Types Of Riders In Life Insurance To Enhance Your Existing Policy

Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak e-Term Plan

Protect Your family’s financial future with Kotak e-Term Plan. Know more

Kotak Assured Savings Plan

A plan that offer guaranteed returns and financial protection for your family. Know more

Kotak Guaranteed Savings Plan

A plan that offers long term savings and insurance in one premium. Know more

Kotak e-Invest

Insurance and investment in one plan with Kotak e-Invest. Know more

Kotak Health Shield

Insurance against medical expenses related to heart, brain, liver and Cancer. Know more

Most Common Life Insurance Riders to Enhance Your Existing Policy

Most Common Life Insurance Riders to Enhance Your Existing Policy
  • 12th Nov 2019 |
  • 2,974

By purchasing life insurance online, you do the best you can for your loved ones. The policy will provide financial security to your family in case of an unfortunate incident. In addition to the basic cover, you can give them extra protection through life insurance riders.

What is an insurance rider?

A rider is a provision that adds an extra benefit on your basic insurance cover. You are free to choose the riders that fit your needs. A rider will enhance the cover and will help you build a policy that suits your personal needs.

You can purchase the riders at a nominal cost and enjoy an additional benefit. The maximum benefit you can enjoy depends on the rider you choose. However, the total premium on all riders should not exceed 30% of the basic premium.

Most common life insurance riders

Listed below are some of the common term insurance riders that will fit your needs.

  • Accidental death benefit rider
  • It is one of the most common life insurance rider types. In this rider, you can choose a single, limited, and regular premium option. This rider will provide you with protection until the end of the policy term of your base plan. It will pay a certain sum assured in case of an accidental death.

  • Term benefit rider
  • Through this rider, your nominees get the sum assured in case something untoward happens to you. It will provide protection until the end of the policy term and provides flexibility in premium payment. You can also enjoy income tax benefit on the premium paid according to Section 80C of the Income Tax Act, 1961.

  • Permanent disability benefit rider
  • One of the most important insurance riders, permanent disability benefit rider will pay the specific sum assured in case of a permanent disability. You can choose to pay a single, regular, or limited premium option. There is no maturity benefit in this rider.

  • Waiver of premium rider
  • This rider will work when you are injured or diagnosed with an ailment and are unable to provide for your family. When you have this rider, you will not have to pay premiums but the plan will remain active.

  • Accelerated death benefit rider
  • This rider will come into force in case of a terminal illness. When a critical illness strikes, the income stops. In this scenario, family members spend heavily on treatment and hospitalization. This is when the rider will make a huge difference. The family will receive the sum assured in case of a terminal illness.

  • Return of premium rider
  • With the return of premium rider, you receive a return from the insurance company. The policy with this rider will offer death and maturity benefits. If you survive the tenure, you receive the premium paid over the years.

    Consider your health and financial stability before you choose a rider. You need to carefully access what the rider is offering and then make a decision. It is a wise move to add riders to your basic life insurance cover. It will give you enhanced protection at a nominal cost.

Kotak e-Term Plan

Download Brochure


  • Nominal Cost
  • Multiple Plan Options
  • Flexible Payout Options
  • Critical Illness Rider
  • Tax Savings
  • Long term Coverage

Ref. No. KLI/22-23/E-BB/492


Browse our library of resources

- A Consumer Education Initiative series by Kotak Life

Similar Articles

Why You Should Buy Term Insurance under the MWP Act (Married Women’s Property Act)?

What Is The Life Insurance Penetration In India And How Does It Compare Globally?

NRI Premium Payment Options

What are the Benefits of Endowment Policy?

How Does Life Insurance Work?

All about Life Insurance Calculators

Life Insurance Vs. Mutual Funds Investment

When are Millennials required to take out a life insurance policy?

How Often You Must Review Your Life Insurance Policy?

Insurance Vs Investment - A Guide to Your Financial Goals

Voluntary Life Insurance Policy Vs Group Life Insurance

First Job? Here’s Some Tips on How to Manage Finances

What Should One Consider Buying: Term Insurance or Traditional Life Insurance

Insurance Changes You Need to Make Post Marriage

1 CR Term Insurance Plan: How to Pick the Best 1 CR Term Plan

5 Ways to ensure faster settlement of claims

Think About Life Insurance Sooner than Later

How to Select a Perfect Life Insurance Policy in India to Protect Your Future?

Savings cum Protection Plans Secures Your Family from Unforeseen Events

Why Buying a Term Insurance is Important for all Parents

What Is a Whole Life Insurance Plan?

All About Life Insurance and How It Works?

Why Online Term Insurance Plans Cheap?

Choosing a Life Insurance Beneficiary

What is Insurance Coverage? Overview, Types, and Examples

Benefits of Term Insurance with Critical Illness Rider

Customer Awareness on Information Security

What is the Difference Between Limited and Regular Pay Insurance Plan?

FAQs on Life Insurance

Can You Apply For A Life Insurance After Getting Heart Attack? Here is Everything You Need To Know

What Is Insurance Rider and It’s Benefits?

Why do most Indians choose the wrong way to buy life insurance?

Life Insurance with Money Back vs Without Money Back

Important Factors to Consider While Choosing the Right Term Period for Your Term Insurance Plan

Can You Transfer Life Insurance Policies to Another Company in India?

How to Choose the Right Life Insurance Policy for Your Age?

Guide for Buying Online Term Insurance Plans for Senior Citizens

Sabse Pehle Life Insurance

Why is Medical Test Important While Buying a Term Insurance?

5 Easy Steps to Buying A Policy

What is Life Insurance?

Term Insurance Claim Process

Why Your Family Should Know About Your Life Insurance Policy?

All about IRDAI

Life Insurance vs Mutual Funds

What Is Financial Planning?

What is the Current Trend in Term Insurance?

Term Insurance for Home Loan: How Term Plan Helps in Paying Off Home Loan?

Can An Individual Buy Multiple Term Insurance Plans?

What is Minimum Life Insurance Policy?

A Term Insurance Guide for Disabled People

Is It Advisable To Have Multiple Life Insurance Policies?

Is Voluntary Life Insurance the Same as Basic Life Insurance?

How To Use Different Types Of Life Insurance For Retirement Planning?

Terms and Conditions of Term Insurance Plans

All You Need to Know About Life Insurance - Its Benefits, Features, and Types of Life Insurance

Do Life Insurance Premiums Increase Every Year?

What is an Endowment Plan?

Key Things to Review in Your Life Insurance Policy Document

Life Insurance Beneficiary

Important Life Insurance Terms You Must Know

6 Things You May Not Know about Life Insurance

Life Insurance and Retirement Planning

Is Life Insurance For Millennials Really Needed?

Various Term Insurance Premium Payment Options Available in India

Guidelines for Linking Aadhar and PAN to Insurance Policies

Choosing Between Short-Term & Long-Term Insurance Plans

Is it Possible to Reduce Life Insurance Premium without Affecting Sum Assured?

Why One Must Buy Term Insurance before 25 Years

9 Most Important Things You Must Learn About Paying Life Insurance Premium

Always keep your Nominee informed

All about Your Rights and Duties While Buying Life Insurance Policy

How To Choose The Right Life Insurance

What Is the Procedure to choose a nomination in life insurance policy?

Beware of Phishing & Fraud Insurance Calls

5 Things to Keep in Mind While Buying Life Insurance Policy

What is Human Life value and a Human Life Value Calculator?

Unit-Linked Life Insurance (ULIPs) vs. Term Insurance

Choose the Nominee of a Term Life Insurance Plan Wisely

All About Backdating in Life Insurance

Why Renewal of Term Insurance Plan is Important

Life Insurance and Millennials

5 Smart Steps to keep in mind while buying term policies

Should You Buy Life Insurance After Getting Married?

Life Insurance for Millennials

Staying Insured While Investing

What Is Social Impact Investing and How Does It Benefit Society?

वरिष्ठ नागरिकों के लिए ऑनलाइन टर्म इंश्योरेंस प्लान खरीदने के लिए गाइड

क्या जीवन बीमा एक निवेश है?

What are robo-advisors in insurance?

How to Customize Your Life Insurance Policy with Riders

Adding A Child to Your Life Insurance Policy?

Does Family History Affects your Term Life Insurance Rates?

What is Sum Assured in Endowment Policy?

Why Life Insurance Is Always a Smart Decision

What Is Surrender Value (Cash Surrender Value) in Insurance and how is it calculated?

Do Your Financial Planning with Life Insurance!

जीवन बीमा क्या है?

Different Kind of Deaths that are Not Covered in a Term Insurance Plan

Types of Insurance You Must Invest in for Secure Future

Term Plan with Return of Premium (TROP)

Term Insurance Tips for NRIs in India

5 Things to Consider Before You Buy Life Insurance

Term Insurance Vs Life insurance: Small Details, Big Differences

Types of Life Insurance Policies in India

Reasons Why Term Insurance Claims Get Rejected

“Life” Insurance or “Death” Insurance?

6 Different Types of Insurance Policies

5 Advantages of Life Insurance Going Digital

How to Revive the Lapsed Life Insurance Policy?

Is It Time to Review Life Insurance Policy of Yours?

How to Choose a Life Insurance Policy

Does Life Insurance Cover Terminal Illness?

How to Find the Best Term Insurance Plan in Seven Steps

How to Make Death Claims on Life Insurance?

Difference Between Insurance and Assurance?

Is it Possible to Make Changes in a Term Plan’s Specification Post Purchase?

How Much Life Insurance Costs and How Much Insurance Cover You Need?

Term Insurance Vs Car Insurance: A Budgetary Choice You'll Regret

Difference Between Money Back and Endowment Policy

How to Buy a Term Life Insurance Online

Life Insurance Policy Closure

Can NRI Buy Life Insurance in India?

ULIPs: Suitable for all

Digital Life Certificate for Pensioners Seeking Pension

Is it Worth Buying Disability Rider on Term Insurance?

5 Common Life Insurance FAQs and Answers

Life Insurance for Overweight Applicants

Health Insurance VS Life Insurance

How Many Insurances Should I Have?

जीवन बीमा पर ऋण

What is a Single Premium Term Plan and its Tax Benefit?

Different Types Of Life Insurance In India

Why do I Need Life Insurance?

Process of Filing A Claim For Life Insurance

5 Reasons Why You Need Life Insurance in College

Health Insurance VS Life Insurance

Important Features of a Term Insurance Plan

Who Is A Nominee In A Life Insurance Plan?

Compare Different Life Insurance Products Offered By Kotak Life

Everything You Must Know About ULIP Riders

Does Life Insurance Pay for Suicidal Death?

Are Deaths Due To Coronavirus Covered by Kotak E-Term Plan?

How to Buy a Life Insurance Plan?

Nominee in insurance - A Complete Guide on nomination in insurance

Why You Should Never Cancel Life Insurance Policy

Comparing low premium term insurance Is Not the Only Factor While Buying Life Insurance

What Should One Expect During the Medical Evaluation for Life Insurance?

Does Life Insurance Policy Cover Covid Death?

Term Life Insurance Vs Money Back Life Insurance

What Is Investment Insurance?

In India, should NRIs purchase life insurance?

5 Reasons Why a Women Should Buy a Life Insurance

Importance of Checking Claim Settlement Ratio before Buying Life Insurance

How to Calculate Human Life Value(HLV)?

Role of Life Insurance in Your Financial Portfolio

Term Life Insurance vs Accidental Death Insurance

Why Term Insurance for Women is Important?

5 Benefits of Gifting Life Insurance Cover to Your Spouse

How to Choose Life Insurance for All Ages?

Types of Life Insurance Or One Investment, Many Options

A Step-by-Step Guide: How To Make An Investment Plan?

10 Most Frequently Asked Questions - FAQs on Term Insurance

Take 100% Responsibility of Your Family with Term Life Insurance

Details Required To Be Filled In A Life Insurance Form

Important Terminologies of Life Insurance

Difference Between ULIP and Endowment Plan?

Top 5 Common Life Insurance Myths and Facts

भारत में जीवन बीमा पॉलिसियों के प्रकार

Can a Term Plan be the Substitute for a Retirement Plan?

Life Insurance Plans for Women

What Happens If I Stop Paying My Life Insurance Premium?

How Much Life Insurance Cover Do I Need?

Life Insurance for Overweight Applicants

Best Insurance Plans in India

Different Types of Insurance Policies in India

Role of IRDAI in the Insurance Sector

What is Group Insurance?

How Do Term Insurance Plans Differ for Smokers?

Loan Against Life Insurance Policy

भारत में सर्वश्रेष्ठ टर्म प्लान कैसे चुनें?

Benefits of Buying Term Insurance Plan for Senior Citizens in India

Why Do Life Insurance Agents Avoid Selling Term Plans?

7 Superficial Reasons People Avoid Buying Insurance Online

Difference Between Term Insurance and Endowment Plan

Is Life Insurance an Investment?

What is Underinsurance & The Dangers of Being Underinsured

When Should You Review Term Life Insurance of Yours?

How Much Life Insurance Do You Need?

Kotak Life Claim Settlement Ratio

Biggest Life Insurance Myths

What Is Staggered Payment Option Under Term Insurance Policy?