In a new FAQ post, WhatsApp says it is giving enough time to the users to review changes at their own pace and convenience. The effective date when the new policy will come into effect on May 15. Earlier, WhatsApp just said that user accounts would become inactive if they don't accept the new policy update. Now, WhatsApp says the user accounts will remain active, however, with limited functionality.
For a short time, you'll be able to receive calls and notifications, but won't be able to read or send messages from the app, said WhatsApp in a new FAQ.