LIC Agent in Nagpur

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Premium Wavier Benefit  

 
         Rider is an additional benefit along a life insurance policy. It cannot be taken completely on its own. It is considered as an add-on benefit along with the base policy.
         The Waiver of Premium Rider entitles waiver of future premiums to be paid by the policy holder in case of the occurrence of the specified event like death of life insured, disability, dismemberment, etc. So in case because of certain pre-defined reasons you are unable to generate income to pay the premiums of the life insurance policy, because you have availed the Waiver of Premium Rider benefit. The rider is provided with many types of policies especially with child plans, disability plans, unit linked plans, etc.  
         There are some terms and conditions to get the benefit of the Waiver of Premium Rider (like the ones mentioned below) and they vary from company to company – so check the details before availing the Waiver of Premium Rider.

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