Insurance riders are extra benefits that you can add to your basic insurance plan. They give you more protection for a small extra premium.
Common riders include:
- Accidental Death Rider – Extra money if death is due to an accident.
- Critical Illness Rider – A lump sum if you are diagnosed with a serious illness.
- Waiver of Premium Rider – If you can’t work due to disability, future premiums are waived.
- Hospital Cash Rider – Daily money for hospital stays.
These riders help customize your policy to match your needs. You can choose one or more riders while buying the policy.
They are especially helpful because they give more coverage at a low cost. But always read the conditions carefully before adding a rider.
