Not exact matches
Option for benefits to
continue even after the
death of the life insured (when premium waiver
rider is opted)
3) Bharti AXA Life Premium Waiver
Rider (UIN: 130B005V03): Under this
rider in case of the unfortunate event of
death, Total Permanent Disability or critical illness (in case of Policyholder) and Critical Illness (in case of Life Insured) the future premiums are waived off and the benefits under the policy will
continue.
However, with the use of certain
riders, your policy cash value and
death benefit will
continue to grow each and every year.
This
rider enables your spouse, if he or she is the sole primary beneficiary, to
continue your policy upon your
death as the new owner, at a potentially higher policy value that includes any amount that would be payable under the Enhanced Beneficiary Benefit
Rider.
The
riders available include Aegon Life AD
Rider which provides the payment of additional Sum Assured in case of accidental
death, WOP
Rider on CI where future premiums are waived if the insured is diagnosed with a Critical Illness while the coverage
continues, iCI
Rider covering four Critical Illnesses where the Sum Assured is paid in case the insured is diagnosed with any Critical Illness covered by the
rider, Women CI
Rider which covers women specific Critical Illnesses and provides part payment of the Sum Assured if the insured is diagnosed with any one of the covered illness.
In the event of
death of the policyholder, the future premiums are waived off through the inbuilt Waiver of Premium
rider but the policy
continues to run till the end of policy term
In addition, by adding appropriate
riders to the policy you can
continue to grow the cash value and
death benefit, even though no more premiums are being made.
Under this
rider, in case of accidental disability, the future premiums are waived off but the plan
continues till maturity or
death paying the promised benefits as and when they accrue.
However, with the use of certain
riders, your policy cash value and
death benefit will
continue to grow each and every year.
Unlike a CI
rider, this product provides Accelerated CI options (which means the policy will
continue with the
death benefit reduced to the extent of the critical illness sum assured paid) in two variants (7 illnesses and 35 illnesses), depending on the requirements of the customer, which is a cost effective feature and caters to a unique need.
This
rider offers waiver of all future premiums in case of dismemberment / critical illness /
death based on the following criteria, while your family
continues to receive the policy benefits.
3) Bharti AXA Life Premium Waiver
Rider (UIN: 130B005V03): Under this
rider in case of the unfortunate event of
death, Total Permanent Disability or critical illness (in case of Policyholder) and Critical Illness (in case of Life Insured) the future premiums are waived off and the benefits under the policy will
continue.
Option for benefits to
continue even after the
death of the life insured (when premium waiver
rider is opted)
A waiver of premium
rider allows the policy to
continue even after the
death of the policyholder without paying any premium till the maturity date and the child receive both the
death benefit (at the time of
death of the policyholder) and the maturity benefit (at the time of maturity of the policy).