WOP Plan
Welcome to Momentum Finserv’s Waiver of Premium (WOP) Rider, an additional rider benefit that provides financial security and peace of mind. This rider is designed to protect your insurance policy by waiving future premium payments in case of unexpected events.
Key Advantage - WOP Plan
Financial Security
With WOP, your policy premiums are waived off in case of disability or critical illness, ensuring your life coverage remains intact.
Continuity of Protection
You can continue enjoying the benefits of your policy even if you're unable to pay premiums due to an unforeseen event.
Peace of Mind
WOP provides peace of mind by relieving you from the financial burden of premium payments during challenging times.
How WOP Plan Works?
- Policy Inclusion: Add the Waiver of Premium rider to your existing life insurance policy.
- Qualification: To activate WOP, you must meet specific criteria related to disability or critical illness, as outlined in your policy.
- Premium Waiver: If you meet the criteria, your policy premiums will be waived off, allowing you to focus on recovery without financial stress.
Eligibility Criteria - WOP Plan
- Age: The eligibility criteria for WOP may vary based on your existing policy, so refer to your policy documents for specific details.
- Policy Term: You need to have an eligible life insurance policy with Momentum Finserv to add the WOP rider.
- Medical Assessment: Depending on your age and health, a medical assessment may be required for this rider.
Benefits - WOP Plan
WOP ensures that your policy remains active when you need it most, alleviating financial stress during difficult circumstances:
- Financial Security: The WOP Rider offers you financial security by ensuring that your insurance coverage remains intact even during challenging times.
- Peace of Mind: You can have peace of mind knowing that your loved ones will be taken care of, and your insurance policy will serve its intended purpose.
- Flexibility: This rider provides flexibility in terms of premium payments, making it easier for you to manage your insurance coverage.
