Reliance Nippon Life Digi-Term Insurance Plan

Policyholders are allowed a 30-day free look period to cancel the policy if they disagree with the terms.

Death by suicide within 12 months of policy inception or revival limits the payout to 80% of premiums paid.

Free look refunds are subject to deductions for risk premium, medical expenses, and stamp duty.

No loan facility is available under this insurance plan.

A grace period of up to 30 days is provided for premium payment.

Failure to pay premiums within the grace period results in a policy lapse with no benefits paid.

Under the Enhanced Life Secure option, the sum assured increases by 5% annually.

Certain plan options do not acquire any paid-up value if premiums are discontinued.

Policyholders can increase the Sum Assured upon specific life events like marriage or childbirth without underwriting.

Terminal illness must be confirmed by two independent specialists and be likely to lead to death within 12 months.

Choosing non-annual premium payment modes incurs an additional loading charge.

Employees of the ADAG group and specific partners receive a 10% discount on first-year premiums.

Unpaid premiums for the current policy year will be deducted from the final claim settlement.