Published on 16/10/2020 11:55:27 AM | Source: Pnb Metlife
Term Insurance Riders are add-on to a term insurance policy that can be drawn on, if and when a certain event or instance is triggered. They allow for financial cover over and above the sum that is normally or initially promised in the said insurance policy. As and when the event for which the rider is purchased is triggered, the claimant of the insurance policy can draw on benefits of the policy.This allows him/her to gain additional benefits.
There are different kinds of Term Insurance Riders:
Riders can a give added benefits to the already existing policy that is in effect. Opting for one allows an individual to make the most of a policy, basis their need.
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