It is the most common problem faced by most of the people in India, if you are one of them then you are not alone. You may be thinking that how to get waiver of premium or what is the process to get waiver of premium?
Waiver of premium is an insurance term that refers to the fact that the insurance company has decided to give the policyholder a waiver of premium. This means that the insurance company is willing to pay the premium until the policy period has ended and the insurance company will not charge any further premium for the policy.
It is a very good news for the policyholders because it will give them a relief from the financial burden.
If you are looking for the process to get waiver of premium then here are some of the tips that will help you to get the waiver:
Start saving money
If you have already bought the insurance policy then start saving money. It is the only way to get waiver of premium because if you don’t save money then you will not be able to buy the policy again.
Take your medical test
It is the best way to get waiver of premium because you can get a waiver if you are found to be fit for the insurance policy. If you are taking the medical test then it will be the best time to ask the insurance company for a waiver of premium.
If you are a new policyholder then it is better to take the medical test before buying the insurance policy. It is the best way to get waiver of premium because you can get it once you are found to be healthy.
Conclusion:
I hope these tips will help you to get the waiver of premium or what is the process to get waiver of premium. I know some of you have already taken the medical test but if you are not getting the waiver of premium then you need to take the medical test again and again.