Meaning
Accidental Death Benefit is an insurance feature that pays an additional amount if the insured person dies due to an accident.
Definition
It acts as an extra financial protection added to a basic insurance policy.
How It Works
If death occurs due to a covered accident, the beneficiary gets both the base sum assured and the accidental benefit amount.
Importance
- Provides extra security
- Supports family financially
- Useful for high-risk professions
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