Boost Up Insurance Coverage Through Riders
3. Critical illness rider
Serious illness like cancer, coronary artery bypass, heart attack, kidney/ renal failure, major organ transplant and paralytic stroke needs continuous treatment. The treatments are also very costly.
Medical insurance provides reimbursement to the medical expenses, but they are limited to a certain amount.
This type of rider provides an amount equal to the insured amount in case of the diagnosis of a serious ailment.
4. Partial and permanent disability rider
If the policy holder becomes disabled permanently or for a certain period of time, this rider can be beneficial for them. This rider functions only under accidental issues.
This rider provides an assured amount to the customer. The amount can be a part or the whole amount assured to the customer.
Certain companies combine this rider with 'Accidental death benefit' or 'Waiver of Premium benefit'.
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