Uncover the hidden benefits of the Shriram Life Extra Insurance Cover Rider
FAQs for Shriram Accidental Death & Disability Rider
What are the benefits of the Accidental Death Insurance rider?
The Accidental Death Insurance rider provides additional coverage against accidental deaths and disabilities at marginal premium rates. The rider, thus, allows added financial protection and is beneficial.
What is not covered under the Accidental Death Insurance policy?
The Accidental Death Insurance policy does not cover natural deaths or deaths occurring due to illness, criminal or hazardous acts, suicides, war or related perils, pre-existing conditions, etc.
What are the minimum and maximum age limit criteria for buying the Accidental Death Insurance rider?
The minimum and maximum age limit criteria for buying the Accidental Death Insurance rider are 18 years and 65 years, respectively.
What is the maturity benefit under the Accidental Death Insurance rider?
There is no maturity benefit under the Accidental Death Insurance rider. The rider pays a benefit only in the case of accidental deaths or disablements within the policy tenure.
How can I contact Shriram Life to buy the Accidental Death Insurance policy?
You can call 1800 103 7401 or visit the nearest branch of Shriram Life to buy the Accidental Death Insurance policy.
What will be the rider sum assured if the sum assured under the base policy is ₹75 lakhs?
The rider sum assured would be limited to ₹50 lakhs even if the sum assured under the base policy is ₹75 lakhs. This is because ₹50 lakhs is the maximum coverage the rider allows.
What is the maximum premium payable for the Accidental Death Insurance rider?
The maximum premium payable for the Accidental Death Insurance rider is ₹9000.
How can I pay the rider premium?
You don't have to pay the rider premium additionally. Once you choose the rider, the premium will be deducted automatically monthly by canceling the units in your fund value.
What will be the benefit under the Accidental Death Insurance rider if the life insured passes away during the grace period?
The Accidental Death Insurance rider will pay the rider sum assured if the life insured passes away during the grace period. However, the outstanding rider premium would be deducted from the benefit.
Can I surrender the Accidental Death Insurance policy?
You cannot surrender the Accidental Death Insurance policy because it has no surrender value.