However in case Ravi dies due to accident, his family would get Rs 75 Lakhs (sum assured of Rs 50 Lakhs + Rs 25 Lakhs
as accidental death benefit).
If the Life Insured meets with an accidental death and had opted for Extra Life Option, then he would an additional Sum Assured
as Accidental Death Benefit.
You can choose from various available riders such
as Accidental Death Benefit, Critical Illness rider, Family Income Benefit, Waiver of Premium, etc. by paying additional rider premium amount.
o Extra Life Option: This option provides a death benefit to the nominee, which is paid as lump sum on death.In the event of ACCIDENTAL death of the life Insured, the additional sum assured
as Accidental Death Benefit is paid.
Several riders such
as accidental death benefit, critical illness rider, income benefits, and disability rider can be attached to your policy.
You can add the waiver of premium rider as well
as the accidental death benefit rider to any of these cheap life insurance policies.
You can also add the waiver of premium rider to the 30 year term life insurance policy as well
as the accidental death benefit rider.
Riders such
as accidental death benefit, hospital cash benefit, permanent and total disability rider, etc. may only available until a certain age.
There are various riders (additional benefits) such
as accidental death benefit, permanent disability rider and critical illness rider that could give a boost to your term plan.
1) Sum assured on death plus an amount is equal to the sum assured, which is the maximum of Rs2 crore will be paid
as an accidental death benefit and the policy will be terminated.
Shield Super - The variant Shield Super offers life coverage as well
as Accidental death benefit cover, Accidental total permanent disability cover and the waiver premium benefits.
Add - on benefit
as accidental death benefit rider is offered by the policy, under which in case of accidental death of the insured a sum assured amount along with accidental death benefit is paid to the beneficiary of the policy.
You can also get Optional benefits such
as Accidental Death Benefit & Critical Illness Benefit under this plan.
When you apply for your life insurance policy that requires no medical exam you are offered the waiver of premium rider as well
as the accidental death benefit rider.
Life insurance companies also offer the waiver of premium rider as well
as the accidental death benefit riders which you can attach to these policies.
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.
There are certain riders (additional benefits) such
as accidental death benefit, permanent disability rider, and critical illness rider.
His wife, who is his nominee, receives the Death Benefit which is highest of the Base Sum Assured or Base Fund Value or 105 % of the premiums paid, plus an additional amount equal to Sum Assured
as an accidental death benefit, as shown below.
One of them is known
as accidental death benefit which may add a considerable amount to the benefits offered to the beneficiary.
But with riders, such
as accidental death benefit and disability benefit, your family gets an additional sum, say in the case of death due to accident, and a steady stream of income for a long period, respectively.
(see example below) Certain riders, such
as Accidental Death benefit may exist, which would potentially increase the benefit.
Riders such
as accidental death benefit, critical illness, hospital cash and surgical care can be added for additional premiums.
Add - on benefit
as an accidental death benefit and disability rider is provided by the policy.
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..
In addition to final expense whole life insurance, Senior Life Insurance Company also offers term life policy options, as well
as accidental death benefit insurance.
This policy is customizable — with rider options such
as accidental death benefit, child protection and waiver of premium — and policyholders are given the option to convert up to the age of 65 or before the end of their term.
In that event, any insurance benefits provided by riders (such
as accidental death benefit or waiver of premiums) have generally ended.
This is commonly referred to
as an Accidental Death Benefit.
This is commonly referred to
as an Accidental Death Benefit.
The policy may be further customized by adding additional riders such
as the accidental death benefits rider, the living needs benefits rider, the benefits access Rider, and others.
Not exact matches
Like all Googlers, our named executive officers are eligible to participate in various employee
benefit plans, such
as medical, dental, and vision care plans, flexible spending accounts for health and dependent care, life,
accidental death and dismemberment, disability, and travel insurance, survivor income
benefit, employee assistance programs (e.g., confidential counseling), and paid time off.
Accidental death and dismemberment coverage can also act
as a living
benefit,
as the dismemberment coverage provides a payout if you receive certain injuries in an accident.
Even though alcoholism ranks
as one of the country's three major health problems, along with cancer and heart disease; even though it accounts for approximately 98,000
deaths every year; even though it is the root cause of most pastoral - care crises (suicides, auto fatalities, child abuse, divorces, hospital admissions,
accidental deaths and home violence); even though it costs the nation $ 120 billion annually in terms of lost work time, health and welfare
benefits, property damage, medical expenses, insurance and lost wages; and even though its effects impair the educational process of every child in every classroom, still the church acts
as though alcoholism does not exist.
Doing so would have treated a gun
as a consumer product, like a power drill or a lawn mower or a food processor, that carries with it a certain risk of
accidental injury or
death that must be weighed against its
benefits.
If you die
as the direct result of a vehicular, air, or sea accident that you did not deliberately cause, your insurer will pay your beneficiary the
accidental death benefit, which is normally twice the value of your insurance policy's face value.
2) Bharti AXA Life
Accidental Death Benefit Rider (UIN: 130B008V01): Under this rider you will receive additional sum assured as chosen in case of unfortunate event of death due to an acci
Death Benefit Rider (UIN: 130B008V01): Under this rider you will receive additional sum assured
as chosen in case of unfortunate event of
death due to an acci
death due to an accident.
Optional Riders: Additional
benefits such
as Children's Term Insurance, Grandchild Term Insurance,
Accidental Death and Dismemberment, Waiver of Premium, and Accelerated Living
Benefit may be added to some policies
as riders.
An
accidental death and dismemberment policy pays out a
death benefit if you die due to a qualifying
accidental death or if you are dismembered, such
as losing your arms or legs.
Accidental death and dismemberment coverage can also act
as a living
benefit,
as the dismemberment coverage provides a payout if you receive certain injuries in an accident.
Benefits increase 5X in case of
accidental death If you die
as the result of an accident (
as defined in your policy) before age 85, your beneficiary will be eligible to receive five times your coverage amount.
The
accidental death benefit rider (called a double indemnity rider) increases the
death benefit, if you die
as the result of an accident.
Extra
benefits are included at no additional cost, such
as Terminal Illness Cover and
Accidental Death Benefit.
4
Accidental Death Benefit Rider doubles the insurance proceeds payable when death occurs prior to age 65 as a result of accidental bodi
Accidental Death Benefit Rider doubles the insurance proceeds payable when death occurs prior to age 65 as a result of accidental bodily in
Death Benefit Rider doubles the insurance proceeds payable when
death occurs prior to age 65 as a result of accidental bodily in
death occurs prior to age 65
as a result of
accidental bodi
accidental bodily injury.
Other
benefits include
accidental death, which provides
benefits when
death occurs
as a result of an accident, family plan for insured spouse and children, disability waiver of premium, which waives the premium payments if the insured becomes disabled for more than 6 months and mortgage payment disability
benefit which offers money to continue making payments if the insured individuals becomes disabled for 60 days or longer.
Policies can be customized with riders such
as children's term rider,
accidental death benefit, disability waiver of premium and more to suit your individual needs.
Many of these plans offer added
benefits such
as accidental death coverage, which reimburses you the purchase price of your pet, if he or she accidentally dies during treatment.
This rider offers an
accidental death benefit that is equal to the policy's face amount — and pays out in addition to the whole life insurance
benefit if the insured dies
as the result of a covered accident.
This rider can provide an additional amount of
death benefit coverage to the policy beneficiary if the insured dies due to
accidental injuries that occur while he or she is riding
as a fare - paying passenger on a common carrier, such
as an airplane, a bus, or a train.
Depending on the issuer of the policy, the
accidental death benefit may extend up to a year after the initial accident occurred, so long
as the accident led to the insured's
death.
So if you contract an infection during
as an accident that doesn't take your life until six months later, your family would not receive the policy's
accidental death benefit.