ICICI Pru Non-Linked Accidental Death and Disability Rider Calculator

ICICI Pru Non-Linked Accidental Death and Disability Rider Calculator

ICICI Pru Non-Linked Accidental Death and Disability Rider (UIN: 105B042V02) is a non-linked, non-participating rider that can be attached to an eligible ICICI Prudential traditional (non-ULIP) base plan, such as a term or endowment plan. It pays an additional benefit - over and above whatever the base policy already pays - if the life assured dies as a result of an accident, or suffers an Accidental Total and Permanent Disability (ATPD). This calculator gives you an illustrative estimate of the level annual rider premium and the benefits payable - it does not replace the insurer's official rider terms, Customer Information Sheet or Benefit Illustration.

Who this rider is for

Anyone who already holds, or is buying, an eligible ICICI Pru traditional base plan and wants extra financial protection specifically against accidents - on top of the life cover the base plan already provides. Because it is a non-linked rider, its cost is not deducted from any fund value; instead, a separate, level annual premium is payable along with the base plan's own premium for as long as the rider cover continues.

What the rider pays

• Accidental Death Benefit: if death occurs due to an accident during the rider term, the full Rider Sum Assured is paid as an immediate lump sum, in addition to whatever the base plan pays on death.
• Accidental Total and Permanent Disability (ATPD) Benefit: if the life assured suffers a qualifying total and permanent disability due to an accident, the Rider Sum Assured is paid out in equal annual instalments over 10 years (rather than as one lump sum), and future rider premiums are typically waived once the claim is admitted, since there is no further need to keep paying for cover that has already been claimed.

Only one of these two benefits is ever paid under a single rider term - either the accidental death benefit, or the ATPD benefit, never both for the same life.

What drives the rider premium

Unlike a linked rider (where the yearly charge is deducted from the fund and can rise with attained age), this non-linked rider charges a single level premium, fixed for the whole premium payment term at the rate applicable to the age at entry. As with the linked variant, the biggest driver besides sum assured and term is occupation class - people in physically hazardous or manual occupations are statistically more exposed to accidents than people in office-based roles, so the insurer applies a loading:

• Class 1 (Low Risk): office and desk-based occupations - no loading.
• Class 2 (Medium Risk): field or supervisory roles with some on-site exposure - moderate loading.
• Class 3 (High Risk): manual or hazardous occupations - the highest loading.

Because this is a genuine insurance premium (not a unit-linked charge), GST applies on top of the base premium, same as it does on the base plan's own premium.

$$\text{Level Annual Premium} = \frac{\text{Rider Sum Assured}}{1000} \times \text{Rate per 1{,}000} \times \text{Occupation Loading}$$ $$\text{Premium Payable} = \text{Level Annual Premium} \times (1 + \text{GST Rate})$$

Worked example

A 35-year-old office employee (Class 1) opts for a Rider Sum Assured of ₹20,00,000 alongside a traditional base plan, for a 20-year Rider Term. The calculator applies the illustrative rate for entry age 35 with no occupation loading to compute a single level annual premium that stays the same for every one of the 20 years, adds 18% GST on top, and totals it across the term. It also shows the ₹20,00,000 lump sum payable on accidental death, and the same ₹20,00,000 payable in 10 equal yearly instalments of ₹2,00,000 each if an ATPD claim is admitted instead.

How to use this calculator

1. Enter your age and the Rider Term (in years) you want the rider to run for.
2. Enter the Rider Sum Assured you want to opt for.
3. Select your Occupation Class.
4. Submit to see the level annual premium (with GST), the total premium over the rider term, the accidental death lump sum, the ATPD instalment benefit, and a year-wise premium schedule.

This tool is for illustration only. Actual rider premiums depend on the insurer's underwriting, occupation risk assessment, medical factors and applicable taxes, and can differ materially from this estimate - always confirm the exact figure with ICICI Prudential Life Insurance or your policy document before buying this rider.