Most Asked

a. The request can be accepted only for inforce policies
b. Date and time stamp is mandatory on the request form.
c. All top up requests need to be underwritten with respect to AML and Risk Cover as per prevailing regulations
d. Top-up premium can be paid any time during the policy term at irregular intervals besides the basic regular premium specified within the contract and is treated as single premium e. Top-up premium can only be made only during the policy term provided all regular premiums have been duly paid.
f. At any point of time during the term of the contract, as long as top-up premium is less than 25% of all regular premiums paid till that date, the sum assured will not increase.
g. The balance amount of the top-up premium, over and above the 25% of all regular premiums paid till top up date, needs to have a subsequent insurance cover of minimum 1.25 times which would remain constant during the entire tenure of the policy

Other Questions

Top-up is a facility provided in Unit linked Life Insurance Policies. It is an amount that can be paid by a policyholder at any point of time to increase his fund value.

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