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Details About Premium Annual premium in Rupees Policy Details Grace Period: 15 days grace period is allowed for payment of premium in monthly mode and 30 days in other modes. If policyholder fails to make payment within the grace period, the policy lapses Policy Termination or Surrender Benefit: there is no Surrender Value under the plan Free look period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
It is a pure term insurance plan with regular pay premium paying option The policyholder can be covered for 75 years of age
The nominee gets the Sum Assured on death of the policyholder. Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.
Elite Secure Plan is a non-participating pure term plan which enables the policyholder to provide protection to his family at affordable rates.
