Shriram Accidental Death & Disability Income Rider
What is Shriram Accidental Death & Disability Income Rider?
The Shriram Accidental Death and Disability Income Rider is a linked, non-participating life insurance rider that provides additional protection.
- Add the Shriram Accidental Death Rider insurance to your base plan
- It comes with affordable premium payments.
- Enjoy high coverage against accidental deaths and disablements.
- Enhanced financial protection against accidental emergencies.
- You get long-term coverage.
- You get a lump sum benefit in case of a claim.
Policy Type
Shriram Accidental Death & Disability Rider by Shriram Life Insurance
Policy Term
Up to 25 years
Minimum Premium
₹55
Maturity Age
70 years
Features and Benefits of Shriram Accidental Death & Disability Rider
Accidental Death Cover
Get covered against accidental death during the policy tenure and receive an additional rider benefit.
Disability Coverage
It covers permanent total disablement due to an accident.
Affordable Premiums
The premiums are low, starting at ₹55 only, so you can easily afford the Shriram Accidental Death & Disability Rider coverage.
High Sum Assured
Get to avail coverage up to ₹50 lakhs for wider protection.
Convenient
The premium for the Shriram Accidental Death & Disability Rider is automatically deducted from the fund value.
Easy Availability
Choose the rider when buying the base plan and enjoy the added coverage.
Eligibility and Documents Required for Shriram Accidental Death & Disability Rider
| Age Criteria | Minimum: 18 years (age last birthday) Maximum: 65 years (age last birthday) |
|---|---|
| Maximum Maturity | Age 70 years (age last birthday) |
| Policy Term | Minimum: 5 years Maximum: 25 years |
| Annual Premium | Minimum: ₹45 Maximum: ₹9000 subject to board-approved underwriting policy |
| Sum Assured | Minimum: ₹50,000 Maximum: ₹50,00,000 subject to board-approved underwriting policy |
What Does The Shriram Accidental Death & Disability Rider Cover?
The Shriram Accidental Death & Disability cover provides coverage against premature demise or permanent total disablement suffered in an accident. The rider sum assured is paid if either of these contingencies occurs. However, there is no benefit payable on the policy's maturity.
What Does The Shriram Accidental Death & Disability Rider Not Cover?
If the life insured passes away naturally or due to sickness, the Shriram Disability Income Rider will not pay any benefit. Moreover, deaths or disablements from suicide, war, pre-existing illnesses, hazardous or criminal activities, etc., are also not covered.
Download Documents for Shriram Accidental Death & Disability Rider Cover
If you want the policy documents of the Shriram Disability Insurance Rider, you can download them online. Shriram Life has simplified the online process for its customers so that you can conveniently get the documents when needed. Visit www.shriramlife.com and download the brochure or policy document of the rider.
FAQs
Which Shriram Life insurance policies allow the Accidental Death Insurance rider?
Unit-linked life insurance plans offered by Shriram Life Insurance allow the Accidental Death Insurance rider. You can add the rider when you buy such plans.
Is the Accidental Death Insurance Policy a good choice?
The Accidental Death Insurance rider provides additional protection against accidental death and permanent total disability. It pays an additional benefit in these contingencies and is, thus, a good choice.
What is the Accidental Death Insurance rider?
The Accidental Death Insurance rider is an optional additional coverage that you can take with Shriram Life's unit-linked plans. The rider covers accidental deaths and disablements and pays a lump sum benefit.
Can I buy the Accidental Death Insurance policy online?
When buying the unit-linked plan, you can buy the Accidental Death Insurance policy online through www.shriramlife.com.