Life as we know is uncertain in every corner. You never know what will happen next. And when ill luck befalls in the form of accidents, the damage is more if you are not prepared in advance. We at AEGON Religare Life Insurance understand this. Which is why, we offer you a comprehensive insurance plan which covers such unfortunate events. The AEGON Religare ADDD Rider helps you do just that. This rider is a good supplement to your life insurance policy. You can add this rider to your existing insurance plan. So, in case of any unfortunate events, you are always prepared to face it and get life back to normal for you and your family.
Benefit Structure
- This rider covers the following insured events
- Accidental Death
- Accidental Dismemberment
- Accidental Total
- Permanent Disability
- The maximum total cumulative benefit payable under the ADDD Rider is 100% of the ADDD Rider Sum Assured. For more certainty
- If the Life Assured loses both arms and one leg in single Accident, we will pay 100% and not 150% of the ADDD Rider Sum Assured
- If 50% of the ADDD Rider Sum Assured has been paid on Accidental Dismemberment, only the balance 50% of the ADDD Rider Sum Assured will be payable on any further insured event, be it Accidental Total and Permanent Disability or Accidental Death or further Accidental Dismemberment.
Features
- Free look cancellation - If base policy is cancelled for the free look, the rider terminates and the rider premium is returned by the insurer after deducting the premium for the period from the policy issue date to the policy cancellation date.
- Option to attach or detach Rider Benefit - The rider can be detached from the next Policy Anniversary after the request has been made.
- Premium / Charges - The applicable premium rate will depend upon the gender, entry age, rider premium pay term and the Policy Term selected.
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