Waiver of Premium

Receive full life coverage and waiver of premium in case of permanent disability

Get peace of mind with Waiver of Premium rider (WP) that provides coverage in the unexpected event resulting in becoming disabled and being unable to work (permanent disability). The company will waive premium payment of the main contract and offers continuing life coverage.

Details of Coverage

Waiver of Premium (WP1)

In case of becoming permanently disabled, the company will waive premium payment for the main contract to which this rider is appended. The disability must occur before the insured is 60 years old and must continue for at least 6 months, and the coverage will last until the insured recovers from such disability. Moreover, the waiver of premium will not decrease value of the policy.

Preliminary Underwriting Guideline

Insured age

  • 16-55 years old (coverage until 60 years old)

Policy applicants should study, read, and comprehend about coverage details and conditions before deciding to purchase. Please find more information from policy contract. In addition, company underwriting guideline will be applied.

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