Enhances coverage at low cost: Adding riders to existing health insurance policy is necessary and beneficial because it expands coverage and protects your family from unanticipated events.
It broadens the scope of the existing health insurance plan’s coverage, ensuring that family members are covered equally and at a reasonable cost. Compensation: The claim amount granted under the rider plans is a lump sum, so it can be used to compensate for lost income or to cover debts, mortgages, loans, and other liabilities that policyholders may accrue as a result of their inability to work due to illness. “You can use the claim money from the rider to pay for a child’s education.
Typically, you can use the money to pay for school, college, or future educational expenses. Policyholders can have a safe and secure future with the rider covers," said Agrawal. Waiver Premium: You can use the advantages of your purchased health insurance rider following accidental disability or critical disease.
You can keep the policy under this premium waiver feature without paying the extra premium after using the services. Customisation flexibility: You can customise rider plans to meet specific needs.