Product Specification:-two-wheeler-insurance-calculator

Details About Premium Annual premium in Rupees Policy Details Grace Period: There is a limited timeframe of 30 days from the due date of the unpaid premium to pay all dues, without interest. This timeframe is reduced to 15 days if payments are being made via monthly or PSP mode. If the premiums are still not paid within this Grace Period then the policy lapses and is subject to non-forfeiture options. Policy Termination or Surrender Benefit: If the policyholder wishes to surrender the policy then the company pays the higher of Guaranteed Surrender Value or Special Surrender Value. The policy will be terminated at the earliest of the following: (1) the date on which the policy is surrendered. (2)On the payment of the last monthly income/lump sum benefit amount at the end of the Benefit Pay out period, or death. Free Look Period: A fixed free look period of 15 days from the date of receiving policy documents is allowed to review the terms and conditions of the policy. If the policyholder does not wish to continue with the policy, then he or she has to return the policy stating their objections. In case of Distance Marketing, this timeframe is extended to 30 days. The premium that was paid will be refunded minus a proportionate premium for the risk borne by PNB Metlife, as well as any extra expenses, such as towards a medical examination or stamp duty charges.