Please be aware of this company and their policies sold by unscrupulous agents for commission and encouraged by the company. Please go to the office and get all the assurances given by the agent on the letter head of the company under seal and signature of the company.
There are many loop holes. Take for example super cash gain policiy sold till recently. They promise that you pay premium for 3 years and rest two years it will be in auto cover period. You can adjust the cash back you receive at the end of 5 years( This is for a 20 year policy) and remaining amount along with 20% reversionary bonus(calculated at 4% per annum)and surrender value at 20% of the sum insured(as per the table in the policy document) shall be given. This does not happen. You loose all most 2 years premium and hardly get one year premium. If you paid a lakh premium per annum for 3 years you would get only 1 lakh at the end of 5 years. This is how the company is thriving. No transparency. No discussion with client.
Everything is hurried through. Documents are faulty. Takes long time to correct even small typos.
There is no proper explanation and IRDA is not properly apprised. Now they say from 2014 the minimum premium payment term is 5years. It is all bogus.
Even Reliance life insurance is offering such schemes and I am not sure if the story is different.
Be aware and do not fall prey.
