Accidental Death Benefit definition

Accidental Death Benefit means, subject to the terms and conditions of the Agreement, the benefits payable by the Insurer to a Beneficiary because of the Accidental Death (any cause not excluded under the Agreement) of an Insured Person, and as set out in the Table of Benefits below.

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Accidental Death Benefit means a lump sum amount payable in addition to the death benefit in case of accidental death of the insured person as shown in the schedule.

Accidental Death Benefit means an amount equal to the Death Benefit with a maximum limit of Rs.20,00,000 (Rupees Twenty lakhs only) and is payable to the Beneficiary in the event of the death of the Life Insured (and in the case of Coverage on joint lives, the death of either of the Lives Insured) due to Accidental Death during the first five years of the Coverage Term, while the Coverage is in force.

Examples of Accidental Death Benefit in a sentence

RIDERS THAT PROVIDE ADDITIONAL BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE: Accidental Death Benefit Rider: Pays an additional death benefit if the death on the insured is caused by a qualifying accident.
The Employer must insure each Employee for Accidental Death Benefit Insurance providing financial compensation in the event of a work-related accident resulting in death of the Employee or permanent and total disablement.
If notice is given by mail, such notice shall be deemed given when deposited in the United States mail, postage prepaid, directed to the stockholder at such stockholder’s address as it appears on the records of the corporation.
Regardless of the number of “covered persons”, “eligible injured persons”, policies or bonds applicable, claims made, or “insured vehicles” to which this coverage applies, the limit of “our” liability under Accidental Death Benefit is limit of liability shown in the “Declarations”.
RIDERS THAT PROVIDE ADDITIONAL BENEFITS THAT ARE NOT ELIGIBLE FOR REINSURANCE: Accidental Death Benefit Rider: Pays an additional death benefit if the death on the insured is caused by a qualifying accident.

More Definitions of Accidental Death Benefit

Accidental Death Benefit means the Rider Sum Assured payable by Us on the happening of the Accidental Death of the Member;

Accidental Death Benefit. If death is as a result of an accident, the Beneficiary will receive an additional amount equal to your Life Insurance in force. If the employee is dismembered (such as loss of sight in an eye, loss of a hand, foot, limb, hearing, speech, etc.), benefits will be paid to the employee as a percentage of the basic life amount.

Accidental Death Benefit means the amount of benefit that is payable in the event that the Insured dies as the result of Accidental Bodily Injury. The amount of Accidental Death Benefit is shown above.

Accidental Death Benefit. In all policy years the rate is $.65 per thousand, provided that the benefit for death by accidental means terminates no later than the insured's attained insurance age 70.

Accidental Death Benefit means the Sum Assured as shown in the Policy Schedule which, if applicable, becomes payable where the death of a Life Assured is caused by an accident, as defined in Clause 13.3.

Accidental Death Benefit means an amount equal to 50% of the Death Benefit and is payable in the event of Accidental Death of the Life Insured, while the Coverage is in force.

Accidental Death Benefit. $300,000 participation limit in all insurers. This maximum includes Accidental Loss of Life, Limb, or Sight benefit (principal sum). The Ceding Company's Accidental Death Benefit is the same as its participation limit.