Providing additional benefits during testing times
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.
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.
WHO CAN BUY?
|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|
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.
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
The insurance industry is getting digitally savvy giving policyholders the comfort of buying and managing their policy and that too at lower costs.
A regulatory clause makes it mandatory for life insurers to offer guaranteed returns to all its subscribers.