ABSLI Accidental Death Benefit Rider Plus

Aditya Birla Sun Life Insurance Company Limited

ABSLI Accidental Death Benefit Rider Plus

In a life filled with uncertainties, it is crucial to safeguard your family's financial future, even when you're not around. ABSLI Accidental Death Benefit Rider Plus offers financial security to your loved ones in case of your untimely accidental death.

ABSLI Accidental Death Benefit Rider Plus offers additional financial security at a nominal cost, to your family in the event of your untimely accidental death.

Plan Brochure Plan Presentation Policy Contract Leaflet

Benefits of Accidental Death Benefit Rider Plus

ABSLI Accidental Death Benefit Rider Plus covers the following insured events.

Death Benefit

In the unfortunate event of death of the life insured due to an Accident within 180 days of occurrence of the accident, we will pay 100% of the rider sum assured to the nominee only if this rider cover is inforce as on the date of accident including the grace period.
Additionally, ABSLI will refund the premiums collected after the date of Accident till date of death, with interest as declared by us from time to time, along with death benefit payable. Once the rider sum assured is paid, the rider shall terminate and no further rider premiums will be payable.

Premium Discontinuance and Reduced Paid Up

**For Limited Pay** - If the due premium is not received before the end of grace period and if the base plan is eligible for a Reduced Paid Up Benefit, the rider will not lapse but also continue on a Reduced Paid-Up basis. Under Reduced Paid-Up, your rider sum assured shall be reduced in proportion to the premiums paid to total premiums payable during the rider term. If the base plan is not eligible for a RPU benefit, the rider cover shall cease.

Surrender Benefit

There is no surrender benefit offered for regular pay option under this rider.

However, for Limited Pay, the rider will be eligible for a surrender value provided that the base plan is eligible for a surrender benefit (if the base plan is also surrendered), where at least two full years’ premiums have been paid. If the rider is surrendered without the base policy being surrendered, then surrender value on rider benefit is eligible if at least two full years’ premiums have been paid. The surrender value is the percentage of total rider premiums paid (excluding any underwriting extra and applicable tax) and will vary depending on the outstanding rider term and the rider term. The rider surrender value is payable at the same time as the base plan surrender value.

For Single Pay, this rider will acquire surrender value at any time immediately after the rider issuance.

Entry Age

18 - 65 years, Maximum age at the end of rider term is 80 years

Pay Mode

Same as base plan (Single Pay | Limited Pay | Regular Pay)

Premium Paying Term

Same as base plan

For Limited Pay

Minimum: 5 years
Maximum: 61 years

For Regular Pay

Minimum: 5 years
Maximum: 62 years

Rider Sum Assured

Minimum: Rs.1,00,000 Maximum: Rs.2,00,00,000 subject to maximum of 300% sum assured of the base plan

Rider Term

Same as that of the base plan or till the attained age 80 of the life insured, whichever is earlier

Minimum: 5 years Maximum: 62 years

This rider is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This brochure contains only the salient features of the rider. For further details please refer to the policy contract. Tax benefits are subject to changes in the tax laws. For more details and clarification call your ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true.

Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company Limited) Registered Office: One World Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Call Centre: 1-800-270-7000 www.insurance.birlasunlife.com Reg. No. 109 | CIN: U99999MH2000PLC128110 ADV/7/20-21/596 VER1/JULY/2020

UIN: 109A024V01

ABSLI Accidental Death Benefit Rider Plus

Benefits of Accidental Death Benefit Rider Plus

Death Benefit

Premium Discontinuance and Reduced Paid Up

Entry Age

Pay Mode

Premium Paying Term

Rider Sum Assured

Rider Term

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