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Insurance

Definition of 'Accidental Death Benefit And Dismemberment'


Definition: Accidental death benefit and dismemberment is an additional benefit paid to the policyholder in the event of his death due to an accident. Dismemberment benefit is paid if the insured dies or loses his limbs or sight in the accident.

Description: In an event of death, the insured person gets the additional amount mentioned under these benefits in the insurance policy. These are the supplementary benefits incorporated in life insurance and health insurance policies.

Also See: Return, Annuity, Insurable Interest, Insurability

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