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Waiver of Premium Rider
Provide financial peace of mind for the parents in saving for their kid, regardless of what happen in life!
How to gain the absolute peace of mind for the best plans for your children?
You trust in Prudential to provide the best product for your kid, however, you sometimes think your kid’s future is still uncertain if you unfortunately cannot pursue the policy you purchased.
Waiver of premium is a supplementary product (rider) which helps to give you peace in mind about future plans for your kid whatever risks you may encounter.
Benefit
If the policyholder (parents or legalized guardian) unfortunately dies or becomes Total and Permanent Dismemberment, the main product of Life Assured (kid) and other supplementary products (if any) are still in force without further premium payment treatment expense.
The waiver of premium rider
Provide financial peace of mind for the parents in saving for their kid, regardless of what happen in life!
Benefit Illustration
Mr. A, 30 years old purchased Pru Cash Double (Phu-An Gia Tich Luy Dinh Ky) for the 6-month kid with Sum Assured (SA) of VND 120 million, policy term of 20 years. In mean time, Mr. A also attached Waiver of premium supplementary product (rider) with 20 years term. Three years later, he unfortunately suffers from Total and Permanent Dismemberment (TPD) due to accident and the benefit illustration as the following:
Criterion requirements
Criterion requirements
One of the purchased main products
New Universal Life (Phu-Toan Gia An Phuc)
Whole Life (Phu-Truong An)
Pru Cash Double (Phu-An Gia Tich Luy Dinh Ky)
Pru Smart Saver (Phu-Hung Thinh)
Age of entry
18 – 60 years old
Max age of expiry
65 years old
Note: Please refer to Terms and Conditions to learn more detail
