and future premiums for Accident Benet Sum Assured as well as
premiums for the poron of Basic Sum Assured under the Base Policy
which is equal to Accident Benet Sum Assured under the policy, shall
be waived.
Under the policy on the life of minors, this rider will be available from
the policy anniversary following compleon of age 18 years on receipt
of specic request.
b) LIC’s Accident Benet Rider (UIN:512B203V03):
This rider can be opted for at any me under an in-force policy within
the premium paying term of the Base plan provided the outstanding
premium paying term of the Base plan as well as the Rider is atleast 5
years but before the policy anniversary on which the age nearer
birthday of the Life Assured is 65 years. The benet cover under this
rider shall be available only during the premium paying term or up to
the policy anniversary on which age nearest birthday of the Life
Assured is 70 years, whichever is earlier. If this rider is opted for, in case
of accidental death, the Accident Benet Sum Assured will be payable
in lumpsum along with the death benet under the base plan.
c) LIC’s New Term Assurance Rider (UIN: 512B210V01):
This rider is available at incepon of the policy only. The benet cover
under this rider shall be available for a term of 35 years or ll the policy
anniversary on which the age nearer birthday of the Life Assured is 75
years, whichever is earlier. If this rider is opted for, an amount equal to
Term Assurance Rider Sum Assured shall be payable on death of the
Life Assured during the Rider Term.
d) LIC’s New Crical Illness Benet Rider (UIN: 512A212V02):
This rider is available at the incepon of the policy only. The benet
cover under this rider shall be available for a term of 35 years or ll
the policy anniversary on which the age of the Life Assured is 75 years,
whichever is earlier. If this rider is opted for, on rst diagnosis of any
one of the specied 15 Crical Illnesses covered under this rider, the
Crical Illness Sum Assured shall be payable.
e) LIC’s Premium Waiver Benet Rider (UIN: 512B204V03):
Under an in-force policy, this rider can be opted for on the life of
Proposer of the policy; at any me coinciding with the policy anniversary
but within the premium paying term of the Base Policy provided the
outstanding premium paying term of the Base Policy and the rider
is at least ve years. Further, this rider shall be allowed under the policy
wherein the Life Assured is Minor at the me of opng this rider. The
Rider term shall be outstanding premium paying term of the base plan
as on date of opng this rider or (25 minus age of the minor Life Assured
at the me of opng this rider), whichever is lower. If the rider term
plus proposer’s age is more than 70 years, the rider shall not be allowed.
If this rider is opted for, on death of proposer, payment of premiums
in respect of base policy falling due on and aer the date of death
ll the expiry of rider term shall be waived. However, in such case, if
the premium paying term of the Base policy exceeds the rider term, all
the further premiums due under the Base policy from the date of
expiry of this Premium Waiver Benet Rider term shall be payable by
the Life Assured. On non-payment of such premiums the policy would
become paid-up.
The premium for LIC’s Accident Benet Rider or LIC’s Accidental Death
6