Amending your policy

Do you need to change any details on the policy that you hold? You will find below the forms and the basic information that you would need to make these changes.

a.    Increase of Face Amount
We can increase the face amount of your policy within 6 months from the policy effective date. This is however, subject to the submission of satisfactory evidence of insurability and an explanation from the policy owner  with satisfactory reason for increasing the amount.

The documents you would need to provide include the Policy document CSC-27 Form click here., CSC-20 Form click here, and reports from a medical examination, if required by the company. You would also need to make a  payment for the difference in premiums with interest along with the currently due premium.

b.    Reduction of Face Amount
The face amount of your policy can be reduced at the request of the policy owner at the paid to date. If the request for  reduction of face amount is before the policy has acquired the Basic Cash Value, then no refund in premium will be made. However, if the request is made when the policy has acquired the basic cash value, the difference in cash value  will be refunded to the policy owner.

The reduction in face amount takes effect from the premium due date.

The requested face amount of insurance should not be less than minimum face amount for the particular policy.
 
The documents you would need to provide include Form CSC-27 click here, the policy document and the current  due premium.

c.    Addition of Rider
A policy owner can increase various types of coverage on his life by adding riders to an existing policy.
These riders can be added from the premium due date.

The riders that are available include Accidental Death Benefit, Disability Protection Rider, Waiver of Premium, Personal Accident.

To understand each rider in detail and to determine which rider best suits you and your circumstances, do call us at +977 1 5555166 and we will arrange for one of our Personal Advisors to meet with you.

To add a rider, the documents you would need to provide include CSC-27 Form click here, CSC-20 Form click here and the policy document. You would need to also pay the current due premium including rider premium.

d.    Deletion of Rider
A rider can be cancelled on any premium due date by a written request from the policy owner.
The request for cancellation must however be submitted before the grace period.
To add a rider, the documents you would need to provide include CSC-27 Form click here, the policy document. You would also need to pay the current due premium.