This is very cheap!
But.
1) When you pay your premium online, money will be deducted from your bank/credit card. You will never be contacted again for the required documents.
2) Because no one contacts you, with a tension you will call their customer care center(CCC). They are very polite but never give you the information you need. They will tell stories, finally ask you to goto nearest branch
3) You will walk into the nearest branch and submit all the documents, thinking that your problem will be solved. Actually your problem has started now
4) Some junk people will call you for the documents several times, ask you to submit again. Even if you submit for 10 times, they dont stop calling you
5) You will not be issued any policy.
6) If you have a lot of patience, for about 4-5 months, you might get your money back. Or else you lost your money
Go for this policy at your own risk!