If you are unable to pay your premium in the event of financial difficulties arising due to the following:
- Proposer is diagnosed with any of the specified critical illnesses
- Proposer becomes completely disabled due to an illness or accident
- Death of the proposer (if not the life insured)
Then the benefits under the base policy and all riders to which this rider is attached shall remain intact with no future premiums payable by you throughout the rest of the policy term or until the termination of the policy or till the attained age 70 of the proposer whichever is earlier.
The benefit under this rider is payable only when the base policy is in force. The cover under this rider will cease after a claim under this rider is paid, however, the cover under the base policy /other rider/s will continue.
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Entry Age
18 – 65 years Maximum age at the end of rider term is 70 years
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Pay Mode
Same as base policy
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Premium Paying Term
Same as Rider Term
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Rider Term
Same as that of the base policy or till the attained age 70 of the proposer, whichever is earlier.
You may opt for this rider only at the time of policy issue.
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FAQs
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What is the definition of Critical Illnesses for this rider?
In the case of Critical Illness, the policy owner needs to survive for a period of 30 days from the date of diagnosis to be eligible for the rider benefit. We cover 4 major illnesses under this benefit.
- First Heart Attack of Specified Severity (Myocardial Infarction)
- Cancer of Specified Severity
- Stroke Resulting in Permanent Symptoms
- Major Organ / Bone Marrow Transplant
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What is the definition of Total and Permanent disability for this rider?
The proposer shall be regarded as disabled and entitled to this benefit if due to illness, disease, injury or surgical operations s/he is totally and permanently unable, even with reasonable training, rehabilitation and/or job accommodation to engage in gainful employment in any occupation whatsoever. This disability should last for at least 180 days before being eligible for total and permanent disability benefits.
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Disclaimers
This rider is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This brochure contains only the salient features of the rider. For further details please refer to the policy contract. Tax benefits are subject to changes in the tax laws. Insurance is the subject matter of the solicitation. For more details and clarification call your ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company Limited) Registered Office: One World Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Call Centre: 1-800-270-7000 www.adityabirlasunlifeinsurance.com Reg. No. 109 CIN: U99999MH2000PLC128110 ADV/7/20-21/597 VER1/JULY/2020
UIN: 109A039V01
