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4 Most Preferred Life Insurance Rider

Published On Mar 24, 2021, Updated On Apr 23, 2021

Life insurance riders are additional coverages that you can purchase with the insurance policy to increase the coverage. These riders come in exchange with a little extra premium amount. There are 8 different riders available in the market but potential buyers concentrate on 4 most common riders. Read below to learn more about these 4 most preferred riders.

4 Most Preferred Life Insurance Riders

Following are the 4 most preferred life insurance riders briefly discussed:

1. Accidental Death Benefit Rider

Under accidental death benefit rider a sum assured amount along with rider benefit that can be equivalent to the sum assured amount is provided to the nominee/beneficiary in case of an unfortunate accidental demise of the life assured. In most cases, the accidents may not lead to the on the spot death of the life assured in such cases the insurance companies provide a time period after the accident took place to provide the given cover. For instance, if the life assured passes away within 3-6 months since when the accident occured the nominee/beneficiary will be provided with a sum assured along the rider benefit amount. 

Also Read:- 3 Unpopular But Useful Life Insurance Riders

2. Accidental Total and Permanent Disability Rider

Under accidental total and permanent disability rider a lump sum amount is provided to the life assured if he/she is suffering from total permanent disability making them unable to work and earn a living. The life assured can choose to receive the rider benefit amount as lump sum or as way of regular incomes.

3. Critical Illness Rider

Critical Illness rider is very popular among potential buyers because it covers major critical illness. If the life assured is diagnosed with any of the listed critical illnesses under the terms and conditions of insurance policy, then the life assured will receive the rider benefit amount to overcome the treatment expenses. People who consume tobacco or alcohol on a regular basis are suggested to purchase this rider. Before purchasing this rider make sure you check the rider terms and conditions to know the critical illnesses covered under this rider.

4. Waiver of Premium Rider

Under waiver of premium rider all the future premiums of the life insurance policy get waived of, if the disability suffers disability or is diagnosed with a critical illness, which disables the life assured to pay future premiums for their life insurance policy. This rider will help you ensure policy continuance. In such cases where the life assured suffers a total and permanent disability or is diagnosed with a critical illness, the future payable premiums get waived off and the insurance company takes responsibility and lets the life assured enjoy the policy benefits. This rider usually comes with Accidental Total and Permanent Disability rider or with Critical Illness rider.

You May Also Like to Read:- How To Modify Life Insurance With Riders?

The Difference Between A Critical Illness Rider And A HospiCash Rider


Above mentioned are some of the most common life insurance riders because these riders can help overcome financial emergencies. By paying just a little extra amount for these riders you can safeguard yourself and your family in desperate situations. With these riders you can get extra coverage.

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