Sentences with phrase «accident benefit rider option»

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.

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.

Not exact matches

The face amount options for the accident death rider are identical to the options for the natural death benefit.

MYTH 6: ULIPs do not have health and accident cover Reality: Since ULIPs offer insurance cover along with investment, just like any other insurance plan it too has rider options such as Accidental Death Benefit (ADB), Waiver of Premium (WOP), Family Income Benefit, Hospital Cash Benefit (HCB), etc..

Option of three riders, Max Life Group accidental death benefit premier rider, Max life group accelerated terminal illness rider, Max life group critical illness rider, Max life group total and permanent disability (accident) premier rider.

It has option to add additional accident rider to the base policy which offers accidental death or disability benefit.

Accidental Death Benefit Rider: In the case of death by an accident, the sum assured under accidental death rider option shall be paid additionally with the basic sum assured amount of SBI Shubh Nivesh plan.

The disability rider option is also very good here as one can get the benefits in case get permanent disability due to sickness or accident.

Several policy riders are available: The Enrichment Rider (option to add more coverage and cash value over time as you need it); Accident Death Benefit (additional payment for a death as the result of an accident); Child Term Rider (coverage added for your children); Enhanced Care (cash value available for prolonged illness with access to up to 90 percent of the policy value); Flex Term Rider (a term life policy can be added that adds to the coverage for a period of time); and the Disability Waiver (premium is waived for a disability of six months or more).