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37.6%First documentImportance of Life Insurance Riders Explained: Key BenefitsOpen original ↗
Second documentWhat are the Benefits of a Waiver of Premium Rider Policy?Open original ↗
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Life Insurance - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Life Insurance - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Glossary
Sum Insured: Sum insured is the maximum cap on the costs you are covered for in a year against any unfortunate event. It is applicable to non-life insurance policies like home and health insurance.
Glossary
Sum Insured: Sum insured is the maximum cap on the costs you are covered for in a year against any unfortunate event. It is applicable to non-life insurance policies like home and health insurance .
Should You Opt for the Life Insurance Rider?
Terminal illness rider: This rider is best fit for individuals diagnosed with a life-threatening disease. Waiver of premium or income benefit rider: Best suited if you have kids and dependents.
Who Should Opt for a Waiver of Premium Rider?
A Waiver of Premium Rider is especially beneficial for: Sole Breadwinners: If your family depends solely on your income, this rider ensures uninterrupted coverage. High-Risk Professionals: Those in physically demanding or hazardous jobs.
Types of Life Insurance Riders
Premium Waiver Rider: This rider allows policyholders to get their payable premiums waived in situations of financial emergencies. These riders are applicable in scenarios of temporary or permanent disability due to an accident or on diagnosis of life-threatening medical conditions or critical illness. The list of critical illnesses includes a first heart attack, stroke, cancer, open chest CABG and others.
What is Waiver of Premium?
A waiver of premium rider is an insurance rider that allows you to stop making premium payments under certain circumstances, such as critical illness , injury, or disability. The insurer will continue to provide coverage, and the policy will not lapse.