Edelweiss Life Payor Waiver Benefit Rider (UIN No.:147B014V06)
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Edelweiss Life Payor Waiver Benefit Rider (UIN No.:147B014V06)
With this rider, if the proposer of the policy suffers from an unfortunate event like death, disability or critical illness, all future premiums are waived off and the policy continues for the life insured.
UIN No.: 147B014V06
Rider Features
Unforeseen circumstances like diagnosis of a critical illness or disability can have long-reaching effects. It can change your lifestyle and can have an adverse effect on your everyday processes. This Rider provides assistance in such a case - diagnosis of one of listed critical illnesses, a total and permanent disability caused by an accident or death. In such a case, all your remaining premium payments will be waived off and your policy benefits will continue unaffected. This Rider is applicable on plans where the life insured and proposer of the policy are different people.
This optional benefit has an entry age of 18 to 65 years and its maturity age is 70 years. Your payment frequency and term for this rider should coincide with the selection made for the base plan. The minimum premium amount you will have to pay is Rs. 3.40, while the maximum premium will be restricted to 30% of the base product premium. The minimum premium amount that will be waived off through this rider is Rs. 1000, whereas there is no limit for the maximum premium amount.
This Rider covers the following critical illnesses - Cancer of Specified Severity, Open Chest CABG, Myocardial Infarction (First Heart Attack of specific severity), Open Heart, Replacement OR Repair of Heart Valves, Kidney Failure Requiring Regular Dialysis, Third Degree Burns, Major Organ / Bone Marrow Transplant, Permanent Paralysis of Limbs, Stroke Resulting in Permanent Symptoms, Surgery of Aorta, Coma of Specified Severity and Blindness. This Rider offers a 15-day Free Look period and the Grace Period is the same as the base plan.
Riders do not in any way indicate the quality of the contract, its prospects or returns. Please know the associated risks and the applicable charges from your Intermediary or Financial Advisor. Tax benefits are subject to changes in the tax laws. Riders are optional and available at an extra cost. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale.
Edelweiss Life - Accidental Total and Permanent Disability Rider is an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider. UIN 147B001V05
Edelweiss Life - Accidental Death Benefit Rider is an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance Rider. UIN 147B002V05
Edelweiss Life – Payor Waiver Benefit Rider is an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Life Insurance Rider. UIN 147B014V06
Edelweiss Life - Critical Illness Rider is an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider. UIN 147B005V05
Edelweiss Life - Waiver of Premium Rider is an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider. UIN 147B003V06
Edelweiss Life – Income Benefit Rider is an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Life Insurance Rider. UIN 147B015V02
Flower & Edelweiss (as displayed above) are trademarks of Edelweiss Financial Services Limited used by Edelweiss Life Insurance Company Limited under license.
Edelweiss Life Insurance Company Limited (formerly known as ‘Edelweiss Tokio Life Insurance Company Limited’).
IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336 | ARN. NO : WP/3931/Oct/2024
Registered & Corporate Office: 6th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai 400070.
Toll Free No.: 1800 212 1212 | www.edelweisslife.in
BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRAUDULENT OFFERS IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint |