How to avail the Disability Benefit Cover?
An insurance holder can avail LIC’s Accident Death and Disability Benefit Cover by paying an additional premium. LIC’s Accident Death and Disability Benefit Cover can be availed by any policy holder of an in-force policy by paying the additional premium with the premium paying period of the base plan, provided that the payment period of premium of the base plan.
Irrespective of when the policy holder availed the Death and Disability Benefit Cover, as long as it is well within the premium paying period, he or she is entitled to all the benefits of the Cover policy. The policy holder can avail all the benefits, given that the policy is active and in force on the date of the accident. Although, once all the premiums of the policy are paid, the additional premiums need not be paid.
The Maximum limit assured under any policy, in any case, should not exceed Rs. 100 lakhs of Accident Benefit sum. This includes policies with in-built Accident Benefit from LIC of India under both individual policies and also group policies taken on a single life.