Prices Increasing Soon
Accidental death rider in term insurance is the add-on benefit that can help you enhance the base protection of the policy. With this term insurance rider, you can secure an additional amount for your family in case you suffer an accidental death during the policy tenure. This rider benefit can be added to your term insurance plans at very low premiums payable along with the base premiums.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
The accidental death benefit rider in term insurance is an optional benefit that can be added to your base policy to enhance its coverage. This term insurance rider pays your family an additional amount on top of the base sum assured, in case of your accidental death during the policy term. You need to first check with your insurer if the benefit is available with your specific plan. Then, you can add this term insurance rider to the base plan at the time of buying the policy or at any policy anniversary.
It is important to note that the rider sum assured will be paid only if the death of the policyholder occurs during the waiting period of 180 days after the accident.
Note: Now that you know that what is Accidental Death Benefit Rider you should also know about what is term insurance before buying any term plan for your loved ones.
A term insurance plan provides the family of the policyholder with the death benefit only if the policyholder, unfortunately, passes away during the policy term. But a lot of the time, due to various reasons, people are unable to buy a term plan with a large life cover and secure their family with a suitable sum assured. Therefore, the accidental death benefit in term insurance is the best way for the policyholder to ensure that their loved ones receive an extra rider sum assured on top of the base sum assured in case of the policyholder’s untimely death due to an accident.
Term Plans
Let us understand this with an example:
Suppose Ram purchased a term life insurance of 50 Lacs with an accidental death benefit rider of 15 Lacs included in the base plan. If, after five years, Ram suffered an unfortunate death due to an accident during the policy term, the insurer will payout the base sum assured on death as well as the rider sum assured of the accidental death benefit to the nominee of the policy. This means the nominee will receive a total of 65 Lacs to take care of their financial obligations and needs.
A term insurance plan with accidental death benefits is suitable for primary breadwinners of a family who are:
| Who Should Buy | Why It's Helpful |
| Young individuals | Affordable way to add extra protection while young and active. |
| Frequent travellers | Increased risk due to frequent commuting or travel. |
| People in risky jobs | Those working in hazardous professions (e.g., construction, driving). |
| Primary earners | Ensures the family gets higher financial support in case of an accident. |
| Individuals with dependents | Provides additional security for family members relying on your income. |
Note: It is suggested to calculate the term plan premium on the term insurance calculator online tool by Policybazaar before buying.
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 15%#
Compare 40+ plans from 15 Insurers
You should buy term plan with an accidental death benefit rider added to the base plan because of the following benefits:
Added Protection: The accidental death benefit in term insurance can provide the nominee with an extra layer of protection as in case of an eventuality due to an accident, the insurer will payout the base and rider sum assured. This means the nominee will receive a larger amount and can use it to take care of their financial needs like paying for rent, child’s fees, and paying off any loans and obligations.
Tax Benefits: The accidental death benefit rider offers term insurance tax benefits u/s 80C, 80D, and 10(10D) of the Income Tax Act as per the prevailing tax laws.
No Medical Exam Required: To add the accidental death benefit rider to the base term plan, you do not need to undergo any special medical tests. This allows the policyholder to get extended financial protection for their family in his/her absence.
Minimal Documentation: Term insurance plans can be purchased online without any physical documentation by just submitting the required documents and selecting suitable riders like accidental death benefit riders. You do not need to submit any additional documents to add the rider to the base plan.
Easy Claim Settlement Process:To get your accidental death benefit claim settled, you can easily submit the duly filled claims form along with the required documents online without visiting the company’s office. Most insurers settle the claims easily and quickly to help the grieving family take care of their financial needs.
There are certain common exclusions in life insurance under which the term insurance with accidental cover will not payout. These are usually mentioned to the customers before purchasing the policy, but it is crucial that a person digs deep and knows well about the exclusions. Some of the exclusions are as follows:
No death benefits are paid out in case:
Death occurs due to an accident under the influence of liquor
Death occurs due to an existing health issue unless additional rider protection is opted for
Death due to overdose of drug, alcohol, or psychedelic substances
In some instances, if death occurs due to complications during childbirth and pregnancy
Any death occurring due to participation in illegal activities
Death due to self-inflicted injuries
If the person commits suicide
Death after the end of the waiting period (i.e., 180 days)
Below is a list of documents required to claim accidental; death benefit rider:
Original policy documents
Filled claim application
Photo ID Proof, Address proof of policyholder
Bank account details of the policyholder
Copy or original FIR
Postmortem report
Policy investigation report
Life assured’s driving license
Note: Check all the best term insurance plan in India.
Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
© Copyright 2008-2025 policybazaar.com. All Rights Reserved
+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.
Term life insurance generally does not cover deaths caused by
Read more
Term insurance is often referred to as temporary coverage in the
Read more
Skydiving is not just a sport, it's a passion that delivers an
Read more
Owning a home is a cherished dream for many Indians, but for
Read more
Aviva Signature 3D Term Plan is a term life insurance policy
Read moreInsurance
Calculators
Payment Methods
Secured With
Follow us on
