Common use of Cancellation by You Clause in Contracts

Cancellation by You. You may terminate this Policy by giving 30 days prior written notice to Us. We shall cancel the Policy for the balance of the Policy Period and refund the premium (exclusive of service tax) for the unexpired term as mentioned herein below, provided that no claim has been made and the Second Medical Opinion or health check-up have not been availed under the Policy by or on behalf of any Insured Person: Policy in-force up to Policy Period 1 year Policy Period 2 years Refund Premium (%) Refund Premium (%) Up to 30 days 75% 87.5% 31 to 90 days 50% 75% 91 to 180 days 25% 62.5% 181 to 365 days 0% 50% 366 to 455 days Not applicable 25% 456 to 545 days Not applicable 12% Exceeding 545 days Not applicable 0%

Cancellation by You. You may terminate this Policy by giving 30 days prior written notice to Us. We shall cancel the Policy for the balance of the Policy Period and refund the premium (exclusive of service tax) for the unexpired term as mentioned herein below, provided that no claim has been made and the Second Medical Opinion or health check-up have not been availed under the Policy by or on behalf of any Insured Person: Policy in-force up to Policy Period 1 year Policy Period 2 years Refund Premium (%) Refund Premium (%) Up to 30 days 75% 87.5% 31 to 90 days 50% 75% 91 to 180 days 25% 62.5% 181 to 365 days 0% 50% 366 to 455 days Not applicable 25% 456 to 545 days Not applicable 12% Exceeding 545 days Not applicable 0%