What is the period of coverage?
If the enrolment is done before May 31st of any year, the period of coverage shall be for 1 year from June 1st to 31st May.
If the enrolment is done after May 31st of any year, then the cover starts from the next month and will last till May 31st which falls after the date of enrolment.
For example, if the cover is purchased on August 10th, 2015, the cover will commence on September 1st, 2015 and will end on May 31st 2016.
In all cases you will need to pay the full year premium even if the cover is for a lesser period.