Bhai Ghanhya Sehat Sewa Scheme

Toll Free Customer Care No. 1800 233 5758

Insurance Premium


Premium of the Main Member irrespective of the age of the Main Member.(Inclusive of Service Tax( 10.30 %) & Subscription to Trust @ Rs 10/-) is Rs 684/- (The age cannot be more than 75 yrs.)

Premium of Dependents
SLAB AGE GROUP LOADING IN % ON PREMIUM OF MAIN MEMBER AMOUNT PER DEPENDANT (Rs)( Inclusive of Service Tax)
SLAB 1 < 45YRS 15 % 101 
SLAB 2 45 TO 65 YRS 30 % 202 
SLAB 3 > 65 YRS TO 75 YRS 40% 270


Premium
Total Premium of the Family ( Inclusive of service Tax and subscription to Trust @ Rs 10/- Per Main Member)  = Total Premium of Main Member + Total Premium of the Dependants
Premium to be remitted to the Trust  = Premium collected from one family – Rs20*
*The Cooperative Society shall retain Rs20/- collected per Main Member/family with itself as enrollment fee.

Premium Calculation

Name of the Main Member Premium of the Main member
Balwinder Singh (50 yrs) 684
S.No Name of the Dependant Relation Age(Yrs) Number of Dependants Premium of Dependants = Net Premium + Service tax
1 Jaspreet kaur Wife 45 1 202
2 Simran kaur Daughter 20 1 101
3 Amandeep Singh Son 18 1 101
4 Veeranwali Mother 70 1 270
5 Kuldeep Singh Father 72 1 270
Total Premium of the Family    Rs 1628/-(rounded to nearest next highest figure)

Premium to be remitted to the Trust = Rs 1628 - Rs 20 = Rs 1608/- Amount to be retained by the cooperative Society per family = Rs20/-

PREMIUM OF MAIN MEMBER
PREMIUM OF MAIN MEMBER ( 1465 + 18% GST )1729/-
REGISTRATION FEE PER MAIN MEMBER 20/-
TOTAL PREMIUM COLLECTED FROM MAIN MEMBER*1749/-
Premium of dependents will be collected from Main member
PREMIUM OF DEPENDANTS: ( Same premium irrespective of age)
Age of Dependent% LOADINGNET PREMIUMPREMIUM (+ GST @18 %)
1 day to 75 years25367433
CategoryNet Premium per person per annumService Tax @ 18 % of the Net Premium Total Premium per person payable to insurerPremium per person collected from the family( Total premium + Rs 20/- as registration fee to Trust)Premium remitted to Trust by the society Premium collected - Rs 30/-)Premium payable by Trust to the Insurer Premium remitted to Trust + Rs 10)Premium to be refunded by the insurer @ Rs- 30/- per Main Member to the Trust
Main Member1465264172917491719172930
Dependant irrespective of age<(Loading of 25% of premium of Main Member)36766433433433433
Dependant irrespective of age<(Loading of 25% of premium of Main Member)36766433433433433
Dependant irrespective of age(Loading of 25% of premium of Main Member)36766433433433433
Total of a Family2566462302830483018302830