Linked Accidental Death and Disability Rider

Q: Can I take ICICI Pru Accidental Death and Disability Rider with any product?

The ICICI Pru Accidental Death and Disability Rider is available with ICICI Pru Gold and ICICI Pru GIFT Long-Term.

Q: Does the rider provides tax benefits?

Tax benefits4 under the policy are subject to conditions under Sec. 80C ,10(10D) and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.

You live in pursuit of your family’s happiness. Even in your absence you want to keep them happy and financially secured. Life is unpredictable, but an unforeseen accident or disability caused due to accidents may affect your family’s financial well-being.

ICICI Pru Linked Accidental Death and Disability Rider is designed to secure the financial needs of your loved ones in case of your unfortunate demise or a disability caused due to accidents. The Rider will be attached to your base policy and provide you additional sum assured to give you that extra comfort of safety.

Key Benefits:

ICICI Pru Linked Accidental Death and Disability Rider provides your family an extra layer of protection by paying them a lump-sum in case of an accidental death¹ or total and permanent disability² due to an accident.
You can opt for one or both of the rider benefit options i.e. Accidental Death cover or Accidental Total and Permanent Disability cover.
You have an option to add the rider benefit to your base policy at its inception or at a later stage any time during the premium payment term of the base policy.
The cover can be up to the sum assured³ of the base policy.
The premium payment and policy term of the rider will be as per the base policy subject to maximum available rider coverage term.
Tax benefits⁴ may be available on premiums paid and benefits received as per prevailing tax laws.

The rider is available with the following plan:

FAQs

1) Can I take ICICI Pru Linked Accidental Death and Disability Rider with any product?

The ICICI Pru Linked Accidental Death and Disability Rider is available with ICICI Pru Protect N Gain.

2) Can I only purchase the ICICI Pru Linked Accidental Death and Disability Rider?

No, Accidental Death and Disability Rider is a rider that can be attached with your base policy and cannot be purchased standalone.

3) Does the rider provides tax benefits?

Tax benefits⁴ under the policy are subject to conditions under Sec. 80C,10(10D) and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.

4) Is there any online discount available?

A discount on each year’s rider premium will be offered to all policies purchased with rider online which is given in the table below.

Premium Payment Option	Discount
Single Pay	2%
Limited Pay, Regular Pay	4%

5) What is the maximum coverage that I can opt for with the ICICI Pru Linked Accidental Death and Disability Rider?

The maximum cover for the Accidental Death and Disability Rider can be up to the sum assured³ of the base policy.

6) Are there any exclusions for ICICI Pru Linked Accidental Death and Disability Rider?

Please find the complete list of exclusions in the rider sales brochure.

1) Can I take ICICI Pru Linked Accidental Death and Disability Rider with any product?

The ICICI Pru Linked Accidental Death and Disability Rider is available with ICICI Pru Protect N Gain.

2) Can I only purchase the ICICI Pru Linked Accidental Death and Disability Rider?

No, Accidental Death and Disability Rider is a rider that can be attached with your base policy and cannot be purchased standalone.

3) Does the rider provides tax benefits?

4) Is there any online discount available?

A discount on each year’s rider premium will be offered to all policies purchased with rider online which is given in the table below.

Premium Payment Option	Discount
Single Pay	2%
Limited Pay, Regular Pay	4%

5) What is the maximum coverage that I can opt for with the ICICI Pru Linked Accidental Death and Disability Rider?

The maximum cover for the Accidental Death and Disability Rider can be up to the sum assured³ of the base policy.

6) Are there any exclusions for ICICI Pru Linked Accidental Death and Disability Rider?

Please find the complete list of exclusions in the rider sales brochure.

Illustration 1

Illustration 2

Accidental Death Benefit:

The below table shows sample annualized premiums for the Accidental Death Rider benefit option at different premium payment terms and rider terms for a sum assured of ₹ 10 Lacs.

Premium Payment Term (A)	Rider Term (B)	Annualized Premium (C)	Total Premiums Paid (AXC)
5 years	10 years	903	4,515
6 years	12 years	949	5,694
10 years	12 years	657	6,570
12 years	20 years	886	10,632
20 years	20 years	576	11,520

GST applicable on premium will be charged extra as per prevailing tax laws.

Accidental Total and Permanent Disability Benefit :

The below table shows sample annualized premiums for the Accidental Total and Permanent Disability Rider benefit option at different premium payment terms and rider terms for a sum assured of ₹ 10 Lacs.

Premium Payment Term (A)	Rider Term (B)	Annualized Premium (C)	Total Premiums Paid (AXC)
5 years	10 years	695	3,475
6 years	12 years	728	4,368
10 years	12 years	504	5,040
12 years	20 years	677	8,124
20 years	20 years	442	8,840

GST applicable on premium will be charged extra as per prevailing tax laws.

Plan at a Glance

Premium Payment Option (PPT in years)	Premium Payment Term (PPT) (in years)	Min/Max Policy Term (PT) (in years)	Min/Max Age at Entry (in years)	Min/Max Age at Maturity (in years)
Single Pay	1	5 to 67	18/65	23/85
Limited Pay	5 to 66	PPT+1 to 67
Regular Pay	5 to 67	Equal to PPT

Premium Payment Frequency: Single Premium, Yearly, Half-Yearly, Monthly (same as chosen under the Base policy)

Please note: The Rider Premium Payment Term will be same as the outstanding Premium Payment Term of the Base policy. The maximum Rider Policy Term will be equal to the outstanding policy term of the base policy. These will be subject to minimum and maximum conditions mentioned in the table above.

People like you also read ...

Monthly Income Scheme

Impact of Inflation on Savings

Guaranteed Return Plan

Benefits of Guaranteed Income For Tomorrow Plan

Disclaimers

The products are available standalone with the option of adding ICICI Pru Linked Accidental Death and Disability Rider. The rider can only be attached to a base policy and can’t be purchased standalone..

¹Accidental death benefit option: If the life assured covered by this benefit option passes away, due to an accident which happens within the coverage term, the Accidental Death Sum Assured will be paid out as a lump sum to the nominee. This amount will be payable if the accident occurs within the coverage term set under this benefit option, but death occurs beyond the Coverage term (however within 180 days from the date of the accident), provided the option is in-force or in grace period at the time of accident. On payment of the Accidental Death Sum Assured to the Claimant, the benefit option will terminate and all rights, benefits and interests under the option will stand extinguished.

²Accidental total and permanent disability benefit option: If the life assured covered by this benefit option become totally, continuously and permanently disabled as a result of accident i.e., Accidental Total Permanent Disability and meets any of 3 clauses as defined in the policy document, the Accidental Total and Permanent Disability Sum Assured will be paid out as a lump sum to the nominee. On payment of the Accidental total and permanent disability Sum Assured to the Claimant, the benefit option will terminate and all rights, benefits and interests under the option will stand extinguished. For more details, kindly refer to the Rider policy document.

³It refers to life cover available under the base policy at inception. Life cover is the benefit payable on death of the Life Assured during the policy term.

⁴Tax benefits may be available as per prevailing tax laws. Tax benefits under the policy are subject to conditions under provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for more details.

ICICI Pru Linked Accidental Death and Disability Rider. UIN: 105A043V01

ICICI Pru Protect N Gain UIN: 105L191V01

W/II/0271/2023-24

ICICI Pru Linked Accidental Death and Disability Rider

Check

Key Benefits:

The rider is available with the following plan:

FAQs

1) Can I take ICICI Pru Linked Accidental Death and Disability Rider with any product?

2) Can I only purchase the ICICI Pru Linked Accidental Death and Disability Rider?

3) Does the rider provides tax benefits?

4) Is there any online discount available?

5) What is the maximum coverage that I can opt for with the ICICI Pru Linked Accidental Death and Disability Rider?

6) Are there any exclusions for ICICI Pru Linked Accidental Death and Disability Rider?

1) Can I take ICICI Pru Linked Accidental Death and Disability Rider with any product?

2) Can I only purchase the ICICI Pru Linked Accidental Death and Disability Rider?

3) Does the rider provides tax benefits?

4) Is there any online discount available?

5) What is the maximum coverage that I can opt for with the ICICI Pru Linked Accidental Death and Disability Rider?

6) Are there any exclusions for ICICI Pru Linked Accidental Death and Disability Rider?

Accidental Death Benefit:

Accidental Total and Permanent Disability Benefit :

Plan at a Glance

People like you also read ...

Disclaimers