Sentences with phrase «accident benefit rider»

Furthermore, riders like premium waiver and accident benefit rider provide for a comprehensive coverage of your needs, on payment of additional premium.

If a policyholder having a policy with accident benefit rider option happens to meet with an accident due to which he / she becomes permanently disabled within 180 days of occurrence of the accident then the company shall pay the policyholder equal monthly installment amounts for ten years and the value of all these installment amounts will be equivalent to the accident benefit sum assured amount.

Additional protection with comprehensive accident benefit riders.

If a policy with accident benefit rider option is surrendered after attaining surrender value, then a part of the additional premium charged for providing cover after the premium payment term that is after 20 years of policy will also be refunded by us in case of permanent disability due to accident.

Availability of optional riders at low premium such as accident benefit rider, accident and disability benefit rider, critical illness rider, accelerated critical illness rider, etc..

On your 2nd query on accident benefit rider: Example 1 Say a person has bought a life insurance policy for a basic cover of Rs 10 lakhs without accidental death rider.

The premium shoots to Rs 8,265 if he buys comprehensive accident benefit rider.

Other insurance companies may offer or may not offer the accident benefit rider.

The premium shoots to Rs 8,265, if he buys a comprehensive accident benefit rider.

Concealed by the accident benefit rider, the add - on assured sum is always equivalent to the basic assured sum, and is subject to the highest ceiling per person.

A unique add - on benefit is provided by the life insurance providers through the accident benefit rider.

Under the accident benefit rider, most insurance companies also extend full benefit or partial benefits to the ones who meet with accidents, but survive with partial or permanent disability impeding their capabilities to earn for their family and self.

Therefore, before signing a proposal for life insurance cover, it makes sense to solicit an accident benefit rider.

If a policyholder who has opted for the accident benefit rider option happens to die during the tenure of the policy due to accident then his / her beneficiary will be paid the accident benefit sum assured amount as well as sum assured on death amount.

For a 33 year old individual for a cover of Rs. 50 lakhs (and for 10 years after death, a monthly income of Rs. 20,000 increasing @ 10 % simple rate of interest of first year monthly income) for 30 years, the annual premium comes to Rs. 8146 (without accident benefit rider) and Rs. 10,553 (with an accident benefit rider of Rs. 34 lakhs).

For a 33 year old individual for a cover of Rs. 50 lakhs for 30 years, the annual premium comes to Rs. 5618 (without accident benefit rider) and Rs. 7246 (with an accident benefit rider of Rs. 23 lakhs).

For a 33 year old individual for a cover of Rs. 50 lakhs (and monthly income of Rs. 20,000 for 10 years after death) for 30 years, the annual premium comes to Rs. 7472 (without accident benefit rider) and Rs. 9666 (with an accident benefit rider of Rs. 31 lakhs).

Also the accident benefit rider can be availed with these variants.

Tax benefits Premium paid towards the Critical Illness Benefit Rider or any other health - related rider will qualify for tax benefits under Sec 80D, while riders such as accident and disability benefit rider, accident benefit rider, and income benefit rider are eligible for tax benefits under Sec 80C.