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Bharti AXA Life Accidental Death Benefit Rider

(UIN: 130B008V02)
(ADVT II-Dec-2019-1995)

This non-linked and regular pay insurance rider provides 100% Sum Assured in case of death of the Life Insured due to an accident, subject to the rider policy being in-force.

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4 Reasons to Buy
  • Receive enhanced protection in case of accidental death. The nominee will receive Sum Assured in addition to the Death Benefit applicable under the Base Policy.
  • Flexibility to choose rider coverage term. The rider terms range from 5 years to 57 years, however the term cannot exceed the Premium payment term of the Base Policy.
  • Flexibility to choose rider Sum Assured. Choose the rider Sum Assured anywhere between Rs. 50,000 to Rs. 50,00,000. The Sum Assured chosen cannot be greater than the Sum Assured that is applicable under the Base Policy.
  • Enjoy Tax benefits on Rider Premium paid. Eligible under Section 80C of the Income Tax Act 1961. The Tax benefits are subject to change from time to time.
Parameter Eligibility Criteria
Minimum/ Maximum Age at Entry 18 years to 65 years (age last birthday)
Maximum Maturity Age 75 years
Minimum Premium ₹ 40 for Offline Products
₹ 25 for Online Products
Rider Term Minimum: 5 years and Maximum: 75 years less Age at Entry.
(Rider Term cannot exceed the Policy Term of the Base Policy)
Premium Payment Term Same as Rider Term
Premium Payment Frequency Annual, Semi- Annual, Quarterly & Monthly *
Death Benefit 100% of Sum Assured in case of Accidental Death

*Through ECS only

Financial protection against Accidental Death: :

In the event of death of Life Insured due to an accident, the Sum Assured under the Rider will be paid to the Policyholder/nominee in addition to the Sum Assured under the base policy and the rider will cease to exist.

 

Tax Benefits:

You can avail the tax benefits on the premiums paid subject to the prevailing provisions under Section 80C of the Income Tax Act, 1961. The tax benefits are subject to change as per change in Tax laws from time to time. There is no Maturity/Surrender Value applicable under this rider.

For Offline Products: 0.8 per 1000 Sum Assured across all ages and terms

For Online Products: 0.5 per 1000 Sum Assured across all ages and terms