A waiver of premium provision may be included with which type of health insurance policy?

A waiver of premium provision is typically included in disability income policies. This provision allows the policyholder to cease paying premiums if they become disabled and are unable to work, ensuring that their coverage remains in force during the period of disability. This feature is crucial because it alleviates the financial burden of premium payments while the insured is unable to generate income.

In contrast, other insurance options may not include a waiver of premium as a standard feature. For instance, critical illness insurance is designed to provide a lump sum payment upon diagnosis of a covered illness rather than to replace income or provide ongoing benefits. Long-term care insurance focuses on providing coverage for long-term care services rather than offering a mechanism to pause payments if the insured becomes disabled. Hospital indemnity insurance typically pays a set amount per day for hospital stays but does not include provisions specifically related to premium waivers in the context of disability.

Thus, the inclusion of a waiver of premium provision is most closely associated with disability income insurance policies, reflecting the nature of the benefits they provide.