Cancellation in case of Credit Linked Cases Sample Clauses

Cancellation in case of Credit Linked Cases. In addition to the above, in cases the policy is linked to the credit/ loan tenure, the coverage will continue till the end of loan tenure subject to maximum tenure of 5 years, closure of the loan or policy period whichever is earlier. The Insured Person shall inform the Company of such closure of the loan immediately in order to cancel the policy/ coverage.
AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!