He further submits that the respondents were liable to be paid a sum of Rs.1,000,000 under the insurance policy and that the payment by way of accidental death benefit
was liable to be made to the respondents.
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.
This bundle comes with a critical illness benefit of P250,000 up to age 70, daily hospital benefit of P1,000 up to age 60 and accidental death benefit
P500,000 up to age 70.
* Three riders included at no additional cost: advance up to 50 percent of the lump sum death benefit for a critical illness; advance up to 95 percent of the lump sum death benefit for a terminal illness; and an accidental death benefit
of 100 percent of the lump sum death benefit.
* Accidental Death Benefit
: Provides payment of an additional benefit amount if the insured dies as a result of an accidental bodily injury.
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.
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.