Accident Benefit Rider
A Non-linked Non-Participating Rider
This rider provides you with additional cover in case of accidental death or disability. In case of disability due to accident, all future premiums under the policy will be waived.
This Rider can be chosen by the policyholder along with the base plan for a nominal premium*, either at inception of the policy or at policy anniversary, provided that it meets the eligibility conditions.
*Subject to the condition that the premiums under all life insurance riders put together shall not exceed 30% of the base plan premium.
PREMIUM PAYMENT TYPE
PREMIUM PAYMENT TERM
RP: Same as Policy Term
LP: 5 to 51 years
PREMIUM PAYMENT MODE
BENEFITS UNDER THE RIDER*
On death due to accident before the end of the rider term, sum assured under the rider is payable.
On total permanent disability, due to accident, before the end of the rider term, sum assured under this rider is payable and future premiums under the policy will be waived.
On Survival up to the end of the rider term, nothing is payable.
*Benefits under the rider are payable only if the base plan is in force. The rider benefit will cease immediately if the base plan is terminated or discontinued. The rider benefit will also cease when a claim is paid.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.