Rajesh, Yes, they have agreed to give double the assured amount in case of death due to accident. Though initially they not only denied this, but also denied the plans I proposed. And to reach this decision they took around 2 months. Then I wrote to them with my arguements which resulted in accepting my proposals, with the exception of the two benefits.
thanks, Pranay. ----- Original Message ----- From: "Asudani, Rajesh" <rajeshasud...@rbi.org.in> To: <accessindia@accessindia.org.in> Sent: Thursday, February 10, 2011 4:37 PM Subject: Re: [AI] LIC Life insurance with accident benefits Dear Pranay Does it mean LIC has given you DAB, Double Accident benefit? -----Original Message----- From: accessindia-boun...@accessindia.org.in [mailto:accessindia-boun...@accessindia.org.in] On Behalf Of VIJAY KUMAR P.V.S. Sent: Thursday, February 10, 2011 3:36 PM To: accessindia@accessindia.org.in Subject: Re: [AI] LIC Life insurance with accident benefits Respected sir: In my case also they agreed to not to take Extra premium, but denied from those two benefits sir. And my LIC agent told me that, they will consider accidental death as normal death, as I'm hundred percent visually challenged person. With warm regards VIJAY ----- Original Message ----- From: "Pranay Gadodia" <go4pran...@yahoo.co.in> To: <accessindia@accessindia.org.in> Sent: Thursday, February 10, 2011 1:10 PM Subject: [AI] LIC Life insurance with accident benefits > Hi all, > Calling attention of people with visual disability & any other disability > having life insurance cover. I need your inputs. > > Life Insurance corporation of India (LIC), offer insurance products with > accident benefit, where in additional amount of the sum assured is given > if an accident results in to death or a disability. > > So, if an insured person meets with an accident and dies, his/her > beneficiary is paid double the insured amount. > > And when an accident results in a permanent total disability (as defined > by LIC), they still pay double. First an amount equal to the sum assured > is paid over a period of 10 years in monthly installments. Also the > insured person is not required to pay further premium for the policy. And > if the person dies before ten years, LIC pays the rest unpaidamount of 10 > years apart from the sum assured. > > All 'with profit policies' of LIC such as Jeevan Anand (plan 149), Whole > life policy with profits (plan 5) come bundled with these features. but > still LIC might not give this benefit in cases where they feel the risk is > higher. In Jeevan Anand & probably in other relevant policies also, read > the Point 10 on Accident benefit in the 'Conditions & Privileges within > referred to'. And don't be sure just because it is printed on your policy > document, verify it from LIC office from their computers giving your > policy number. LIC calls them as Double Accident Benefit (DAB), Permanent > Disability Benefit (PDB), & Extended Permanent disability benefit (EPDB). > > After a long wait and some efforts, LIC has agreed to give me my desired > plans at no extra premium, but still have denied 2 benefits - Permanent > disability benefit & Extended Permanent disability benefit. My advocacy > for an equal treatment is still on with them. Once I am through, I will > share the experience in detail. > > I want to know from those of us or outside the group who have a life > insurance, whether have been given these benefits. There are very high > chances that many have been denied this and perhaps some do not know > because the agent didn't tell you. > > You may reply back on the group, or you can reply me privately too on > prana...@yahoo.co.in. > > > thanks and regards, > > Pranay Gadodia. > New Delhi. > Get numbers right this time, help the census with correct disability info! Get numbers right this time, help the census with correct disability info! Notice: This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you are not the intended recipient, any dissemination, use, review, distribution, printing or copying of the information contained in this e-mail message and/or attachments to it are strictly prohibited. If you have received this email by error, please notify us by return e-mail or telephone and immediately and permanently delete the message and any attachments. The recipient should check this email and any attachments for the presence of viruses. The Reserve Bank of India accepts no liability for any damage caused by any virus transmitted by this email. Get numbers right this time, help the census with correct disability info! Get numbers right this time, help the census with correct disability info!
