Shriram Life Accidental Death and Disability Income Rider
What is the Shriram Life Accidental Death and Disability Income Rider?
The Shriram Life Accidental Death and Disability Income Rider is a linked, non-participating rider that provides additional coverage against accidental eventualities.
- Buy the Shriram Life Accidental Death and Disability Income Rider online with your plan
- Coverage against permanent and total disability suffered in an accident
- High coverage levels
- Claim low and affordable premiums
Policy Term
Up to 25 years
Minimum Premium
₹55
Maturity Age
70 years
Features and Benefits of the Shriram Life Accidental Death and Disability Income Rider
Death and Disability Cover
The Shriram Life Accidental Death and Disability Income Rider provide financial protection against accidental deaths and permanent total disabilities.
Monthly Incomes
The rider claim is paid in monthly instalments for a minimum tenure of 10 years.
Low Premiums
The Shriram Life Accidental Death and Disability Income Rider have very low premiums so that you can afford the coverage.
High Coverage
The rider allows coverage of up to ₹50 lakhs for optimal protection against accidental contingencies.
Long-Term Protection
You can enjoy rider coverage for up to 25 years for long-term protection.
Flexibility in Premium Payments
Four premium payment frequencies are allowed. You can choose the frequency depending on your needs.
Eligibility and Documents Required for Shriram Accidental Death & Disability Rider
| Age Criteria | Entry Minimum: 18 years (age last birthday) Maximum: 65 years (age last birthday) |
|---|---|
| Maximum Maturity | Age 70 years |
| Rider Term | Minimum:5 years Maximum: 25 years |
| Premium Mode | Yearly, half-yearly, quarterly, monthly or once |
| Annual Premium | Minimum - ₹55 Maximum - ₹9000, subject to underwriting consideration as per the board-approved underwriting policy |
What Does The Shriram Accidental Death & Disability Rider Cover?
The Shriram Accidental Death & Disability cover provides coverage against premature demise or permanent total disablement suffered in an accident. The rider sum assured is paid if either of these contingencies occurs. However, there is no benefit payable on the policy's maturity.
What Does The Shriram Accidental Death & Disability Rider Not Cover?
If the life insured passes away naturally or due to sickness, the Shriram Disability Income Rider will not pay any benefit. Moreover, deaths or disablements from suicide, war, pre-existing illnesses, hazardous or criminal activities, etc., are also not covered.
Download Documents for Shriram Accidental Death & Disability Rider Cover
The documents for the Shriram Life Accidental Death And Disability Income Rider can be downloaded online through www.shriramlife.com. Shriram Life allows an online download facility for the ease and convenience of its customers. Simply visit the website and open the rider page. On the page, you will get the option of downloading the brochure and endorsement for the rider and using it for your reference.
FAQs
What is Accidental Death and Disability Insurance?
Accidental Death and Disability Insurance is a rider that provides additional coverage against accidental demise or disabilities by providing a steady flow of monthly regular income. You can add accidental and disability income insurance to your life insurance policy and extend its scope.
How much benefit is received under the Disability Income Benefit Rider?
In the event of accidental demise or disablement, 1% of the Disability Income Benefit Rider sum assured is paid monthly for 10 years or until the expiry of the rider term, whichever is higher.
Will I get the double sum assured if I buy the Disability Income Benefit Rider with a life insurance policy?
You can get double the sum assured in the case of accidental demise. In case of a claim, you will get both the benefits under the insurance policy as well as the Disability Income Benefit Rider. You can claim the sum assured under the plan and a 1% monthly income benefit under the rider provided the life insured has suffered death or total and permanent disability in an accident.
How to buy Disability Income Benefit Rider with a non-linked life insurance policy?
Disability Income Benefit Rider is a linked insurance rider. It can only be brought with a linked life insurance policy.