Adding Accidental
Disability Rider
- Understanding accidental disability rider
- Inclusions under the cover
- Why it is Important
Life can be unpredictable and full of uncertainties, and some unexpected events can sometimes throw us off. So, securing our future and protecting our loved ones from such events becomes necessary. One such option to consider is term insurance with an accidental disability rider. It is a financial safety net that will provide added protection to your family and to you, peace of mind.
Term insurance is an insurance plan that offers coverage for a specific term. It provides financial coverage through payout to the nominee if the policyholder dies during the policy term. While traditional term insurance is an essential part of financial planning, the inclusion of an accidental disability rider can enhance its benefits for you.
Accidental disability rider is the best optional add-on to your term insurance policy. It is specifically designed to offer additional protection by providing financial support during hard times. Accidental rider makes sure that you and your family are financially secure if any unfortunate accident occurs.
An accidental disability rider can be a very useful rider, that can be added to your term insurance. It is the best way to enhance your coverage protection from any unforeseen circumstances. Read below the reasons why:
An accident can happen to anyone at any time, and its consequences can be financially devastating. By adding an accidental disability rider to your term insurance policy, you are taking a step toward safeguarding your family's financial future. It is an investment towards your peace of mind.
If there is a total permanent disability due to accident, you will paid a regual monthly income equal to 1% of the Sum Assured for a period of 10 years.
It is a term insurance rider that provides a financial protection to the policyholder in case of a total and permanent disability caused due to the accident during a policy term.
Rider benefit claim is a claim that you can do under the rider cover.
Rider is the insurance policy provision that adds benefits to the term of a basic insurance policy to provide additional coverage. riders amends the insurance coverage to meet the needs of the policyholder. Riders come at an extra cost which depends on the top of premiums an insured party pays.
A guaranteed minimum death benefit is the feature of life insurance policy that protects you and your family from financial debt. The main function of this rider is to ensure that, your beneficiary should receive at least a predetermined minimum amount upon your death.
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Daina is a content writеr with a profound grasp of Insurancе, Stocks, and Businеss domains. Hеr extensive 3-year еxpеriеncе in thе insurancе industry еquips hеr with a nuancеd undеrstanding of its intricaciеs. Hеr skills еxtеnd to crafting blogs, articlеs, social mеdia copiеs, vidеo scripts, and wеbsitе content. Her ability to simplify complex insurancе concepts into reader-friendly content makes her an еxpеrt in the domain.
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