Will the nominee get insurance claim if the policyholder has term insurance but no accidental death rider?


#1

Will the nominee get insurance claim if the policyholder has term insurance but no accidental death rider?


#2

Yes the nominee will definitely get the claim as per the policy even if the policyholder did not opt for an accidental death rider for the term insurance plan. Many people believe that you need to opt for this rider to receive accidental death benefits. Term insurance policy offers death benefits for accidental deaths but if you have opted for this rider, you can get an additional sum assured. For example if someone has a term insurance plan of Rs. 5 Lakhs and an additional accidental rider add-on worth Rs. 5 Lakhs, the nominee would get a total of Rs. 10 Lakhs if the policyholder dies due to an accident during the policy tenure.


#3

Hi Sooraj,

Usually Term Insurance also covers accidental death. The sum assured will be payable to the nominee in the event of accidental death of the policy holder.

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Team BB