Max Life Waiver of Premium Plus Rider

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:

• Critical Illness; or
• Dismemberment; or
• Death (only when Life Insured and Policyholder are different individuals)

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:

• If the Life Insured and Policyholder are same under the base policy
• If the Life Insured and Policyholder are different individuals under the base policy

Critical Illness:

Following eleven (11) Critical Illnesses are covered under this Rider:

• Cancer of specified severity
• First heart attack – of specified severity
• Open chest CABG
• Open heart replacement or repair of heart valves
• Coma of specified severity
• Kidney failure requiring regular dialysis
• Stroke resulting in permanent symptoms
• Major organ / bone marrow transplant
• Permanent paralysis of limbs
• Motor neuron disease permanent symptoms
• Multiple Sclerosis with persistency symptoms

For more details and definitions, please refer to the detailed Rider brochure available at www.maxlifeinsurance.com

Dismemberment:

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:

• Total and irrecoverable loss of entire sight in both eyes; or
• Amputation or loss of use, of both hands, at or above the wrists; or
• Amputation or loss of use, of both feet, at or above the ankles; or
• Amputation or loss of use, of one hand at or above the wrist and one foot at or above the ankle