LIC's Accident Benefit Rider is an add-on benefit to an LIC policy that provides financial compensation to the policyholder's beneficiaries if the policyholder dies in an accident. The rider pays out the rider sum assured in addition to the sum assured on death. The sum assured is subject to minimum and maximum limits:
- Minimum Sum Assured: Rs. 2 Lakhs
- Maximum Sum Assured: Rs. 2 Crores for LIC's Jeevan Shiromani, and Rs. 1 Crore for other plans
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| Product Location | India |
