Waiver Of Premium Rider

Waiver Of Premium Rider,

Waiver Of Premium Rider Definition:

  • Definition of Waiver Of Premium Rider: Premium rider waiver is an insured person who is exempt from paying premium if the insured becomes ill, seriously injured or disabled. For example, other terms may apply. B. Meet some health and age requirements. If policy repositories are concerned about paying bills, they want to buy discounts, for example, if they get hurt at work.

    • Exemption from additional premiums is an optional provision of insurance policy which is exempt from payment of insurance premium if the insured becomes ill or disabled.
    • In order to purchase the award authority discount, you may need to meet age and health requirements.
    • The driver is included in the insurance policy for an additional fee.
    • You cannot get a premium rider release if it is already inactive or has a condition.

  • Life insurance premium or disability exemption premium paid for 6 months will be refunded after the insurance has been inactive for 6 months.

  • Insurance supplement which does not require premium if the insurance is refused and cannot work. After the disability is removed, the premium payment will continue. It is usually difficult to qualify for driver-exempt persons and the disability must be within certain parameters.

Literal Meanings of Waiver Of Premium Rider

Waiver:

Synonyms of Waiver

rejection, repudiation, refusal, disaffirmation, deferral, abdication, surrender, renunciation, relinquishment, abandonment, dispensation, disavowal

Of:

Meanings of Of:
  1. Shows the association between two entities, usually an association.

  2. It shows the relationship between the address and the historical landmark.

  3. Explain the relationship between a category or general category and specific items belonging to that category.

  4. Derived from or associated with a verb.

Synonyms of Of

by, done by, from, caused by, made by, carried out by, in, of

Premium:

Meanings of Premium:
  1. Amount paid for an insurance policy.

Sentences of Premium
  1. If the calculations are correct, the income of a pensionable worker includes the premiums that must be paid to the insurance company in addition to his salary to get equal rights.

Synonyms of Premium

bonus, additional payment, insurance payment, percentage, reward, insurance charge, extra amount, extra, additional fee, remuneration, perk, extra charge, recompense, surcharge, regular payment, instalment, prize

Rider:

Meanings of Rider:
  1. A person who can ride or ride a bicycle, especially a horse, bicycle, motorcycle or snowboard.

  2. A condition or reservation that includes something that has already been said or asked about.

  3. A small load on the balance beam for fine adjustment.

Sentences of Rider
  1. Two horsemen approached the cottage

  2. Consensus Driver: If the storm goes north, we'll run for cover

Synonyms of Rider

limits, conditions, riders, rider, horseman, horsewoman, obligations, provisions, requirements, caveats, limitations, constraints, contingencies, restrictions, provisos, jockey, stipulations, horse rider, prerequisites, reservations, qualifications