Insurance Protection for Stampede Deaths
🔹 Plan Introduction
- Bandhan Life Insurance has
introduced the “Enhanced Accidental Death Benefit Rider.”
- This is a rider policy,
which means it is added along with a base insurance policy.
- It provides additional
financial protection in case of unexpected accidental deaths.
🔹 Why is this Rider Important?
- In India, various types of
accidents still occur frequently, such as:
- Train accidents
- Airplane accidents
- Crowd stampedes
- Fire accidents
- It is important to consider
these risks as part of financial planning.
🔹 How Does This Rider Work?
- In case of accidental death:
- Base sum assured + Rider
sum assured
will be paid.
- This ensures higher
financial support for the nominee.
🔹 Situations Covered
- Train accidents
- Air accidents
- Accidents in large public
gatherings (Stampede)
- Other sudden accidental
events
🔹 Types of Rider Plans
1. Premium Plan
- Based on the nature of the
incident
- Compensation can go up to 300%
of the sum assured
2. Classic Plan
- Provides 1x to 3x
coverage
- Maximum coverage up to ₹3
Crore
🔹 Key Features
- During the policy term:
- The rider can be added
- Removed
- Coverage amount can be
modified
- Offers a flexible plan
structure
🔹 Premium Cost
- Provides high protection at
a low cost
- Example:
- For ₹10 lakh coverage, the
rider can be added starting from around ₹700
🔹 Linked Plan
- Currently, this rider is
available with the iInvest Ultima plan
🔹 Key Benefits
- High financial protection at
a low cost
- Helps ensure family
financial stability
- Provides strong support
during unexpected accidents
🔹 Conclusion
- Accidents can happen at any
time
- Adding such a rider to your
base insurance policy is a smart financial decision
- It acts as an important tool
to provide extra protection for your family
