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Sahara India Accidental Death Benefit Rider Plan, Policy, Premium and Maturity Calculator is an optional accidental death benefit rider offered by Sahara India Life Insurance Company Limited to give its policyholders an added level of protection. Sahara ADB Rider is a non-linked accidental death benefit rider for people who require enhanced protection at an additional premium. Under this ADB Rider, you can get the following benefits:

  • Accidental Death Benefit Sum Assured is payable to the beneficiary in the unfortunate event of the demise of the life insured. The death must be a result of injuries sustained in an accident. Death must occur within 180 days of occurrence of accident.
  • Tax benefits as per the Income Tax Act, 1961.

Eligibility - Sahara Accidental Death Benefit Rider Plan and Policy

Listed below are the eligibility factors you must meet to purchase Sahara Accidental Death Benefit Rider Plan:

Minimum entry age 18 years
Maximum entry age 60 years or maximum entry age of base policy, whichever is lower
Maximum maturity age 60 years

Sum Assured and Premium Range - Sahara Accidental Death Benefit Rider Plan and Policy

The Policy Term and Sum Assured for Sahara Accidental Death Benefit Rider Plan are as follows:

Policy Term As per the base policy, subject to a maximum maturity age of 60 years
Premium Payment Term (PPT) As per the base policy, subject to a maximum maturity age of 60 years
Sum Assured
  • Minimum Rs.50,000
  • Maximum Rs.20 lakhs (including cover under all previous policies with the company) or base policy Sum Assured, whichever is lower

Plan coverage - Sahara Accidental Death Benefit Rider Plan and Policy

This is how the Sahara Accidental Death Benefit Rider Plan works, in the unfortunate event of the demise of the life insured, the nominee or beneficiary will be paid Accidental Death Benefit Sum Assured not exceeding Rs.20 lakhs (including cover under all previous policies with the company). The death benefit is payable only if the death is caused due to injuries sustained from an accident within 180 days of occurrence and while the rider is in force.

Exclusions - Sahara Accidental Death Benefit Rider Plan and Policy

Under Sahara Accidental Death Benefit Rider Plan, the company will not be liable to pay any benefit in the case of the death of the life insured caused either directly or indirectly by any of the following:

  • Attempted suicide.
  • Self-inflicted injuries under the influence of narcotics substances, drugs or liquor.
  • Participation in aerial flights such as parachuting and skydiving other than as a fare paying passenger on a licensed passenger-carrying commercial aircraft.
  • Committing any crime or unlawful activities.
  • Participating in extreme sports such as martial arts, mountaineering, etc.
  • War, civil commotion, unrest, etc.

Change of occupation or hobbies of the life insured has to be intimated to the company within 30 days in written notice. Failure to do so will result in the company declining to make payment under the ADB Rider if the death of the life insured is directly or indirectly related to such a change. Once the change is intimated, the company will determine revisions to the rider cover and send the policyholder notice of the revision. The policyholder can decide to terminate the rider policy within 30 days of receipt of the notice by submitting a written termination request.

Other key features - Sahara Accidental Death Benefit Rider Plan and Policy

Listed below are the key features of Sahara Accidental Death Benefit Rider Plan:

  • Free-look period: From the date of receipt of the rider policy document, you are given 15 days to review the terms and conditions of the policy. If you have any objection to the terms and conditions, you have the option to return the policy. You will be refunded the premium paid minus risk premium cover for that period and other charges, if any.
  • Claim: The company has to be informed of the claim in writing within 90 days of the event occurrence. All required documents such as the last medical attendant’s report, the original policy and rider documents, all medical and hospital records, a copy of the death certificate, claimant’s ID proof, a copy of FIR, post mortem report, and a copy of the life insured’s driving licence.
  • Revival: The rider can be revived only as per the base policy revival rules.

Tax Benefits - Sahara Accidental Death Benefit Rider Plan and Policy

Under Sahara Accidental Death Benefit Rider Plan, you can get tax deductions on premiums paid under Section 80C of the Income Tax Act, 1961.

Other benefits – How you can save with the Sahara Accidental Death Benefit Rider Plan?

There are several other benefits of purchasing insurance plans and riders from Sahara India Life Insurance Company Limited such as:

  • Premium calculator: You can calculate premium using the online premium calculator which is available on the company website.
  • Insurance advisor: You can fill up and submit an online request form to get in touch with an insurance advisor who can guide you through all insurance related processes.
  • Grievance redressal: The company has a dedicated grievance redressal cell to resolve your grievances at the earliest. Visit the nearest Sahara India Life Insurance branch, call the company toll-free number at 1800-180-9000 or mail to grievance.life@sahara.in. Grievances will be acknowledged within 10 business days.
  • Premium payment: You can make premium payments via cheques or cash deposits at any of the company branch. Premium cheques should be drawn in favour of Sahara India Life Insurance Company Ltd.

Sahara India Rider Life Insurance Plans and Policy

Sahara India Money Back Plans
Sahara Pay Back Jeevan Bima
Sahara Dhanviddhi-Jeevan Bima
Sahara Dhanvarsha Jeevan Bima
Sahara India ULIP Plans
Sahara Sanchit - Jeevan Bima
Sahara Utkarsh - Jeevan Bima
Sahara Sugam - Jeevan Bima
Sahara India Group Insurance Plans
Sahara Samooh Suraksha

Sahara India Rider Plans
Sahara Accidental Death Benefit Rider