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Question about Policy Document

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15 Sep, 2021 by  Jaskirat Singh

Is policy document same for everyone across India?

And can I access this document even if I don't buy the product

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4 Answer

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15 Sep, 2021
Shamshi

Policy document changes according to individual's health status. Yes, you can download the policy wording document from insurer website, generally insurer offers different schemes/Plan, according to which policy wording changes.

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16 Sep, 2021

Hi Jaskirat ,


Policy wordings / Prospectus are available on websites of insurance company. Please note : It may differ from insurance company to insurance company.


However, The regulator (IRDAI) has standardised certain common terms.


Regards

Nimesh

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For the particular insurance plan the broad TC / policy document would be same for all. However the coverage related fact would vary from person to person based on underwriting decisions and/or coverages ( riders) opted for.

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17 Sep, 2021

Dear Jaskirat

Policy document has two part

1.schedule page - this gives customer specific information and printed as per the customer age , sum assured , premium etc .

2. T& C - it is common for one company for each product cstegory and added to document . T& C can be diffrrent for Trad / term and ULIP .

Hope this clarifies

Shailesh

InsuranceSamadhan


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