Supplementary Benefit Riders

4. Accidental Death Benefit (ADB)

The Accidental Death Benefit (ADB) rider provides an additional death benefit amount when the insured dies as the result of an accident. This means that if the insured has taken the ADB and dies due to an accident, his beneficiaries will receive the benefit from the basic policy and also the ADB face amount.

The minimum age of entry for the Accidental Death Benefit rider is 5 years. The maximum age of entry for the Accidental Death Benefit rider is 60 years nearest birthday and the rider will expire when the insured reaches the age of 65 years nearest birthday or the policy expires or matures.

The minimum Besic amount acceptable for the Accidental Death Benefit is Rs.100,000/. The maximum amount can be up to 300% the Face Amount of the policy. The Face Amount for the Accidental Death Benefit can not exceed Rs.3,000,000/-.

In order for the Accidental Death Benefit to be payable, the insured’s death must have been caused by bodily injuries sustained through external, violent and accidental means. In addition the death must occur within 90 days from the date of the accident.

The amount payable for conditions 1 through 9 above shall be doubled if such injuries are sustained due to:

Accidents occurring while travelling in fare paying public land transport such as buses, passenger trains etc.

Accidents occurring while riding a passenger elevator or in consequence of the burning of public buildings        such as hotels, theatres etc.

Note: If the insured chooses to take Accidental Death Benefit with Accidental Indemnity Benefit then their combined face amount should not exceed Rs.3,000,000/-