Product Specification-iraksha-trop-plan

Details About Premium Annual premium in Rupees for a coverage of 1 crore Policy Details Grace Period: 30 days grace period is allowed for payment of premium. If policyholder fails to make payment within the grace period, the policy lapses Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy on which a value which is higher of the Guaranteed Surrender Value (GSV) or the Cash Surrender Value (CSV) is paid. GSV = GSV Factor * total premiums paid CSV = CSV Factor * total premiums paid 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. Additional Features or Riders Discount in premium for non-smokers Female lives are charged lower premium Rebates for choosing high Sum Assured Exclusions In case of suicide committed within 12 months of policy inception only the total premiums paid is returned to the nominee and in case of 12 months of policy revival, the acquired Surrender Value is paid to the nominee