Can I take accident riders on my existing policies?

[Matrix]

Can I take accident riders on my existing policies. Many of my policies are more than 10 years old.

No.

How is the payment to be made for accident riders : one time or every year. Is the compensation for accident riders related to our income as in PA policies.

It is linked to the main policy premium. It depend how you have paying premium to your main policy e.g. monthly or annually.

I feel that the compensation that a personal accident policies provide (60 to 72 times our monthly income) is too less . How can we create more accident cover ?

PA policy depends on your annual income or buy term insurance.

In case if we take accident riders on our base LIC polices as well as a PA policy will the insurance companies pay proportionately or the claims to both of them are independent of each other.

Total sum insured is paid in both cases. Proportionately claim amount is only paid to add ons of PA Policy. Please note always declare all the previous policies you have when taking new policy.

Are the accident riders premiums also linked to our monthly income.

No. Premium depends upon the profession of the proposer. Sim Insured of the PA policy is linked to the Annual Income.

[Veerendra]

PA policy depends on your annual income or buy term insurance

So you are actually suggesting is that we need to buy term insurance with an accident rider.

Proportionately claim amount is only paid to add ons of PA Policy. Please note always declare all the previous policies you have when taking new policy

I could not comprehend the meaning of this line. Kindly oblige by elaborating on this point

Veerendra