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Term Insurance Riders

Thinking of ways to boost your life coverage plan to support your dear family? You need protection riders! Add extra security to your plan, by paying a slightly higher premium.

Why Do You Need Riders in Term Insurance?

You may have always wished that you gain more perks from your term insurance policy (other than death benefit). Your wish may come true as your basic term insurance plan can be supplemented with additional privileges. For that, all you need to do is shed a few extra bucks.

Quick Facts About Term Insurance Riders

  • It can be taken only with a life insurance plan

  • The premium rates of riders are less than term insurance

  • Sum assured of riders is normally less than basic insurance cover

  • Riders are useful when an untoward incident occurs to a person

What are the Different Types of Riders Associated With Term Plans?

Conclusion on Term Insurance Riders

With riders, you can be assured of boosting your term insurance plan.

You can choose waiver of premium rider if you are looking for reduction in premium due to accidental disability. The permanent disability and accidental death riders ensure that your family doesn’t go into deep financial crisis once you are gone. While the accelerated death rider can reduce your family’s financial burden if you are suffering from terminal illness. Whichever rider you select, do not forget to read its terms and conditions before opting for one.

Why compromise with your loved ones when you can easily get term plan riders by shelling out a little extra? Give your folks an opportunity to remain financially stable. Let them live peacefully with your memories, regardless of whether you are around or not.

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