For a sense of greater financial security, riders are provisioned by insurers which can be opted with the base life insurance plans.
Riders act as important tool which forms a part of base plan sum assured as an add on benefit. Riders help us plan with additional coverage beyond the base sum assured at a minimal premium cost which otherwise could be quite high if a separate base plan sum assured is opted.
Riders is a source to meet our financial expenses and insures that adequate protection can be planned by way of rider coverage to sustain unexpected scenarios of critical illness, accidental death or disability in our life.
Some insurers also provide inbuilt riders along with the base plan either with no cost or low cost rider premium. The rider sum asssured is benefit payable along with base plan sum assured & also rider premium would be payable along with the base plan premium.
We can add below riders to our base plan considering the availability and terms & conditions of plan as per insurer & these riders vary as per the insurance plans and insurers:
Life insurance is an asset to our family and it brings in a lot of flexibility to plan our future.
Life insurance is made available by the insurance company however insurance brokers/aggregators also help us compare the available life insurance plans in the market for all insurers in one online portal which further helps us to compare plan features/premiums/riders/sum assured and decide to go for our desired plan.
Hence, we choose what we need and life insurance online platform is an absolute solution for it.
Best of Luck on your purchase of Life Insurance Policy!
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