A. Base Guaranteed Surrender Value is a percentage of the total paid premiums.
|Surrender Year||Base GSV as a percentage of total paid premiums|
A. If loan is pending against Max Life Future Secure II policy, then no, you cannot take policy loan more than once during the policy term.
A. Accident is an unforeseen, involuntary and sudden event that is caused by visible, violent and external means.
A. Death by accident is referred to any death that is caused by violent, unforeseen, involuntary and sudden event, which occurs due to visible and external means. An autopsy will prove that such death was caused by an accident directly and is independent of any mental or physical illness within a period of 180 days from the accident date.
A. No, the policy does not provide rider protection.
A. Yes, the company might charge extra premium for insuring unhealthy lives.
A. The policy will lapse only if it has not received a surrender value and if the policyholder fails to pay the premium within the grace period.
A. A lapsed policy will terminate if you do not revive it during the revival period.
A. A lapsed Max Life Future Secure II policy can be revived by submitting a written request to the company along with the following within the revival period:
The policy will be revived only if the company approves your revival request.
A. Making a claim on Max Life Future Secure II is very easy. Claimants have to submit the following to make a claim: