ABSLI Accidental Death Benefit Rider Plus

In the unfortunate event of death of the life insured due to an Accident within 180 days of occurrence of the accident, we will pay 100% of the rider sum assured to the nominee only if this rider cover is inforce as on the date of accident including the grace period.

Additionally, ABSLI will refund the premiums collected aſter the date of Accident till date of death, with interest as declared by us from time to time, along with death benefit payable

Once the rider sum assured is paid, the rider shall terminate and no further rider premiums will be payable

Not applicable

• For Limited Pay - If the due premium is not received before the end of grace period and if the base plan is eligible for a Reduced Paid Up Benefit, the rider will not lapse but also continue on a Reduced Paid-Up basis. Under Reduced Paid-Up, your rider sum assured shall be reduced in proportion to the premiums paid to total premiums payable during the rider term. If the base plan is not eligible for a RPU benefit, the rider cover shall cease.
• For Regular Pay - The rider is not eligible for a Reduced Paid-Up benefit and the rider benefits will cease when due premiums are not paid within the grace period.

The rider can be revived as per the rules of the base plan.

There is no surrender benefit offered for regular pay option under this rider.

However, for Limited Pay, the rider will be eligible for a surrender value provided that the base plan is eligible for a surrender benefit (if the base plan is also surrendered). If the rider is surrendered without the base policy being surrendered, then surrender value on rider benefit is eligible if at least two full years’ premiums have been paid. The surrender value is the percentage of total rider premiums paid (excluding any underwriting extra and applicable on the outstanding rider term and the rider term. The rider surrender value is payable at the same time as the base plan surrender value

For Single Pay, this rider will acquire surrender value at any time immediately after the rider issuance.

In case the rider is attached to a unit-linked base plan, the rider cannot be deleted during the lock-in period of first five policy years of the base plan.