What Coverages Are Allowed In The Shriram Life Accident Benefit Rider?

If the life insured passes away within 180 days of an accident occurring during the rider tenure, the rider sum assured is paid in a lump sum.

If the life insured suffers an accidental injury and becomes permanently and totally disabled within 180 days of such an injury, the rider sum assured is paid in a lump sum. The injury and the disability should occur within the rider's tenure.

Moreover, an eligible disability is one wherein any one of the following conditions are fulfilled -

• The life insured becomes unable to get gainful employment after the accidental injury.
• The life insured loses 
  • Sight in both eyes or
  • Loss of both hands or 
  • Loss of both legs or 
  • Loss of one hand and one leg.
  • The life insured cannot do three or more of the basic lifestyle activities after the injury, like dressing, washing, mobility, feeding, toileting, etc.

The premium waiver benefit is available under the disability claim. If the life insured becomes permanently and totally disabled due to an accident within the rider's tenure, the future policy premium payments would be waived.