Policyholders can choose to alternate between the two
modes of premium payment at any policy anniversary and on payment of an alteration charge of Rs. 100.
The policy allows policyholders to change
the mode of premium payment at any time during the policy term by submitting a written request for the same.
Not exact matches
Also, if the
premium is paid
at one go for the whole year the funds are available (for investment) to the company for longer than in monthly
mode of payment.
Policyholders may change the
premium payment mode at any policy anniversary, subject to a fee
of Rs. 100.
When the policyholder chooses to pay
premium at regular intervals for a defined period as per the insurance policy, to keep the policy in force and avail its benefits, the
mode of premium payment is called Regular Premium Paymen
payment is called Regular
Premium PaymentPayment Mode.
Protection for your family: Get life cover
of at least 10 times the annualised
premium for the entire policy term Pay as you like: With yearly, half - yearly, quarterly and monthly
premium payment modes Tax benefits: Get tax benefits on investment and on returns, as per the applicable income tax laws