Supplementary Benefit Riders

1. Waiver of Premium (WP)

The Waiver of Premium (WP) benefit provides that if the insured is unable to perform any and all occupations for at least six months continuously due to sickness or accident, the premium due will be paid in full by the company.

The Waiver of Premium benefit starts six months after the onset of the disability. The Waiver of Premium will be effective for as long as the insured is disabled and will continue until the maturity of the policy.

Since the company is paying the premiums, the policy continues to build cash values. Also the premiums once waived are not charged back to the policy owner and neither are they deducted from the maturity value or the death claim.

The minimum age of entry for the Waiver of Premium is 15 years nearest birthday. The maximum age of entry for the Waiver Of Premium is 55 years nearest birthday and the coverage expires automatically at 60 years nearest birthday or on expiry of policy whichever is earlier.