In case of death of the life assured, due to accident throughout the term of the policy, the Sum Assured under this Rider is paid along with the Sum Assured under 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.
Accidental Death
Death, which results from bodily injury, occurs within 180 days from the date of injury resulting from an accident.
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)
Know about more plans – ING Life Insurance
Possibly Related Posts:
- ING Life Nav – ING Vysya Life Nav Values
- ING Ace Pension Plan | ING Vysya Life Insurance
- ING ACE Life Plan | ING Vysya Life Insurance | Features
- Accidental Death, Disability and Dismemberment Rider | Features
- ING Market Shield | Key Benefits | Features
- ING Uttam Jeevan SP | Key Benefits | Features
- ING Uttam Jeevan RP | Key Benefits | Features
- ING Prospering Life | Key Benefits | Features
- ING Immediate Annuity | Key Benefits | Features
- ING Aashirvad | Features | Benefits