The space provided in the schedule of the policy under this
heading is intended to give special conditions or special provisions, if any,
attached to the particular life insurance policy. I reproduce below entry from a policy bond
issued for Jeevan Surabhi Plan:
“The special provisions for (Tables) 106, 107 and 108
in-force policies are given separately or attached on the back hereof.
Policy becoming paid up special provisions if any cease to
apply”.
After the ‘special provisions’ the policy bond is dated and
sealed and authorized signatory of the life insurance company affixes his
signature thus completing the process of acceptance of the proposal. Every life
insurance policy bond is to be stamped according to the Indian Stamp Act.
Key words:
Life insurance
Schedule of policy
Policy bond
Special provisions
Key words:
Life insurance
Schedule of policy
Policy bond
Special provisions
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