Bharti AXA Life Premium Waiver Rider
(UIN:130B005V05)
(ADVT NO:II-Sep-2024-5504)
A Non-Linked Non-Participating Individual Life Insurance Rider
With the help of this Premium Waiver Rider, you will be provided with additional protection that waives off your future premiums, in case you are faced with an unfortunate and sudden event like critical illness, permanent disability or death. So your benefits under the base plan continue as is.
4 Reasons to Buy
- Benefits of your base Policy continue even after an unfortunate event. It helps you enjoy the benefits of your base Policy, in case of critical illness, total permanent disability or death, depending on the chosen option
- Future Premiums of the base policy are waived off. You will not be liable to pay future Premiums of your base policy either on death, total permanent disability or critical illness of the Proposer.
- Multiple waiver of premium options. Option 1 provides benefit of waiving off all future Premiums due and payable under the base policy either on death or on total and permanent disability of the Proposer. Option 2 provides the benefit of waiving off all future Premiums due and payable under the Base Policy on the confirmed diagnosis of the Proposer suffering from any one of the 11 critical illnesses listed in the brochure
- Enjoy Tax benefits on Rider Premium as well as on base plan. You will be eligible for Tax benefits, if you choose option 1 of Premium Waiver Rider. You will also be eligible for Tax benefits, if you chose option 2 of Premium Waiver Rider.
Rider at a Glance
| Parameter | |
|---|---|
|
Minimum age at entry |
18 years |
|
Maximum age at entry |
65 years |
|
Maximum age at Maturity |
70 years |
|
Option 1 |
Can be opted on the Life of Policyholder if the Life Insured and Policyholder under the base policy are different |
|
Option 2 |
Can be opted on the Life of Policyholder if Life Insured and Policyholder under the base policy are different or |
|
Rider term |
Equal to the premium paying term of the base plan |
Please note that the premiums applicable will be different for standard and substandard lives.
Maximum rider premium will be restricted to 30% of the base product premium.