Shanta Waiver of Premium

Secure future for your loved ones, in any situation

Life insurance is essential for the safety of your loved ones, but what if you're unable to pay the premium due to unforeseen circumstances? The Shanta Waiver of Premium Rider will stand by you in such situations—where, even if your income stops, the insurance benefits will continue, ensuring the protection of your family.

We Offer

Shanta Waiver of Premium brings 3 exclusive plans to manage life's unexpected challenges.

Plan 1

If the premium payer unexpectedly passes away, all future premiums are waived, keeping the insurance active and your loved ones protected

Plan 2

If the premium payer suffers a sudden and permanent disability, all future premiums are waived, ensuring the insurance continues to provide coverage.

Plan 3

In the unfortunate event of the premium payer’s sudden death or permanent disability, all future premiums are waived, and the insurance remains active, safeguarding your family's

Criteria For

elegibility

Premiums waived if ill or disabled

Must meet age, health rules

For different payor and insured personnel plan 1 and 3 applies, if the payor is the insured personnel or the main plan is child education plan then only plan 2 applies.