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This plan provides for life cover in case of unfortunate death of the insured during the cover period. It can be attached with a basic policy to provide add-on benefit at a nominal cost.
LIC's New Term Assurance Rider
Benefits
LIC's NEW TERM ASSURANCE RIDER
LIC's New Term Assurance Rider provides for life cover in case of unfortunate death of the insured during the cover period. It can be attached with a basic policy to provide add-on benefit at a nominal cost. This rider shall only be attached with Non-Linked plans at the inception of the base policy.
1.Benefits:
Death Benefit: In case of unfortunate death of the life assured during the term of the Rider, an amount equal to the Term Assurance Rider Sum Assured shall be payable.
Maturity Benefit: On survival to the end of the term of the Rider, nothing shall be payable
Covered
In case of unfortunate death of the life assured during the term of the Rider, an amount equal to the Term Assurance Rider Sum Assured shall be payable.
Not Covered
On survival to the end of the term of the Rider, nothing shall be payable.
