LIC · Riders · Rider
LIC's Premium Waiver Benefit Rider
एलआईसी प्रीमियम वेवर बेनिफिट राइडर
An optional LIC rider (add-on). Availability depends on the base plan and official terms.
Verified against official LIC information by Sharda
Sharda IT Services is not LIC, does not issue LIC policies, and is not the insurer. Information is for educational and comparison purposes. Official LIC documents, prospectus, terms and quotations prevail.
Source
LIC India — Official Website
Data version
licindia-insurance-plan-2026-09-02 / sharda-lic-hub-1
Status
CURRENT
What is this plan?
LIC's Premium Waiver Benefit Rider (UIN 512B204V04) is listed under Riders on LIC’s Insurance Plans directory. Riders typically add optional cover to an eligible base policy; they are not standalone savings products.
Why someone may consider it
May be relevant when a base LIC plan allows attaching this rider for additional protection needs.
This plan may not suit everyone
Not a substitute for a full base policy; attachment rules and exclusions apply.
Key points (educational)
- Official rider listing with UIN on LIC directory.
- Can be attached only where the base plan and LIC rules allow.
Benefit flow (structure only)
- 1Eligible base policy
- 2Rider attachment (if allowed)
- 3Rider claim conditions
Timeline is educational — do not assume benefits absent from official documents.
Guaranteed vs non-guaranteed
Guaranteed
Treat amounts as guaranteed only when LIC’s official document expressly states they are guaranteed.
Non-guaranteed
Do not treat bonuses or illustrative figures as guaranteed returns.
Premium / payment
Premium depends on applicable official terms/underwriting. Check the official LIC quote. Sharda does not publish invented premiums.
Not an exact LIC premium — official LIC quote required
Refer to official documents for
- Eligible base plansOfficial
- Premium for riderOfficial
- Waiting periodsOfficial
- ExclusionsOfficial
Official documents / sources
Copyrighted LIC PDFs are not republished here — official links are preferred.
Why trust this information?
- Official LIC source used
- Plan number and UIN shown
- Last verification: 2026-09-02
- Official documents linked
- Current/withdrawn status clear
- Sharda is not LIC
FAQ
Can I buy this rider alone?
Usually riders attach to an eligible base plan. Confirm on the official rider/product page.
Explore related plans
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UIN 512B203V03
LIC's Accidental Death & Disability Benefit Rider
UIN 512B209V02
LIC's New Term Assurance Rider
UIN 512B210V02
LIC's Linked Accidental Death Benefit Rider
UIN 512A211V02
LIC's Critical Illness Health Rider
UIN 512B227V01
LIC's Female Critical Illness Benefit Rider
UIN 512B226V01
Documentation assistance enquiry
Sharda can help with information and paperwork — we are not the insurer.
Source directory: https://licindia.in/insurance-plan · Verified against official LIC information by Sharda