An accident death benefit rider pays out an additional death benefit to the beneficiary (that's above the current benefit limit of the policy) if you should die as a result of an accident.
For example:
The accident death benefit riders offered by most of the life insurance companies do not offer «permanent disability benefit» which I believe is must have risk cover.
An accident death benefit rider pays out an additional death benefit to the beneficiary (that's above the current benefit limit of the policy) if you should die as a result of an accident.
An accident death benefit rider pays out an additional death benefit to the beneficiary which is above and beyond that of the normal policy face amount.
In addition to that, it comes with
an accident death benefit rider, which provides for an extra amount equal to accident death benefit sum assured on death due to accident.
Additionally, it comes with
an accident death benefit rider that provides for an extra amount equivalent to accident death advantage sum assured on death due to a mishap.
The death proceeds amount to Rs 50 lakhs thanks in large part to
the accident death benefit rider.
Currently, most of the insurance companies are offering
accident death benefit rider as part of their term insurance plans.