.

LIABILITY OF DEPARTMENT IN SETTLEMENT OF CLAIM: The Department will not be liable for payment of interest for delay on amount of any type of claim/benefit if insurant has not preferred claim on due date.

Terms of ContractRural Postal Life Insurance

16.

17.

PROOF OF AGE:

APPLICATION OF RULES: This policy is issued subject to the provisions in the Post Office Life Insurance Rules-2011 and any amendments made to the saidRules from time to time.

2. PROOF OF AGE:2.1 The onus of providing correct age will rest with insured. Insured person should provide such proof of age so that premium can be based on correct age.

In the event it is established that the age advised by insured was higher than the correct age of the insured i.e. he was paying premium higher than thepremium warranted by his/ her correct age, he/ she may be allowed to pay correct premium from current date. However, no refund will be made for anyexcess premium already paid.

2.2

In the event an insured advised a lower age than his correct age and was paying a premium lower than that required for continuance of the policy dependingon his correct age than such policy will be declared to be void and no benefit will be payable under this policy. However, Chief Postmaster General of theCircle where the policy stands or any other officer authorized by Department of Posts in this behalf, at his absolute discretion may allow the insured tocontinue to pay premium based on correct age from current date provided that any short fall in the premium already paid accumulated with interest at arate of 12% per annum for the period between the dates of payments of such premium and the date of payment of correct premium if paid as single lumpsum by the specified date or; alternatively, he may be allowed to continue to pay the correct premium from current date and short fall of the premiumalready paid accumulated @ 12% per annum for the period between the dates of payment of such premium and last premium payable may be deductedfrom the settlement amount at the time of settlement of claim. Further, in any event if it is found that depending on his/ her correct age, the policy couldnot have been issued then this policy will be treated as void and no payment will be made.

2.3

3. NOMINATION/ ASSIGNMENT: The insured is advised to nominate the person(s) to whom the claim amount shall be payable in the event of his/ her deathexcept policies taken under MWPA 1874. In the case of minor nominees, name and consent of the appointee (Guardian) who may receive the said amounton behalf of the minor must be given. In the event of death of the nominee before the death of the insurant, or change in nomination, the same must be gotregistered by the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office). Policy can be assignedagainst advance of loan. After the loan is repaid, policy can be reassigned to the policyholder/ nominee. No assignment/ reassignment will be valid until anotice in writing of the assignment/ reassignment has been delivered to the Postmaster General/ Head of Division/ Postmaster of the nearest CentralProcessing Centre (GPO/ Head Post Office).

4. PAYMENT OF PREMIUM: The policyholder can pay his/ her premia at any Post Office in India or make online payment of premia due through the authorizedwebsite of the Department of Posts.

5. DUE DATE OF PAYMENT OF PREMIA: The premium shall be paid in advance on the first day of each month. However, grace period is allowed upto the lastworking day of the month.

6.

REINSTATEMENT OF POLICY: In the event this policy become void under Rule 56 and the policyholder desiring automatic reinstatement of his/ her policywithin a period not later than six months from the date of first unpaid premium had become due in respect of this policy or in the event the policy becomesinactive under Rule 57 and policyholder desiring automatic reinstatement of his/ her policy within a period not later than 12 months from the date the firstunpaid premium had become due in respect of this policy, he/ she may deposit all the arrears of premium/ premia up to date of payment along with interestthereon at the prescribed rates in any Post Office alongwith declaration of good health.

7.

REVIVAL OF DISCONTINUED POLICY: In the case policy has lapsed or become void and is time barred for automatic reinstatement, the main policyholder mayapply for revival of this policy to the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office)before the policy has matured. Such revival will be subject to payment, within a date to be specified by the Postmaster General/ Head of Division/Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office) of all the arrears of premia with interest thereon at the rates prescribed by theDirector General of Posts and further subject to production of certificate from an Authorized Medical Examiner in the prescribed proforma certifying that thelife assured is insurable having regard to the insurants health and habits and of evidence to show that there has been no adverse change in his/ her personalor family history or his/ her occupation and also a certificate from his/ her employer, if employed, certifying that the policy holder had not taken any leaveon medical grounds during the last one year, or during the period from the date the first unpaid premium had become due in respect of such policy,whichever is least. The policy shall not be treated as revived unless the Postmaster General/ Head of Division/ Postmaster of the nearest Central ProcessingCentre (GPO/ Head Post Office) is satisfied and has permitted such revival in writing.

8.

RESTRICTION ON REINSTATEMENT OR REVIVAL: Policy may be reinstated any number of times during the entire term of the policy. However, the revival ofpolicy under Rule 58 shall not be allowed on more than two occasions during the entire term of policy, which will, however, not include the relaxationsunder Rule 56(3) and/ or Rule 57(3) for reinstatement.

9.

FORFEITURE IN CERTAIN EVENTS: The policy shall be void and the payments made by the insurant shall be forfeited, if the statement contained in theproposal and declaration made therein are found to be untrue.

10.

11. AVIATION: If the death of the insured arise either directly or indirectly as a result of aviation otherwise than as a fare paying passenger in an aircraftauthorized to undertake public transport or as a servant of Government of India in the Indian Navy or Air Force, only the surrender value acquired by thepolicy will be payable under the policy provided that the surrender value will be paid only if 3 years premia have been paid on the policy and the policy is ofnot less than 3 years duration.

LOAN: No loan will be granted on the security of this policy.SURRENDER/ PAID UP VALUE: This policy cannot be surrendered. However, it can be made paid up, provided premiums have been paid for not less thanthree years, and the reduced paid up assurance will be granted only at the date of maturity, that is at the end of stipulated plan term or on death of lifeassured, and no further periodical payments on account of survival benefit will be paid.

12.

13.

FREE LOOK PERIOD: The policyholder may get the policy cancelled within 15 days from the date of delivery at the given address. On such cancellationpremium paid by the policyholder will be refunded after deducting medical charges, if any, and proportionate premium till the date of application ofcancellation.

15.

1.

LAPSING OF POLICY: The policy shall be treated as void or lapsed in accordance with Rule 56 or 57 of Post Office Life Insurance Rules-2011, as the case maybe, in case the policyholder fails to pay the premium/ premia that has/ have become due against his/ her policy within the period of grace.

SUICIDE: In the event the insured commits suicide any time from the date of acceptance of the policy but before the second policy anniversary, then thepolicy will be treated as void and no claim will be entertained in regard to this policy.

14.

INTIMATION OF CHANGE OF ADDRESS: The policyholder is advised in his/ her interest to keep the Postmaster General/ Head of Division/ Postmaster of thenearest Central Processing Centre (GPO/ Head Post Office) informed of change of address and/ or his contact number.

16.

17. RELIEF FOR NATURAL CALAMITIES: In case the insurant is unable to pay the premia against his/ her policy as a direct consequence of a natural calamity suchas floods, droughts or earthquake in the area in which the insurant has permanent residence as declared by him/ her in the proposal form, no interest/ fineshall be charged in respect of such arrears on premium accrued & subsequently paid upto a period of 12 months from the date of occurrence of suchcalamity provided the same is certified by the prescribed authority. During the said period, the policy shall not be treated as lapsed.

18. LIABILITY OF DEPARTMENT IN SETTLEMENT OF CLAIM: The Department will not be liable for payment of interest for delay on amount of any type of claim/benefit if insurant has not preferred claim on due date.

Terms of ContractRural Postal Life Insurance

1. APPLICATION OF RULES : This policy is issued subject to the provisions in the Post Office Life Insurance Rules-2011 and any amendments made to the saidRules from time to time.

2.

3. NOMINATION / ASSIGNMENT : This is an add-on policy and parent (main policyholder) of the child shall be the nominee of the policy. However, this policycan be assigned against advance of loan. After the loan is repaid, policy can be reassigned to the policyholder/ nominee. No assignment/ reassignment willbe valid until a notice in writing of the assignment/ reassignment has been delivered to the Postmaster of the nearest Central Processing Centre (GPO/ HeadPost Office).

4. PAYMENT OF PREMIUM: The policyholder can pay his/ her premia at any Post Office in India or make online payment of premia due through the authorizedwebsite of the Department of Posts.

5. DUE DATE OF PAYMENT OF PREMIA: The premium shall be paid in advance on the first day of each month. However, grace period is allowed upto the lastworking day of the month.

6. LAPSING OF POLICY : The policy shall be treated as void or lapsed in accordance with Rule 56 or 57 of Post Office Life Insurance Rules-2011, as the case maybe, in case the policyholder fails to pay the premium/ premia that has/ have become due against his/ her policy within the period of grace.MAXIMUM AGE OF PARENT : The parent (main policyholder) should not be aged 45 years or above.

8. This policy shall attract Bonus at the rate of Endowment Policy.9.

RESTRICTION ON REINSTATEMENT OR REVIVAL: Policy may be reinstated any number of times during the entire term of the policy. However, the revival ofpolicy under Rule 58 shall not be allowed on more than two occasions during the entire term of policy, which will, however, not include the relaxationsunder Rule 56(3) and/ or Rule 57(3) for reinstatement.

10.

FORFEITURE IN CERTAIN EVENTS : The policy shall be void and the payments made by the insurant shall be forfeited, if the statement contained in theproposal and declaration made therein are found to be untrue.

11.

SUICIDE : In the event the insured commits suicide any time from the date of acceptance of the policy but before the second policy anniversary, then thepolicy will be treated as void and no claim will be entertained in regard to this policy.

13.

LOAN : No loan will be granted on the security of this policy by the Department.15.

INTIMATION OF CHANGE OF ADDRESS : The policyholder is advised in his/ her interest to keep the Postmaster General/ Head of Division/ Postmaster of thenearest Central Processing Centre (GPO/ Head Post Office) informed of change of address and/ or his/ her contact number.

2.1 The onus of providing correct age will rest with insured. Insured person should provide such proof of age so that premium can be based on correct age.2.2 In the event it is established that the age advised by insured was higher than the correct age of the insured i.e. he was paying premium higher than the

premium warranted by his/ her correct age, he/ she may be allowed to pay correct premium from current date. However, no refund will be made for anyexcess premium already paid.

2.3 In the event an insured advised a lower age than his correct age and was paying a premium lower than that required for continuance of the policy dependingon his correct age than such policy will be declared to be void and no benefit will be payable under this policy. However, Chief Postmaster General of theCircle where the policy stands or any other officer authorized by Department of Posts in this behalf, at his absolute discretion may allow the insured tocontinue to pay premium based on correct age from current date provided that any short fall in the premium already paid accumulated with interest at arate of 12% per annum for the period between the dates of payments of such premium and the date of payment of correct premium if paid as single lumpsum by the specified date or; alternatively, he may be allowed to continue to pay the correct premium from current date and short fall of the premiumalready paid accumulated @ 12% per annum for the period between the dates of payment of such premium and last premium payable may be deductedfrom the settlement amount at the time of settlement of claim. Further, in any event if it is found that depending on his/ her correct age, the policy couldnot have been issued then this policy will be treated as void and no payment will be made.

BONUS :REINSTATEMENT OF POLICY: In the event this policy become void under Rule 56 and the policyholder desiring automatic reinstatement of his/ her policywithin a period not later than six months from the date of first unpaid premium had become due in respect of this policy or in the event the policy becomesinactive under Rule 57 and policyholder desiring automatic reinstatement of his/ her policy within a period not later than 12 months from the date the firstunpaid premium had become due in respect of this policy, he/ she may deposit all the arrears of premium/ premia up to date of payment along with interestthereon at the prescribed rates in any Post Office alongwith declaration of good health.REVIVAL OF DISCONTINUED POLICY: In the case policy has lapsed or become void and is time barred for automatic reinstatement, the main policyholder mayapply for revival of this policy to the Postmaster General/ Head of Division/ Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office)before the policy has matured. Such revival will be subject to payment, within a date to be specified by the Postmaster General/ Head of Division/Postmaster of the nearest Central Processing Centre (GPO/ Head Post Office) of all the arrears of premia with interest thereon at the rates prescribed by theDirector General of Posts and further subject to production of certificate from an Authorized Medical Examiner in the prescribed proforma certifying that thelife assured is insurable having regard to the insurants health and habits and of evidence to show that there has been no adverse change in his/ her personalor family history or his/ her occupation and also a certificate from his/ her employer, if employed, certifying that the policy holder had not taken any leaveon medical grounds during the last one year, or during the period from the date the first unpaid premium had become due in respect of such policy,whichever is least. The policy shall not be treated as revived unless the Postmaster General/ Head of Division/ Postmaster of the nearest Central ProcessingCentre (GPO/ Head Post Office) is satisfied and has permitted such revival in writing.

FREE LOOK PERIOD: The policyholder may get the policy cancelled within 15 days from the date of delivery at the given address. On such cancellationpremium paid by the policyholder will be refunded after deducting medical charges, if any, and proportionate premium till the date of application ofcancellation.

LIABILITY OF DEPARTMENT IN SETTLEMENT OF CLAIM: The Department will not be liable for payment of interest for delay on amount of any type of claim/benefit if insurant has not preferred claim on due date.

SURRENDER VALUE: This policy cannot be surrendered.16.17.

19.

18.

Rural Postal Life InsuranceTerms of Contract

PROOF OF AGE

7.

12.