Is policy document same for everyone across India?
And can I access this document even if I don't buy the product
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.
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.
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.
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