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What is Accidental Death Insurance Rider?

Updated On Apr 22, 2021

People often get confused between life insurance and accidental death insurance. Although they are seemingly similar to each other but accidental death benefit insurance is quite different from traditional life insurance cover. While life insurance is a complete plan in itself, an accidental death insurance is a rider which can be opted with a life insurance plan to enhance the coverage of the former.

Under accidental death insurance cover, a sum assured is paid to the nominee in case of an unfortunate demise of the life assured in an accident. Accidental death insurance can be purchased at the time of policy issuance. 

Also Read:- What are Riders in Life Insurance? What are their Benefits?

What is An Accidental Death Insurance Rider?

Accidental death insurance offers coverage in the case of death of the life assured caused by being involved in an accident. An accidental death is one where the victim might die immediately or usually within 6 months from the occurrence of the accident. You can purchase this coverage along with the base plan to enhance the life coverage under the same policy. This is one of the most chosen riders out of all. 

What is the Benefit of an Accidental Death Benefit Rider?

Accidental death benefit rider helps you ensure that at the time of a medical emergency or in case of your unfortunate demise, your family has adequate financial resources to maintain a healthy lifestyle even in your absence. When you opt for this cover, an additional death sum assured is paid to your nominee with the basic death sum assured at the time of your unfortunate death in an accident.

What is Not Covered Under Accidental Death Insurance?

A death occured in or due to any of the following scenarios is not covered under accidental death insurance rider:

  • Drug overdose
  • Suicide
  • Participation in military or defence activity like aeronautical operations etc.
  • Participation in adventurous sports like bungee jumping, river rafting, mountaineering, etc
  • Venereal Diseases
  • Pre-existing diseases (PED) before the expiry of the PED waiting period
  • Self inflicted injuries
  • Insanity
  • Participation in illegal activities
  • War or terrorism

You May Also Like To Read:- Benefits Of Enhancing Your Life Insurance With Riders

Why Are Life Insurance Riders Important?

Bottom Line

Purchasing an accidental death benefit rider along with life insurance is beneficial for you as accidents are unforeseen and it is never bad to have an extra layer of financial protection. This rider helps you enhance the death coverage significantly against the payment of a nominal premium. This is one of the most opted for life insurance riders owing to its benefits and coverage.

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