LIC Accident Benefit Rider Calculator – Premium & Benefits
Estimate the additional premium for attaching the Accident Benefit Rider to your LIC base policy. Provides lump sum payout on accidental death and structured income on permanent total disability.
Add-on Rider — No Standalone Policy: This rider must be attached to an eligible in-force LIC base policy. There is no maturity benefit, no surrender value, and no loan facility. Benefit is payable only on accidental death or accidental permanent total disability during the rider term.
Rider Details
Enter your age, occupation, and sum assured to calculate the rider premium
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Age 18–65 years (nearest birthday). Rider cover ceases at age 70.
Age must be 18–65 years.
₹
Min ₹20,000 | Max ₹1,00,00,000 | Multiples of ₹5,000. Cannot exceed base policy sum assured.
ABSA must be ₹20,000 to ₹1,00,00,000 in multiples of ₹5,000.
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Cover term = min(base policy term, 70 − entry age). Enter your age first for auto-fill.
Enter a valid cover term for your age (ceases at age 70).
Must be less than the cover term. Limited pay premiums are higher per year than regular pay.
Rider Premium Summary
Estimated rider premium — add this to your base policy premium
Annual Rider Premium
₹0
Incl. 18% GST
Accident Benefit SA
₹0
On accidental death
Cover Ceases At
— Yrs
Age at rider expiry
Total Premium Outgo
₹0
Over premium pay term
Occupation Class & Type
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Base Rate per ₹1,000 ABSA
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Tabular Annual Premium (before GST)
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Mode Loading / Instalment Factor
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GST @ 18%
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Annual Premium Payable (incl. GST)
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Instalment Amount (incl. GST)
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Premium Paying Term
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Total Premium Outgo (incl. GST)
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Rider Benefits at a Glance
Benefits are payable only on accidental events — no benefit on natural death or survival
A. Accidental Death Benefit (ADB)
On death within 180 days of accident
Lump Sum to Nominee
₹0 (Accident Benefit Sum Assured)
Paid in addition to
Base policy death benefit (sum assured + bonus, if any)
B. Accidental Permanent Total Disability (APTD)
On total disability within 180 days of accident
Structured Payout
₹0/year for 10 years (ABSA paid in 10 equal annual instalments)
Premium Waiver
All future premiums on the base policy waived from next policy anniversary
APTD Definition
Loss of both hands/feet, both eyes, or one hand + one foot, or one hand/foot + one eye (as certified by LIC’s medical panel)
C. Key Conditions & Exclusions
Important policy terms
Accident Definition
Sudden, unforeseen, involuntary event caused by external, visible, and violent means
Death Claim Window
Death must occur within 180 days from the date of the accident
APTD Claim Window
Disability must be established within 180 days of accident; must be permanent and total
Exclusions include
Self-inflicted injuries, war, aviation (unless as a fare-paying passenger), criminal acts, alcohol/drug influence
Max ABSA across all LIC policies
₹1 crore in aggregate; ₹2 crore for LIC Jeevan Shiromani policyholders
At-a-Glance Metrics
Key figures for your accident benefit rider
₹0
Accident Benefit SA
Lump sum on accidental death
₹0
Annual Rider Premium
Including 18% GST
— Yrs
Rider Cover Years
Cover period
₹0
Total Premium Outgo
Over full pay term
Disclaimer: LIC Accident Benefit Rider (UIN: 512B203V03) is an add-on rider available with eligible LIC base policies. Premium rates shown are estimated based on LIC’s published guidelines: ₹0.75 per ₹1,000 ABSA per year (Class I, regular pay). Rates for Class II/III and limited pay are approximate; actual premium may differ based on base policy type and underwriting. GST is charged at 18% on rider premium. ABSA cannot exceed ₹1,00,00,000 in aggregate across all LIC policies. Cover ceases at age 70 or policy maturity, whichever is earlier. Benefits are payable only on accidental death (within 180 days of accident) or accidental permanent total disability. There is no maturity value, surrender value, or loan against this rider. Please consult your LIC agent or visit licindia.in for official premium quotation.
Mohibul Islam
LIC Agent & Web DeveloperMohibul Islam is an LIC agent with 7+ years of experience. He also works in web development and blogging. He creates simple tools on LIC Plan Calculator to help people understand LIC plans, calculate benefits, and make better financial decisions easily. Read More About »