Accident Cover
Accidental Death & Disability Rider
Pays an additional amount if death is caused by an accident, or a benefit on permanent disability as defined in the rider.
Life insurance is a financial safety net for the people who depend on you. It helps your family meet living expenses, repay loans and keep long-term goals on track if you are no longer around. A Distroo Advisor helps you estimate the cover you need, compare suitable plans from partner insurers and understand the riders and exclusions before you decide.
A death claim is a sensitive moment. Here is how your Advisor supports the nominee through the process. The insurer makes the claim decision.
The nominee informs the insurer and tells your Advisor. We explain the steps and the documents the insurer will need.
We help the family gather the death certificate, hospital records, KYC documents and the claim form, so that the submission is complete.
The claim is submitted to the insurer with all required documents. Insurers must follow IRDAI's policyholder protection timelines for settlement.
Your Advisor helps the nominee respond to insurer queries and, if needed, use the insurer's grievance process.
If the claim is admitted, the insurer pays the sum assured to the nominee, usually by direct bank transfer.
A term plan pays on death. Riders can add benefits during your lifetime for accidents and serious illness. They cost extra and have their own definitions.
Pays an additional amount if death is caused by an accident, or a benefit on permanent disability as defined in the rider.
Pays a lump sum on diagnosis of a listed critical illness that meets the policy definition, subject to waiting and survival periods.
If you suffer a disability or illness as defined in the rider, future premiums are waived and the cover continues.
Some plans pay part or all of the sum assured early if you are certified with a terminal illness, as defined in the policy.
Share your goals and a Distroo Advisor will explain suitable options in plain language.
Typical clauses to understand before you buy. Your policy wording is the final word.
Typical features of term life plans; check your policy
Death from natural causes, illness or medical conditions during the policy term.
Death due to an accident, with an additional benefit if an accident rider is chosen.
Some plans pay early on certification of a terminal illness, as defined in the policy.
Many term plans cover death anywhere in the world, but check territorial, war and other exclusions in your policy.
Typical exclusions; the policy wording is final
Usually excluded within 12 months of issue or revival. The policy may return part of the premiums paid.
Concealing health conditions, habits or other material facts on the proposal can affect a claim.
Death while committing an unlawful act or taking part in a riot may be excluded.
Non-commercial flying, aerial stunts or extreme sports may be excluded or need special underwriting.
Discuss your health, dependants and goals with a Distroo Advisor.
Share your policy schedule and we will explain its key terms and possible gaps.
Insurers usually ask for proof of identity, income and health. Select your profile to see what is commonly needed.
Latest stamped salary slips demonstrating regular gross earnings.
Form 16 (Part A & B) or recent Income Tax Return acknowledging income.
PAN Card (mandatory) and Aadhaar / Passport for identity & address proof.
Income tax acknowledgment with detailed computation of business income.
CA certified financial statements proving commercial net worth.
Primary current or savings account statement showing operating cash flows.
Valid Indian passport with valid foreign work permit or residence visa.
W2 form (US), P60 (UK), or official overseas salary slips for 6 months.
Indian bank statement for premium debit via automated mandates.
Speak with a Distroo Advisor. We look at your family's liabilities, estimate the cover you need and explain suitable term plans from partner insurers.
Answers about sum assured, claims and tax benefits.
