The following portion of the AIB sum insured will be payable in case of specified loss or disability:
| # | Loss or Disability | | Indemnity Benefit |
| 1 | Loss of Life | The Sum Insured |
| 2 | Loss of two or more Limbs by amputation at or above Wrist or Ankle | The Sum Insured |
| 3 | Total and irrecoverable loss of all sight in both Eyes | The Sum Insured |
| 4 | Total and irrecoverable loss of all sight in one Eye and loss of one Limb by amputation at or above Wrist or Ankle | The Sum Insured |
| 5 | Loss of one Limb by amputation at or above Wrist or Ankle | 50% of the Sum Insured |
| 6 | aaaTotal and irrecoverable loss of sight in one Eye. | One-third of the Sum Insured |
| 7 | Loss of Thumb and Index finger of either hand by amputation at or above the metacarpophalangeal joints | 25% of the Sum Insured |
| 8 | Temporary, total and continuous disability preventing the Life Insured from date of accident, from performing any and every duty pertaining to his occupation, during such disability | Weekly Payment of Rs 5 per 1,000 sum insured for up to 52 weeks |
| 9 | Partial disability preventing the Life Insured from date of accident or immediately following total disability under Item (8) above, from performing a substantial part of duties pertaining to his occupation, during such disability | Weekly Payment of Rs 1.25 per 1,000 sum insured for up to 52 weeks |
| 10 | Permanent, total and continuous disability preventing the Life Insured from engaging in any occupation or employment for wage or profit or from giving attention to any business whatsoever and provided that indemnity has been paid under Item (8) and/or (9) for fifty two weeks | 10% of sum insured payable each year for a maximum period of Ten years. |
