Hey, listen, everyone takes term insurance, but 90% of people forget about it after purchasing the plan. And when they really need it, they realize, “I should have added a little more!” Today, I’ll tell you about 4 such riders that, for an extra ₹500-1000 premium, will make your plan a great one.
Best Insurance Riders To Add In Term Insurance Plans
1. Accidental Death Rider – “If you fall, you’ll get double”
Think, you fell off the bike and walked away. A normal term plan would only get you ₹1 crore. But this rider adds an extra 1 crore! Meaning, the family gets 2 crore directly into their account. Premium? Just 400-600 rupees a year. Just like tea and snacks!
2. Critical Illness Rider – “Even if you get cancer, you’ll be able to run the house.”
If you have cancer, a heart attack, or kidney failure, the hospital bill can go up to 50 lakh rupees. If this rider is added, you’ll receive 50 lakh rupees in one fell swoop as soon as you’re diagnosed – for treatment! The remaining term plan will be available separately. Premiums of 800-1200 rupees a year. Think about it, 3 rupees a day – cheaper than noodles!
3. Premium Waiver Rider – “EMI Stopped If I Become Ill”
If you become permanently disabled, who will pay the EMI? This rider says, “Don’t worry, we’ll waive all the remaining premiums!” Meaning, the plan will continue, but no money will be deducted. Premium? ₹200-400 per year. Quit a coffee, and that’s it!
4. Income Benefit Rider – “Salary Will Come Every Month”
If you’re gone, how will the house EMI and children’s fees be paid? This rider assures 1% of the sum every month – if you take a plan worth ₹1 crore, you’ll get ₹1 lakh every month, for 10 years! Meaning, the family will continue to receive a new “salary.” Premium ₹500-900 per year. Less than a movie ticket!
| Rider Name | Extra Premium | What You Get |
|---|---|---|
| Accidental Death | ₹400-600/year | +100% Accident Insurance |
| Critical Illness | ₹800-1200/year | 50 lakh for immediate treatment |
| Waiver of Premium | ₹200-400/year | Remaining EMIs waived |
| Income Benefit | ₹500-900/year | 1% of salary per month for 10 years |
Pros and Cons
Pros:
A plan for 2-3 thousand rupees is 10 times safer
Tax savings are also available (under 80D)
Claims are 100% online, within 1 day
Zero family tension
Cons:
Premiums vary from rider to rider.
Premiums increase slightly after 45 years.
Conclusion
Brother, everyone takes a term plan, but adding these four riders will make your family “rich”! A 2-3 crore rupee cover for just ₹2,000-₹3,000 extra premium.
Just open Policybazaar or the company’s app, click the “Add Riders” button, and it’s done in 5 minutes! Tell me in the comments – which rider will you add first?
