Sentences with phrase «waiver of premium features»

Additional features can also be added to the policy including critical illness waiver of charges, accidental death and waiver of premium features.

The waiver of premium feature in a child insurance policy is an added bonus.

Not exact matches

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.,)

For example, a waiver of premium rider is an additional feature you can add to your policy to relieve you of your payments if you become disabled and can't work.

Most life insurance policies offer an optional feature called waiver of premium.

You can also get bonus features like accelerated death benefit (pays 92 percent if your life expectancy is 12 months or less) and a disability waiver, which means you will not have to pay your coverage premiums for the duration of your disability.

Disability Waiver / Rider (Waiver of Premium) is a feature that will pay your premiums if you were to suddenly become disabled.

For example, a waiver of premium rider is an additional feature you can add to your policy to relieve you of your payments if you become disabled and can't work.

A unique feature of this term plan is the inbuilt waiver of future premiums in case of total and permanent disability of the policyholder.

Most child plans have an inbuilt premium waiver feature or self - funding of premium which allows the policy to continue even after the death of the applicant / policyholder (parent), where the insurance company waives future premiums, allowing the child to receive complete maturity benefit.

Moreover, if the insured choose an option for any additional features provided by the insurance company like switching option or waiver of premium then the charges for the same is also deducted from the invested amount.

Some select child plans also come with the «waiver of premium» feature which ensures that all premiums are paid by the insurance company incase something happens to the parent and the child gets the corpus planned on maturity.

Premium waiver Most child plans offer premium waiver benefit — either as an option or as an essential feature of the primary plan.

What I observer that HDFC life has no WAIVER OF PREMIUM ON DISABILITY feature which is present in icici iprotect.

But if you are planning to buy the best one in the child's name, then ensure that it has a built - in feature of premium waiver in case of death of the parent.

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.,)

Child plans are different from other investment instruments because of their premium waiver feature.

A feature of some policies for the waiver of premium if the policyholder becomes permanently and totally disabled.

In the unfortunate event of demise of a parent, child plans come bundled with the feature of premium waiver as well as a lump sum death benefit offered to the surviving child at maturity.

Child plans also have the unique feature of an inbuilt premium waiver benefit.

The best part of a child insurance policy lies in its waiver - of - premium feature; under which even after the unfortunate death of the policyholder, policy does continue paying all benefits, and all future premiums is borne by the insurer on behalf of the policyholder.

In case of the untimely demise of the insured parent, many child plans have what is a called premium waiver feature that ensures that the child plan remains in force for the remaining part of the policy term.

Life insurance companies also offer other paid features on these policies, such as waiver of premium and return of premium riders.

The right to include the waiver of premium rider in the converted policy can be an important feature, particularly if the conversion to a policy with a waiver of premium rider can be made even if the insured is already disabled.

A feature added to some life insurance policies providing for waiver of premium, or payment of monthly income, or other benefits if the policyholder becomes totally and permanently disabled, as provided in the policy.

The Waiver of Premium benefit is usually available as an in - built feature or as a rider with regular premium endowment and term plans.

For instance, a term plan with the feature of waiver of premium in case of accidental disability is certainly going to cost more and provide better comprehensive coverage than a term plan which offers only death benefit.

I generally find waiver of premium a good rider or product feature to have.

Apart from death benefit, Terminal Illness and waiver of premium on Permanent Disability are inbuilt features.