Death Benefit
In case of death due to accident, the Sum Assured under this Rider is payable along with the Sum Assured of the basic policy.
Definition of Accident
An event or series of events of violent, external and visible nature causing bodily injury is defined as accident.
Total Permanent Disability
Resulting from an accident and occurring within 180 days of the date of accident and lasting for at least 180 consecutive days. Completely and continuously preventing the Life Assured from engaging in any occupation to earn any wages.
Definition of Loss
Physical severance or total irrevocable loss of use which results from accident and occurs within 180 days from the date of the accident.
Dismemberment of limbs occurring within 180 days of accident
- Physical severance of arm at or above wrist
- Physical severance of leg at or above ankle
- Physical severance of a thumb, an index finger, and at or above metacarpophenageal joint
Features -
Entry age
- 18 years (last birth date)
Last Premium Paying Age
- 65 years (last birth date)
Premium Paying Term
- Same as base policy
Payment Mode
- For Individuals: Yearly, Half-Yearly, Quarterly
- For group billing as a single cheque from a company: monthly facility availability
Modal Factor
- Yearly: 10.86
- Half yearly: 5.61
- Quarterly: 2.895
Exclusions
This Rider shall not cover the death, disability or dismemberment of the Life Assured being caused directly or indirectly by any of the following:
- Any disease or infection.
- ll subsequent contributions 3%
- Intentional self-inflicted injury, suicide or attempted suicide, while sane or insane.
- Life Assured being under the influence of alcohol, narcotics, psychotropic substances or drugs unless taken in accordance with the lawful directions and prescription of a qualified and registered medical practitioner.
- War (declared or undeclared), war-like operations, invasion, civil commotion, riots or revolution.
- Participation in any flying activity, except as a bonafide passenger in a commercially licensed aircraft.
- Participation is a criminal or unlawful act.
- Any injury sustained before the Effective Date of this Rider.
- Participation in hazardous sports, hobbies or pastimes including (but not limited to) racing, parachuting, mountaineering etc.
- Atomic energy explosion or radiation of any kind.
Maximum Cover Equal to the Sum Assured under the basic policy, subject to an overall maximum of Rs. 20,00,000/-
Maximum Cover
- Equal to the Sum Assured under the basic policy, subject to an overall maximum of Rs. 20,00,000/-
Tax benefit
- Rebate under Section 88 and maturity benefit under Section 10 (10 D)
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Tags: ING Life Insurance, Life Insurance