This rider provides an additional payout to your beneficiaries if you happen to pass away due to an accident. It’s an extra layer of security if your life in general or job demands a fair amount of travelling.

If you're diagnosed with any of the specified critical illness like cancer or heart disease, this rider pays out a lump sum amount. You can use this money for medical expenses or any other costs that may arise during treatment.

Think of a premium waiver rider as your insurance policy's safety net. What happens if life throws you a curveball and you're hit with a long-term illness or disability that keeps you from working? That's where this rider steps in.
Here's how it works - if you can't earn because of health issues, this rider tells the insurance company "Hey, you know what, let's pause those premium payments."

But here's the best part - your policy stays active. Your family's protection? Still intact. And you don't have to worry about missing payments when you're already dealing with health challenges.

And if you've got a child insurance plan, some versions of this rider have an extra feature. If something happens to the parent, it steps in to handle the premium payments. Smart thinking, right?
 

What happens to your family's monthly expenses if you can't work anymore? Well, that's exactly what a disability income rider tackles.

If an accident leaves you with a total and permanent disability, this rider kicks in. And depending on how your insurer has designed it, you'll either get a steady stream of monthly payments (like your regular salary) or one big chunk (lump sum) of money upfront.

The idea? Simple. Whether you're around or not, whether you can work or not, your family shouldn't have to compromise on their lifestyle. After all, bills don't stop coming just because income stops flowing, right? So this rider makes sure there's always money coming in to keep things running smooth at home.
 

Instead of dumping a huge amount all at once, the rider breaks down the insurance payout into regular monthly parts. Sort of like getting a salary, but from your insurance policy.

But why would you want this? Well, let's face it - monthly expenses come like clockwork. Rent, utilities, groceries, school fees - they all follow a rhythm. And this rider matches that rhythm perfectly. It makes sure your family gets a steady stream of income rather than having to figure out how to stretch a one-time payment.
Plus, it takes some of the stress out of money management during an already tough time. Your family won't have to worry about budgeting a large sum or making investment decisions when they're dealing with loss. The money just shows up in their account every month, like clockwork.
 

• Ideal for - Those looking for lifelong protection and long-term wealth creation
• Benefit - Extended coverage period, potential for higher long-term returns