Frequently Asked Questions-whole-life-super-plan

Question: How many riders are available under this plan? Answer: There are three riders available under this plan. That are as follows: 1) Max Life Term Plus Rider (UIN – 104B026V01) renders extra risk coverage if the policyholder passes away 2) Max Life Accidental Death & Dismemberment Rider (UIN – 104B027V01) offers lump sum advantage during an unfortunate death/dismemberment caused because of an accident. 3) Max Life Waiver of Premium Plus Rider (UIN – 104B029V01) renders waiver of all premiums in certain case of eventuality that is mentioned below:- If the insured gets diagnosed with 11 critical illnesses that are enlisted in the policy If the insured suffers from Dismemberment Death of Policyholder (only if the Policyholder & Life insured are different) Question: What are the Surrender benefits offered by the policy? Answer: The Policyholder cannot surrender the policy unless it acquires the Surrender Value. Moreover, if the Policyholder surrenders the policy after acquiring the Surrender Value, then the surrender value will be paid. Surrender Value is stated as the higher of Special Surrender Value or the Guaranteed Surrender Value. Question: Can I get a Loan facility under this plan? Answer: No. Question: How can you revive your policy? Answer: After acquiring a Surrender Value, the policy does not tend to lapse. In case of discontinuance of premium payment, the policy will tend to become Reduced Paid Up by default. To revive a Reduced Paid Up policy you need to follow the conditions mentioned below within a period of two years from the first premium date which was not paid: If the company determines the late fee or premium submission on interest submitted by the policyholder from time to time. The company accepts the evidence of insurability delivered to the policyholder at their cost. The revival is accepted only if the Max Life approves the revival. Question: What is the maximum maturity age? Answer: 100 years is the maximum age of maturity.