Extra Payout on Accidental Death: What to Know

The only certain fact about life is that it is uncertain. Mishaps can happen anytime, to anyone. So, it is advisable to invest in risk protection plans that cover you and your dependents against various uncertainties in life. One of the straightforward ways of doing that is by buying a term insurance policy. It provides a lump sum payout if the policyholder dies during the policy tenure. It is highly affordable (low premiums). However, what you might not know is that you can increase the payout amount by buying an accidental death benefit rider.

51 Partners Insurance Partners

12.02 Crore Registered Consumer

5.9 Crore Policies Sold

We are rated ++ rating

₹1 Crore Life cover starting from ⁺

Lowest Price Guarantee ^˜

Male

Female

Name

Date of Birth

Mobile Number

Check Your Premium Now

Get Updates on WhatsApp

What is this rider and how it can offer added protection to your family? Find all the information in this article.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

What to Know About Extra Payout on Accidental Death

The accidental death rider is crucial because it addresses a total irreparable loss - the loss of the family's breadwinner. The policyholder's dependents have to bear the emotional pain along with financial strain in case of his/her death due to an accident. Medical emergency expenses are already a huge expense, but if they turn fatal, then the entire family will have to face losing the life of its loved one as well as the future income. The crushing impact of this double jeopardy of medical costs and the permanent loss of income due to the loss of a breadwinner is lessened by the use of the rider that covers accidental death.

Note: Now that you know that what is Extra Payout on Accidental Death, you should also get to know about what is term insurance to buy a term plan for your loved ones.

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

How Accidental Death Benefit Can Help You Get Extra Payout?

The accidental death benefit rider comes with several benefits, some of which are mentioned below:

You can have peace of mind that you are protected against accidents of all sorts.
Depending on your insurer, you can get a higher accidental death payout in addition to the normal sum assured.
The premiums for this rider are constant throughout the policy tenure.

We are sure you will understand this better with an example. So let's take one:

Sunil bought a term insurance plan with Rs.50 lakhs as a sum assured. He also purchased an accidental death benefit policy add-on. This rider will offer an extra Rs.10 lakhs if Sunil passes away due to an accident. However, Sunil would have to pay an extra amount to avail of this benefit.

So let us assume that the yearly premium payment excluding the rider is Rs.10 thousand. Now let us assume Sunil needs to pay Rs.800 extra every year to avail of the accidental death benefit rider. In that case, he needs to pay Rs.(10,000 + 800) = Rs.10,800 per annum.

Paying the premium amount of Rs.10,800 per annum will provide a cover of Rs. (50 lakhs + 10 lakhs) = 60 lakhs if he passes away due to an accident.

So, you see - Sunil simply increased 10 lakhs in protection simply by paying Rs.800 yearly.

Exclusions to Accidental Death Benefit Rider

This rider comes with many exclusions. That implies that deaths due to certain circumstances, such as:

Death through alcohol/drug overdose
Self-inflicted injury, suicide
During employment in the armed forces
Riots
Adventure sports like bungee jumping
Civil commotion
Involvement in an aviation or aeronautical operations-related accident
War
River rafting
Scuba diving, etc.

Additionally, there are limitations on the age at which you can avail of the benefits provided by the rider. For example, the rider cannot apply to the policyholder after they reach 75 years. Also, the insured cannot avail the rider once he/she reaches 65 years of age.

Are You Eligible Extra Payout on Accidental Death?

This rider is usually advisable for people whose work either involves frequent travel or those who work in dangerous conditions.

However, accidents are unavoidable situations that can knock on anyone's doors. Thus, it is wise for everyone to select the death benefit rider in the event of an accident when purchasing a term plan. This is because even those who do not work in hazardous conditions or travel frequently could encounter a devastating accident.

Summing It Up

Accidents can happen anytime and are almost impossible to foresee. However, what is possible is to equip yourself with policies designed to look after your loved ones if god forbid something happens to you in the future. Keeping that in mind, we have tried our best to explain the concept of extra payout on accidental death in this article. Make sure you understand it properly and make an informed decision.

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.

Different types of Plans

Term Insurance

View Plans

Life Insurance

View Plans

List of Term Insurance Companies

View Plans

TROP

View Plans

Term Insurance For Senior Citizen

View Plans

Term Insurance For Spouse

View Plans

Term Insurance For Family

View Plans

Term Insurance For NRI

View Plans

List of Term Insurance Plan

View Plans

Life Insurance Corporation of India

View Plans

What is Term Insurance?

View Plans

Term Insurance Calculator

View Plans

1 Crore Term Insurance

View Plans

2 Crore Term Insurance

View Plans

Explore the popular searches and stay informed

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month 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 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/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 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/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 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/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 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 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.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.