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If Now we have acknowledged the declare but are expecting the issued certificate of proof, we keep The cash till the evidence is submitted and spend desire as directed with the Coverage Regulatory and Progress Authority of India.
You can not change the plan expression from the time period prepare but you can improve the sum assured within your coverage at important daily life occasions like relationship as well as the delivery or adoption of a baby. In the situation of ULIPs, you'll be able to increase or lower the plan phrase authorized as per the policy and underwriting.
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‘Is India geared up for retirement?’ report highlights The real key conclusions about India’s attitude towards retirement, cash and annuity ideas
In case the policyholder fails to pay the rates soon after a certain period, for instance 3 or 5 decades, the insurance company pays a reduced sum confident sum rather than the one preferred at the time of invest in.
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