Product Specification-wealth-max-plan

Policy Details Grace Period: no application of grace period in single pay plans Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim. Inclusions Partial withdrawals are allowed every year after 5 completed policy years with a minimum value of Rs.5,000 Switches are allowed every year for switching between funds Top-ups can be done through single premiums of a minimum of 5000 The top-up will increase the Sum Assured where the top-up SA will be 1.25 the top-up premium if age<45 yrs. or 1.10 times the top-up premium if age Exclusions The benefit paid in case of suicide within 12 months of policy inception or revival is the fund value as on that date.