Product Specification-whole-life-super-plan

Details About Premium Annual premium in Rupees Whole Life Super Plan – Policy Details Grace Period: The policyholder gets a grace period of 15 days to pay the premium in monthly mode, and when it comes to other modes, there is a period of 30 days allowed to clear all dues. Moreover, if the insured fails to deposit the premium within the grace period, then the policy will lapse. Surrender Advantage: The policyholder is permitted to give up the policy of paying the premium for complete 3 years. The Surrender Value acquires the higher among Special Surrender Value (SSV) or Guaranteed Surrender Value (GSV). GSV = GSV% of total premiums paid + GSV % of accumulated paid-up additions SSV = Reduced paid-up SA/1000 * SSV Factor Discontinued Premium Payment If the policyholder fails to pay the premium within the due date, then a period of 30 days is provided as a Grace period from the first due date (15 days for those who have opted for monthly mode) of premium payment. Moreover, you need to know that the risk cover will be active during this period. Free Look Period: There are times when we regret our decisions and wish we could have changed them. Well, this is possible in case of taking this policy, as those who are not satisfied with the terms and conditions after taking the policy have the option to abandon the plan within 15 days of receiving the documents of the policy. The only condition is that the user must not have made claims during this period. Inclusions The bonus Paid-up Additions that are under bonus feature can be withdrawn to a minimum sum of Rs. 5000. Max Life Payor rider is accessible under the plan Higher coverage is provided at Lower premium rates. Exclusions If the policy taker commits suicide within a year of taking the policy, then the company provides higher of the Surrender Value or the premiums paid. Moreover, in case of total premiums paid by the policyholder, the money is refunded, if the Surrender Value is not acquired by the policy.