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Max Life Riders
Ensure financial security for family, with future premiums
waived off in case of death of the assured
All future premiums under base policy waived off as a rider benefit for critical illness
Future premiums under base policy and attached rider waived off
Only if life insured and policyholder are different individuals
Rs. 2 per annum for age at entry of 18 years
Features and Benefits
Plan at a Glance
This Rider is offered and underwritten by Max Life Insurance Co. Ltd. The Life Insurance contract is between the Proposer and Max Life Insurance Co. Ltd.
You are planning for your family’s financial future and have made the right choice by purchasing a life insurance policy that ensures long-term savings and financial protection for your family. While you have taken the first important step, it is critical that the policy is continued for its entire term, in order to enjoy the policy benefits. However, in case of any unfortunate event, how can you ensure that the policy is continued and you and your family continue to avail its benefits as promised? Max Life Insurance understands this and which is why we offer you a rider to make your financial planning comprehensive.
By adding Max Life Waiver of Premium Plus Rider to your life insurance policy, you can avail waiver of all future premiums in case of dismemberment or diagnosis of eleven (11) specified critical illnesses to policyholder or death of the policyholder (if the policyholder is different from life insured).
Max Life Waiver of Premium Plus Rider provides waiver for all future premiums under a policy and all other attaching Riders on earlier happening of either of the following events, provided the base policy and attaching Riders are in force:
In case of occurrence of any of the events mentioned above, the company will waive all future premiums under the base policy and all attaching Riders till the end of the base policy premium payment term or until the termination of the base policy due to happening of any insured event / surrender or till the end of policy anniversary on which the policyholder attains age 70 years, whichever is earlier.
The cover under this Rider will cease after a claim under this Rider is accepted and future premium(s) waived. However, the cover under the base plan and other Rider(s) will continue.
For the avoidance of doubt, the life on which risk is being covered (i.e. Life Insured) under the Waiver of Premium Plus Rider is the Policyholder of the base policy under both the cases:
Following eleven (11) Critical Illnesses are covered under this Rider:
For more details and definitions, please refer to the detailed Rider brochure available at www.maxlifeinsurance.com
While the Base Policy and this Rider is in force, all future premiums payable for the base plan and the attached Rider will be waived off, in case policyholder being subject to one (or more) of the following impairments (due to injury or illness) which persists continuously for 180 days and deemed permanent in the opinion of a medical practitioner appointed by the Company:
This Rider does not offer any Maturity Benefit
This Rider does not offer any Surrender Benefit
This Rider does not offer any cash value
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At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the hyper-link/ok, you will be accessing a website operated by a third party namely mybustickets.in. Such links are provided only for the convenience of the Client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axisbank.com
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