There is an inbuilt
Accidental Death Benefit feature under which in case of accidental death of the insured, an additional Accidental Sum Assured is paid which is equal to the base Sum Assured subject to a maximum of Rs. 50 lakhs
I - Care option - II available with accidental
death benefit feature equal to sum assured for maximum of Rs 50L with small extra premium.
These include face amount increases without proof of insurability, dependent children coverage, and an
Additional Death Benefit feature that pays $ 200,000 in additional death benefit if both insureds die within the first 10 years.
The
guaranteed death benefit feature can give you the peace of mind that comes from knowing that your beneficiary will not lose out if you happen to die when the markets are off and your account value is down.
Amounts payable on the death of the insured are excluded, whether these amounts represent return of premiums paid, the increased value of the policy due to investments, or
the death benefit feature.
2All optional income and
death benefit features are available for an additional charge.
2All optional income and
death benefit features are available for an additional charge.
Designed For Those Who Want More ®, these products bring together a combination of growth potential,
death benefit features, and optional income protection features to help you address today's retirement challenges.
There is an inbuilt Accidental
Death Benefit feature.
The death benefit feature of a life insurance coverage is generally treated as part of the estate of the deceased policyholder.
These permanent plans provide an investment component in addition to
the death benefit feature.
Means if you are taking Rs 50 L term insurance with accidental
death benefit feature, your total sum assured would be Rs 1 Crore (Rs 50 L + Rs 50 L).
Premium for Rs 1 Crore sum assured for a 30 year individual for the 30 year policy term: I - care Rs 12,360 and with accidental
death benefit feature it would be Rs 15,281
For example, for a fee, you can add
a death benefit feature to the variable annuity.