What does it do?
This policy pays accidental death and disability benefit in two parts. An initial amount of 10 per cent of admissible sum insured is followed by the remaining amount in monthly installments for next 60 months. It also pays a daily cash benefit to take care of expenses like transportation of family members, relative accommodation or expenses which are otherwise not covered under the policy.
Pros
It offers daily cash benefit.
Cons
Claim discharge in two parts may not suit the needs of all claimants.
