LIC's Linked Accidental Death Benefit Rider is a valuable addition that can really enhance any Life Insurance policy by LIC.
Death Benefit:
If the Life assured is involved in an accident at any time when this Rider is in-force for the full Basic Sum Assured, and such injury shall within 180 days of its occurrence solely, directly and independently of all other causes result in death of the Life Assured and the same is proved to the satisfaction of the Corporation, a sum equal to the Accident Benefit Sum Assured shall be payable under this Rider subject to the following:
i) The Rider shall have to be in-force at the time of accident (i.e. all due premiums should have been paid under the Base Policy as on the date of accident).
ii) Conditions and Restrictions mentioned in Condition 3 of Part C of this Endorsement.
Maturity Benefit: No maturity benefit is payable under this Rider.
Grace period: Same as mentioned under the Base Policy.