Not exact matches
The return of premium
rider, available for return of premium life insurance policies, and also on certain long - term care policies,
disability insurance,
etc., will return all of your premiums paid over the life of your policy should the term come to an end or should you wish to surrender the policy.
Riders are optional clauses in insurance policies which offer additional financial security by payment of a nominal extra amount over and above the premium to cover
disability, death
etc..
Additional protection options: Many term insurance plans comes with additional cover options in the form of
riders such as Critical Illness, Accidental death or
disability, Hospital cash
etc..
Availability of optional
riders at low premium such as accident benefit
rider, accident and
disability benefit
rider, critical illness
rider, accelerated critical illness
rider,
etc..
Some recommended
riders are critical illness and
disability, accidental death benefit
rider, term
rider, waiver of premium
rider,
etc..
For the
disability rider, accidents due to infection, drug abuse, self - inflicted injury, war or civil commotion, criminal acts, aviation,
etc. are excluded
This is without any additional
riders (add - ons) such as Accidental Death,
Disability, Critical Illness,
etc..
There are similar questions I have found are like best term insurance with permanent
disability rider or with critical illness
rider etc..
Not only does an endowment plan acts as an investment or life cover but the policyholder can opt for various
riders like
disability, critical illness, waiver of premium,
etc. among others.
Riders like critical illness cover, accident death or
disability cover, hospital cash
etc. gives you additional benefits under insurance policy.
Several similar
riders are available for events such as permanent
disability, Critical illness
etc..
Kotak Life Term Insurance offers various
riders like Accidental death benefit
riders, critical illness
rider, permanent
disability benefit, term benefit
etc..
Some of the most common
riders available under money back plan are critical illnesses, accidental death &
disability rider, hospital cash
rider etc..
Some popular
riders are critical illness
rider,
disability rider, accidental death benefit
rider etc..
It is better to take the
riders such as personal accident, physical
disability,
etc. at the time of taking the policy as they offer a comprehensive cover right from the time of signing up for the term insurance return of payment policy, and that too at a very low additional cost.
For the
rider, accidents or
disability due to infection, drug abuse, self - inflicted injury, war or civil commotion, criminal acts, aviation, engaging in hazardous activities
etc. are excluded
In case of the
disability rider,
disability suffered due to attempted suicide or any self - inflicted injury, pre-existing diseases, HIV infection, war, criminal acts, participation in hazardous sports or activities,
etc. are excluded
The
riders available of money back policy are as follows: • Critical Illness
rider: This
rider offers a guaranteed sum if the Insured is diagnosed with some critical illness including major organ failure, coronary diseases, different types of cancer
etc. • Accident
rider: In case the policy holder's unexpected death due to accident the nominee receives a sum assured •
Disability benefit
rider: This type is
rider helps in case the policy holder is left paralyzed due to some major accident in his life.
However, online plans usually do not offer
riders like critical illness coverage, accidental death benefit, Permanent
Disability Benefit,
etc..
There are some policies which have
riders of accidental death,
disability, critical illness, job loss (max 3 EMIs)
etc..
Some of the
riders that can be taken along with term plans are critical illness, death due to accidents, partial or permanent
disability etc..
For the
riders,
disability due to drug abuse, self - inflicted injury, war or civil commotion, criminal acts, aviation, pre-existing illnesses, HIV infection
etc. are excluded
Riders to your child insurance plan could be anything like accidental benefits,
disability rider,
etc..
Riders such as accidental death benefit, hospital cash benefit, permanent and total
disability rider,
etc. may only available until a certain age.
Various types of
riders are offered viz: Accidental Death Benefit Rider, Accidental Death and Permanent Total
Disability Rider, Waiver of Premium Rider, Critical Illness Rider
etc..
4) Is it better to have
riders with the Term Plan like Accidental Death /
Disability etc. or separately?
I have not opted for any accident
riders in my HDFC term policy as most of the online forums suggested to take separate policies dedicated for accidents to get the better benefits (
disability / partial
disability etc..).
You are provided with the facility of customizing the policy by adding different
riders, some of which are the Accidental total and permanent
disability, Accidental death benefit, critical illness,
etc..
With your Term Life Insurance Plan you may opt for additional coverage or
riders like Accidental Death Benefit,
Disability rider, Income benefit
Rider, Critical Illness
rider,
etc. to give you added protection along with your base policy.
Riders that you can choose under a term plan include Accidental death benefit Rider,
Disability Rider, Critical Illness Rider, Income Benefit Rider, Waiver of Premium Rider,
etc..
Different Insurance Companies offer the
riders for the accidental benefit, permanent
disability benefit
etc. when you pay additional amount.
Vikas, There are few points 1) Online policy would come just for life insurance + accidential insurance, whereas offline policy comes even with
riders like permanent
disability etc. 2) Online life insurance generally do not require medical tests, where as offline would need to be undergo 3) Online policy premiums are less than offline policy.
With your Life Insurance plan, you may opt for additional coverage or
riders like Accidental Death Benefit,
Disability rider, Income benefit
rider, Critical Illness
rider,
etc. to give you added protection along with your base policy.
You may take add on coverage known as
Riders which offer Accidental death benefit, waiver of premium benefit,
Disability benefit, critical illness coverage benefit,
etc. at a nominal cost to enhance protection
These
riders come at an additional cost and allow you to be covered for additional possibilities like accidental death, permanent
disability, critical illness,
etc..
Insurance companies also offer
riders or add - ons, which cover accidents, critical illness, incapacitation,
disability, premium waiver, income benefit
rider,
etc..
There are various
riders like critical illness cover, accident and
disability cover, waiver of premium,
etc..
These plans also provide
riders like accidental death benefit, critical illness, permanent
disability,
etc..