OCCUPATIONAL RATINGS

Transcription

1 OCCUPATIONAL RATINGS (Cir: Actl 1921 dt. 17/12/2003, Actl/1946 dt. 25/03/2004, Actl/1992 dt 21/02/2005) Occupational extra is to be charged in respect of persons (male or females) engaged in various occupations as per given list. No occupational extra is to be charged for occupations not mentioned in the list. Rating up Factor for Extra to be charged: Extra mentioned under various occupations are standard extra. The same should be duly rated up under following plans: Plans 815 New Jeevan Anand 838 Jeevan Pragati 816 New Bima Bachat 817 Single Premium Endowment 818- New Jeevan Nidhi, Under Single Premium Rating up Factor for Extra New Money Back 20 years New Money Back 25 years Limited Payment Endowment 9 years : 7.15, 12 years : years : years : 7.75, 15 years : years : years : years : 7.95, 15 years : years : years : PPT/Term 12 yrs 16 yrs 21 yrs 8 yrs yrs Jeevan Labh 16 yrs 1.40, 21 yrs 1.25, 25 yrs , 831 & 837 Refer U & R Circulars 847 and 848 (196 Term 12 years, for Revival) 1.25 (103,168,110 & 121 for revival ) 1.50 ( 88 & 104 for revival ) 2.00 (133 & 105 for revival ) 3.00 All other plans including. Term Rider, C.I. rider & PWB. Under Single Premium and Limited Premium Payment Plan 14 years , 16 years , 18 years , 20 years No Rating Up, as per list only. Equivalent Extra as per premium paying Term ( Cir: Actl/1992 dated 21/02/2005) Prerana - Underwriting Rules Simplified / 99

2 Exclusion Clause 86: As per circular U&R/140 dated 26/08/2016, Exclusion clause has been discontinued, hence policyholders has to pay occupation extra whenever applicable. Amusement & Sports: Occupation Extra %0 SA Horse racing jockeys ( Flat racing) Rs Jockeys ( hurdles), Riding Boys Rs Gentleman Riders, Trainers of horses, Syces Rs Movie Picture Production - Stunt Performers, Cinema Stunt actors and coaches. Polo Players and Instructors Professional Athletes: Bicycle racers, Pugilists,Boxers, Wrestlers, Theatres: Acrobats, trapeze and other aerialists Explorers Refer to CUS Construction: Scaffolder / Steel erector (labourer), Painter ( Exterior) Rs.2.00 Construction - Tunneling: Air Compressor Operator, Civil Engineer, Engineering Geologist, Structural Engineer Dumper Shovel Driver, Foreman (Above Ground), Mechanical Shovel Driver, Winch driver. Conveyor Operator, Foreman (Below ground), Manhole Maker, Power Loader Operator, Roof Bolter, Timberman Borer, Driller, Tunnel miner (No explosives), Tunneller (No explosives) Shotfirer, Tunnel Miner (using explosives),tunnel Miner s Labourer, Tunneller (Using explosives) Rs Rs / Prerana - Underwriting Rules Simplified

3 Climbing & Mountaineering including Guides: Includes all forms of mountaineering and rock climbing and also caving and potholing. Hill climbing / trekking / tramping / abseiling Artificial climbing walls ( ACW climbing ) Mountaineering and rock climbing - Climbers & Guides Everest / K2 Refer to cus Decline Drivers: Public carriers (passenger/goods) with national permit. Manufacture: Acid 1, lead burner working in vats or chambers Rs Explosive & Ammunition -Salvage and reconditioning department employees handling Explosives. Marine Industry: Persons employed in submarines Including war risk Commissioned officer Other Rank Persons employed in submarines Excluding war risk Commissioned officer Other Rank Divers - where period under water exceed 90 minutes with Clause 74 Excluding risk of salvaging Rs-8.00 Rs Rs-5.00 Rs-6.00 Rs-4.00 Merchant Marine : Persons employed on ship carrying oil and other inflammable products. Mines: Employees working for more than 18 hours per week underground ( Only Endowment & whole life plans), underground rescue workers, Short firer in colliery Prerana - Underwriting Rules Simplified / 101

4 Motor cycle sport - Circuit racing : Closed, restricted or national events Engine Capacity Events per annum Ratings < 125 cc 1 to to 30 1 to to 300cc 7 to to to 30 Rs to 6 > 350 cc 7 to 12 Rs to 20 Rs to 30 Rs International Events: Individual case Oil & Natural Gas : Oil and Natural Gas Industry Drilling Assistant, FireFighter, Connecting Mechanic, Crane Operator, Top- man, Rigman, Derrickmen, Roughneck roustabout ( Not handling explosives) Sewers & Sewage Disposals: Labourer & Cleaner, inspector of underground Duties. Steeple Jack Rs Proposals from persons engaged in the following type of sports are to be sent to CUS: Aviation (Private): Includes private and club aviation; a large percentage of private pilots fly with an aviation club. Most of the private and club aviation is undertaken in single-engine monoplanes or helicopters, usually weighing below 2,300 kg (5,070lb). The majority of pilots will hold a private pilot s licence (PPL). The minimum qualification period for a PPL is 45 flying hours and most of the pilots take 2 years to qualify. Some pilots also have additional qualifications. 102 / Prerana - Underwriting Rules Simplified

5 Many private pilots fly a minimum number of hours to maintain their licence and in practice have been shown to give up the sport after around 150 hours of flying experience. Aviation related sports includes : Aerobatic flying, Air racing, Autogyros or gyroplanes, Ballooning, Gliding, Hang-gliding, Microlighting, Paragliding and parascending, Parachuting, Skydiving and sky surfing. Diving - Sports includes : All forms of sports diving-diving as a pastime for enjoyment and pleasure. Depth record attempts, Caves and potholes, internal exploration of wrecks. Diving for treasure or on special expeditions. Motor cycle sport excluding Circuit racing includes: Circuit racing, Drag racing, Hill climbs, Off road racing (Grass track, Motocross, Ice Racing, Sand racing, Trails riding, Quad biking), Record attempts, speedway, sprint events. Veteran and vintage events. Marshals. Motor Sports : The main types of cars used in motor sports are : GT cars, Karting, Mud racing, Single seater, Sports cars, Spo rts Racing cars: Saloon cars. Powerboat Racing : Powerboat racing involves competition between craft usually powered by inboard or outboard combustion engines. Racing categories include : Offshore racing, Sportsboat racing, Hydroplanes and Yatching. Army and Navy Personnel: Risk on the lives of army and navy personnel engaged in military operations in India and abroad is covered without charging extra premium. However, lives of the following four categories will be entertained as per terms and conditions applicable to respective Occupation. i. Those who have an intention or liability to engage themselves in aviation, gliding. Prerana - Underwriting Rules Simplified / 103

6 ii. Those who have undergone training as paratrooper or glider. iii. Those who have already been selected for being engaged in aviation or for being trained as paratrooper or glider. iv. Those who have already been engaged or are likely to be engaged or intend to or are liable to do any work in submarine, minesweeper or mine layer. Aviation Schedule: Civil Aviation Commercial Flying Pilots holding B licence & commercial pilot s licence and air crew. On schedule passenger airlines-for state owned, Private airlines and international airlines On licenced private or company owned planes used for business only, provided landing at the Govt. or public aerodromes only and maintenance service satisfactory Engaged in other non-scheduled commercial flying freight carrying, non-scheduled passenger service, charter and sightseeing flying, photographic work and business type. Engaged in crop-dusting Flight Instructor Test pilots Rs.6.00 Rs Rs.6.00 Rs Rs Special features: High risk plans can be allowed with rated up extra or exclusion clause. Disability benefit with Clause 61, DAB with Clause 85. Clause 11- excluding war and aviation risks. 104 / Prerana - Underwriting Rules Simplified

7 Non Commercial Flying: Pilots holding A licence, Private pilots licence, Flying time 100 hours Pilots under training for A licence/ private pilots licence (reduction in extra may be considered after completion of Training) Technical ground staff who are required to fly as ground technicians: Flying up to 75 hours in a year Flying over 75 hours in a year Rs Rs Rs Service Aviation - Air Force : Rank up to and inclusive of Flying officer, Flight Lieutenants, Squadron Leaders, Wing commanders & Higher ranks. Pilot trainees in Air Force ( After training extra will be reduced to Rs ) Technical Ground staff who are required to fly in the course of their duties: Flying less than 25 hours in a year Flying 25 to 75 hours in a year Others Rs Rs Paratroopers Persons who have undergone training as paratroopers, but not at present attached to paratroop regiments Glider Pilot Regiment Flying Rs Air O.P. Unit Flying Rs Prerana - Underwriting Rules Simplified / 105