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Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited
Benefits
Death Benefit
In the unfortunate event of death or diagnosis of Terminal Illness (whichever happens first) of the life insured during the rider policy term.
Terminal Illness Benefit
In the event that the Life Insured is diagnosed with a Terminal Illness during the term of the rider, provided the rider is in-force.
How Does This Rider Works?
Use Case 1
Aakash (Male), aged 35 years, has chosen a Unit Linked policy with Suraksha Term Rider for Premium Payment Term of 10 years and Policy Term of 20 Years. Sum Assured = Rs. 20,00,000, Premium Payment mode: Annual.
Unfortunately, Mr. Aakash dies in the 5th policy year.
The death benefit will be calculated as mentioned below.
Life Insurance Coverage is available in this Rider.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). GST and any other applicable taxes will be added (extra) to Your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. This brochure contains only the salient features of the Rider. For further details, please refer to the policy contract. Tax benefits may be available as per prevailing 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. All Rider benefits are subject to policy being in force. “We”, “Us”, “Our” or “the Company” or “ABSLI” means Aditya Birla Sun Life Insurance Company Limited. “You” or “Your” means the Policyholder. Policyholder and Life Insured can be different under this product. In all situations, it is ensured that the Policyholder has an insurable interest in the Life Insured. For other terms and conditions, request Your Agent Advisor or intermediaries for giving a detailed presentation of the product before concluding the sale. You can refer to the product brochure for more details. Should you need any further information from us, please contact us on the below mentioned address and numbers. (UIN: 109A042V01)
