Mind the rider

Critical illness, personal accident and term riders make for comprehensive coverage. You can buy them as riders to existing life insurance policy, or as separate policies.

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Priyadarshini Maji
  • Apr 20, 2016,
  • Updated Jul 15, 2019 4:48 PM IST

A long with basic cover, a life insurance policy also offersadditional benefits to widen protection. Comprehensive coverage is importantfor people who have taken loans, so that their families do not have to struggleto repay them in the event of an unforeseen mishap. Among the many riders onoffer, the three most popular ones are: term rider, accidental death benefitrider and critical illness rider. Here is a lowdown on what these are andwhether one should buy them as riders on a life insurance policy or as separatepolicies from a general insurer.

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Pradeep Pandey CMO, Future Generali Life Insurance, says,"Riders along with basic policy from the life insurers is what is adviceable, having an additional accident or critical illness benefit coverage lowersthe burden for family in case of an uncertainty"

A long with basic cover, a life insurance policy also offersadditional benefits to widen protection. Comprehensive coverage is importantfor people who have taken loans, so that their families do not have to struggleto repay them in the event of an unforeseen mishap. Among the many riders onoffer, the three most popular ones are: term rider, accidental death benefitrider and critical illness rider. Here is a lowdown on what these are andwhether one should buy them as riders on a life insurance policy or as separatepolicies from a general insurer.

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Pradeep Pandey CMO, Future Generali Life Insurance, says,"Riders along with basic policy from the life insurers is what is adviceable, having an additional accident or critical illness benefit coverage lowersthe burden for family in case of an uncertainty"

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