Rider, adds the extra bit in life insuranceRide on additional benefits in life insurance, here's how . Riders are additional benefits that can be purchased with a life insurance policy to spread the risk cover.
Apnainsurance Research Bureau
21 Dec 2007
Riders are additional benefits that can be purchased with a life insurance policy to spread the risk cover.
Most companies offer riders that are quite similar. There are some differences, though. Rider details must be read and understood completely before purchasing them. Rider premiums can substantially add to the cost of the life insurance policy. While comparing premium costs, especially for term plans, one must compare the benefit and cost of the various riders. The common riders include:Accidental Death Benefit Rider
Accidental Disability/Dismemberment Benefit Rider
Critical illness benefit rider" href="http://www.apnapaisa.com/insurance/life-insurance-india/Critical-illness-benefit-rider.html" target=_blank>Critical Illness Benefit Rider
Guaranteed Insurability Option Rider
Hospital Cash Benefit Rider
Life Guardian Benefit Rider
Waiver of Premium Rider