Premium Protection Plan

This is a premium waiver benefit. This rider will pay the premiums of a policy after the disability of the policy holder.

Exclusions

Professional sports people are not eligible for this benefit.

Claim Events

The following events will lead to policy payment:

  • The assured individual becomes unable, due to illness or injury, to perform the duties of his own occupation.
  • The Assured individual becomes unable, due to illness or injury, to perform the duties of any reasonable occupation.
  • The assured individual becomes confined to a bed or wheelchair.
  • The assured individual becomes unable to use his hands (part below the wrist), feet (part below the ankle joint, or the ankle joint) or eyesight, in any combination of at least two of these limbs or eyes.

Waiting period - it is important to note that there is a six month waiting period from the date of disability. Premiums are due during the waiting period, payable by the policy holder.

For more information on the Premium Protection benefit please visit your nearest Old Mutual branch, send us an email or speak to your financial adviser.