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Exide Life Accidental Death Disability and Dismemberment Rider

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What is Exide Life Accidental Death Disability and Dismemberment Rider?

It is add-on that can be attached to a traditional Exide Life Insurance Policy and provides enhanced coverage in case of accidental death, disability or dismemberment.

3 Reasons to buy this plan

1 Additional Lump sum amount in case of accidental death, disability or dismemberment
2 Can be attached to select new and existing Exide Life Insurance plans
3 Tax saving on premium and benefit amount

Key Benefits

1. Additional Protection
An additional lump sum amount is paid in case of accidental disability, dismemberment or death.
2. No need to buy new plan
It can be attached to select Exide Life Insurance traditional plans without any need of buying a new policy.
3. Tax Benefit
The rider provides for income tax rebate under section 80D and for benefit amount under section 10 (10 D).

How this plan works?

35 year old Ravindra invests ₹2,762 p.m in Exide Life Secured Income Insurance RP for 20 years for a sum assured of ₹5 Lac. By just paying ₹80 p.m. extra for ADDDB Rider, he gets additional protection of ₹5 Lac against accidental disability, dismemberment or death. The benefits of this plan are shown below:

Exide Life Accidental Insurance plan

Premium shown is exclusive of service tax

Key Features

Minimum Age at Entry

18 years - 65 years

Last premium paying age

75 years


Premium Payment Modes

Same as that of the base policy

Premium Payment Term

Same as of the base plan; Only regular pay allowed

Policy Term

Minimum: 10 years
Maximum: Till 75 age or outstanding PPT of base plan , which ever is earlier

Maximum Sum Assured

Lower of,

  • ₹20 lakhs or
  • Sum Assured of the base policy

 

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
  • 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 in 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

UIN:114B002V02 For more details on risk factors, terms & conditions please read the sales brochure of products carefully before concluding a sale. Exide Life Insurance Company Limited (Formerly known as ING Vysya Life Insurance Company Limited). IRDA Registration number: 114, CIN: U66010KA2000PLC028273. Registered Office: 3rd Floor, JP Techno Park, No. 3/1, Millers Road, Bangalore- 560 001, India. Toll Free: 1800 419 8228; Visit: exidelife.in. URN : EXL/ONLINE/2014/135.

Beware of spurious phone calls and fictitious/fraudulent offers: IRDA clarifies to public that IRDA or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDA does not announce any bonus, public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
Exide Life - Accidental Death, Disability & Dismemberment Rider 
Who should buy
Who should buy?
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Who should buy?

Those who want to take additional protection at a nominal additional price.
Key features
Key Features
What is Exide Life ADDDB Rider?

It is add-on that can be attached to a Traditional Exide Life Insurance Policy >>

(UIN:114B002V02)
Key Benefits of accidental insurance plan
Key Benefits
How does a accidental death benefit rider plan work
How this plan works?
Product Brochure of accidental insurance plan
Product Brochure
Benefit Illustration
Terms & Conditions
3 Reasons
to buy this plan
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