Coverage Against Accidents and Regular Incomes with The Family Income Benefit Rider
Features and Benefits
The Family Income Benefit Rider allows you to add it to your base plan either when buying the policy or at any policy anniversary. Thus, the rider is easily available throughout the tenure of the base policy.
The rider tenure stretches for up to 52 years, allowing you to get long-term protection against accidental contingencies.
Flexibility in Premium Payment
Family Income Benefit Rider allows multiple premium payment modes. You can pay the rider premium in one lump sum, for a limited tenure or throughout the plan tenure. Moreover, different premium payment frequencies are also available for affordable payments.
The rider sum assured goes up to ₹50 lakhs so that you can get adequate financial protection against unforeseen emergencies after an accident.
If you miss paying the rider premium on time, you get an additional grace period to pay the premium and continue enjoying the rider coverage.
Free look Period
A free look period of 15 days from policy issuance allows you to cancel the rider coverage and claim a premium refund.