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SUD Life Accidental Death and Total & Permanent Disability Benefit Rider

​Accidents are common nowadays, and an accident can impair an individual’s life and affect the family emotionally as well as economically. Star Union Dai-ichi Life has come out with the Accidental Death and Total & Permanent Disability Benefit Rider - Traditional, which provides additional benefits to the insured in the unfortunate event of his or her meeting with an accident during the contract period under this rider.

On Death due to Accident -

100% of Rider Sum Assured will be paid to the claimant provided the policy is in force as on the date of death of the Life Assured and the contract ceases thereafter.

On Total and Permanent disability due to Accident

Rider Sum Assured will be paid to the policyholder in 10 equal half-yearly installments wherein each installment amount will be equal to Rider Sum Assured multiplied by 10%, provided the policy is in force (as on the date of occurrence of event) and the rider contract ceases after payment of the last installment.

In case of death of the Life Assured during the receipt of Accidental Total and Permanent disability benefit, the remaining total of all outstanding installments under this Rider will be paid to the nominee/beneficiary and the contract ceases. Once any policyholder is declared eligible to receive the benefits under Accidental Total and Permanent Disability, the Coverage under this rider will immediately cease.

Premium Paying Term:

Single Premium
Regular Premium: Equal to the Policy Term
Limited Premium: 5 – 25 years

Under Limited Premium payment term, the difference between the Rider Policy term and the Rider PPT shall be at least 3 years. The premium payment term of the rider, if attached at inception, will be equal to the premium payment term of the base policy, otherwise it will be equal to the remaining premium payment term of the base policy.

Policy Term:

Minimum: 5 years.
Maximum: 47 years.

However, the policy term of the rider, if attached at inception, will be equal to the policy term of the base policy, otherwise it will be equal to the remaining policy term of the base policy.

Annualized Premium:

Minimum: Rs.8 for sum assured of Rs. 10,000, for a standard life under regular premium payment option, across all policy terms.
Maximum: Rs. 71,300 for sum assured of Rs. 50,00,000 for a standard life under single premium payment option for 47 years policy term.

Sum Assured:

Minimum: 10,000/- per Policy
Maximum: 50,00,000/- per Life

Also, the rider Sum Assured shall not exceed the Sum Assured under the base individual life insurance policy/ies to which this rider would be attached. The maximum sum assured allowed under the rider is also subject to the condition that the total premium for all the riders attached to the base individual policy, shall not exceed 30% of the premium for the base plan .Further, total sum assured for any individual, under Accidental Death and Total and Permanent Disability Benefit Rider should not exceed Rs.50 Lacs under for all products put together.

Premium payment Modes: Concurrent with that of the base policies premium payment modes.

Minimum Entry Age: 18 years last birthday
Maximum Entry Age: 65 years last birthday
Maximum Maturity Age: 71 years last birthday or the maturity age of the base plan, whichever is lower
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Registered with IRDAI as Life Insurance Company, Registration No. 142.

Registered Office : 11th Floor, Vishwaroop I.T . Park, Plot No. 34, 35 & 38, Sector: 30A of IIP, Vashi, Navi Mumbai – 400 703.

Telephone No.: 022-39546200, Fax No.: 39472811, CIN No: U66010MH2007PLC174472.

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