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Premium Waiver Benefits

Care Line Group offers a variety of Premium Waiver Benefits

Premium Waiver (increasing or level) – Death;
will pay the premium of the stand-alone benefit and attached ancillary benefits while they are still in force on the death of the premium waiver insured life.

Premium Waiver (increasing or level) – Comprehensive Disability;
will pay the premium of the stand-alone benefit and attached ancillary benefits, while they are still in force, if the insured life covered under the premium waiver:

  • suffers a disability caused by a bodily injury or illness to such an extent that he is totally and permanently unable to perform the normal duties of his own occupation(up to the policy anniversary before the insured life’s 65th birthday) OR
  • meets the requirements of one of the defined functional impairment claim events with a 100% payout.

Premium Waiver (increasing or level) – Functional Impairment;
will pay the premium of the stand-alone benefit and attached ancillary benefits, while they are still in force, if the insured life covered under the premium waiver meets the requirements of one of the defined functional impairment claim events with a 100% payout.

Premium Waiver – Retrenchment;
will pay the premium of the stand-alone benefit and attached ancillary benefits, for a fixed period of 12 months, if the premium waiver insured life is retrenched and meets the requirements of the retrenchment premium waiver.