PREMIUM PAYMENT SUPPORT (“WOP1”)
In modern society, insurance policies are aimed not only to protect against life or health related risks but also is a financial plan for the future of you and your family. With an Insurance Policy, you can accumulate for your children's future education, save for your upcoming retirement period or simply save for your beloved. How great is your plan, but have you anticipated the risks to your life or health that may come?
Mirae Asset Prévoir is honored to introduce Premium payment support (“WOP1”) to protect breadwinners against risks such as death and total permanent disability. Together with this product, your financial plan for the future and your family will be backed with a perfect, solid fulcrum.
Product benefits in the event of Death or Total Permanent Disability (“TPD”) of the Life Insured while the WOP1 Policy remains in force.
- The Company will waiver the collection of insurance premiums of the Main Policy and other attached Insurance products approved for waiver of premium in the same Insurance Policy (if any) until the end of the Policy term of WOP1. If the main policy is an investment-linked insurance policy, the Company will pay:
- The target premium of the investment-linked product; and
- Insurance premiums of other attached insurance policies which are waivered from premium payment in the same Insurance Policy (if any).
- At the same time as the payment of this insurance benefit, the non-waivered attached insurance policies and all other waiver of premium product will terminate.
Applies to Policies issued from: September 11th, 2024
Policy Wordings
Summary of Policy Wordings and points to note
Brochure
Applies Policies issued before September 11th, 2024
| Age at entry: From 18 to 60 years old | Policy term/ insurance term: From 05 to 47 years |
| Maximum expired age: 65 years old | Premium term: equal to Policy term |
