For this follow the below table: Policy periodPercentage Not exceeding 1 month20% Exceeding 1 month but not exceeding 2 months30% Exceeding 2 months but not exceeding 3 months40% Exceeding 3 months but not exceeding 4 months50% Exceeding 4 months but not exceeding 5 months60% Exceeding 5 months but not exceeding 6 months70% Exceeding 6 months but not exceeding 7 months80% Exceeding 7 months but not exceeding 8 months90% Exceeding 8 months but not exceeding 12 months100% For the remaining full policy years, the premium will be refunded on a pro-rata basis