Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider is an optional accidental death benefit rider offered by Tata AIA Life India Life Insurance Company Limited to give its policyholders an added level of protection. Tata AIA Life ADB Rider is a linked accidental death benefit rider for people who require enhanced protection at an additional premium. This rider make sure that the insured person is not burdened if they are unable to pay the premiums in the event of any unfortunate accident. Under this ADB Rider, you can get the following benefits:
Listed below are the eligibility factors you must meet to purchase Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider:
|Minimum entry age||18 years|
|Maximum entry age||60 years or maximum entry age of base policy, whichever is lower|
|Maximum maturity age||Till the end of the premium paying period or 65 years, whichever is lower.|
The Policy Term and Sum Assured for Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider are as follows:
|Minimum Rider Term||5 years|
|Maximum Rider Term||As per the base policy, subject to a maximum maturity age of 65 years|
|Minimum and Maximum Sum Assured||The sum assured is the sum of all future premiums of the basic plan to be waived.|
This is an linked unit rider where the coverage term is equal to the base plan's premium paying term. During the term of the policy, if the policyholder is unable to pay the pay the premiums due to total or permanent disability due to an illness or accident or in the event of death of the policyholder, then the insurer will waive all the future premiums. Please note that under this plan, the life insured and the proposer are two different individuals. Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider can be added to any individuals plans offered by Tata AIA.
Under Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider, the company will not be liable to pay any benefit in the case of the total permanent disability or death of the life insured caused either directly or indirectly by any of the following:
Other key features – Freelook Period, Surrender Values, Grace Period etc.
Listed below are the key features of Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider:
Under Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider, you can get tax deductions on premiums paid under Section 80C of the Income Tax Act, 1961.
There are several other benefits of purchasing insurance plans and riders from Tata AIA Life India Life Insurance Company Limited such as:
The other benefits of Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider are listed below:
Tata AIA Life Insurance Company Limited is one of the leading insurance companies in India. From protection plans and wealth solutions to child insurance plans and retirement solutions, they offer it all. All their term insurance plans are affordable and are designed to meet a policyholder’s requirements. As it is one of the reputable insurance brands in India, they offer flexible insurance options from time to time. They offer group insurance as well as personal insurance plans that are designed to cater to the specific needs of its customers from different backgrounds. Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider offers an added level of financial protection to the life family in the case of any unfortunate event such as accidental death.
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