HDFC Life Income Benefit on Accidental Disability Rider

HDFC Life Income Benefit on Accidental Disability Rider

An unexpected accident may affect your income and ruin your dreams. Accidental disability may affect your ability to perform even some of the simplest tasks such as walking and seeing, keeping you far from generating your income.

Ensure that your family’s lifestyle is not compromised even if you are unable to work due to disability - by securing a monthly income with HDFC Life Income Benefit on Accidental Disability Rider.

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  • Monthly income security in the event of accidental disability
    1. Regular monthly income equal to 1% of Sum Assured for a fixed period of 10 years
      1. Available as an additional benefit with your insurance policy at a nominal cost.
        • A regular monthly Income equal to 1% of rider Sum Assured is payable in the event of Total Permanent Disability due to accident for a fixed period of 10 years.
          1. Tax Save Tax under Income Tax Act 1961 as per prevailing tax laws. View latest income tax rates for Financial Year 2014-15


            This Rider can currently be attached with HDFC Life Click 2 Protect Plus & HDFC Life Super Income Plan (Currently available through our Financal Advisors & Branches. Will be available on Online soon.)
            Parameters Limits
            Entry age (last birthday) 18 years to 55 years
            Maturity age (last birthday) Up to 65 years
            Policy term 10 to 40 years^
            Premium payment term Less than or equal to the premium payment term of the base plan
            Minimum Sum Assured Rs 100,000
            Maximum Sum Assured No limit, subject to satisfactory underwriting#

             

            ^This rider may be selected for a rider term such that the expiry date of the rider does not exceed the Base Policy’s expiry date.
            # The maximum Sum Assured shall not exceed the Sum Assured of the Base Policy to which this rider is attached.
            For Details on the benefit and definitions, please read product brochure in details