Add-on Benefits You Should Buy With Your Term Insurance Plan

1. Comprehensive Accident Benefit: This rider provides an additional pay-out in case of dismemberment or death due to an accident. This amountis in addition to the base life cover.

2. Waiver of Premium: This rider will waive off the premium payment, in case of disability or dismemberment.

3. Accelerated Critical Illness Benefit: This rider provides you with periodical payments or lumpsum amounts, in case you are diagnosed (not necessarily treated) with the kind of the critical illnesseslisted in the term life policy document. Kidney failure, heart attack, stroke and some type of cancers are the generally listed critical illnesses.

4. Life Stage Benefit: This rider helps you increase coverage limit, later, as per insurance policy terms and conditions, without a proof of insurability. You can exercise this option, in case your income and/or liabilities increase in the future. This is particularly useful for young earners.

Based on your lifestyle, hereditary issues, and nature of work, you might be vulnerable to different kinds of risks. Hence, it is highly advisable to avail these riders and maximize the benefits.