Your Life insurance policy can be backed with riders which give you more benefits. You can add a critical illness rider to a basic endowment or a money back plan. Besides this there is an Accidental death benefit rider which one can avail.The benefit of this rider is it gives a sum assured to the survivors of the policyholder in case of death of the policyholder due to an accident However, this benefit is paid to the nominees only if the death occurs to the policyholder within 90 days of the accident.
This kind of cover can take care of the unexpected financial loss caused by an accident of the policyholder. His family members can get help from these funds to take care of their needs or any other kind of liability left behind by the policyholder.