Mid Term cover of RSMD and STFI
Practically every modification in the policy issued is through “Endorsement”. If any policyholder wants to add mid-term cover of RSMD and STFI, as per terms and conditions he has to pay premium on short period scale and the cover will commence 15 days after the receipt of the premium. Further the policyholder should get not only the endorsement but also the fresh policy covering RSMD and STFI otherwise the simply endorsement shall not be acceptable to the Surveyor for settle the claim. Kindly ensure that fresh policy is issued by the Insurer. It is also applicable for deletion of these covers.