Axis Max Life Waiver of Premium Plus Rider

Axis Max Life Waiver of Premium Plus Rider covers the following 11 Critical Illnesses:

• Cancer of specified severity
• First heart attack – of specified severity
• Open chest CABG (Coronary Artery Bypass Grafting)
• 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 with permanent symptoms
• Multiple Sclerosis with persistency symptoms

While the Base Policy and this Rider are in force, all future premiums payable for the base plan and the attached rider will be waived, in case the policyholder is subject to any of the following impairments (due to injury or illness). Such a conditions must persist 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
• Amputation or loss of use, of both hands, at or above the wrists
• Amputation or loss of use, of both feet, at or above the ankles
• Amputation or loss of use, of one hand at or above the wrist and one foot at or above the ankle

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.

Note: For more details, please refer to the Rider Prospectus available under the Downloads section.

Mr. Kumar is a 35-year-old salaried professional, who is married, and has a 4-year-old child. He is a responsible individual who always takes care of his family. In order to plan for his family’s financial security, he buys Axis Max Life Smart Secure Plus Plan (₹1 Crore sum assured with 35 years term), on his life, making his wife the nominee under the policy. Further, in order to ensure there is no discontinuity in policy benefit, he also buys Axis Max Life Waiver of Premium Plus Rider at a nominal price.

Here are the following illustrative scenarios that can occur during the course of the policy of Mr. Kumar:

Mr. Kumar is a 35-year-old salaried professional, married, and has a 4-year-old child. He is a responsible individual who always takes care of his family. In order to plan for his family’s financial security, he buys an Axis Max Life Smart Wealth Advantage Guarantee Plan (₹ 1 lakh premium with 10 years premium payment term), with his wife as Life Insured and himself as Policyholder. Further, in order to ensure there is no discontinuity in the policy benefits, he also buys Axis Max Life Waiver of Premium Plus Rider at a nominal price.

Here are the following illustrative scenarios that can occur during the course of the policy of Mr. Kumar:

Disclaimer: The above scenarios are only examples and do not, in any way, create any rights and/or obligations.