Accidental Death Benefit


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Accidental Death Benefit

The benefit paid on accidental death and dismemberment insurance. In general, the accidental death benefit is paid if the policyholder dies as the result of a non-work related accident. A policy may also pay an accidental death benefit if the policyholder loses a limb or sustains some other, major injury. This benefit is over and above what the beneficiary would receive from a normal life insurance policy.
References in periodicals archive ?
Provides additional Accidental Death Benefit equivalent to 50% of the MPB for customers aged between 12 and 65.
50 that will pay an accidental death benefit of R$ 20,000 to the beneficiaries of the policyholder.
This insurance policy will be a great support for NADRA employees sheltering them against any unseen circumstances while covering accidental death benefit, accidental disability benefit, natural disability benefit and terminal illness benefit.
After the Insurance Regulatory and Development Authority (IRDA) gave its nod to this concept last year, insurers have been busy rolling out an array of addons, ranging from depreciation waiver and key replacement reimbursement to accidental death benefit and medical expenses reimbursement.
After Irda gave its nod to this concept last year, insurers have been busy rolling out an array of add-ons, ranging from depreciation waiver and key replacement reimbursement to accidental death benefit and medical expenses reimbursement.
This includes medical, dental, life, disability and accidental death benefit programs along with Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), Defined Benefit Pension Plans and Defined Contribution Plans
When Mr E's prize-winning parrot died," the publication reports, "Mr E put in a claim to the [insurance] firm for accidental death benefit of pounds 1,200.
Just days before she was murdered, Natalie was turned down for the policy, but Williams thought she was still covered under a pounds 500,000 accidental death benefit.
Several other optional riders are available including Disability Waiver, Accidental Death Benefit, Acceleration of Death Benefits, Children's Term, Applicant's Waiver of Premium and a Guaranteed Issue Rider.
This cover offers personal accidental death benefit of PKR20,000," said Khurram Alikhan, CEO at Aon Pakistan.
Additional premium for riders such as accidental death benefit is excluded.