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Unforeseen events cannot be predicted, but you can protect the financial future of yourself and your loved ones with Tata AIA Life Insurance Waiver of Premium (Linked) Rider.
In case you are diagnosed with Total and Permanent Disability (TPD) due to an unfortunate accident or illness, this rider ensures that your life insurance benefits will continue by waiving future premiums of the base plan. Hence you can focus on your recovery without the added stress of paying future premiums.
Provides complete coverage in the event of Total Permanent Disability (TPD) which includes inability to work, loss of limbs or sight, and loss of independent living.
In case of diagnosis of Total Permanent Disability (TPD), the future premiums of the base plan are waived off.
The premium waiver lasts for the premium payment term or until the age of 65 years, whichever is earlier.
This rider is available to purchase from entry age of 18 to 60 years
Get tax benefits as per applicable income tax# laws
Provides assurance that the insurance policy will remain active in case of Total Permanent Disability.
Minimum Entry Age |
Minimum age at entry under base product or 18 years whichever is higher |
Maximum Entry Age |
Maximum age at entry under Base product or 60 years whichever is lower |
Maximum Maturity Age |
Age till the end of Premium Paying Term of basic plan or 65 years whichever is lower |
Minimum Rider Coverage Term |
5 years |
Maximum Rider Coverage Term |
Till premium payment term of the basic plan or until the Insured reaches age 65 whichever is earlier |
Rider Charge Deduction Term |
Same as Maximum Rider Coverage Term |
Minimum/ Maximum Sum Assured |
Sum of all the future premiums of the basic plan to be waived |
Rider Charge |
The charge for the rider will be recovered monthly by cancellation of units from the unit fund of base policy |
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