Sentences with phrase «premiums under the rider»

Till the time the insured recovers and becomes employed once again, the insurance company gives up the right to collect premium or waives off the premium under this rider.

Conditions >> As mandated by IRDAI rules, the total rider premium under all riders put together can not exceed 30 percent of the base plan premium.

Not exact matches

Waiver Premium Rider The monthly premium specified under the rider is credited to the policy if the insured becomes totally disabled for at least 6 months before age 65.

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 contUnder 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 contunder the policy will continue.

Waiver of Premium Rider The monthly premium specified under the rider is credited to the policy if clients become totally disabled for at least 6 months before age 65.

Premium Waiver rider (UIN: 130B005V03): 100 % of all future premiums under the base policy are waived and paid by the company on the death & total permanent disability or critical illness of Proposer, depending on the chosen option.

Bharti AXA Life Term Rider (UIN: 130B009V01): Under this rider the policyholder can increase the life insurance coverage for a nominal premium.

Bharti AXA Life Premium Waiver Rider: - Under this rider future premiums will be waived off in case of critical illness (for rider taken by Life Insured) and under Critical Illness / Death or ATPD / Both incase Rider is taken by propoUnder this rider future premiums will be waived off in case of critical illness (for rider taken by Life Insured) and under Critical Illness / Death or ATPD / Both incase Rider is taken by propounder Critical Illness / Death or ATPD / Both incase Rider is taken by proposer).

Bharti AXA Life Term Rider: Under this rider the policyholder can increase the Life Insurance coverage for a nominal premium.

Premium Waiver Rider: - Under this rider future premiums will be waived off in case of critical illness (for rider taken by Life Insured) and under Critical Illness / Death or ATPD / Both incase Rider is taken by propoUnder this rider future premiums will be waived off in case of critical illness (for rider taken by Life Insured) and under Critical Illness / Death or ATPD / Both incase Rider is taken by propounder Critical Illness / Death or ATPD / Both incase Rider is taken by proposer).

Waiver of Premium: A particularly effective rider for business owners under the age of 60, the WoP rider kicks in if you are disabled, waiving all premiums due on your policy for the entire duration of the coverage, or until you are no longer disabled.

Filed Under: Life Insurance Riders Tagged With: life insurance return of premium, Return of Premium Life Insurance, return of premium life insurance quotes, return of premium term life insurance, term life insurance

So if you have two or more children under the age of 18, this rider can be a cost effective way to purchase coverage for all of your children with one low premium.

The rider states that if the parent who is the policyholder and life insured under the plan dies during the tenure of the plan, all future premiums payable under the plan will be waived and paid for by the company.

Option for additional cover is available under the same basis additional premium for pillion rider.

Moreover, it also provides the benefits of waiver of premium rider under which all the future premiums are waived off in case of uncertain demise of the insured person.

Add - on covers, like riders, seek to enhance the scope of coverage extended under the two - wheeler insurance plans and can be added by paying a small extra premium.

Additional protection is available in the under the Critical Illness Benefit rider, that may be added to the policy by paying extra premiums.

Under the rider, future premiums are waived off in case of death, disability or critical illness if it happens within the duration of the Max Life term plan.

An individual or business, who requires coverage for any excluded event under all risks may have the option to pay an additional premium, known as a rider or floater, to have the peril included in the contract.

1) War Risk Coverage In consideration of the payment of premium calculated in the manner stated in the policy to which the rider is attached, it is hereby agreed that for additional premium the policy is amended as follows: Any Exclusion under this Plan for «declared or undeclared war or any act thereof» is waived for an Insured Person's loss caused in whole or in part by, or resulting in whole or in part from, declared or undeclared war or any act of declared or undeclared war, subject to the following restriction: The waiver only applies with respect to accidents that occur within the geographic limits or territorial waters of, or airspace above the geographic limits or territorial waters of a Designated War Risk Territory (as defined herein).

If the policy holder becomes totally of permanently disabled, then the company shall waive all his future premiums under the base plan and rider covers.

Hence, the rider offers a distinct benefit under which all future premiums are waived off in case the insured is diagnose with any of the critical illnesses recognized by Aegon Life.

In consideration of the payment of premium calculated in the manner stated in the policy to which the rider is attached, it is hereby agreed that for additional premium the policy is amended as follows: Any Exclusion under this Plan for «declared or undeclared war or any act thereof» is waived for an Insured Person's loss caused in whole or in part by, or resulting in whole or in part from, declared or undeclared war or any act of declared or undeclared war, subject to the following restriction: The waiver only applies with respect to accidents that occur within the geographic limits or territorial waters of, or airspace above the geographic limits or territorial waters of a Designated War Risk Territory (as defined herein).

My recommendation is that if you buy a policy that is inexpensive and you know you will be able to afford the premium under any circumstance, you don't need to pay an additional fee for this rider.

Samir can claim tax benefit under Section 80C on the total premium paid out on his term plan i.e. including critical illness rider premium as also other riders.

This is a fantastic rider combo as the waiver of premium will cover your premium on the original face amount, plus additional coverage you purchased under the GIO rider.

Children's rider — This option is available for an extra monthly premium that provides life insurance for your children under your policy and this rider will cover all eligible children for the same cost.

You can enhance the protection under this plan by adding riders at a nominal additional premium.

Premium for rider benefits if selected will be collected over and above the premium under Basic Plan.

Max Life Partner Care Rider: (UIN: 104A023V01) Under this rider, in the event of death of the insured, the nominee gets an additional sum of all the future premiums payable under the base policy, subject to a maximum age of 60 yUnder this rider, in the event of death of the insured, the nominee gets an additional sum of all the future premiums payable under the base policy, subject to a maximum age of 60 yunder the base policy, subject to a maximum age of 60 years.

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.

Premium Shield Rider — If the insured suffers permanent disabilities, then the premium shield rider would pay off the future premiums under the base plan.

The frequency of rider premium will be same as frequency of premium under basic plan

Once claim under this rider is accepted and future premium (s) are waived; then in case of termination of base policy due to happening of any insured event or surrender (only if surrender value is available under the base policy), the following benefits are payable: -

You will receive Guaranteed Maturity Sum Assured which is equal to 100 % of total premiums payable (excluding taxes, rider premium, modal loadings and extra underwriting premium, if any) under the policy.

Also, the waiver of premium benefit under the rider continues in the plan in case of disability.

* The Maturity benefit shall not be less than 101 % of the contractual base premium payable under the policy excluding service tax, rider premiums and premiums paid for extra mortality loading.

Tax Benefits — Under Section 80C and Section 10 (10D) of the Income Tax Act, you can avail the tax benefits on the premiums paid Riders available:

The death benefit under this plan is the sum assured + return on premium excluding the extra riders and the first year's premium + loyalty addition.

For instance, if you opt for an accidental death rider, you can claim deductions under section 80 C on premiums paid; for critical illness, the relevant section will be 80 D.

Max Life Partner Care rider can be availed under the plan wherein the aggregate of all future premiums payable till the end of the term or till the insured attains 60 years of age is payable immediately if the insured dies during the tenure of then plan.

In case of disablement, even if you do not have any riders, all future premiums under the basic plan will be waived.

Since the premium on term insurance riders is added to the base premium of the term plan, it is deductible under section 80C as per Income Tax Act.

Other riders and covers under SBI Shubh Nivesh continue till the end of chosen endowment term upon payment of premiums.

For example, if you buy a child insurance plan, then you can avail the waiver of premium rider or critical illness rider provided under the policy.

Under this, the policyholder can develop protection by choosing for riders by a normal additional premium payment.

Under this plan, you can enhance the protection by opting for riders for a very nominal amount of extra premium.

An inbuilt waiver of premium rider is provided under the plan which waives future premiums in the event of any critical illness.

Aegon Life iDisability Rider (UIN 138B014V01): This rider pays lump - sum benefit under the rider plus waives off the future premiums payable under the base plan upon permanent disability of the Life Assured due to accident or sickness.