Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider (UIN: 110A025V02)
Linked, Individual, Health Insurance Rider
When any member of the family becomes totally and permanently disabled, it lays a significant financial stress on the family’s budget. Meeting the unexpected costs of treating and managing such a disability may make it difficult to keep up with the premium payments charged on the life insurance investment plan. Death of an earning member can also interfere with the premium paying capability. Failing to pay life insurance premiums as and when they are due would result in policy lapse and cancellation of your coverage. This would result in you not achieving your intended goals through the insurance policy.
The Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider is an optional unit deducting rider, which ensures that insurance benefits under the plan continue to remain in place, even if you are unable to pay the premiums towards the base plan owing to total and permanent disability, or death of the proposer.