Critical Illness Rider
Critical Illness Rider benefit is available only under the endowment and money back policies where critical illness rider option has been exercised by the policyholder and accepted by LICI. The extra premium meant for Critical illness rider must have been received (up-to-date) by LICI.
The Benefit: The basic sum assured under the main policy along with the vested bonuses is payable as a lump sum on the happening of any of the 15 critical illnesses covered during the term of the policy while the Critical Illness Rider is in force. The policy is terminated as soon as the critical illness rider benefit is paid.