For Non Investment-Linked Plan
If any premium remains unpaid at the end of grace period, your policy will lapse except for policy that has the non-forfeiture option provisions. Under the non-forfeiture option provisions and provided there is sufficient guaranteed surrender value, you will automatically be provided with a loan to keep your policy active. We will notify you if this facility is put in place and the rate of interest to be charged on this loan will be determined by AmMetLife. Your policy will lapse once the guaranteed surrender value is insufficient to cover your premiums.
For Investment-Linked Plan
If you fail to pay the revised premium, your policy will still continue to be in force as long as your account value is sufficient to pay the insurance charges and other fees and charges. Your policy will lapse when your account value is insufficient to pay the insurance charges and other fees and charges.
Once your policy has lapsed, your existing coverage will discontinue or terminate and will impact your ability to get health services as you lose medical protection.