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.
Ask an Advisor| 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
Download Brochure