In case of pure loss of life throughout first 12 or 24 months (relying upon the coverage of the corporate the insurance plan is taken from), the premium will likely be refunded only, but in case of unnatural loss of life, such as due to an accident, the sum assured might be paid off at the time of demise even when it happens within 12 to 24 months. After 12 to 24 months, in case of natural demise, sum assured will probably be paid and in case of unintentional death, twice of the sum assured can be paid. Nevertheless, if you happen to stop paying the premiums, and the coverage is cancelled, the paid quantity will likely be confiscated. Within the occasion of loss of life of coverage holder of a cancelled coverage, the company may pay the quantity lower than the whole premium paid.
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