What if the life insured has more than one eligible policy

The accelerated benefit payable under all policies taken together will depend on the number of the years policies have been continuously in full force. For the policies that have been continuously in full force for at least five years but less than ten years, the maximum benefit paid under all such policies together will be limited to Rs.250,000/- or 50% of the sum assured, whichever is less.
For policies that are continuously in full force for at least ten years, the maximum benefit payable under each policy is limited to Rs.500,000/- or 50% of the sum assured, whichever is less.
The benefit will be paid (at 50% of the basic endowment benefits outstanding subject to the maximum amount) from the policy issued first to the insured. If the amount paid is less than the maximum limit then amount will be paid from the second policy issued and so on subject to the maximum limit. In other words, if life insured is covered under multiple policies and is eligible for surgical benefit, then the benefit will be paid from the policy issued first to the life insured.
5. How will APL or cash loans be treated?
If there is an APL or Cash Loan under the policy, the accelerated payment on surgery will first be used to pay off the “APL and/ or Outstanding cash loan including any other encumbrances”. The remaining part of the accelerated benefit after this adjustment will be paid to the