Sentences with phrase «double accidental benefit»

This illustration also includes double accidental benefit which gives the nominee an extra amount equal to sum assure in case of accidental death.

Double Accidental benefit with rider.

Not exact matches

The accidental death benefit rider (called a double indemnity rider) increases the death benefit, if you die as the result of an accident.

4 Accidental Death Benefit Rider doubles the insurance proceeds payable when death occurs prior to age 65 as a result of accidental bodiAccidental Death Benefit Rider doubles the insurance proceeds payable when death occurs prior to age 65 as a result of accidental bodiaccidental bodily injury.

Some examples include accidental death benefit, which pays double the face amount for accidental deaths, and child term rider, which adds coverage to the child of the insured.

Double Indemnity This term, no longer in common usage, refers to an accidental death benefit, which may pay a multiple (often double) of the stated death benefit if death results from an accDouble Indemnity This term, no longer in common usage, refers to an accidental death benefit, which may pay a multiple (often double) of the stated death benefit if death results from an accdouble) of the stated death benefit if death results from an accident.

Accidental death benefits — doubles or triples the benefit in the case of death by accideAccidental death benefits — doubles or triples the benefit in the case of death by accidentalaccidental means

If you were to pass away unexpectedly as a result of an accident, the amount of your death benefits can be doubled with an accidental death benefit rider.

Accidental death benefit coverage doubles over 20 years.

The benefit is doubled, up to $ 500,000, if the accidental death happens on a common carrier such as an airplane

With additional premium feature, this policy gives you the opportunity to avail the benefit of double accidental imbursement.

The accidental death benefit rider (also called a double indemnity rider) increases the death benefit if you die as the result of an accident.

Most policies allow you to get an accidental death benefit rider, which for example would double your coverage if your death was caused by an accident.

Accidental death benefit insurance is not usually included in a basic life insurance policy, so adding it to a standard policy as a rider will likely result in a somewhat higher premium; however, it will pay double the amount of the regular death benefit if the insured dies in an accident.

The Accidental Death Benefit Rider is also referred to as the famous Double Indemnity rider which I am sure most everyone has heard of.

If you had a policy like that but wanted increased coverage for accidents, you can get an accidental death benefit rider, and oftentimes, you can get up to double your coverage for accidents.

In other words, the 50 - year - old male who purchased his $ 100,000 policy for $ 1248 could double the amount of coverage to $ 200,000 total death benefit for just $ 1351 per year and the full $ 200,000 would pay out in the event that he were to die from an accidental death.

Common carrier benefits will pay double the accidental death benefit if death occurs while riding as a fare - paying passenger on a common carrier such as a boat, bus or airplane

One can also opt for a so - called accidental death policy / rider on top of a life insurance policy, so that in case of an accidental death both benefits will be paid; this is called «double indemnity».

Double accident benefit usually refers to a benefit in case of accidental death, whereby the claimant gets an additional amount over and above the sum assured.

Accidental death riders are commonly called double indemnity policies because they provide double the death benefit payout or up to twice or triple the face value of the policy.

Renewal Provision Spouse and Children's Insurance Rider Withdrawal Provision Accidental Death or Double Indemnity Rider Waiver of Premium Rider Family Income Benefit Rider Renewal Provision (a.k.a. Guaranteed Insurability Rider) When included in your life insurance policy, this provision guarantees the policy's renewability at the end of its term.

A provision in certain life insurance policies (also known as an accidental death benefit) that pays double the death benefit to a beneficiary if the insured dies in an accident or in another way as specified by the policy.

Because of most people are familiar with the phrase double indemnity the accidental death rider is thought to be one that provides double the death benefit of your policy in the event of death resulting from an accident.

Accidental death benefit riders are also referred to as «double indemnity» when the additional amount of benefit payout is equal to the original death benefit amount, causing your carrier to pay out double your original death benefit.

As per the accidental death benefit rider, the death of the person due to accident offers the double of the assured amount.

An accidental death clause is a stipulation in a life insurance policy that doubles or triples the death benefit to be given to a beneficiary in the event the policyholder dies due to unintentional or unforeseen causes.

It will increase your monthly premium; however it will pay at least double the death benefit to your beneficiaries if you die an accidental death, or are disabled due to the loss of limbs or eyesight.

If the policy includes an active accidental death rider, not only does the policy pay the face amount death benefit, but it is doubled.

Then if it has a Double Accident Benefit (DAB) rider then, in case of your accidental death, the nominee would get double the SA i.e. Rs. 2 Double Accident Benefit (DAB) rider then, in case of your accidental death, the nominee would get double the SA i.e. Rs. 2 double the SA i.e. Rs. 2 crore.

Insurance providers are offering additional benefit for Accidental death which pays double the money.

Although you will need to pay a higher premium for having the rider attached to your whole life policy, it can provide you with the peace of mind that the death benefit will be doubled for accidental death.

Various Add - on covers are available to enhance policy coverage on payment of additional premium which are Accidental Hospitalization Expenses, Accidental Hospital Daily Cash, Child Education Support Benefit, Life Support Benefit, Loan Protector, Broken Bone Modification of Vehicle / Residence, Family Transportation Benefit, Outstanding Bills Protection Benefit, Ambulance Hiring Charges, Legal Bail Expenses and Double Indemnity.

Your family and their future are offered protection through a Life Benefit of up to 1,500, 000 and an Accidental Death Benefit that doubles up to 3,000,000.