Definition of «illness rider»

An illness rider is a term used in insurance policies to refer to an additional coverage that provides protection against financial losses resulting from unexpected medical expenses due to illness. This type of policy typically covers costs such as hospitalization, surgery, and other treatments not covered by regular health insurance plans. The illness rider can be added on to a life or critical illness insurance policy, providing an additional layer of protection against the financial burden that often accompanies serious medical conditions.

Sentences with «illness rider»

  • Life insurance with chronic illness rider provides fixed premium payment with an additional rider that can be accessed if you are diagnosed with a qualifying chronic illness. (insuranceandestates.com)
  • For example, if you buy a child insurance plan, then you can avail the waiver of premium rider or critical illness rider provided under the policy. (policybazaar.com)
  • That's where term insurance critical illness rider pays off. (policybazaar.com)
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