Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
An insurance rider is an optional add-on benefit purchased along with a base policy for extra coverage, such as critical illness or accidental death.
An extra protection add-on you attach to your main insurance policy for a small additional cost.
Common riders include critical illness, accidental death benefit, waiver of premium, and income benefit riders; total rider premium is usually capped as a percentage of the base premium.
Adding a critical illness rider to a term plan pays a lump sum on diagnosis of a covered illness, on top of the base sum assured.
An extra protection add-on you attach to your main insurance policy for a small additional cost.
Insurance Rider helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.