Full rider details
Exactly when it pays
Claim 1 — Accidental death: the life assured dies as a direct result of an accident, within 180 days of that accident. LIC pays the rider SA in a single lump sum to the nominee, on top of the base-policy death benefit. Claim 2 — Total and permanent disability: the life assured survives but suffers total and permanent disability (defined as permanent loss of use of two limbs, or sight in both eyes, or one limb and one eye) within 180 days of the accident. LIC pays 1/120th of the rider SA each month for 10 years directly to the life assured, and waives all future base-policy premiums for those same 10 years. Both triggers are independent: if you die after the disability payout has started, the nominee still receives the full base-policy death benefit.
When it does not pay
Exclusions that void the rider claim: self-inflicted injury or attempted suicide; war, civil commotion, foreign enemy action; participating in criminal or illegal acts; aviation other than as a fare-paying passenger on a licensed commercial airline; influence of alcohol, drugs, or intoxicants; adventure sports (bungee jumping, scuba diving, motor racing, mountaineering etc.) unless specifically agreed in writing. Also: if death does not occur within 180 days of the accident, and no permanent disability resulted, the rider pays nothing for that event. The rider expires at age 70 or at the end of the base policy term, whichever is earlier — accidents after that are not covered.
Is it worth it versus standalone cover?
A standalone personal accident policy from a general insurer often provides broader cover (higher SA, more disability categories, daily hospital cash, repatriation) at a similar cost. The advantage of ADDB is convenience — one policy, one premium, no coordination at claim time — and the premium-waiver leg, which standalone PA policies do not replicate. If you already hold a good standalone PA policy, AB or ADDB is partially redundant but still worth the marginal cost for the waiver. If you hold no PA cover, ADDB is the minimum rational floor.
Who should get this rider
ADDB is best suited to physically exposed earners and sole breadwinners in the prime working years (20–55). Construction workers, factory and plant operators, truck and delivery drivers, motorcycle commuters, and anyone whose income stops the moment they lose the use of two limbs or their eyesight. For desk-based professionals it remains compelling because the disability income and premium-waiver leg are genuinely rare in LIC's catalogue — you cannot easily replicate the premium-waiver function elsewhere. Critical priority: anyone who has not yet built a three-month liquid emergency buffer, because a disability event without this rider means both income stops and policy premiums keep falling due. Least useful for retirees (past working income risk), ultra-high-net-worth individuals with large liquid assets, and policyholders who already carry ₹1 crore or more of standalone PA cover.
Tax treatment
Rider premiums paid to LIC are not separately deductible — they are part of the overall life insurance premium and counted within the §80C ceiling of ₹1.5L per year (shared with the base-policy premium). Claim proceeds under ADDB are tax-free: accidental death benefit paid to the nominee is tax-free under §10(10D); the monthly disability instalments are also treated as life insurance proceeds and are tax-free under §10(10D) provided the base policy meets the 10× SA rule at inception. From 22 September 2025, individual life insurance premiums (including riders) attract 0% GST.
Asymmetrica isn't an insurance advisor. The analysis above is editorial, sourced from published LIC brochures.
Verify eligibility, current rates, and plan-specific conditions with LIC or a licensed advisor before purchasing.