Legal Question in Civil Litigation in India

29.03.2014

Dear Sir / Madam,

If the charitable trust wishes to procure an Endowment Plan in the name of one of the trustees, you will need to obtain :

1. The Certificate of Incorporation of the Trust;

2. A list of Trustees and the Board of Governors of the Trust;

3. A resolution to the effect that the Trust is procuring an Endowment Policy in the name of the Trustee / Governor / Director and that the Trust undertakes full responsibility to pay the ongoing premiums on behalf of the concerned Trustee / Governor / Director to LIC of India and that the concerned Trustee / Governor / Director and his legal heirs will remain the sole beneficiaries of the policy;

4. Exemption Certificate of the Trust and;

5. Any other documents specified by the LIC of India.

Regards,