M.A.

(Security and Defence Laws)

DEFENCE PERSONNEL INSURANCE:

TYPE AND SCOPE

By
Name
Roll No./I.D. No
Year: 1 Semester: 1

GENERAL PRINCIPLES OF LAW

14-12-2019

NALSAR UNIVERSITY OF LAW

HYDERABAD
 TABLE OF CONTENTS

CHAPTER-I: INTRODUCTION
1.1. Statement of Problem
1.2. Research Questions
1.3. Hypothesis
1.4. Research Methodology
1.5. Tentative Chapterization
CHAPTER-II: DEFINITIONS
2.1. Contract of insurance
2.2. Insurance as a contract of indemnity
2.3. Life Insurance
2.4. Principle of indemnity and life insurance
CHAPTER-III: NATURE AND SCOPE OF INSURANCE OF DEFENCE PERSONNEL
3.1. Basic principles of Insurance
3.1.1. Existence of risk
3.1.2. Principle of indemnity
3.1.3. Principle of insurable interest
3.1.4. Principle of utmost good faith
3.2. Types of life insurance
3.2.1. Term Insurance
3.2.2. Permanent Insurance
3.3. Scope of Defence Personnel Insurance
CHAPTER-IV: COMMON DEFENCE PERSONNEL INSURANCE POLICIES
4.1. Army Group Insurance
4.1.1. Maturity Benefits
4.1.2. Disability Cover
4.1.3. Extended Insurance (EI)
4.2. Army Group Insurance Fund (AGIF)
4.3. HDFC Life Defence Personnel Plan
4.4. SHAURYA by HDFC Life
4.5. Aviva Suraksha
4.6. DHFL Pramerica Prahri
CHAPTER-V: SUGGESTIONS AND CONCLUSION
BIBLIOGRAPHY
 LIST OF CASES CITED

Prudential Insurance Company v. Inland Revenue Commissioner

LIST OF STATUTES

Indian Contract Act, 1872

Life Insurance Act, 1956
Terrorist Risk Insurance Act (TRIA), 2002

LIST OF ABBREVIATIONS

AGI – Army Group Insurance

AGIF – Army Group Insurance Fund
DHFL – Dewan Housing Finance Limited
EI – Extended Insurance
HDFC – Housing Development Finance Corporation
JCO – Junior Commissioned Officer
KB – King’s Bench
LIC - Life Insurance Corporation
LICI – Life Insurance Corporation of India
OR – Officer Rank
PBOR – Person Below Officer Rank
Rs. – Rupees
TRIA - Terrorist Risk Insurance Act
USA – United States of America
“Yat bhavathi tat nasyathi” means “whatever is created will be destroyed”

CHAPTER-I
INTRODUCTION
The general phenomenon of any natural or otherwise is creation is inevitably followed by
destruction1. So the risk of destruction is ineludible in life. So the owner wants himself to be
protected from this risk and out of this want, the concept of Insurance is evolved 2. The aim of all
insurance policies is to protect the insured 3 i.e., owner from all the anticipated risks. There are
different types of insurance like for example Marine insurance, Fire insurance, Life insurance.
While marine insurance and fire insurance are for objects and are used in business, Life insurance is
only one for the Human being. So in life insurance, the life of the person is insured against specific
risk or a combination of risks like accident or due to ailments and so on depending on the policy
and premium paid. In the contract of insurance, the liability of insurer is so much as specified in the
policy covered. The risk involved determines the premium in a specific policy. This applies in
marine, fire insurance as well.
The oldest form of insurance is marine insurance when the goods which are shipped are insured
again any perils of sea. Later the fire insurance came into existence in England after the “Great fire
of London” in 1666. The objective of Fire insurance is also the property of one’s own. Later in
recent times, the third party insurance came into existence. In this if any loss is incurred to other’s
property, and the cause arises with insured, then the third party is indemnified for the loss. This
usually exists in Fire insurance or in accident insurance of motor Vehicles 4. As said earlier, Life
insurance can be considered as only one for the person himself. Researcher opines that only Life
Insurance is relevant for the present paper for defence personnel. Defence personnel may take
insurance policies for properties as well, but to confine to the object of paper, life insurance is given
priority.

Statement of Problem:
As said earlier, in Life insurance the life of a person is insured against death or any accident which
leads to disability. For defence personnel, the exposure to risk is more than a normal person. They
are involved in protecting the country and its population risking their lives. So general life insurance
does not cover defence personnel. Even the Government of India does not provide any proper

1
K S N Murthy and Dr. K V S Sarma, Modern Law of Insurance, 4th ed, 2002, pg: 3
2
ibid
3
The person who seeks protection is called insured or assured, and the party who undertakes the risk of protection is
called insurer or underwriter, and the amount paid or consideration paid for the protection is called premium.
4
The type of insurance involved in motor vehicles is different from the basic ones. The policy can be taken only for
vehicle or third party or person and vehicle together. It can be considered as hybrid one.
insurance against death and accidents which lead to permanent disability to the defence personnel.
However, there are schemes and policies which provide certain financial assistance to the defence
personnel or his family but are not adequate.

Research Questions:
1. What is the definition and elements of Insurance?
2. What is the nature of Insurance of defence personnel?
3. What is the scope of life insurance with respect to defence personnel?

Hypothesis:
It is hypothesised that there are lacuna in providing the insurance to defence personnel. There exists
no government led life insurance policy to the defence personnel.

Research Methodology:
The researcher followed the doctrinal method for the purpose of this paper. For this paper, the
researcher uses the conceptual-analysis method. The researcher relied on the primary sources of
legislation (Life Insurance Act, 1956), judicial decisions and secondary sources of Books, web
pages of various insurance companies and government websites.

Tentative Chapterization:
The following is the chapterization of the paper:
I. Introduction
It introduces the concept of Insurance and the scheme of paper.
II. Definitions
This chapter stipulate the definition of Insurance and the life Insurance, which is relevant to
this paper and also discusses the contract of Insurance and indemnity in Insurance.
III. Nature and scope of Insurance of defence personnel
The researcher in this chapter explains the nature and scope of insurance in correspondence
with the defence personnels.
IV. Common defence personnel Insurance Policies
This chapter provides data on the existing policies applicable to the defence personnels in
India.
V. Suggestions and Conclusion
 CHAPTER-II
DEFINITIONS
Protection from risk has been the primary motive for humans and institutions. Insurance has
evolved from that motive of protection. Over 5000 years ago, insurance was observed as a
preventive measure against piracy on the sea in China 5. Insurance in India can be traced back to the
Vedas. For instance, “Yogakshema” the name of LICI's corporate headquarters is derived from the
Rig Veda. The term suggests that a form of "community insurance" was prevalent around 1000 BC
and practised by the Aryans6.
The object of Insurance is to mitigate the loss incurred on the contingent event. To achieve this end,
the principle of co-operation is employed and the loss suffered is distributed over the community at
large. This is further achieved by entering into a legally bound contract. So Insurance can be
considered as a contract of reimbursement.
Contract of Insurance:
Hardy Ivamy7 defines the contract of Insurance as, “A contract of insurance is a contract whereby
one person called the ‘insurer’, undertakes in return for the agreed consideration called the
‘premium’ to pay to another person , called the ‘insured’ a sum of money or its equivalent on the
happening of a specified event”8.
In Prudential Insurance Company v. Inland Revenue Commissioner9, Justice Channel said “There
must be either some uncertainty whether the event will ever happen or not, or if the event is one
which must happen at some time or another, there must be uncertainty as to the time at which it will
happen”.
For an insurance agreement to be a valid contract, the following conditions are to be satisfied –
1. It should be a contract between ‘insured’ and ‘insurer’.
2. The contract should be based on the loss due to happening or not happening of a future
incident.
3. A consideration in the form of payment of an amount by the insured and
4. The insurer promises to make good the loss in so far money can do it, in case the loss occurs
on the happening of the contingency10.
Thus, it can be observed that in a contract of Insurance, one can insure ship or house but cannot
ensure that the ship shall not be lost or the house shall not burnt, but what one can insure is that a

5
Chapter-2, concept, nature and scope of Insurance, shodhganga; available at:
[Link] last accessed on 12-12-2019
6
ibid
7
In his book - General principles of insurance law
8
concept, nature and scope of Insurance; note-5
9
(1904)2KB658
10
concept, nature and scope of Insurance; note-5
sum of money shall be paid on the happening of a certain event. Thus the subject matter of
insurance is the compensation in the form of money to be paid to the assured on happening of a risk.
In other words the insurer will indemnify the loss incurred to the insured or his/her nominee.
Insurance as a contract of indemnity:
While every form of insurance has an element of speculation or wagering, it is taken out of the
category of gambling transactions by the principle which has come down from the custom of
merchants, that its object is indemnity and not profit 11. Hence, the insured must have an appreciable
pecuniary interest in the subject of the insurance. In marine and fire insurance he must be the owner
of the property covered by the policy, or of some legal or equitable interest therein, such as that of
mortgagee, bailee, tenant, or the like. In life-insurance the insured must be the person on whose life
the policy is taken out, or someone having a pecuniary interest in the continuance of that life. A wife
has an insurable interest in the life of her husband, and the husband in that of the wife; a parent in
the life of a child, and a child in the parent's life; a partner has an insurable interest in the life of his
copartner, and a creditor in that of his debtor12.
Life Insurance:
The contract of Insurance, as one of indemnity, had been extended to human life. An insurance upon
Life is a contract by which the underwriter for a certain sum, proportioned to the age, health,
profession, and other circumstances of the person, whose life is the object of insurance, engages that
that person shall not die within the time limited in the policy; or, if he do, that he will pay a sum of
money to him in whose favor the policy was granted 13. A modern English writer thus explains it:
“The risk in that branch of insurance called Life Insurance, is the death of the person whose life is
the object of the security, and the insurer undertakes by the policy to pay the assured or his
representatives a sum of money, either when that event may take place, if the insurance be for the
whole life; or upon the happening of that event within a certain limited period, or before the
occurrence of some other uncertain event, where the policy is effected for a term”14.
From the above analysis of life Insurance, it can be deducted that, it is the importance of a person’s
security to personal representatives, to be disposed in such manner as he directs, a sum of money
upon his death, where he paid the annual premium, proportioned to his age at the time of effecting
the insurance.
Principle of indemnity and life insurance:
While the beneficiary in a life-insurance policy-that is, the one to whom the insurance is payable-
must have a pecuniary interest in the life on which the policy is taken out, the principle of
11
Burdick, Francis M, chapter-VII, Essentials of Business Law. New York, D. Appleton and Co. HeinOnline.; pg: 180
12
ibid
13
Angell, Joseph K.,chapter-XII, Treatise on the Law of Fire and Life Insurance. Boston, Little, Brown & company. .
HeinOnline.; pg: 298
14
ibid
indemnity does not extend beyond this in life-insurance. Upon the death of a husband, whose life
was insured for the benefit of his wife, the latter is entitled to the whole sum named in the policy,
and the company cannot cut this down by showing, as in the case of a fire policy, that the life was
not worth the sum specified.
“Insurers, in such a policy,” to quote from a decision of the Supreme Court of the United States,
“contract to pay a certain sum in the event therein specified in consideration of the payment of the
stipulated premium or premiums, and it is enough to entitle the assured to recover if it appears that
the stipulated event has happened”15. Moreover, the premium varies with the age of the insured, and
is fixed at a rate determined by the average life of healthy persons, and by the certainty that the
death, or other event, upon which the sum becomes payable by the insurer, must happen; while in
fire and marine insurance the event insured against may never happen, and this uncertainty is taken
into account in fixing the premium16.

15
ibid
16
ibid
 CHAPTER-III
NATURE AND SCOPE OF INSURANCE OF DEFENCE PERSONNEL.
Insurance means the act of securing the payment of a sum of money in the event of loss or damage
to property, life, a person etc., by regular payment of premiums. Insurance is a method of spreading
over a large number of persons, a possible financial risk too serious to be conveniently sustained by
an individual. The aim of all types of insurances is to protect the owner from a variety of risks
which he anticipates. The happening of the specified event must involve some loss to the insured or
at least should expose him to adversity which is, in the law of insurance, called commonly the
‘risk’17.
The nature of insurance depends on the nature of the risk required to be protected. An insurance
contract makes available the risk coverage to the insured. The buyer of insurance pays a fixed
premium in exchange for a promise of compensation in the event of some specified loss18.
The important purpose of insurance is to provide risk coverage but when the contract period extends
over a period of time, as in the case of life insurance, premium payments comprise of two
components – one for buying risk coverage and the other towards savings. The joining together of
risk coverage and savings is peculiar with the life insurance and is more common in developing
countries like India19.
In many developed countries, citizens are to a certain extent protected by social security schemes
provided by the government. These schemes offer financial aid to citizens who are eligible on
grounds of unemployment, old age, sickness, disability, etc20. The social security scenario in India is
quite different, having traditionally been the responsibility of the family or community. However,
with industrialization, urbanization, breakup of the joint family system and weakening of family
bondage, it has become necessary to provide social security arrangements that are institutionalized
and regulated by the state rather than the society21.
Basic principles of Insurance:
Though insurance has been differentiated into marine, fire, life etc., there are certain general
principles applicable to all forms of insurance. These general principles serve as a guide to the
sound interpretation of the purpose of the insurance contracts in their diversified forms22.

Some important principles of insurance are as follows:

17
Dr. G. Gopalakrishna, Essentials and Legalities of an Insurance Contract; available at:
[Link] accessed on: 12-12-2019
18
concept, nature and scope of Insurance; note-5
19
ibid
20
ibid
21
Tapen Sinha, “An Analysis of the Evolution of Insurance in India”; available at:
[Link] accessed on: 12-12-2019
22
concept, nature and scope of Insurance; note-5
Existence of risk:
It is important to every contract of insurance that the subject matter should be exposed to the
contingency of loss or risk. Risk involves the happening of an uncertain event adverse to the interest
of the assured. In life insurance, the risk is in the death of the assured, though a certainty, but
uncertain as to the time of its happening. In an abstract sense, risk may be defined as the chance of
loss23. It can either be an uncertainty as to the outcome of some event or events, or loss as the result
of at least one possible outcome. In any case, the promise of the insurer is to save the assured
against the uncertain consequences24.

Principle of indemnity:
As discussed earlier, insurance is essentially a contract of indemnity. All the claims of the assured
will be adjusted only with reference to the actual loss sustained by him. Thus, it is implied in every
contract of insurance that the assured in case of a loss against which the policy has the actual loss, is
to prevent fraud on the part of the assured. It checks the temptation to gain by unfair means and the
wilful causing of loss. However, the factual basis for the application of the principle of indemnity is
not the prevention of crime or consideration of public policy but it derives from the inherent nature
of the bargain25.
In assessing the amount payable on a contract of insurance, the principle of indemnity is a guiding
principle. It is common that insurers limit their liability to a particular amount of money known as
the ‘sum assured’.
In contracts of life insurance, personal accident and sickness insurances and in some forms of
emergency insurance, the loss is frequently measured in monetary terms. They are distinguished
from contracts of indemnity like marine and fire insurance. It is now well established that life
insurance in no way resembles a contract of indemnity. It is because the assured by paying the
premiums is effecting a saving, the cumulative sum which he can recover after the expiry of the
fixed period26.
Generally; a contract of indemnity is entered into for the sole purpose of making good a loss
incurred. The value of a life, however, is incapable of estimation and except, in a limited sense,
cannot be “made good” by insurance. The important distinction which thus arises between life
insurance and the other forms of insurance is that the principle of “subrogation,” under which the
insurer (i.e., the company) takes the right of recovery against the third party causing the loss, has no
application to life insurance27.
23
ibid
24
Dr. G. Gopalakrishna; note-17
25
ibid
26
ibid
27
concept, nature and scope of Insurance; note-5
Principle of insurable interest:
The test for a valid insurance contract is the existence of the insurable interest. The ‘insurable
interest’ is nothing but an interest of such a nature that the occurrence of the event insured against
would cause financial loss to the insured and such an interest which can be or is protected by a
contract of Insurance. This interest is considered as a form of property in the contemplation of law.
The insurable interest should exist at the time of happening of an event in the general insurance
contracts, but is not necessarily so in the case of the life insurance contracts. This is because the
former is a contract of indemnity and the latter is a contract of assurance.

Principle of utmost good faith:

The observance of the utmost good faith by the parties is vital to a contract of insurance. Insurance
is also called as an uberrima fide contract because the parties are required to confirm to a higher
degree of good faith than in the general law of contract. Good faith and honesty though principles of
equity and justice are equally applicable to every agreement; yet, in contracts other than insurance,
the parties are free to settle their own terms.

With the analysis of above principles it is evident that the principle of risk plays a major role. For
defence personnel, the risk of his life and other accidental injuries is more than a normal person.
Hence, in India, the Life Insurance Corporation (LIC), which is a governmental organization and
which provide various schemes for the life Insurance does not have any schemes for the defence
personnel. A person enrolled in the defence service, who knew the risk involved, is signing a
wavering agreement of his life security. So the very first principle is ruled out. As discussed earlier,
the principle of indemnity is not applicable to life insurance.

Types of life insurance:

Term Insurance:
Life insurance providing coverage at a specified premium for a specified length of time is known as
term Insurance. This type of insurance does not build up cash value and the premium normally
increases after a specified time period28.

Permanent Insurance:

28
Life Insurance Information for military personnel, National Association of Insurance Commissioners, 2008; available
at: [Link] last accessed on: 12-12-2019
Permanent insurance provides long-term financial protection, including both a death benefit and, in
some cases, a cash savings29.
Some other common life insurance policies include –
Universal Life policies, which offer a flexible premium life insurance policy under which the policy
owner may change the death benefit from time to time (with satisfactory evidence of insurability for
increases) and vary the amount or timing of premium payments.
Variable Life policies, allow the money that remains after payment of premiums to be invested in
vehicles of your choosing. Variable life insurance does have the option of a minimum guaranteed
death benefit; however, variable life insurance can be expensive and risky, depending on the type of
investments made.
Whole Life policies provide lifetime protection at a level premium. Premiums must generally be
paid for as long as the policy is in force30.

Scope of Defence Personnel Insurance:

The insurance sector has a huge potential not only because incomes are increasing and assets are
expanding but also because the increasing instability in the system. In a sense, we are living in a
extra risky world. Trade is becoming more and more global. Technologies are changing and getting
replaced at a faster rate. In this more uncertain world, for which enough evidence is available in the
recent period, insurance have an imperative role to play in reducing the risk burden that the
individuals and businesses have to bear. The approach to insurance should be in tune with the
changing times31.
The aim of the insurance sector in India is to extend the insurance coverage over a larger section of
the population and a wider segment of activities. The three guiding principles of the industry must
be to charge premium not higher than what is acceptable by strict actuarial considerations, to invest
the funds for obtaining maximum yield for the policy holders consistent with the safety of capital
and to render efficient and prompt service to policy holders. With a creative corporate planning and
an abiding commitment to improved service, the mission of widening the network of insurance can
be achieved32.
This creative approach to increase the business in Insurance sector had paved path for private
Insurance Companies to make policies for the high risk induced defence personnels. Other than the
private company insurances, there is a non-governmental group insurance maintained by the
defence personnels.
29
ibid
30
ibid
31
concept, nature and scope of Insurance; note-5
32
Dr. C. Rangarajan, “The widening scope of Insurance”, available at: [Link]
_widescop.doc; accessed on: 12-12-2019
There had been a trend in some of the developed countries, which introduced some insurances
policies relating to the contingencies arising from the terrorist attacks or natural disasters. Insurance
policies on natural disasters are prominently seen in Latin American countries and Caribbean. These
policies are not only confined to the human life but for the property loss incurred during a natural
disaster or during a terrorist attack. USA had a legislation pertaining to the terrorist risk Insurance,
known as “Terrorist Risk Insurance Act (TRIA)”.
 CHAPTER-IV
COMMON DEFENCE PERSONNEL INSURANCE POLICIES

As discussed earlier, there are no government provided Insurance policies for the defence personnel.
The government provides certain benefits in medical aid and some other benefits when a personnel
is met with accident. However, these benefits do no good to the family members after the demise of
the service personnel. But there are certain private companies and some group insurance schemes
which can compensate the loss to some extent. The following are some policies –
Army Group Insurance:
Under this Insurance, the benefits are provided to the family members of army personnel who may
die during their service. The amount paid is Rs.50 lakhs for officers and Rs.25 Lakhs for JCOs/OR.
The monthly subscription for this Insurance policy is Rs.5000 and Rs.2500 respectively.

Maturity Benefits:
The maturity benefit, which is accumulation of saving element of amount contributed by member
along with interest and bonus, is paid on discharge/release of a serviceman. The maturity amount is
also paid along with death benefits to the NOK, in case of sad demise of any member33.
A member can withdraw 50% from the maturity benefit after 15 years of service for the purpose of
education / marriage of wards. In addition, member can withdraw up to 90% of the maturity amount
for repair / renovation of house or for the purpose of conveyance during last two years of service
before superannuation34.

Disability Cover:
If an individual is invalided out of service prematurely due to injury or disease, the Officers and
JCOs/OR, with 100% disability, will get an amount of Rs.25 lakhs and Rs.12.5 lakhs respectively.
This amount gets proportionately reduced for lower element of disability up to 20 percent. An ex
Gratia disability allowance is also granted by AGIF in case a member with 100% disability has
been recommended a constant attendant35.

Extended Insurance (EI):

Army Group Insurance Fund Extended Insurance (EI) Scheme provides insurance cover to
servicemen after leaving the service. It provides Rs.6 lakhs for Officers and Rs.3 lakhs for PBOR

33
Army group insurance, soldier2 nd life; available at: [Link] last
accessed on: 12-12-2019
34
ibid
35
ibid
for a period of 26 years after retirement or 75 years of age whichever is earlier. The amount is
received by the family of the ex-serviceman in case of his demise. The amount has been recently
revised and is now Rs.10 Lakhs for officers and Rs.5 lakhs for PBOR for all those who join the
scheme after 01 Jan 14. For those who joined earlier, the amount will remain at the earlier rate of
Rs.6 lakhs and Rs.3 lakhs for officers and PBOR respectively36.

Army Group Insurance Fund (AGIF):

This is an in-house insurance fund created by the Armed Forces for their own members. A similar
insurance fund is also available for the navy and the air force. This insurance fund was created
without any tie-up with the Life Insurance Corporation of India (LIC) or any other insurance service
providers in the country. The premium for this coverage is deducted directly from the salary of
cadres. The coverage amount available for an individual may vary based on his/her rank in the
army, and the premium is likely to vary accordingly37.
As of now, officers in the Indian Army are eligible for life insurance coverage up to Rs.40 lakh.
Jawans, on the other hand, are eligible for a life cover of Rs.20 lakh. To avail this coverage from the
Army, Jawans have to pay a premium of Rs.2,000 per year. Officers must pay a premium of
Rs.4,000 per year. This cover provides relief to the families of army personnel in case of
unexpected death during a war or battle. The insured person may also receive adequate
compensation under this cover even during the time of superannuation38.

HDFC Life Defence Personnel Plan:

HDFC Life has been pioneering to introduce insurance cover in “war/war like situations, terrorism,
natural calamities, I.S duties & other hostilities”. HDFC Life’s insurance solutions are designed to
meet your long term protection & financial needs39.

SHAURYA by HDFC Life:

The initiative Shaurya is designed with a view to augment existing insurance, provide various
financial saving solutions with tax benefits & a secured second innings career to Ex-servicemen40.

Aviva Suraksha:
36
ibid
37
Life Insurance For Armed Forces In India, bank bazar Insurance, available at: [Link]
life-insurance/[Link]; last accessed: 12-12-2019
38
ibid
39
Defence personnel plans, HDFC, available at: [Link]
last accessed on: 12-12-2019
40
ibid
Suraksha is an umbrella policy that contains various products specifically designed for the benefit
of Armed Forces. It contains various covers for the investment, retirement, and child protection
needs of the military personnel in the country. The coverage provided by this policy ensures that
policyholders and their families are protected from mortality arising out of warlike situations. The
claim settlement process and other requirements are simplified to ensure that the needs of the
dependents are adequately covered during a time of unfortunate event41.

DHFL Pramerica Prahri:

This is another life insurance cover available for military personnel who dedicate their lives for the
welfare of the country. This policy is designed exclusively for the welfare of members of the Armed
Forces in India. The products available under this policy provide coverage for war and warlike
situations. The protection offered by this cover helps military personnel and their family members
plan their financials effectively42.

41
Life Insurance For Armed Forces In India; note-37
42
ibid
 CHAPTER-V
SUGGESTIONS AND CONCLUSION:

Suggestions:
Though certain policies are available for the defence personnel, they do not meet the requirement of
the family on happening of an incident of demise. The persons who risk their life for the protection
of the country should be provided better policies and the family of such personnel should be
provided scope of survival if any unfortunate incident occurs.
There should be a government Insurance scheme for the defence personnels, with better benefits
that the private operated schemes. It is the least a government can provide for the persons who risk
their life for the protection of the country.
These benefits should also extend to the Para-military forces and to the next kin and kith of the
servicemen.
There should be better benefit schemes than the existing schemes for the family of the personnels
who demised in service. Such measures will encourage people to join defence forces with peace of
mind.

Conclusion:
Members of the Armed Forces play a major role in protecting the welfare of the country. While
most of the common insurance plans will not provide coverage for them, the options listed above
help them access the life insurance coverage available. When it comes to life insurance for military
families, members who are not part of the active service will not have any issues in getting regular
life insurance covers available in the market. For military personnel and ex-servicemen, these plans
provide adequate coverage to meet the financial requirements.
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[Link] last
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