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LIFE POLICY Service Procedure


5.2 Changes involving Premium Adjustment - CHANGE IN SUM INSURED

Type When To Do Forms/Requirements Remarks
5.2 Change in Sum Insured Reduction: Effective as of next due date
  1. Request for Change Form (x 2)
  2. Payments of premium
Increment: Allowed within the first policy year
  1. Request for Change Form ( x 2)
  2. Health Declaration Form
  3. Medical Report if exceed non-medical limit
  4. Difference in premium with interest compounded at 9%

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