Is there an investment opportunity in PSP Projects shares?
Is this the right time to invest in the shares of PSP Projects, a company that does construction work for the government and corporate India? How much benefit will there be from investing in this stock? What targets are experts giving regarding this stock? Watch this video to know-
An individual can buy a rider with base policy by paying extra cost.
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Insurance is an essential part of our life for a safe and secure future. When we buy life insurance, it is also most important to buy certain key riders along with the base policy. Term insurance is a form of insurance that offers death benefits is the event of policyholders sudden death. Term insurance rider is an additional cover along with basic insurance policy. They allow policy buyer customisation and can provide several kinds of protection. You can buy a rider by paying extra cost. Generally the additional premium is very low which you can easily pay.
Most term insurance plans offer the benefit of riders. However, the riders, their conditions and their costs vary according to the term plan, the premium and the company.
Take a look at some popular term insurance riders offered by insurers:
1) Accidental death benefit rider
During the policy term, if the insured passes away due to an accident, this rider pays an additional sum assured to his or her nominee. The percentage of this additional sum is calculated on the original sum assured and may vary from company to company.
2) Critical illness rider
This rider will reduce the financial burden in case of terminal sickness of policyholder during the policy term. With this rider, the policyholder receives a lump sum on diagnosis of a critical illness pre-specified in the policy. Most major illnesses are a part of the critical illness cover.
3) Premium waiver benefit rider
With this rider if the policyholder is unable to pay premiums due to income loss or disability during the policy term, the future premiums are waived off. But the basic part is that the policy still remains active.
4) Accelerated up sum assured rider
The accelerated benefit riders provide several types of coverage to policyholders. It allow policyholders to access death benefits in their life insurance policy while they are alive. It is a cashback protection plan. If the patient has taken the accelerated death benefit rider, the family gets a part of the sum assured in advance against the death benefit in the case of being diagnosed with a terminal illness.
5) Accidental disability benefit rider
This rider comes into force if the policyholder meets with an accident and is rendered partially or permanently disabled because of it. Most policies pay differently-abled policyholder regularly a certain percentage of the sum assured for five to 10 years.
6) Income benefit rider
This rider is primarily for income generation after the policyholder’s death. With this rider the policyholder’s family gets additional income per annum for five to 10 years, along with the regular sum assured.
Published: September 11, 2021, 15:23 IST