^mJ-~r : n[a^mfm PART – B: DEFINITIONS
Bg nm°{bgr ‘| à¶wº$ nm[a^m{fH$ eãX/eãXm| H$s n[a^mfmE§ {ZåZ àH$ma h¢:
1. Am¶w nm°{bgr Ho$ àma§^ hmoZo Ho$ g‘¶ ~r{‘V ì¶{º$ Ho$ {ZH$Q>V‘ OÝ‘ {Xdg na
CgH$s Am¶w h¡& bo{H$Z 18 df© H$s Am¶w Ho$ {bE ¶h nyU© dm{f©H$ df© ‘| hmoJr&
2. ‘yb nm°{bgr, nm°{bgr H$m dh ^mJ h¡, {Og‘| ‘yb {hVbm^m| H$m C„oI {H$¶m J¶m
h¡, Am¡a {OgHo$ gmW ¶h AZwd¥{Õ g§b¾ h¡&
3. AZwd¥{Õ àma§^ hmoZo H$s VmarI Bg AZwd¥{Õ H$s àma§^-VmarI h¡&
4. AZwd¥{Õ Ho$ {bE Omo{I‘ àma§^ hmoZo H$s VmarI dh VmarI h¡, {Og na {ZJ‘, ~r‘m
(gwajm) Ho$ {bE Omo{I‘ H$mo ñdrH¥$V H$aVm h¡, O¡gm {H$ Bg AZwd¥{Õ H$s AZwgyMr
‘| Xem©¶m J¶m h¡&
5. ‘¥Ë¶w {hVbm^ dh {hVbm^ h¡, Omo ~r{‘V ì¶{º$ H$s ‘¥Ë¶w na Xo¶ hmoVm h, O¡gm{H$
Bg nm°{bgr XñVmdoO Ho$ ^mJ 'gr' H$s eV© 1.H$ ‘| {d{Z{X©ï> h¡&
6. AZwd¥{Õ dh A{V[aº$ gwajm h¡ {OgH$m M¶Z ‘yb ¶moOZm Ho$ gmW {H$¶m Om gH$Vm
h¡&
7. AZwd¥{Õ Ad{Y H$m AW© dh Ad{Y h¡, Omo Bg AZwd¥{Õ H$mo MwZZo H$s {V{W na ‘yb
nm°{bgr H$s eof àr{‘¶‘ ^wJVmZ Ad{Y ¶m (25 go Bg AZwd¥{Õ H$mo MwZZo H$s {V{W
na Vm~m{bJ Ho$ Am¶w KQ>mH$a {‘bZodmbr Ad{Y), Bg‘| go Omo H$‘ hmo, ~eV] H$s
Bg AZwd¥{Õ H$s ݶyZV‘ eof Ad{Y 5 gmb hmo& Bg AZwd¥{Õ Ho$ A§Xa, AZwd¥{Õ H$s
g‘má hmoZo H$s {V{W VH$, AWm©V Cg nm°{bgr df©Jm§R> {Og ‘| ‘yb nm°{bgr ({Og
Ho$ gmW Bg AZwd¥{Õ g§b¾ h¡) ‘| Cëbo{IV ~r{‘V ì¶{º$ 25 df© H$s C‘« H$m hmo
OmVm h¡ ({nN>br OÝ‘{V{W/{ZH$Q>V‘ OÝ‘{V{W, Omo ‘yb nm°{bgr ‘| à¶moÁ¶ h¡)
‘¥Ë¶w {hVbm^ CnbãY h¡&
ZmoQ>: Bg n¥ð>m§H$Z ‘| H$ht ^r Cn¶moJ {H$E JE Aݶ eãXm| / eãXm| H$s n[a^mfm Ho$ {bE,
‘yb nm°{bgr ‘| Xr JB© n[a^mfmAm| H$mo g§X{^©V {H$¶m Om gH$Vm h¡&
^mJ-'gr' : {hVbm^
1. EH$ à^mdr nm°{bgr Ho$ A§VJ©V {ZåZ{bpIV {hVbm^ Xo¶ h¢:
(H$) ‘¥Ë¶y {hVbm^:
Bg AZwd¥{Õ H$s g‘m{á H$s {ZYm©[aV {V{W go nhbo àñVmdH$ H$s ‘¥Ë¶w hmoZo na, ‘yb
nm°{bgr Ho$ VhV Xo¶ àr{‘¶‘m| ‘|, Omo àñVmdH$ H$s ‘¥Ë¶w na Am¡a àñVmdH$ H$s ‘¥Ë¶w
Ho$ ~mX Xo¶ h¡, CZna AZwd¥{Õ Ad{Y H$s g‘m{á VH$ Ny>Q> Xr OmEJr& hmbm§{H$, {H$gr
^r AZwd¥{Õ Ho$ g§~§Y ‘| àr{‘¶‘, AJa MwZr OmVr h¡, Vmo ‘yb nm°{bgr Ho$ VhV Bg
AZwd¥{Õ Ho$ Abmdm Aݶ AZwd¥{Õ¶m| Ho$ àr{‘¶‘m| H$mo ‘m’$ Zht {H$¶m OmEJm Am¡a
g§~§{YV AZwd¥{Õ Ho$ eVm] Ho$ AZwgma ^wJVmZ Omar aIm OmEJm&
BgHo$ Abmdm, ¶{X ‘yb nm°{bgr H$s àr{‘¶‘ ^wJVmZ Ad{Y AZwd¥{Õ go A{YH$ h¡,
Vmo Bg àr{‘¶‘ Ny>Q> bm^ AZwd¥{Õ H$s g‘m{á H$s VmarI go ‘yb nm°{bgr Ho$ VhV
g^r àr{‘¶‘ ‘yb nm°{bgr Ho$ {Z¶‘m| Am¡a eVm] Ho$ AZwgma Xo¶ hm|Jo&
(I) n[an¹$Vm bm^: Bg AZwd¥{Õ Ho$ VhV H$moB© n[an¹$Vm bm^ Xo¶ Zht h¡&
2. àr{‘¶‘ H$m ^wJVmZ:
(H$) EbAmB©gr H$m àr{‘¶‘ Ny>Q> bm^ AZwd¥{Õ àr{‘¶‘, g‘¶-g‘¶ na bmJy H$am|
g{hV, Ho$db ‘yb nm°{bgr Ho$ {bE àr{‘¶‘ Ho$ gmW Xo¶ h¡ Am¡a BgH$m AbJ
go ^wJVmZ Zht {H$¶m Om gH$Vm h¡&
(I) AZwd¥{Õ Ho$ VhV àr{‘¶‘, EbAmB©gr H$s àr{‘¶‘ Ny>Q> bm^ AZwd¥{Õ H$s
A§{V‘ àr{‘¶‘ Ho$ ^wJVmZ H$s {ZYm©[aV {V{W ¶m Cggo nyd© àñVmdH$ H$s ‘¥Ë¶y
hmoZo VH$ Xo¶ h¢&
(J) EbAmB©gr Ho$ àr{‘¶‘ Ny>Q> bm^ Ho$ VhV Xmdm ñdrH$ma {H$E OmZo Ho$ ~mX, Bg
AZwd¥{Õ Ho$ {bE ~mX ‘| H$moB© àr{‘¶‘ Zht {b¶m OmEJm&
(K) Bg AZwd¥{Õ Ho$ g§~§Y ‘| ^wJVmZ {H$¶m J¶m A{V[aº$ àr{‘¶‘ ‘yb nm°{bgr Ho$
‘¥Ë¶w bm^ Ho$ {ZYm©aU Am¡a ‘yb nm°{bgr Ho$ Aä¶n©U ‘yë¶ H$s JUZm Ho$ {bE
{dMma ‘| Zht aIm OmEJm&
3. AZwJ«h Ad{Y:
‘wb nm°{bgr H$s Vah
^mJ - 'S>r' : godm nhby go g§~§{YV eV]
1. Am¶w H$m à‘mU : My§{H$ àr{‘¶‘m| H$s JUZm, àñVmd nÌ ‘| ~r{‘V ì¶{º$ H$s Kmo{fV
Am¶w Ho$ ‘yb na H$s JB© h¡, Bg{bE ¶{X Am¶w Eogr Kmo{fV Am¶w go A{YH$ nmB© OmVr
h¡ Vmo g‘¶-g‘¶ na g§emo{YV ~r‘m A{Y{Z¶‘, 1938 Ho$ A§VJ©V àmá A{YH$mam|
Am¡a Cnm¶m| g{hV, {ZJ‘ Ho$ Aݶ A{YH$mam| VWm Cnm¶m| na H$moB© à{VHy$b à^md
S>mbo {~Zm, àdoe Ho$ g‘¶ H$s ghr Am¶w Ho$ g‘¶ nm°{bgr H$s pñW{V Ho$ AZwgma
g§~§{YV ~r‘m am{e na VWm AZwd¥{Õ ~r‘m am{e (¶{X H$moB© hmo) na JUZm H$s Xa go
àr{‘¶‘ Xo¶ hmoJm Am¡a AZwd¥{Õ àma§^ hmoZo go boH$a, Eogo ^wJVmZ H$s VmarI VH$
ghr Am¶w Ho$ àr{‘¶‘m| Am¡a ‘m¡{bH$ àr{‘¶‘m| Ho$ g§{MV A§Va H$m ^wJVmZ {ZJ‘ H$mo
ã¶mO g{hV Cg Xa na Xo¶ hmoJm, {OgH$m {ZYm©aU {ZJ‘ g‘¶-g‘¶ na H$aoJm&
VWm{n, ¶{X àñVmdH$ ¶hm§ {bpIV Xam| na àr{‘¶‘m| H$m ^wJVmZ Omar aIVm h¡
Am¡a Cn¶w©º$ g§{MV F$U H$m ^wJVmZ Zht H$aVm h¡ Vmo Bg AZwd¥{Õ àma§^ hmoZo go
nm°{bgr Ho$ Xmdo ‘| n[ad{V©V hmoZo VH$, R>rH$ Am¶w Ho$ àr{‘¶‘m| Am¡a ‘m¡{bH$ àr{‘¶‘m|
H$m g§{MV A§Va, Eogo A§Va H$s à˶oH$ {H$íV na {ZJ‘ Ûmam g‘¶-g‘¶ na {Z¶V
LIC's Premium Waiver Benefit Rider
The definitions of terms/words used in the policy documents are as
under:
1. Age is the age nearer birthday of the Proposer, on whose life this
Rider cover has been taken, at the time of commencement of the
policy except for age 18 years for which the age is in completed
year.
2. Base Policy is that part of the Policy referring to basic benefit to
which this rider is attached.
3. Date of commencement of rider is the start date of this rider.
4. Date of commencement of risk for rider is the date on which the
Corporation accepts the risk for insurance (cover) as evidenced
in the Schedule of the rider.
5. Death Benefit means the benefit, which is payable on death, as
specified in Condition 1. A of Part C of this Rider.
6. Rider is an additional cover which can be opted for along with
base policy.
7. Rider Term is the Outstanding Premium Paying Term of the Base
Policy as on the date of opting this rider or (25 minus age of the
minor as on date of opting this rider), whichever is lower, subject
to minimum outstanding term of this rider is 5 years. The Death
benefit under this Rider shall be provided till the date of Expiry
of Rider i.e, Policy Anniversary on which the Life Assured under
the Base Policy, to which this Rider is attached, attains age of
25 years (last birthday/ nearer birthday as applicable under the
Base Policy)
Note: For definitions of other terms/words used anywhere in this
endorsement, the definitions given in the Base Policy may be
referred to.
PART – C : BENEFITS
1. The following benefits are payable under an in-force rider:
A. Death Benefit:
On death of Proposer before the stipulated date of expiry of this
rider, premiums payable under the Base Policy falling due on and
after the date of death of Proposer till the expiry of Rider Term
shall be waived. However, premiums in respect of any riders, if
opted for, other than this rider under the Base Policy shall not
be waived and continued to be paid as per respective rider
conditions.
Further, if premium paying term of the Base Policy exceeds the
Rider Term, all the premiums due under the Base Policy from
the date of expiry of this Premium Waiver Benefit Rider shall be
payable by the Life Assured as per the terms and conditions of
the Base Policy.
B. Maturity Benefit: No maturity benefit is payable under this rider.
2. Payment of premiums:
a. The LIC's Premium Waiver Benefit Rider premium, including
the applicable taxes from time to time, is payable only along
with the premium for the Base Policy and cannot be paid
separately.
b. The premiums under the rider are payable till the stipulated
date of payment of last premium for LIC's Premium Waiver
Benefit Rider or earlier death of the Proposer.
c. Once a claim under LIC's Premium Waiver Benefit has been
admitted, no subsequent premium towards this rider shall be
charged.
d. The additional premium paid in respect of this rider shall not
be taken into account for determination of Death Benefit of
the Base Policy and in calculating the surrender value of the
Base Policy.
3. Grace period:
Same as Base policy
PART – D: CONDITIONS RELATED TO SERVICING ASPECTS
1. Proof of Age: The premiums having been calculated on the age of
the Proposer as declared in the Proposal, in case the age is found
higher than such age, without prejudice to the Corporation's
other rights and remedies, including those under the Insurance
Act, 1938, as amended from time to time, the premiums shall
be payable in such case at the rate calculated for the correct
age at entry, and the accumulated difference between the
premiums for the correct age and the original premiums, from
the commencement of the Rider upto the date of such payment
shall be paid to the Corporation with interest at such rate as
fixed by the Corporation from time to time. However, in case
the Proposer continues to pay the premiums at the rates shown
herein, and also does not pay the above mentioned accumulated
debt, the accumulated difference between the premiums for the
correct age and the original premiums from the commencement
of this rider up to the date on which this rider becomes a claim,
with interest on each instalment of such difference at such
rate as may be fixed by the Corporation from time to time,
shall accrue and be treated as a debt due by the Life Assured/
Page 2 of 4
 Xa na ã¶mO g{hV Cn{MV hmo OmEJm, Omo Cg AZwd¥{Õ na àñVmdH$ Ûmam Xo¶ F$U
‘mZm OmEJm Am¡a CgH$s am{e, ‘yb nm°{bgr Ho$ Xmdo ‘| n[ad{V©V hmoZo na Xo¶ nm°{bgr
a³H$‘ ‘| go H$mQ> br OmEJr&
BgHo$ A{V[aº$ ¶h ^r eV© h¡ {H$ ¶{X àdoe Ho$ g‘¶ ~r{‘V ì¶{º$ H$s ghr Am¶w
Eogr h¡ {Oggo {H$ Cn¶w©º$ AZwgyMr ‘| {d{Z{X©ï> dJ© ¶m ~r‘m eVm] Ho$ A§VJ©V ~r‘o Ho$
A¶mo½¶ hmo OmVm Vmo AZwd¥{Õ {ZañV H$a Xr OmEJr&
2 μOãVr Am¡a J¡a-μOãVr {d{Z¶‘:
Hw$N> Aݶ KQ>ZmAm| ‘| OãVr:
‘wb nm°{bgr Ho$ Vah
J¡a-μOãVr {d{Z¶‘: ¶h àmdYmZ Bg AZwd¥{Õ na bmJy Zht hmoVo h¢ Š¶m|{H$ ¶h {H$gr
^r ^wJVmZ {H$E JE ‘yë¶ H$m AO©Z Zht H$aVm h¡ Am¡a AJa nm°{bgr H$mbmVrV /
àXÎm H$s pñW{V ‘| h¡, Vmo AZwd¥{Õ {hVbm^ bmJw hmoZm aÔ hmo OmVm h¡&
3. H$mbmVrV nm°{bgr¶m| H$m nwZM©bZ:
AZwd¥{Õ Ho$ nwZM©bZ H$m ‘yb nm°{bgr Ho$ nwZM©bZ Ho$ gmW {dMma {H$¶m OmEJm
Am¡a {ZJ‘ H$s ~r‘m boIZ Zr{V Ho$ AZwgma nwZM©{bV {H$¶m OmEJm& ‘yb nm°{bgr
XñVmdoμO Ho$ ^mJ S>r ‘| H$mbmVrV nm°{bgr¶m| Ho$ nwZM©bZ Ho$ VhV {Z¶‘ Am¡a eVm]
H$m C„oI {H$¶m J¶m h¡&
4 g‘n©U ‘yë¶: Bg AZwd¥{Õ Ho$ VhV H$moB© Aä¶n©U ‘yë¶ CnbãY Zht hmoJm
5. F$U: Bg AZwd¥{Õ Ho$ VhV H$moB© F$U Zht {X¶m OmEJm
6. EbAmB©gr H$s àr{‘¶‘ Ny>Q> bm^ AZwd¥{Õ H$s g‘m{á:
EbAmB©gr H$s àr{‘¶‘ Ny>Q> bm^ AZwd¥{Õ BZ‘o go {H$gr Ho$ ^r nhbo hmoZo na g‘má
H$a Xr OmEJr&
H$) àñVmdH$ H$s ‘¥Ë¶w na
I) AZwd¥{Õ H$s g‘m{á H$s {V{W (AZwgyMr ‘| O¡go Cëbo{IV {H$¶m J¶m)
J) dh VmarI, {Og na ‘yb nm°{bgr, {Oggo AZwd¥{Õ g§b¾ h¡ g‘má hmo OmVr
¶m àXÎm nm°{bgr ‘| n[ad{V©V hmo OmVr h¡&
K) AZwd¥{Õ ¶m ‘yb nm°{bgr Ho$ Aä¶n©U / aÔ H$aZo H$s VmarI
M) {Z…ewëH$ AdbmoH$Z {ZañVrH$aU am{e Ho$ ^wJVmZ na&
EH$ Mmbw nm°{bgr Ho$ VhV AZwd¥{Õ Ad{Y Ho$ Xm¡amZ nm°{bgrYmaH$ Ûmam {H$gr ^r
g‘¶ Bg AZwd¥{Õ H$mo aÔ {H$¶m Om gH$Vm h¡& Bg AZwd¥{Õ H$mo aÔ H$aZo na Hw$N>
^r Xo¶ Zht hmoJm& EH$ ~ma aÔ {H$E JE AZwd¥{Õ H$mo AZwd¥{Õ Ad{Y Ho$ Xm¡amZ Xmo~mam
Zht MwZm Om gH$Vm h¡&
7. {Z…ewëH$ AdbmoH$Z Ad{Y :
¶{X nm°{bgrYmaH$ nm°{bgr Ho$ {Z¶‘ Ed§ eVm] go g§Vwï> Zht h¡ Vmo nm°{bgrYmaH$
Ûmam nm°{bgr XñVmdoO àmá H$aZo H$s VmarI go 15 {XZ (B§Q>aZoQ> Ho$ ‘mܶ‘
go nm°{bgr IarXZo na 30 {XZ) H$s {Z…ewëH$ AdbmoH$Z Ad{Y Ho$ Xm¡amZ dh
Amn{Îm¶m| H$m H$maU ~VmVo hþE nm°{bgr {ZJ‘ H$mo bm¡Q>m gH$Vm h¡ & nm°{bgr àmá
hmoZo na, {ZJ‘ nm°{bgr H$mo {ZañV H$a XoJm Am¡a gwajm Ad{Y Ho$ {bE g‘mZwnmVr
Omo{I‘ àr{‘¶‘ (àr{‘¶‘ Nw>Q> {hVbm^ Ho$ {bE) VWm {M{H$Ëgm Om§M, {deof
[anmoQ>m] Am¡a ñQ>m§n ewëH$ Ho$ à^ma H$mQ>H$a O‘m {H$E JE àr{‘¶‘ H$s am{e bm¡Q>m
XoJm &
^mJ - B©
bmJw Zht
^mJ - E’$: Aݶ {Z¶‘ Am¡a eV]
Proposer against the said Rider and shall be deducted from the
Policy moneys payable under the Base Policy on the Base Policy
becoming a claim.
Provided further that if the Proposer's correct age at entry is
such as would have made him/her uninsurable under the class
or terms of assurance specified in the said Schedule hereto
otherwise the rider will be cancelled.
2. Forfeiture and Non-forfeiture Regulations:
Forfeiture in Certain Other Events:
Same as Base policy
Non-forfeiture Regulations: These provisions do not apply to
this rider as it does not acquire any paid up value and the rider
benefit ceases to apply, if policy is in lapsed/ paid-up condition.
3. Revival of lapsed Policies:
The revival of the Rider will be considered along with the
revival of the Base Policy and shall be revived in accordance
with the Underwriting policy of the Corporation. The terms and
conditions are as mentioned under ''Revival of Lapsed Policies''
in Part D of the Base Policy Document.
4. Surrender Value: No surrender value will be available under this
rider
5. Loan: No loan will be granted under this rider
6. Termination of LIC's Premium Waiver Benefit Rider:
The LIC's Premium Waiver Benefit Rider will terminate on the
earliest of:
a) On the event of death of Proposer
b) The date of expiry of the Rider (as mentioned in the Schedule)
c) T he date on which the Base Policy to which the Rider is
attached terminates or is converted into a paid up policy.
d) The date of surrender/ cancellation of rider or Base Policy
e) O n payment of free look cancellation amount.
Under an in-force policy this rider can be cancelled at any time by
the policyholder during the Rider Term. Nothing shall be payable
on cancellation of this rider. The rider once cancelled cannot be
re-opted during the Rider Term.
7. Free look period:
During the Free Look period, if the Policyholder is not satisfied
with the Terms or Conditions of the rider, he/she may return the
rider within 15 days (30 days if the policy is purchased online)
from date of receipt of the policy bond stating the reason of
objections. On receipt of the same the Corporation shall cancel
the rider and return the amount of premium deposited for
this rider after deducting the proportionate risk premium (for
Premium Waiver Benefit) for the period of cover, charges for
stamp duty and charge for medical examination, special reports,
if any. In case of cancellation of Base Policy, this rider stands
automatically cancelled.
PART - E
Not Applicable.
PART - F: OTHER TERMS AND CONDITIONS

1. eV] Am¡a à{V~§Y: 1. Conditions and restrictions:

EbAmB©gr H$s àr{‘¶‘ Ny>Q> {hVbm^ AZwd¥{Õ A{V[aº$ àr{‘¶‘ Ho$ ^wJVmZ na
¶mo½¶ àñVmdH$, {OgH$s C‘« Bg AZwd¥{Õ H$mo MwZZo H$s {V{W na 18 gmb ({dJV
OÝ‘{XZ) go 55 gmb ({ZH$Q>V‘ OÝ‘{XZ) hmo, Ho$ {bE CnbãY h¡&
hmbm§{H$ ¶h AZwd¥{Õ ewéAmV ‘| CnbãY h¡, BgH$mo ‘yb nm°{bgr Ho$ àr{‘¶‘ ^wJVmZ
Ad{YH$ Ho$ Xm¡amZ, AJa nm°{bgr Mmbw hmo, {H$gr ^r nm°{bgr dm{f©H$s na MwZm Om
gH$Vm h¡, ~eV] H$s ‘wb nm°{bgr H$s eof Ad{YH$ Ed§ AZwd¥{Õ Ad{Y ݶwZV‘ 5
gmb hmo& Eogo {dH$ën H$mo Zr{‘V ì¶p³V ñd¶§ Ûmam {b{IV én ‘| MwZm OmZm Mm{hE
Am¡a Bg‘| BgHo$ {bE {ZJ‘ H$s Va’$ go H$moB© gyMZm ¶m AZwñ‘maH$ XoZm Oê$ar Zhr§
hmoJm&
‘o{S>H$b [anmoQ>© Am¡a {deof [anmoQ>©, ¶{X Amdí¶H$ hmo, àñVmd MaU ‘| ¶m nwZM©bZ
na, àñVmdH$ Ho$ ñd¶§ Ho$ IM© na {ZJ‘ H$s hm‘rXmar nm°{bgr Ho$ AZwgma hmoJ|&
2. g‘ZwXoeZ Am¡a Zm‘m§H$Z : ‘wb nm°{bgr Ho$ ~am~a&
2.
3. AmË‘h˶m g§~§Yr AndO©Z : Bg nm°{bgr XñVmdoµO ‘| H$ht ^r CëbopIV ‘¥Ë¶w
3.
na Xo¶ bm^m| Ho$ àmdYmZ Ho$ ~mdOyX, AmË‘h˶m Ho$ H$maU hþB© ‘¥Ë¶w Ho$ ‘m‘bo ‘|
Xmdm ^wJVmZ go g§~pÝYV àmdYmZ Bg eV© Ho$ AYrZ hm|Jo, O¡gm H$s ¶hm± na
{Z{X©ï> {H$¶m J¶m h¡ …
¶{X àñVmdH$ (Mmho ñdñW ¶m {d{jßV) Bg AZwd¥{Õ Ho$ VhV Omo{I‘ Ho$ ewê$
hmoZo H$s VmarI go 12 ‘hrZo Ho$ ^rVa ¶m nwZM©bZ H$s VmarI go 12 ‘hrZo Ho$
^rVa H$^r ^r AmË‘h˶m H$a bo, Vmo Bg Vah H$s pñW{V ‘|, {ZJ‘ Bg AZwd¥{Õ
H$s VhV {H$gr ^r Xmdo H$mo ñdrH$ma Zht H$aoJm (¶mZr ‘yb nm°{bgr Ho$ VhV Xo¶
àr{‘¶‘ ‘m’$ Zht {H$¶m OmEJm), hmbm§{H$, EbAmB©gr Ho$ Ny>Q> bm^ AZwd¥{Õ Ho$
{bE ^wJVmZ {H$E JE àr{‘¶‘ (H$am| Am¡a A{V[aº$ àr{‘¶‘ H$mo N>mo‹S>H$a, ¶{X
H$moB© hmo) H$m 80% dmng H$a {X¶m OmEJm, ~eV} {H$ nm°{bgr Mmby pñW{V ‘| hmo&
LIC's Premium Waiver Benefit Rider is available to the eligible
Proposer (aged between 18 years (last birthday) to 55 years
(nearest birthday) as on the date on which this rider is opted) on
payment of additional premium
While this rider is available at inception, it can also be opted for
under an in-force policy, at any time coinciding with the policy
anniversary during the premium paying term of the Base Policy
provided the minimum outstanding premium paying term of the
Base Policy and Rider Term is at least 5 years. Such option for
this rider is to be exercised by the proposer on his own in writing
without need of any intimation or reminder for the same from
the Corporation.
The medical report and special reports, if required, at proposal
stage or on revival, shall be in accordance with the Underwriting
Policy of the Corporation at the own expense of the proposer.
Assignments and Nominations : Same as Base Policy
Suicide Exclusion : Notwithstanding the provision of benefits
payable on death mentioned anywhere in this Policy Document,
the provisions related to claim payment in case of death due
to suicide shall be subject to the conditions as specified herein
under :
If the Proposer (whether sane or insane) commits suicide
anytime within 12 months from the date of commencement of
the risk under this rider or within 12 months from the date of
revival the Corporation will not entertain any claim under this
rider (i.e. premiums payable under the base policy shall not be
waived), however, 80% of the premiums paid for LIC's Premium
Waiver Benefit Rider (excluding taxes and extra premiums, if any)
shall be refunded provided the policy is in-force.

LIC's Premium Waiver Benefit Rider Page 3 of 4

 hmbm§{H$, ‘yb nm°{bgr Ed§ Aݶ AZwd¥{Õ¶m±, AJa H$moB© hmo, CZgo g§~§{YV eV]
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LIC's Premium Waiver Benefit Rider Page 4 of 4
However, the Base Policy and other Rider(s), if any, can be
continued by payment of premiums as per their respective
terms and conditions in a manner similar to the policies where
no LIC's Premium Waiver Benefit Rider is opted for.
4. Tax: Statutory Taxes, if any, imposed on such insurance riders by
the Govt. of India or any other constitutional tax Authority of
India shall be as per the Tax laws and the rate of tax as applicable
from time to time.
The amount of applicable taxes payable as per the prevailing
rates, shall be payable by the policyholder on premiums
including extra premiums, which shall be collected separately
over and above in addition to the premiums payable by the
policyholder. The amount of Tax paid shall not be considered for
the calculation of benefits payable under the rider.
5. Normal requirements for a claim: The normal documents
which the claimant shall submit while lodging the claim in case
of death of the Proposer shall be claim forms, as prescribed by
the Corporation, accompanied with original policy document,
proof of death, medical treatment prior to the death (if any),
school/college/employer's certificate, whichever is applicable,
to the satisfaction of the Corporation. If the age is not admitted
under the policy, the proof of age of the Proposer shall also be
submitted.
Within 90 days from the date of death, intimation of death along
with death certificate must be notified in writing to the office of
the Corporation where the policy is serviced for any claims to be
admissible. However, delay in intimation of the genuine claim by
the claimant, may be condoned by the Corporation, on merit,
and where delay is proved to be for the reasons beyond his/her
control.
In addition to above, any requirement mandated under any
statutory provision or as may be required as per law shall also be
required to be submitted.
6. Legislative Changes: The Terms and Conditions including the
premiums and benefits payable under this rider are subject to
variation in accordance with the relevant Legislation Regulations.
PART - G: STATUTORY PROVISIONS
Section 45 of Insurance Act, 1938: Same as Base Policy
Grievance Redressal Mechanism: Same as Base Policy
Note:• In case of dispute in respect of interpretation of these terms
and conditions and special provisions/conditions the English
version shall stand valid.
• T he conditions mentioned in this endorsement are not to
be read in isolation but in agreement with the conditions
mentioned in the base policy
YOU ARE REQUESTED TO EXAMINE THIS POLICY, AND IF ANY MISTAKE
BE FOUND THEREIN, RETURN IT IMMEDIATELY FOR CORRECTION.