Tata AIA Life Insurance
Waiver of Premium Plus (WOPP) Rider
Non Linked, Non Participating Individual Health Insurance Premium Paying Rider
When any family member 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 plan. The 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 and inability to live up to your promise of Rakshakaran.
The Tata AIA Life Insurance Waiver of Premium Plus (WOPP) Rider is an optional premium paying rider, which ensures that insurance benefits under the plan continue to remain in place, even if you are unable to pay the premiums under the base plan owing to total and permanent disability, or death of the policyholder.
