The riders mentioned above are offered under our product ICICI Pru iProtect Smart. Please note that Life Insurance riders are not the same across the industry. Show
* Accelerated Critical Illness Benefit (ACI Benefit) is optional and available under Life & Health and All in One option. This benefit is payable, on the first occurrence of any of the 34 critical illnesses covered. Medical documents confirming the diagnosis of critical illness need to be submitted. The benefit is payable only on the fulfilment of the definition of the diagnosed critical illness. The ACI Benefit is accelerated and not an additional benefit, which means the policy will continue with the Death Benefit reduced by the extent of the ACI Benefit paid. The future premiums payable under the policy will reduce proportionately. If ACI Benefit paid is equal to the Death Benefit, the policy will terminate on payment of the ACI Benefit. To know more in detail about the ACI Benefit and terms & conditions governing it, kindly refer to the sales brochure. ACI Benefit term would be equal to policy term or 30 years or (75-Age at entry), whichever is lower. + Accidental Death benefit is up to ₹ 2 Crore. Accidental Death Benefit is available in Life Plus and All in One option under ICICI Pru iProtect Smart. In case of death due to an accident, Accidental Death Benefit will be paid out in addition to Death Benefit. Accidental Death Benefit is only available for the policy term or till the age of 80 years, whichever is lower. ++ On diagnosis of Permanent Disability (PD) due to an accident, the future premiums under your policy for all benefits are waived. To know more about the definitions and terms & conditions applicable for permanent disability due to accident, kindly refer to the sales brochure of ICICI Pru iProtect Smart. # Tax benefits under the policy are subject to conditions under Sections 80C, 10(10D),115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on the above. To know about the add-on benefits of our term plan ICICI Pru iProtect Smart, click here.(UIN: 105N151V06) W/II/2083/2020-21 
Understanding term life insurance ridersA term rider is an easy way to customize your life insurance policy by supplementing your main policy with temporary coverage that “rides along” when you need it most. These policy add-ons are designed to cover you for a specified number of years, usually when you are facing additional financial obligations that would otherwise require short to medium-term life insurance. Making it real: Extra coverage when your expenses suddenly doubleThe Johanssons were married for exactly one year when they found out they were pregnant — with twins. While they were busy planning to buy two of everything, they had peace of mind knowing they added supplemental term rider coverage to their policy that they could activate and extend as needed — all the way to helping pay for two college educations if needed. Gulp. How term riders workWhile long-term insurance can offer enough coverage at an affordable rate, it’s rarely a one-size-fits-all solution. Your circumstances will change from year to year in ways neither you, nor your life insurance advisor can predict. A life insurance rider can help you create a more flexible protection plan for you and your family. By adding a rider to your current 10 to 40-year term life insurance policy you get added coverage early in your policy and don’t end up paying for coverage when you don’t need it. Term riders are there to congratulate you and cover you.So let’s say you just got a big promotion accompanied by a nice salary increase — which is perfect because you just bought your first house. At Legal & General America, you can choose to add additional coverage for these events and stack your term rider on top of your base term policy for 10, 15 or 20 years. We’re here with you every step of the way. Best of all, with our stackable coverage, you only have one policy to manage. You can select up to three different term riders to include on top of your policy, and each one will automatically drop off when the coverage period ends, adjusting your payments to the new coverage amount along the way. You don’t have to reapply or adjust your policy at all -- the layers are built in from the start so you can set it up and let it work for you. Do I need a term rider?If you’re looking for an easy, flexible and affordable way to add more protection for your family when you need it, a term rider is a great solution for you:
If you’re planning on getting term life insurance and you expect your financial obligations to lessen over time, then term riders are a great way to save money and get the coverage you need. We also offer other types of riders designed to cover specific needs:
Can I remove a term rider from my policy?With our term riders, you can remove a term rider before its expiration date, but you won’t be able to reinstate the rider once you made that decision. If you want to extend your policy length, you can benefit from our conversion period which lasts 10, 15 or 20 years, depending on which rider you’ve added. How to add a term rider to your life insuranceTerm riders can only be added at the start of your life insurance policy during the application process. Get in touch with a licensed member of our team to customize your coverage. Find an advisor near you or fill out a short form to get an instant quote! What is life insurance?Life insurance isn't really about you, is it? It's a promise to your family that they'll be taken care of if the unexpected happens to you. Let us help you decide what makes sense for you and your family. Learn about life insurance What would it cost to replace mom?Life insurance isn’t just for working moms. Think about all the tasks Mom does in one day— how much would it cost to pay someone else to do all of the things that a stay-at-home mother does for her children? Find out the cost What is additional life insurance rider?An additional life insurance rider allows the policyowner to purchase additional participating paid-up insurance for an additional premium (called paid-up additions) that increases the death benefit and accelerates the cash value growth, of an insurance policy.
What is the name for the rider that provides additional term insurance on the primary insured with guaranteed convertibility?1. Guaranteed Insurability Rider. This rider allows you to purchase additional insurance coverage in the stated period without the need for further medical examination.
What is a family term insurance rider?A family income rider is an optional add-on to your term life insurance policy that, if you pass away, will start paying out your death benefit in monthly installments to replace the income you provided your family.
Which rider provides an amount of insurance on every family member?A family income rider is an add-on to a life insurance policy that provides money equal to a policyholder's monthly income to beneficiaries, should the policyholder die.
|
What is the name for the rider that provides additional term insurance for up to five family members?
Urheberrechte © © 2024 de.ketajaman Inc.
