What is Rider in Life Insurance | Benefits and Types Of Riders

If you don't know what is a rider in insurance then this video will tell you the complete story about what is riders. Riders are nothing but additional features or coverage that comes with an existing policy with a very low extra premium payment.

Watch this video on What Is Rider from our MoneyGyaan YouTube Channel.

A rider is an insurance policy provision that adds benefits to or amends the terms of a basic insurance policy. Riders provide insured parties with options such as additional coverage, or they may even restrict or limit coverage. There is an additional cost if a party decides to purchase a rider.

What are the different kinds of life insurance riders?

👉 Critical illness rider

👉 Disability rider

👉 Accidental death benefit rider

👉 Term rider

👉 Waiver of premium rider