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 ?
The grievance of the respondents was that vide notification/order dated 13-8-2008, contributory benefits and additional provision of accidental death benefit (ADB) was made available to the employees.
The DUES-TAB accidental death benefit does not provide benefits for suicide or attempt at suicide, intentionally self-inflicted injury, disease, infirmity, infection, medical or surgical treatment thereof.
Additional premium for riders such as accidental death benefit is excluded.
The option of attaching accidental death benefit rider or the critical illness rider makes it a comprehensive insurance product, said Sandeep Ghosh, Managing Director and CEO of Bharti AXA Life Insurance.
Accidental Death Benefit provides a sum of money, in addition to the normal life cover under the policy, in the event of death solely through an accident, while Dismemberment Benefit pays out a lump sum of money in the event of accidental loss of sight or limb.
On October 1, LODN increased the accidental death benefit available to living donors from $250,000 to $500,000 and made available an additional accident insurance policy to cover the life of the companion who travels to and from the donor's transplant center.
Optional riders include a rider for accident disability income protect, an accidental death benefit rider, and a rider that can waive the premium while a policyholder is involuntarily unemployed.
Police maintain Williams thought his wife was covered by an accidental death benefit, which he twice tried to claim on after her death, not telling the company he had been charged with her murder.
Reliance refused to pay the accidental death benefit to Tester's husband, arguing that she was no longer covered under the policy because she was not actively working at the time of the accident.
LLOYDS Bank and TSB current account holders can now register for free accidental death benefit of pounds 10,000 plus insurance cover for items bought by debit card and help with direct debit payments if they are off work through accident or sickness.
Several other benefits are included with the Protector Series at no additional cost, including common carrier accidental death benefit, which provides additional payments if death occurs as a result of certain accidents, and an accelerated death benefit, which provides early access to up to half of the death benefit prior to death if the insured individual is diagnosed as terminally ill.
Accidental Death Benefit Rider - pays a specified benefit amount in the event of an insured's accidental death;