LIC's Accidental Death & Disability Benefit Rider

No maturity benefit is payable under this Rider.

This rider shall not acquire any paid-up value and the Rider benefit ceases to apply, if Base Policy is in lapsed/ paid up condition.

No Surrender Value will be available under this rider. However, on surrender of an in-force base policy (which has acquired surrender value) to which this rider is attached, in case of single premium policy or limited premium policy, a proportion of additional rider premium charged in respect of cover after premium paying term shall be refunded.

The rider can be revived along with the revival of the Base Policy and not in isolation.

During the Free Look period, if the policyholder is not satisfied with the “Terms and Conditions” of the Rider, the Rider Endorsement along with Base Policy document may be returned to the Corporation within 30 days from the date of receipt of the the electronic or physical mode of Rider Endorsement, whichever is earlier, stating the reason of objections. On receipt of the same the Corporation shall cancel the Rider and return the amount of premium deposited for this Rider after deducting the proportionate risk premium (for this Rider) for the period of cover, expenses incurred on medical examination (including special reports, if any) on account of Rider inclusion and stamp duty charges.

The Corporation shall not be liable to pay the benefits as specified under Para 2 above, if the disability or the death of the Life Assured shall: (i) be caused by intentional self injury, attempted suicide, insanity or immorality or whilst the Life Assured is under the influence or consumption of intoxicating liquor, narcotic or drug (unless prescribed by doctor as a part of treatment); or (ii) be caused by injuries resulting from taking any part in riots, civil commotion, rebellion, war (whether war be declared or not), invasion, hunting, mountaineering, steeple chasing, racing of any kind, paragliding or parachuting, taking part in adventurous sports; or (iii) result from the Life Assured committing any criminal act with criminal intent; or (iv) (a) arise from employment of the Life Assured in the armed forces or military service. This exclusion is not applicable 7 if the Life Assured was involved in an accident when he is not on duty or was involved in any rescue operations while combating natural calamities in our country;or (b) arise from being engaged in police duty (which excludes administrative assignments) in any police organization other than paramilitary forces. This exclusion is not applicable where the option to cover Accidental Death and Disability Benefit arising on accident while engaged in police duty, has been chosen; or (v) occur after 180 days from the date