LIC Linked Accidental Death Benefit Rider Calculator: Charges, Cover & Eligibility

What is the LIC Linked Accidental Death Benefit Rider?

The LIC’s Linked Accidental Death Benefit Rider (UIN 512A211V02) is an optional add-on for LIC’s unit-linked insurance plans (ULIPs). It pays an extra lump sum, called the accident benefit sum assured, if the life assured dies as a result of an accident. The payout comes on top of the base ULIP’s death benefit.

Because it is a linked rider, you do not pay a separate premium for it. LIC recovers a small rider charge every month by cancelling units from your fund value, just like the mortality charge.

Key features at a glance

Feature	Details
UIN	512A211V02
Attached to	LIC unit-linked plans (e.g. SIIP, Nivesh Plus, Index Plus)
Entry age	18 to 65 years
Cover ceases	Earlier of base policy maturity or age 70
Minimum rider term	5 years
Minimum accident sum assured	₹10,000
Maximum	Up to the base policy’s sum assured, subject to LIC’s overall limit
Charge	About ₹0.40 per ₹1,000 a year (₹0.80 for police)
How charged	Monthly, by deduction of units
Maturity benefit	None
Status	Available with current LIC ULIPs

How the rider charge is calculated

The formula is simple:

Yearly charge = (accident benefit sum assured ÷ 1,000) × rate

The rate is ₹0.40 for most people and ₹0.80 for police personnel, who face higher accident risk. The charge does not depend on your age. One-twelfth of it is taken from your fund each month.

Worked example (calculator output): a 30-year-old with a ₹10 lakh ULIP adds ₹10 lakh of accident cover for 20 years.

• Yearly rider charge: ₹400
• Monthly deduction: about ₹33
• Total charges over 20 years: ₹8,000
• Payout if death is due to an accident: ₹20,00,000 (₹10 lakh base + ₹10 lakh rider)

For a police officer, the same cover costs ₹800 a year. The chart under the calculator shows total charges for other rider terms.

Tip: the charge is flat across ages, so the rider is relatively better value for older entrants than an age-rated term plan. Still, it only pays for accidents; it does not replace a proper term plan.

What the rider pays and when

The accident benefit sum assured is paid when all of the following hold:

1. Death is caused by bodily injury from an accident, meaning a sudden, unforeseen and involuntary event with an external, visible and violent cause.
2. Death occurs within 180 days of the accident.
3. The base policy and the rider are in force on the date of the accident.

Nothing is paid on natural death, on surrender or at maturity. The usual exclusions apply, for example self-inflicted injury, participation in criminal acts, influence of intoxicants, and hazardous sports or aviation other than as a fare-paying passenger. Read the rider terms for the full list.

How it fits with the base ULIP’s death benefit

In a LIC ULIP, the base death benefit is broadly the higher of the basic sum assured and the fund value, subject to a minimum of 105% of premiums paid. The rider adds its sum assured on top. So if your fund value has grown to ₹14 lakh and you have ₹10 lakh of accident cover, an accidental death would pay about ₹24 lakh.

Our calculator shows the simpler case, base sum assured plus rider, because fund value depends on market returns. Use the ULIP plan calculator to estimate the fund side.

Eligibility and limits

• Age: 18 to 65 at entry; cover stops by age 70.
• Term: at least 5 years, and not longer than the base policy’s remaining term.
• Sum assured: at least ₹10,000; no more than the base policy’s basic sum assured. LIC also caps total accident cover across all your LIC policies.
• When to add: at the start of the policy, or on a later policy anniversary if the remaining term is long enough. Confirm with your branch for your plan.

Linked ADB rider vs other LIC accident riders

Rider	Works with	How you pay
Linked Accidental Death Benefit Rider	ULIPs	Monthly unit deduction
Accidental Death and Disability Benefit Rider	Traditional plans	Added to the premium; also covers permanent disability
Accident Benefit Rider	Older traditional plans	Added to the premium

If disability cover matters to you, the linked rider alone is not enough, as it pays only on death.

Tax and GST

The rider charge is part of your ULIP charges, not a separate premium, so there is no separate 80C deduction for it. The death payout is generally tax-free for the nominee under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)). There is no GST on the charge from 22 September 2025; earlier, 18% GST applied to ULIP charges.

Who should add this rider?

It makes sense if you:

• commute daily, travel a lot or work in the field;
• already hold a LIC ULIP and want cheap extra protection without a new policy;
• have dependants who would face a sudden loss of income.

Keep in mind that most deaths are not accidental. Your core cover should come from a term plan; this rider is a low-cost top-up.

How to use this calculator

1. Enter age and rider term.
2. Enter the base policy sum assured and the accident cover you want.
3. Pick the occupation category.
4. Read the yearly and monthly charge, total cost and payout. All figures are estimates; your policy document and LIC’s unit statements show the actual deductions.