SUD Life Group Accidental Benefit Rider

UIN: 142B006V01 | Non-Linked Non-participating Group Rider

SUD Life Group Accidental Benefit Rider provides additional benefits in case of accidental death or accidental dismemberment of the insured member. The rider can be attached to Employer Employee Group and Non-Employer Employee Group along with our Group Term Life Insurance Schemes, provided 100% of the members of the base policy are covered under the rider policy at inception.

  • One Year renewable rider
  • Accidental Death Benefit
  • Accidental Dismemberment
  • Hassle free insurance coverage
  • Simple to enroll and administer
  • Allowing addition of new members at ease and seamless departure for existing ones

Buy SUD Life Group Accidental Benefit Rider

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What is SUD Life Group Accidental Benefit Rider?

SUD Life Group Accidental Benefit Rider provides additional benefits in case of accidental death or accidental dismemberment of the insured member. The rider can be attached to Employer Employee Group and Non-Employer Employee Group along with our Group Term Life Insurance Schemes, provided 100% of the members of the base policy are covered under the rider policy at inception. 

    Download Plan Related Documents

    How does the SUD Life Group Accidental Benefit Rider Work?

    SUD Life Group Accidental Death and Dismemberment Rider will be extended as additional option. The maximum sum assured allowed under this rider is restricted to the sum assured under base plan and subject to the condition that the total annual premium for all riders (non-health) will not exceed 30% of the annual premium payable under the base plan.

    1.Coverage

    The plan is renewable annually and provides life cover to group members as long as premiums are paid regularly. Coverage begins when the policy is issued and remains active until the end of the policy term. 

    2.Accidental Death Benefit

    On death of the insured member due to Accident, 100% of Rider Sum Assured, subject to Maximum ₹50 Lacs will become payable to the nominee provided the member is covered as on the date of death. The Cover for the member ceases immediately thereafter.

    3.Maturity or Surrender Benefit

    There is no maturity or surrender benefit available under this plan for the master policyholder or group members. However, if the group policy is surrendered, individual members can choose to continue their coverage as an individual policy until it expires.

    4.Accidental Dismemberment

    Rider Benefits Overview
    Our Rider Benefit provides financial support based on specific events. A percentage of the Rider Sum Assured is paid to the insured member as follows:

    • Event Benefits
      Loss of All Limbs: 100% of Rider Sum Assured
      Loss of Sight of Both Eyes: 100% of Rider Sum Assured
      Loss of Sight of One Eye: 50% of Rider Sum Assured
      Loss of or Loss of Use of Two Limbs: 100% of Rider Sum Assured
      Loss of or Loss of Use of One Limb: 50% of Rider Sum Assured
      Loss of Speech and Loss of Hearing: 100% of Rider Sum Assured
      Loss of Hearing in Both Ears: 75% of Rider Sum Assured
      Loss of Hearing in One Ear: 15% of Rider Sum Assured
      Loss of Speech: 50% of Rider Sum Assured
       

    Continued Coverage
    If a claim results in less than 100% payout, the rider cover continues for the remaining balance, as long as the member cover is active and premiums are paid.

    Important Limitations
    Total benefits will not exceed 100% of the Rider Sum Assured, with a maximum of ₹50 lakhs.

    This rider ensures essential financial security during challenging times, supporting you and your loved ones when needed most.

     

    SUD Life Group Accidental Benefit Rider Benefits

    Here are the benefits that you get from the plan

    Accidental Death Benefit

    Why choose SUD Life Group Accidental Benefit Rider?

    SUD Life Group Micro Term Insurance Plan is the ideal option for you because of the following points
    • This plan offers a low-cost life cover solution, ensuring economic security for group members and their families.
    • Unmatched Flexibility to customize suitable protection for the group
    • You can get accidental and dismemberment cover of up to Rs. 50 lakhs per Member by opting for the addon rider policy over and above the base policy.
    • Premiums paid under this plan are eligible for tax benefits as per applicable tax laws, helping you save more.
    • The plan is designed for easy policy management, making it a seamless solution for employers or group administrators.

    Why Choose SUD Life?

    1.51+ Cr Lives Covered

    3rd Largest Life Insurer for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

    19,500+

    Distribution Points across India

    24,700+ Cr

    Assests Under Management

    98.6%

    Claims Settled as per 31.03.2024

    5,641 Cr Gross Premium till Dec '24

    6,718 Cr Gross Premium Mar '24

    4,500 Cr EV* (Dec '24)

    *Indian Embedded Value 4,000 Cr (Mar'24)

    Connect with us

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    (+91) - 7208 867122

    Toll-Free Number

    1800 266 8833
    Monday to Saturday
    09:00 AM to 07:00 PM

    Frequently asked questions (FAQs)

    Who is eligible for SUD Life Group Accidental Benefit Rider?
    What is the Accidental Death Benefit under the SUD Life Group Accidental Benefit Rider?
    What is the Eligibility Criteria under the SUD Life Group Accidental Benefit Rider?
    What is the grace period for premium payments under the SUD Life Group Accidental Benefit Rider?

    The Minimum Group Size shall be as given below. For Employer-Employee groups: 10 members For Non- Employer-Employee Groups: 50 members

    Disclaimers