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  • Tata Aia Accidental Death And Dismemberment Rider

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    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:

    • Under this rider, the policyholder is ensured financial protection for their family as the beneficiary is paid an amount that is equivalent to the rider sum assured in case of death caused due to an accident.
    • If the policyholder suffers severe dismemberment, for instance, loss of arms or bodily functions or major burn wounds due to an accident, this rider will provide a percentage of the sum assured according to the ADDL benefit chart that is followed by the company. The benefits will get doubled in an unfortunate situation of accidental death.

    Eligibility-Who is the Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider for?

    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

    Plan coverage - What the Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider covers?

    The Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider provides coverage for the following:

    • Loss of life due to an accident
    • Loss of speech
    • Loss of hearing
    • Loss of use of or loss of four fingers and the thumbs
    • Loss of use of or loss of four fingers and thumb of both right joints, both left joints, one right joint, or one left joint
    • Loss of use of or, loss of toes
    • Accidental burns

    Exclusions - What the Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider doesn’t cover?

    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:

    • Attempted suicide
    • Participation in aerial flights such as parachuting and skydiving other than as a fare paying passenger on a licensed passenger-carrying commercial aircraft.
    • Self-inflicted injuries under the influence of narcotics substances, drugs or liquor.
    • Participating in extreme sports such as martial arts, mountaineering, etc.
    • Involvement of any crime or unlawful activities.
    • War, civil commotion, unrest, etc.

    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.

    Other key features – Freelook Period, Claim, Revival, etc.

    Listed below are the key features of Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider:

    • Free-look period: From the date of receipt of the rider policy document, you are given 15 days to review the terms and conditions of the policy. If you have any objection to the terms and conditions, you have the option to return the policy. You will be refunded the premium paid minus risk premium cover for that period and other charges, if any.
    • Claim: The company has to be informed of the claim in writing within 90 days of the event occurrence. All required documents such as the last medical attendant’s report, the original policy and rider documents, all medical and hospital records, a copy of the death certificate, claimant’s ID proof, a copy of FIR, post mortem report, and a copy of the life insured’s driving license.
    • Revival: The rider can be revived only as per the base policy revival rules.

    Tax Benefits – How you can save with the 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.

    Other benefits – How you can save with the Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider?

    There are several other benefits of purchasing insurance plans and riders from Tata AIA Life India Life Insurance Company Limited such as:

    • Premium calculator: You can calculate premium using the online premium calculator which is available on the company website.
    • Insurance advisor: You can fill up and submit an online request form to get in touch with an insurance advisor who can guide you through all insurance related processes.
    • Grievance redressal: The company has a dedicated grievance redressal cell to resolve your grievances at the earliest. Visit the nearest Tata AIA Life India Life Insurance branch, call the company toll-free number at 1-860-266-9966 or send an sms writing SERVICE to 58888. Grievances will be acknowledged within 10 business days.
    • Premium payment: You can make premium payments via cheques or cash deposits at any of the company branch. Premium cheques should be drawn in favour of Tata AIA Life India Life Insurance Company Ltd.

    Why should you buy Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider from Tata AIA Life India Life Insurance Company Limited?

    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.