LIFE
INSURANCE AND ENDOWMENT ASSURANCE AND OTHER TYPES OF ASSURANCE

Whole
Life Assurance or Endowment Assurance or Convertible Whole Life Assurance The policy can be made effective by making a monthly payment of premium till the
end of selected term or death of the insured person, whichever is earlier, as
specified in Table I15, 19, II15,16,18,19 and III15,17 respectively of these
rules.   

 GUJARAT TEACHER’S RAJANA NIYAMO

In the case of Endowment Assurance, Policy can also be made effective by
making Quarterly/ Half Yearly/ Yearly payment of premium, as per the model opted
by the insurant at the time of proposal, specified in Tables II-A/ II-B/ II-C,
respectively. 

Anticipated Endowment Assurance and Joint Life Assurance can be
made effective by making a monthly payment of premium till the end of the selected
term or death of the insured person, whichever is earlier, as specified in
Table IV15 and Table V4 respectively of these rules. The monthly payment in
respect of Children Policy shall be regulated by Table VI1 of these Rules.

Note;-In every case except that of Anticipated Endowment Assurance and Joint Life
Assurance, the maximum number of monthly premiums payable is twelve times the
difference between the age at entry according to which the premium is charged
and the age at which payments are to cease. In case of Anticipated Endowment
Assurance and Joint Life Assurance, the maximum number of monthly premiums
payable is twelve times the selected term.