Cooling-off period of 31 days, from policy inception, is allowed i.e., within this period, you may cancel and get refunded.
Notice to terminate is 31 days.
Premiums are paid monthly in advance.
Any premium received after 40 days of usual strike date, will result in no cover for that month.
No refunds are due in the case of the cancellation of a policy, other than in the cooling-off period.