Waiver of Premium Benefit
A supplementary benefit helping to maintain protection in the event of total incapacity of the Insured.
With our Waiver of Premium Benefit, in the event of total disability, you remain protected while your premiums are waived.
Highlights
- Provides waiver of premium benefit from the commencement date of total disability1 if the Insured becomes totally disabled for 6 consecutive months or more
- Coverage up to the age of 60 / 652
- All benefits of the basic plan or term rider in the policy will remain the same as if the relevant due premiums had been paid
1. On the condition that notice of claim has been submitted within the applicable period specified in the provisions of this rider and subject to the conditions and limitations of the policy.
2. Only if attached to Flexi Savings and WealthMaster Variable Universal Life.
The above information is intended to be a general summary for reference only and does not form part of the policy. You should refer to the Product Fact Sheet for further details. For exact terms, conditions and exclusions, please refer to the policy provisions. For further information, please contact your New York Life Hong Kong Insurance Consultant or call our Customer Service Center Hotline at (852) 2894 9833.
