Mr. Chirag at 35 years of age, opts to buy HDFC Life YoungStar Udaan (career maturity benefit option with classic
waiver death benefit option) with the policy term of 15 years, premium payment term of 10 years, annual premium amount of Rs 50,000, and sum assured on maturity of Rs 5,00,000.
Two options for availing death benefit: Classic Death Benefit Option and Classic
Waiver Death Benefit Option.
Not exact matches
Option for
benefits to continue even after the
death of the life insured (when premium
waiver rider is opted)
Besides the conversion
option, you can also
benefit from an accelerated
death benefit rider,
waiver of premium rider and child term rider.
As mentioned in the above list of best online term insurance plans, some life insurance companies provide optional riders (like Accident
death benefit & Critical Illness) and optional features (like
waiver of premium or monthly income
options etc.,)
An MVA will not apply if a payment
option is elected that provides annuity payments for five years or longer, to pay a
Death Benefit, or if the Confinement / Terminal Illness
Waiver of Surrender Charge requirements are met.
There are also additional optional
benefits and riders, which include a
waiver of premium, children's insurance, accidental
death benefit, and / or a guaranteed
option to purchase additional insurance.
SBLI offers a full suite of whole life insurance policy riders, such as Accelerated
Death Benefit, Child Term Rider, Guaranteed Purchase
Option and
Waiver of Premium.
This life insurance plan provides a
death benefit if you should die, as well as tax - deferred growth of your account value, growth linked to a formula based on changes in an equity - index, flexible premium
options, a variety of riders and
waivers, and two
death benefit options.
Riders Available:
Waiver of Premium, Total Disability
Waiver, Accelerated
Death Benefit, Paid - Up
Option
This policy is customizable — with rider
options such as accidental
death benefit, child protection and
waiver of premium — and policyholders are given the
option to convert up to the age of 65 or before the end of their term.
These
options include a disability
waiver (available on the CPA Plan, but not on the Spouse Life plan), as well as an Accidental
Death and Dismemberment (AD&D) coverage, and an accelerated death benefit option feature for terminal ill
Death and Dismemberment (AD&D) coverage, and an accelerated
death benefit option feature for terminal ill
death benefit option feature for terminal illness.
MYTH 6: ULIPs do not have health and accident cover Reality: Since ULIPs offer insurance cover along with investment, just like any other insurance plan it too has rider
options such as Accidental
Death Benefit (ADB),
Waiver of Premium (WOP), Family Income
Benefit, Hospital Cash
Benefit (HCB), etc..
For Coverage
Option III (
Death Benefit OR Accelerated Critical Illness plus
Waiver of premium
Benefit)
In Oregon, the rider form numbers are as follows: Accidental
Death Benefit: 208 - 200; Children's Insurance: 208 - 247; Chronic Care Rider: ICC13 -231-72; Disability
Waiver of Premium: 208 - 225; Living
Benefits: 206 - 496.27; and Spouse's Paid - Up Insurance Purchase
Option: 205 - 375.
Under the Classic
Waiver option, the
death benefit will be higher of the Sum Assured on Maturity or 10 / 7 times the annual premium depending on the age of the policyholder or 105 % of all premiums paid till the date of
death.
An MVA will not apply if a payment
option is elected that provides annuity payments for five years or longer, to pay a
Death Benefit, or if the Confinement / Terminal Illness
Waiver of Surrender Charge requirements are met.
Additional
options include accelerated
benefits, accelerated
benefits with critical illness, accidental
death benefit, children's term, disability
waiver, guaranteed insurability, minimum
death benefit and spouse term riders.
Just as with the TermAccel policies, you have the
options of choosing the Accelerated
Death Benefit Rider, The
Waiver of Premium Rider and the Childrens Rider.
The term life insurance coverage that is provided via the Hartford's voluntary
benefits can include a living
benefit option / accelerated
death benefit, as well as accidental
death and dismemberment (AD&D), and a disability
waiver of premium.
There are also additional optional
benefits and riders, which include a
waiver of premium, children's insurance, accidental
death benefit, and / or a guaranteed
option to purchase additional insurance.
Optional Riders1 Additional Term Rider, Insured Children's
Benefit,
Waiver of Premium
Benefit for Total Disability, Accidental
Death Benefit and Guaranteed Insurability
Option are available at an additional cost.4
(Included in the Policy) Guaranteed Refund
Option • Accelerated
Death Benefit for Terminal and Chronic Illness Rider •
Waiver of Surrender Charges for Partial Withdrawals Rider
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Waiver Of Premium Accidental
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Option to buy the plan in the name of your spouse and opt for the Max Life
Waiver of Premium Plus Rider, which will ensure that the policy continues to stay active along with all the
benefits in case of an untoward incident such as dismemberment, diagnosis of critical illness, or
death
Besides the conversion
option, you can also
benefit from an accelerated
death benefit rider,
waiver of premium rider and child term rider.
As mentioned in the above list of best online term insurance plans, some life insurance companies provide optional riders (like Accident
death benefit & Critical Illness) and optional features (like
waiver of premium or monthly income
options etc.,)
Riders Children's Term Life Insurance
Benefit Rider 08141, 10141, 10441, A08141, A10141 Guaranteed Insurability
Option Benefit Rider 08251, 10251, 10551, A08251, A10251
Waiver of Monthly Deduction for Disability Rider 10206, 10506, A10206 Additional Insured's Level Term Life Insurance
Benefit Rider 11126, 11426, A11126 Accelerated
Death Benefit for Long - Term Care Rider / Qualified Long - Term Care Insurance Rider (FL) / Advanced
Death Benefit for Long - Term Care Rider (IN) / Accelerated
Benefit for Long - Term Care Rider (WI) 10220, 10520, A10220
There are three types of
options to choose from namely —
Death Benefit, Death Benefit plus Accidental Death Benefit and Death Benefit or Accelerated Critical Illness plus Waiver of Premium
Benefit,
Death Benefit plus Accidental Death Benefit and Death Benefit or Accelerated Critical Illness plus Waiver of Premium
Benefit plus Accidental
Death Benefit and Death Benefit or Accelerated Critical Illness plus Waiver of Premium
Benefit and
Death Benefit or Accelerated Critical Illness plus Waiver of Premium
Benefit or Accelerated Critical Illness plus
Waiver of Premium
benefitbenefit
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These riders include: income provider
option, terminal illness rider or accelerated
death benefit, chronic illness,
waiver of premium, child term rider, and conversion
option.
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Options Professional Disability Insurance Return Of Premium Term Life
3rd
option is
death benefit or accelerated critical illness plus
waiver of premium
benefit wherein the nominee gets paid the sum assured only after the insured's
death.
Offer an inbuilt
Waiver of Premium featured rider, while an
option to customize with Accidental
Death Benefit and Total Permanent Disability Rider.
You have the
option of adding the accidental
death benefit clause to any of these policies as well as the
waiver of premium
benefit.
Offer an inbuilt
Waiver of Premium featured rider, while an
option to customise with Accidental
Death Benefit and Total Permanent Disability Rider.
It provides multiple
death benefit options like Life Cover, Life Cover with inbuilt Accidental Death Benefit, Life Cover with inbuilt Waiver of Future Premiums payable on Accidental Total and Permanent Disability and Life Cover with inbuilt Waiver of Future Premiums payable on Critical Ill
death benefit options like Life Cover, Life Cover with inbuilt Accidental Death Benefit, Life Cover with inbuilt Waiver of Future Premiums payable on Accidental Total and Permanent Disability and Life Cover with inbuilt Waiver of Future Premiums payable on Critical I
benefit options like Life Cover, Life Cover with inbuilt Accidental
Death Benefit, Life Cover with inbuilt Waiver of Future Premiums payable on Accidental Total and Permanent Disability and Life Cover with inbuilt Waiver of Future Premiums payable on Critical Ill
Death Benefit, Life Cover with inbuilt Waiver of Future Premiums payable on Accidental Total and Permanent Disability and Life Cover with inbuilt Waiver of Future Premiums payable on Critical I
Benefit, Life Cover with inbuilt
Waiver of Future Premiums payable on Accidental Total and Permanent Disability and Life Cover with inbuilt
Waiver of Future Premiums payable on Critical Illness.
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Waiver Of Premium Whole Life Insurance
Popular riders available:
Waiver of Premium, Conversion
Option, Accelerated
Death Benefit, Accidental
Death Benefit, Return of Premium, etc..
Several policy riders are available: The Enrichment Rider (
option to add more coverage and cash value over time as you need it); Accident
Death Benefit (additional payment for a death as the result of an accident); Child Term Rider (coverage added for your children); Enhanced Care (cash value available for prolonged illness with access to up to 90 percent of the policy value); Flex Term Rider (a term life policy can be added that adds to the coverage for a period of time); and the Disability Waiver (premium is waived for a disability of six months or m
Death Benefit (additional payment for a
death as the result of an accident); Child Term Rider (coverage added for your children); Enhanced Care (cash value available for prolonged illness with access to up to 90 percent of the policy value); Flex Term Rider (a term life policy can be added that adds to the coverage for a period of time); and the Disability Waiver (premium is waived for a disability of six months or m
death as the result of an accident); Child Term Rider (coverage added for your children); Enhanced Care (cash value available for prolonged illness with access to up to 90 percent of the policy value); Flex Term Rider (a term life policy can be added that adds to the coverage for a period of time); and the Disability
Waiver (premium is waived for a disability of six months or more).
o All in One
option: This plan offers
Death Benefit + Terminal Illness +
Waiver of Premium on permanent disability + Accidental
Death Benefit + Critical Illness
Benefit
o Life Plus
option: This plan offers
Death Benefit + Terminal Illness +
Waiver of Premium on permanent disability + Accidental
Death Benefit
o Life & Health
option: This plan offers
Death Benefit + Terminal Illness +
Waiver of Premium on permanent disability + Critical Illness
Benefit
o Life
option: This plan offers
Death Benefit + Terminal Illness +
Waiver of Premium on permanent disability
Classic
Waiver Option - The
death benefit is higher of sum assured on
death or 105 % of the premiums paid.
Option for
benefits to continue even after the
death of the life insured (when premium
waiver rider is opted)