Product Specification-new-creating-life-insurance-plan

Details About Premium Annual premium in Rupees and Benefit Illustration Policy Details Grace Period: 15 days grace period is allowed for premium payment in monthly modes and 30 days in other modes Policy Termination or Surrender Benefit: the policy can be surrendered anytime if one full years premium has been paid. The Surrender value will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV) GSV = % of all Premiums paid + % of vested Bonuses 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. Inclusions The policy provides loan facility Additional features or riders Accidental Death Disability & Dismemberment Benefit Rider and ING Critical Illness Rider is available under the plan Discounts are allowed for higher premiums Exclusions In case of suicide within 12 months from inception 80% of premiums paid are returned and within12 months of revival, higher of 80% of premiums paid or the acquired Surrender Value is payable