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TATA AIA Life Insurance offers a plethora of insurance products that are designed keeping in mind the various financial needs of the policyholders. Along with these amazing products, the company also offers a list of riders to the policyholders that they can use to enhance their insurance plans. The Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider is a premium paying rider that is optional in nature and provides an easy solution to all your financial worries in case of an unfortunate demise or dismemberment. Under this rider, you get the following benefits:
Listed below are the eligibility factors you must meet to purchase Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider:
|Minimum entry age||18 years|
|Maximum entry age||60 years or maximum entry age of base policy, whichever is lower|
|Maximum maturity age||The maximum maturity age of the original plan or 70 years, whichever is lower|
Sum Assured and Premium Range - What you get and what it costs?
The Policy Term and Sum Assured for Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider are as follows:
|Rider coverage term||The premium paying term of the original plan or a maximum age of 70 years, whichever comes earlier|
|Minimum sum assured||Rs.50,000 or a minimum sum assured of the original plan, whichever is lower|
|Maximum sum assured||The policyholder can choose the sum assured for the original plan (it will be subjected to underwriting)|
|Premium paying mode||Same as the original policy|
|Payment term of the premium||Same as the premium paying term of the original plan or till the age of 70 years, whichever is earlier|
The Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider provides coverage for the following:
Under Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider, 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:
If the policyholder makes any changes in their occupation or hobbies, the development has to be informed to the company within 30 days in written notice. Failure to do so will result in the company declining to make payment under this 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 Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider:
Under Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider, 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 Tata AIA Life India Life Insurance Company Limited such as:
TATA AIA Life Insurance is a highly reputed brand that was formed due to the coming together of TATA Sons Ltd. and the AIA Group Ltd. (AIA). The company is known for delivering high quality insurance products that have been designed keeping in mind the various financial needs of the people in India. The group has earned a reputation of being one of the best in the business and has bagged several awards for being dedicated to the service of the citizens of India.
Employing the best in technology and customer care services, Tata AIA Life works to ensure that all their customers have the best experience and can avail plans in an easy manner.
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