Details About Premium Annual premium in Rupees for Classic Death Benefit option with Policy Term 15 years and PPT 7 years Policy Details Grace Period: 15 days grace period is allowed for premium payment in monthly mode and 30 days in other modes. 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 and receive the Surrender Value. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value. GSV = GSV % of Premiums paid + GSV% of vested Bonuses + GSV % of Guaranteed Additions 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 Loan is available under the plan to a maximum of 80% of the SSV Additional Features or Riders Rebates for Large Sum Assured ranges of 4 lakhs and above Exclusions In case of suicide committed within 12 months of policy inception only 80% of premiums paid are returned to the nominee. In case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value is paid