I have taken ICICI Pru iProtect Smart term insurance plan with life option (no rider of acciedntal death benefit where double of sum assured is given).
In the policy document it is written that “We will pay the Death Benefit (DB) to your nominee, on the Death of the Life Assured”
it is also written that “Accidental Death Benefit (Rs.): NA”. Nowhere it is written that it is just a rider.
Can they deny the sum assured on the basis of above comment? They are not willing modify the rider as “Accidental Death Benefit (Rs.): Sum assured only”
Thanks for quick comments.
One of my friend told that they can deny the sum assured in case of accidental death as it is written not applicable. sum assured will be given in case of natural death only. Is it the correct interpretation?
Thanks a lot.
They clearly mentioned that Accidental Death Benefit Rider not applicable. I am not sure what prompted you an issue.