Eligibility & Terms (as per Sales Brochure):
- Minimum Entry Age: 18 years (completed).
- Maximum Entry Age: 65 years (nearest birthday).
(Note: Rider must be opted for before policy anniversary on which age NB is 65 years, i.e., typically at completed age 64 or less).
- Rider Cover Ceasing Age: 70 years (nearest birthday).
- Minimum Accident Benefit Sum Assured (ABSA): ₹20,000.
- ABSA Multiples: ₹5,000.
- Maximum ABSA: Cannot exceed Base Policy Sum Assured. Aggregate limits apply:
- For most plans: Max ₹1 Crore.
- With LIC’s Jeevan Shiromani (min ₹1 Crore ABSA under it): Max ₹2 Crore (including Jeevan Shiromani's ABSA).
- Overall individual cap from all policies: ₹2 Crore.
- Rider Term: Min(Outstanding PPT of Base Plan, (70 - Age at Entry Nearest Birthday) years).
- Premium Paying Term for Rider: Same as Rider Term.
- Outstanding PPT of Base Policy (and Rider) must be at least 5 years at the time of opting.
Premium Rate (Standard):
- ₹0.50 per ₹1,000 Accident Benefit Sum Assured per annum.
- (A higher rate of ₹1.00 per ₹1,000 ABSA applies if opted for cover during police duty).
General Conditions:
- This is an optional rider. Rider premium is payable along with the base policy premium and for the same mode.
- Rider coverage is contingent upon the base policy being in force. Does not acquire paid-up or surrender value.
Exclusions (Summary):
Benefits are not payable for accidental death due to: intentional self-injury, attempted suicide, insanity, immorality, influence of intoxicating liquor/narcotics (unless prescribed), riots, civil commotion, rebellion, war, invasion, hunting, mountaineering, steeple chasing, racing, paragliding, parachuting, adventurous sports, criminal acts, employment in armed forces (exceptions apply), police duty (exceptions apply if specific cover opted), or if death occurs after 180 days from accident date.