Sahara Accidental Death Benefit Rider Plan is an optional accidental death benefit rider offered by Sahara India Life Insurance Company Limited to give its policyholders an added level of protection. Sahara ADB Rider is a non-linked accidental death benefit rider for people who require enhanced protection at an additional premium. Under this ADB Rider, you can get the following benefits:
Listed below are the eligibility factors you must meet to purchase Sahara Accidental Death Benefit Rider Plan:
|Minimum entry age||18 years|
|Maximum entry age||60 years or maximum entry age of base policy, whichever is lower|
|Maximum maturity age||60 years|
The Policy Term and Sum Assured for Sahara Accidental Death Benefit Rider Plan are as follows:
|Policy Term||As per the base policy, subject to a maximum maturity age of 60 years|
|Premium Payment Term (PPT)||As per the base policy, subject to a maximum maturity age of 60 years|
This is how the Sahara Accidental Death Benefit Rider Plan works, in the unfortunate event of the demise of the life insured, the nominee or beneficiary will be paid Accidental Death Benefit Sum Assured not exceeding Rs.20 lakhs (including cover under all previous policies with the company). The death benefit is payable only if the death is caused due to injuries sustained from an accident within 180 days of occurrence and while the rider is in force.
Under Sahara Accidental Death Benefit Rider Plan, the company will not be liable to pay any benefit in the case of the death of the life insured caused either directly or indirectly by any of the following:
Change of occupation or hobbies of the life insured has to be intimated to the company within 30 days in written notice. Failure to do so will result in the company declining to make payment under the ADB Rider if the death of the life insured is directly or indirectly related to such a change. Once the change is intimated, the company will determine revisions to the rider cover and send the policyholder notice of the revision. The policyholder can decide to terminate the rider policy within 30 days of receipt of the notice by submitting a written termination request.
Listed below are the key features of Sahara Accidental Death Benefit Rider Plan:
Under Sahara Accidental Death Benefit Rider Plan, you can get tax deductions on premiums paid under Section 80C of the Income Tax Act, 1961.
There are several other benefits of purchasing insurance plans and riders from Sahara India Life Insurance Company Limited such as:
Sahara India Life Insurance Company Limited is the first fully Indian company to enter the Indian Life insurance market in 2004. The company offers a range of insurance products from annuity and money back plans to endowment plans and ULIPs. It offers group insurance as well as personal insurance plans that are designed to cater to the specific needs of its customers from different backgrounds. Sahara Accidental Death Benefit Rider Plan offers an added level of financial protection to the life insured’s family in the case of any unfortunate event such as accidental death.