LIC Rider Benefits – DAB, WP, CRDA Explained

LIC Riders – Enhance Your Policy Coverage

LIC riders are add-ons to your main policy that provide additional coverage for specific risks. They're available at a small extra premium and can significantly enhance your protection.

1. Accidental Death Benefit (DAB) Rider

• Additional SA paid on accidental death
• Premium: ₹1 per ₹1,000 SA per year
• Example: ₹10L SA base + ₹10L DAB rider = ₹20L paid on accidental death
• Must be declared at policy inception

2. Accidental Disability Benefit Rider

• SA paid in installments if permanently disabled due to accident
• Waiver of future premiums on disability
• Available with DAB rider

3. Premium Waiver Benefit (PWB) Rider

• Future premiums waived if policyholder becomes disabled
• Policy continues with full benefits
• Especially important for child plans (parent's disability)

4. Critical Illness Rider (CRDA)

• SA paid on diagnosis of 15 critical illnesses
• Illnesses covered: Heart attack, cancer, kidney failure, stroke, etc.
• Benefit paid irrespective of treatment cost

5. Term Assurance Rider

• Extra life cover during premium paying term
• Available for limited premium plans

How to Add Riders

Riders can be added at policy inception only (not after). Discuss with LIC agent before buying. Rider premium is added to base premium in the calculator.