Tata AIA Life Wavier Of Premium (Linked) Rider
Tata AIA Life Insurance Waiver of Premium (Linked) Rider which ensures your insurance benefits continue if you are unable to pay the premiums in the event of Total and Permanent Disability.
This is a linked unit deducting rider, with rider coverage term equal to the premium paying term (PPT) of the base plan. If the Insured becomes Totally and Permanently Disabled due to accident or sickness and hence unable to pay premium; then we will waive all the future premiums of the base plan and deduction of Waiver Of Premium (Linked) Rider charges will cease throughout the rest of the premium paying term of the base plan or till the Insured attains age of 65 whichever is earlier
This rider can be attached to individual linked products of the company.
Waiver of Premium (linked) rider is available with Tata AIA Life Insurance Fortune Pro, Tata AIA Life Insurance Wealth Pro, Tata AIA Life Insurance Wealth Maxima & Tata AIA Life Insurance Fortune Maxima.
Premiums paid under this rider are eligible for tax benefits under Section 80D. For a detailed list of exclusions/conditions, please refer the rider brochure.