Charge on Life Insurance Policy by Shiva.

Charge on Life Insurance Policy

To

The . . . . . . . . . Co.

I., A.B. etc., hereby declare and agree that you have this day advanced to me the sum of Rs . . . . . . . . . on account of the sum insured by the policy No. . . . . . . . . . . dated . . . . . . . . . . . . . . . . . . and that the said sum has been advanced on compound interest at . . . . . . . . .% per annum payable every year on the . . . . . . . with annual rests on the condition that any sum on account of principal and interest remaining unpaid on the date on which the sum insured by the said policy becomes payable may be deducted from the said sum insured AND I hereby charge all moneys to become payable under the said policy with the payment of the principal and interest due on account of the said loan under the terms aforesaid AND I further agree that any sum which may hereafter be added as bonus to the said policy shall remain as an addition to the sum insured until all sums due to you on this security shall have been fully paid and satisfied.

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