Not exact matches
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..
If you had a policy
like that but wanted increased coverage for
accidents, you can get an accidental
death benefit rider, and oftentimes, you can get up to double your coverage for
accidents.
Riders like critical illness cover,
accident death or disability cover, hospital cash etc. gives you additional
benefits under insurance policy.
The
riders are for critical illnesses
like a heart attack,
death by
accident & for income
benefits on disability.
This is nothing but
like an additional
rider benefit and you have to pay extra premium for the same to get the
benefit of
accident death benefit rider.
Yes i have term and i have
accident death benefit rider but nothing
like the one you described above.