Aditya Birla Sun Life Insurance Company Limited

Accidental Death and Disability Rider

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Definition of Accidental Death and Disability Rider

The Accidental Death and Disability (ADD) Rider is an additional feature, or a 'rider,' that can be attached to a primary life insurance policy in India. This rider provides coverage for both accidental death and accidental disability, offering financial protection in case the policyholder experiences an accident resulting in death or disability.

Accidental Death Coverage

With the ADD Rider, if the policyholder dies as a direct result of an accident covered by the rider, the insurance company pays an additional sum of money on top of the base death benefit of the primary policy. This additional payout provides extra financial support to the policyholder's beneficiaries.

Accidental Disability Coverage

In addition to accidental death coverage, the ADD Rider also provides coverage for accidental disability. If the policyholder becomes disabled as a result of an accident covered by the rider, they may be eligible to receive a portion of the rider's sum assured as a disability benefit. This benefit helps offset the financial burden caused by the disability.

Importance of Accidental Death and Disability Rider

The Accidental Death and Disability Rider offer several advantages:

Expanded Coverage

By adding this rider to a life insurance policy, the coverage extends beyond natural causes of death and includes accidental death and disability. This provides broader protection to the policyholder and their beneficiaries.

Financial Security

Accidents can result in substantial financial losses, both in terms of medical expenses and the loss of income due to disability or death. The ADD Rider ensures that the policyholder or their beneficiaries receive an additional financial benefit, helping to alleviate the financial impact of such events.

Affordability

Adding the ADD Rider to an existing life insurance policy is often more cost-effective than purchasing a separate accidental death and disability insurance policy. It allows policyholders to enhance their coverage without a significant increase in premium.

Considerations When Opting for ADD Rider

When considering the Accidental Death and Disability Rider, it's important to consider the specific terms and conditions of the rider. This includes understanding the types of accidents covered, the exclusions, and the definitions of disability. Additionally, it's essential to assess personal risk factors and consider the additional cost associated with adding the rider to the primary policy.

In conclusion, the Accidental Death and Disability Rider is an optional add-on to a life insurance policy that provides coverage for accidental death and disability. It offers expanded protection and financial security to the policyholder and their beneficiaries in case of accidents.

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ABSLI Salaried Term Plan

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Life Cover upto 70 years

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ABSLI Salaried Term Plan (UIN:109N141V02) is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan.
*LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Annual Premium: ₹ 6100/- ( which is ₹ 508.33/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
ADV/9/23-24/1980