Insurance
Accidental Death Rider
Also known as: Accident Benefit, Accidental Death Benefit
Additional insurance benefit providing extra payout if death occurs due to accident.
Detailed Explanation
Accidental death rider provides an additional sum assured over the base coverage if the policyholder's death is caused by an accident. This rider is particularly useful for people with high-risk occupations or those who travel frequently. The additional benefit is typically equal to the base sum assured.
Related Terms
Insurance Rider
Additional benefits that can be attached to a base life insurance policy for extra protection.
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Term Insurance
Pure life insurance providing high coverage at low cost with no investment component.
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Sum Assured
The guaranteed amount paid by insurance company to beneficiaries upon policyholder's death.
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