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Cashback Program Terms and Conditions

Cashback Structure:

  • 10% Cashback on total purchase amount (excluding GST) for policies below ₹50,000 with no additional conditions or tiers.

  • 12% Cashback on total purchase amount (excluding GST) for policies above ₹50,000 with no additional conditions or tiers.

  • 15% Cashback on total purchase amount (excluding GST) for policies above ₹75000 with below conditions:

    • Policies with a sum insured above ₹20 lakh or

    • Single and Multi-year policies (2-3 years).

1. New Policy Purchase Conditions:

  • Eligibility: All new customers purchasing health insurance are eligible.

  • Minimum Premium Requirement: No minimum premium limit for eligibility, but higher premiums may unlock higher commission rates.

  • Exclusions: Specific policies may be excluded based on insurer discretion.

  • 2. Policy Portability Conditions:

    • Eligibility: Existing health insurance policies that meet the criteria below can be ported.

    • Minimum Sum Insured Requirement: Policy to be ported must have a sum insured of ₹10 lakh or above.

    • Policies with a sum insured below ₹10 lakh will be considered only in exceptional cases.

    • Portability Window: Customers must apply for portability till the date of policy expiry.

    • Documentation: Requires the customer’s current policy documents, address and id proof ,claim history, and medical reports (if required by the new insurer).

    • Approval: Portability is subject to underwriting and approval from the new insurer.

3. Referral Conditions:

  • Eligibility: Any individual can refer new customers to the insurance service, including existing carry health insurance customers.

  • Referral Bonus:

    • 10% Referral Bonus on the first year’s premium (excluding GST) for every successful referral.

Additional Conditions:

  • Referral must be registered before the purchase.

  • Referral payouts are processed after policy issuance and the cooling-off period, as defined by the insurer.

  • 4. Payment:

    • Payouts are processed after policy issuance and the cooling-off period, as defined by the insurer, via bank transfer, UPI, NEFT, or IMPS.

    5. Acceptance:

    • By participating in the referral program, you agree to these terms and conditions.