What is the waiting period for this insurance policy?

The waiting period for this insurance policy is 90 days. If the insured dies during this waiting period due to any reason other than an accident, the premium amount (excluding taxes) will be refunded completely. The nominee is not eligible to receive the sum assured during this period. 

If the insured dies by suicide within 12 months of policy issuance (risk commencement date),  80% of the premium amount paid or the surrender benefit as on the death date will be paid based on which is higher.

Note: Waiting period is a period defined by the insurance provider during which only claims for accidental death will be processed. 

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