Shriram Accidental Death & Disability Income Rider

Shriram Accidental Death & Disability Income Rider

SHRIRAM ACCIDENTAL DEATH & DISABILITY INCOME RIDER
In this policy, the investment risk in the investment portfolio is borne by the policyholder.
The Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of fifth year.

BENEFITS UNDER THE RIDER*

Shriram Accidental Death & Disability Income Rider is a linked non-participating rider. On death of the life assured due to an accident or in the event of the life assured becoming totally and permanently disabled due to an accident before the end of the rider term, 1% of rider sum assured is payable every month, from the 1st of the month following the month during which the accident happens, till the end of the rider term or for a period of 10 years, whichever is higher. In the event of death/ disability due to accident being established after the month of accident and within the prescribed period, the rider benefits will be paid retrospectively from the 1st of the month following the month of accident.