Benefits payable during minority of the Life Assured

• If a claim arises during the minority of the Life Assured the payments are made to the Proposer of the policy and in his absence to the estate of the Proposer.
• On the life assured becoming major i.e. 18 yrs old, the policy automatically vests in him.

Additional benefits – Rider
Accident Benefit & Accidental Total & Permanent Disability Benefit Rider (UIN - 127A004V01)

The rider is available if the life assured is major i.e. has attained age of 18 years and is up to 60 years nearer birthday on the date of commencement /policy anniversary. Minimum Sum Assured available under the rider is Rs.50, 000 and maximum Sum Assured available is the basic policy sum assured or Rs. 20, 00,000 including cover under all previous policies of the Company, whichever is lower. The benefit ceases on the policy anniversary on which the age of the life assured is 65 years nearer birthday or the maturity of the base policy whichever is earlier.

Rider is not allowed under Single Premium mode.

The revival rules as applicable to the base product shall apply to the rider also.

Premium payable for the rider is Re.0.85 per thousand Sum Assured.

If the life assured meets with an accident before the policy anniversary on which his age nearer birthday is 65 years and policy is in force and death is caused within 180 days of any bodily injury sustained directly and solely from an accident caused by outward, violent and visible mean solely, directly and independently of all other causes of death. , an additional amount equal to the rider cover is payable up to a maximum of Rs 20, 00,000/-and if the life assured is totally and permanently disabled, 10% of the rider sum assured is payable every year for five years, followed by the balance 50% of the rider cover at the end of five years. If the base policy matures within the period of five years as aforesaid or death occurs meanwhile, outstanding installments will be paid in a lump sum. On admission of disability claim the premium for disability benefit shall cease. Once the claim for ATPD is settled and paid, the rider benefit is terminated and the base policy continues.
Total and Permanently Disability referred to hereinabove shall mean and include disability which arises out of accident as aforesaid and is of a nature which renders the life assured totally and permanently unable to earn any income from the date of accident onwards from any work, occupation or profession (independent of qualifications, training and experience) and results into his/her

1. Inability to use both hands at or above the wrist or
2. Both feet at or above the ankle or
3. One hand at or above the wrist and one foot at or above the ankle or
4. Total and irrecoverable loss of the entire eyesight of both eyes.