Accidental Death, Disability and Dismemberment Rider
Death Benefit
In case of death due to accident, the Sum Assured under this Rider is payable along
with the Sum Assured of the basic policy.
Definition of Accident
An event or series of events of violent, external and visible nature causing bodily
injury is defined as accident.
Total Permanent Disability
Resulting from an accident and occurring within 180 days of the date of accident
and lasting for at least 180 consecutive days. Completely and continuously preventing
the Life Assured from engaging in any occupation to earn any wages.
Definition of Loss
Physical severance or total irrevocable loss of use which results from accident
and occurs within 180 days from the date of the accident.
Dismemberment of limbs occurring within 180 days of accident
Physical severance of arm at or above wrist
Physical severance of leg at or above ankle
Physical severance of a thumb, an index finger, and at or above metacarpophenageal
joint
For group billing as a single cheque from a company: monthly facility availability
Modal Factor
Yearly: 10.86
Half yearly: 5.61
Quarterly: 2.895
Exclusions
This Rider shall not cover the death, disability or dismemberment of the Life Assured
being caused directly or indirectly by any of the following:
Any disease or infection.
ll subsequent contributions 3%
Intentional self-inflicted injury, suicide or attempted suicide, while sane or insane.
Life Assured being under the influence of alcohol, narcotics, psychotropic substances
or drugs unless taken in accordance with the lawful directions and prescription
of a qualified and registered medical practitioner.
War (declared or undeclared), war-like operations, invasion, civil commotion, riots
or revolution.
Participation in any flying activity, except as a bonafide passenger in a commercially
licensed aircraft.
Participation is a criminal or unlawful act.
Any injury sustained before the Effective Date of this Rider.
Participation in hazardous sports, hobbies or pastimes including (but not limited
to) racing, parachuting, mountaineering etc.
Atomic energy explosion or radiation of any kind.
Maximum Cover Equal to the Sum Assured under the basic policy, subject to an overall
maximum of Rs. 20,00,000/-
Maximum Cover
Equal to the Sum Assured under the basic policy, subject to an overall maximum of
Rs. 20,00,000/-
Tax benefit
Rebate under section 80 ( c ) and rider benefit is tax free under section 10 (10 D)
