Exclusion - In case the policyholder commits suicide within 12 months of the policy inception or revival date, the available Fund Value and any top-up premium Fund Value as on the date of death is payable.
Revival - In case you want to revive your inactive policy, you can do so within a period of 2 years for which you will have to pay all the missed out premiums.
Loan Facility - This policy does not come with a loan facility.
Grace Period - This plan offers a grace period of 15 days in case you choose the monthly mode of premium payment. For any other mode of premium payment the grace period is 30 days.
Free Look Period - If you are not happy with the policy terms and conditions, you can surrender the policy to the insurer. This free look period offered by the plan is 15 days. If this plan is purchased via distant marketing, the free look period is 30 days.
Surrender Benefit - In case you wish to surrender the policy before 5 years of the policy period, the fund value will be then moved to the discontinued policy fund. Once the lock in period is completed, this amount would be paid off. However, if the life insured passes away before this payout, the nominee will receive the discontinued policy fund.
post completion of 5 policy years, the policy will terminate and there wont be any payout.
