Given the uncertainty of life, it is good to get as much protection as possible. Policyholders should always aim to maximise their plan coverage. One such effective method to enhance a standard insurance policy is Kotak Accidental Death Benefit Rider. This rider benefit is payable to the nominee in case the life insured dies due to an accidental cause during the term of the accidental death insurance rider. In such a case, the nominee receives the accidental death insurance benefit over and above the basic sum assured in the policy.
For example, a person has an existing insurance plan of ₹X lakhs. He does not have impending liabilities and can afford an additional accidental cover. So, for more security, he purchases an accidental death insurance rider. Now in case, if the life insured dies due to an event classified as accidental, the nominee will receive ₹X lakhs + accidental death insurance rider benefit. Hence, with the help of accidental death insurance rider, policyholders can get additional financial protection in case of unfortunate accidental death. Read the rider brochure carefully for detailed coverage guidelines.