Bharti AXA Life Accidental Death Benefit Rider

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.

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. 50000 to Rs. 50 lakhs. 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.

Plan details

Who can buy?

WHO CAN BUY?

Parameters Eligibility
Minimum/ Maximum Age at Entry 18 years to 65 years (age last birthday)
Maximum Maturity Age 75 years
Minimum Premium Rs. 40 for Offline Products
Rs. 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
View Details

VIEW DETAILS

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.

 

Premium rates

Premium rates

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

WHAT OTHERS SAY

Trends

The insurance industry is getting digitally savvy giving policyholders the comfort of buying and managing their policy and that too at lower costs.

Expert Review

A regulatory clause makes it mandatory for life insurers to offer guaranteed returns to all its subscribers.