If you are diagnosed with a condition which confirms death in a few months, 50% of the death cover amount is paid right away. However, if you (primary life) pass away before your spouse, your spouse gets your sum assured and upon their subsequent death, the respective cover is paid to nominees. If the spouse dies, respective death cover is paid to you, cover continues, and on your demise the nominees receive the death benefit. If you select this option, your spouse also gets covered under the policy and their sum assured is 50% of your base sum assured. Meaning you don’t have to pay the premiums but your policy will still be active. If you get permanently disabled due to any mishappenings, all your future premiums will be waived off. Waiver of premium on Total and Permanent Disability:.In case you are diagnosed with any of the listed 14 critical illnesses, all your future premiums will be waived off.
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