LIC Accident Benefit Rider (Plan No. UIN 512B203): Full Guide, Eligibility & Premium

Accident Benefit Rider belongs to LIC's riders family. In one line: doubles the payout on accidental death

Eligibility at a glance — entry age 18 to 70 years; sum assured Up to the base sum assured; policy term Same as base plan. Anything outside those bands will simply not be issued, so check them before you plan the premium.

What the plan actually gives you: Accidental death benefit equal to the rider sum assured Available with most savings plans Nominal premium Can be added at inception or on a policy anniversary Those are the contractual features; bonus or market-linked components, where they apply, are declared by LIC each year and are not guaranteed in advance.

Who it suits: Buyers who want accident cover without disability provisions. If that does not describe your situation, there is usually a better-fitting plan in the same family, and it costs nothing to ask.

Before you sign, run Accident Benefit Rider through the premium calculator on this site with your own age, sum assured and term. Seeing the yearly outgo next to the projected maturity value is the fastest way to know whether the plan fits your cash flow — and the fastest way to spot a mis-sold recommendation.

Buying, servicing and claiming are three different jobs. We help with all three free of charge, including for policies you bought elsewhere, from our office at Fort, Mumbai and online across India.