Supplementary Benefit Riders

5. Accident Indemnity Benefit (AIB)

Indemnify means to compensate for loss or damage. Hence the Accident Indemnity Benefit provides compensation for death, dismemberment and loss of time due to accidents. The Accidental Indemnity Benefit provides the following benefits:-

No.	Description of Loss Due To Accident	Amount As Percentage of AIB Face Amount
1	Loss of Life	100%
2	Loss of two or more limbs by amputation at or above the wrist or ankle	100%
3	Total and irrecoverable loss of sight in both eyes	100%
4	Total and irrecoverable loss of sight in one eye and the loss of one limb by amputation at or above wrist or ankle	100%
5	Loss of one limb by amputation at or above wrist or ankle	50%
6	Total and irrecoverable loss of sight in one eye	33.33%
7	Loss of thumb and index finger of either hand by amputation at or above the metacarpol phalangeal joint	25%
8	Total, temporary and continuous disability that prevents the insured from performing his occupation	0.75 % per week for up to 52 weeks
9	Permanent and total disability that prevents the insured from engaging in any occupation for wage or profit	10% of the sum assured will be paid yearly
10	If insured is confined by quarantine regulations but is not suffering the disease necessitating the quarantine	0.75% per week for up to 4 weeks

The amount payable for conditions 1 through 9 above shall be doubled if such injuries are sustained due to:

• Accidents occurring while travelling in fare paying public land transport such as buses, passenger trains etc.
• Accidents occurring while riding a passenger elevator or in consequence of the burning of public buildings    such as hotels, theatres etc.

The Accident Indemnity Benefit may be taken by any one between the ages of 15 years and 55 years. The benefit will automatically expire at the age of 60 years nearest birthday.

The minimum face amount acceptable for the Accidental Indemnity Benefit is Rs.100,000/. The maximum amount can be up to 200% the Basic Face Amount of the policy. The Face Amount for the Accidental Indemnity Benefit can not exceed Rs.3,000,000/-. The weekly indemnity amount should not exceed 75% of the insured’s earned weekly income. The Waiver Of Premium must be attached to the policy to include this rider.