Can I take the interest on my policy and leave the premiums?

It is important that the policyholder waits till the end of the policy term to enjoy the full benefit of the policy. If in need of money, the policyholder may opt for (if allowed) a partial withdrawal or a loan.

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• Can I change from one policy to another using the premiums already paid on the previous?

  No. You can take a different policy but premiums paid for a particular policy cannot be assigned to another

• Can I put a hold on payment of premiums?

  If for financial constraints, you cannot pay premiums, kindly write to inform us and state the period for which you would like to hold off payment. Note that in reinstating the policy, you will be required to pay all outstanding premiums with ...

• What is Lapse and what happens when my policy lapses?

  Lapse is cessation of cover as a result of non-payment of premiums by its due date. There is however a grace period of 31 days after the due date; for payment to be effected, after which the policy may be lapsed. All benefits may be forfeited unless ...

• How much would I lose if my policy is surrendered?

  Surrendering a life insurance policy is an option, but you may not be able to recoup much of the premiums you have paid in. You will be entitled to receive some of your premiums back, but a lot of those premiums will be applied to processing charges ...

• What happens to the cash value in my policy when I die?

  In the event of your demise, StarLife will pay the death benefit. No matter how much cash value you may have had in the policy, your beneficiaries can collect not more than the stated death benefit. Any loans not repaid (plus interest) will be ...