I have a pulsar policy - Premium payment term of 30 years. Can anybody explain to me how premium holiday works? Greatly appreciated.?

Premium holiday: you may temporarily suspend your regular premium payments by applying for a premium holiday after the Minimum Contribution Period, as long as the value of the Accumulation Units Account of the policy is sufficient to cover the relevant policy charges due. With no premium contribution during premium holiday, the account value of your Pulsar II policy will be significantly reduced due to fees and charges, which are still deductible during premium holiday, and your entitlement to loyalty bonuses may also be affected.

So basically after paying your premiums for a certain period of time, you can exercise the option to stop paying premiums. However, fees and charges will continue to apply, so what AXA will do is to sell the units you bought to service the premiums. In this manner, the value of your AXA Pulsar plan will fall signifcantly, and you may not get the loyalty bonuses too.

I’m not sure about pulsar per se but premium holiday usually means you stop paying premiums but your coverage is still there by using the cash values of the plan to sustain provided it’s sufficient to last till you need it to.