Rider Benefits


Additional Rider Benefits can be attached to the basic Insurance Policy to enhance the benefits of the policy, subject to payment of a smaller premium. These are optional benefits and can be changed at any stage within the policy term if the policyholder wishes to do so.

Accidental Death Benefit - (ADB)

This benefit is payable as an additional sum only in the event of death due to an accident. The death shall occur within 90 days from the date of accident and the maximum sum assured under this benefit will be double the Basic Sum Assured

Total and Permanent Disability Benefit – (ASD)

This can be taken supplementary to the Accidental Death Benefit. Under the ASD, the Benefit is payable in the event of total and permanent disability as a result of sickness or accident. This option also includes cessation of future premiums on your policy. Payment of benefits will be made in five instalments based on the nature of the incident i.e. Accident or Sickness.

Total and Permanent Disability Benefit -(TPD)

TPD can be taken in addition to the Accidental Death Benefit. TPD Benefit is payable in the event of total and permanent disability resulting from an accident only. It includes cessation of future policy premiums and payment of benefits will be made in ten (10) equal, annual instalments.

Partial & Permanent Disability Benefit – (EPD)

This benefit provides an additional payment if the life assured becomes partially and permanently disabled as a result of an accident only. This is granted along with ADB and ASD/TPD benefits. According to the degree of disability, a percentage of the sum assured shall become payable to the insured.

Waiver of Premium Benefit – (WOP)

In the event of permanent andtotal disability due to sickness or accident of the life assured, the future premiums of the Basic Policy shall be waived off.All other additional rider benefits attached to the policy shall cease to be operative on admission of the liability under this benefit.

Level Term Rider Benefit (Additional Life Benefit) – (LTR)

This is an additional term life cover that can be added to the basic policy by paying a small premium. Benefit is payable on death (accidental or natural) within the policy term.

Spouse Rider Benefit – (SPB)

This benefit will provide life cover for the wife or husband of the life assured.The sum assured becomes payable in the event of death of the spouse during the term of the policy.

Hospital Cash Benefit – (HCB)

HSB provides you with cash in the event that the Life of the assured, his/her spouse or nominated children (if taken on a family basis) washospitalized as a result of accident or illness.

Critical Illness Cover – (CIC)

CIC rider benefit provides cover for the following 24 Critical Illnesses.

Heart Attack Pulmonary Major Organ Transplantation
Major Burns Heart Valve Surgery Fulminant Viral Hepatitis
Stroke Hypertension Coronary Artery Surgery
Coma Apallic Syndrome Motor Neuron Disease
Blindness Renal Failure Chronic Liver Disease
Cancer Loss of Speech Chronic Lung Disease
Deafness Multiple Sclerosis Benign Brain Tumour
Angioplasty Aorta Surgery Muscular Dystrophy
Paralysis Arterial

Critical Illness sum assured will be paid on the diagnosis or actual undergoing of a surgery of any of the critical illnesses specified above.

Definite Benefit Multiplier (DBM)

DBM will double/triple to a maximum of four timesthe benefit instalment in the event of death or disability of the policyholder.

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