ETerm Product Details-eterm-plan

Details About Premium Annual premium in Rupees for a Policy Tenure of 15 years. Basic Premium is mentioned below (Tax not included) LIC eTerm – Policy Details Grace Period: 30 days grace period is allowed for premium payment. If policyholder fails to make payment within the grace period, the policy lapses Policy Termination or Surrender Benefit: There are no surrender benefits available in this 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 cancelling the policy within 15 days of receipt of the policy documents, provided there has been no claim. Inclusions There are no loans available in this plan Exclusions When it comes to suicide committed within 12 months of policy inception, only 80% of premiums paid are returned to the nominee. When it comes to suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value is paid.