Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin

All About Riders In A Child Insurance Plan

Published On Jul 08, 2021 7:36 PM By InsuranceDekho

Rider means getting extra benefit on top of a primary policy, which provides and enhances the cover in case of any specified eventuality. Apart from the Sum Assured which is a Guaranteed Benefit that is promised by the Insurance Company, if the insured person purchases an Additional Rider then he or she gets financial protection as well. We can understand this by an example, suppose you have purchased a Permanent Disability Rider and in the worst-case scenario you get permanently disabled due to some fatal accident then the insurer will cover that specific ailment and at the same time, your basic insurance will remain intact. 

Benefits of Insurance Riders in Child Plans

Though it may seem that it is an additional expense, it is always better to get an Additional Rider rather than purchasing a completely New Policy specifically for each uncertainty that may arise. 

  • Enhanced Coverage

A rider added to the original policy cover will provide you comprehensive cover. These covers are also beneficial to pay the loans and EMIs Or any other liability. 

  • Flexibility

The Riders are flexible and can be purchased with any type of policy such as term, Endowment, ULIP, Or Life Insurance Plan. 

  • Tax Benefits

Just like any other Policy Riders also provide Tax breaks as per the taxation regulations which will add on to your savings. 

  • Affordable

Purchasing a Rider saves you from purchasing separate Policy Cover for all the uncertainties in life. This makes Riders far more Affordable. 

Best Child Insurance Riders

  • Accidental Permanent Disability Rider

This type of Rider is beneficial for those people who commute daily via public or private transportation. In this rider, if the insured person suffers total Permanent Disability due to some fatal accident and is not able to work to provide for their family then the Insurance Company pays a percentage of the cover as regular income. In case if the insured dies because of this Permanent Disability then the insurance company is liable to pay the sum assured and the remaining Rider Benefit. 

  • Accidental Death Benefit Rider

Under this Benefit, if the insured person dies due to a fatal accident then in that case the Insurance Company is liable to pay the grant and the sum assured to the nominee of the Policyholder. It is advised that before purchasing such Riders the individual should go through the Terms and Conditions thoroughly. 

  • Critical Illness Rider

This Rider provides you cover for any Critical Illness. It is important to check the list provided by the Insurance C9mpany to get a clear idea about what all Critical Diseases are covered. Whenever a Critical Illness is detected then the insurance company pays the insured person. Even though such illnesses don't lead to immediate death but it surely does lead to loss of income that's why in this case the Insurance Company pays the insured person some amount at regular intervals to meet the medical and daily living expenses. 

  • Waiver of Premiums Rider

In some circumstances, the Insured person suffers a Disability and is not able to pay the Premium amount then the Policy is usually terminated. But if you have a Waiver of Premium Rider attached to your policy then the future premiums are waived off yet the policy continues as normal. 

  • Accelerated Death Benefit

For people who work in dire conditions or Life-Threatening workplaces where there are chances of contracting a terminal disease this particular Rider is advisable. If the insured person is diagnosed with terminal disease then in that case it is confirmed that it may lead to death. This Rider offers a percentage of the Sum Assured in advance which can be utilized for medical treatments then the remainder is paid to the nominee after the insured person passes away. 


As you can see, the Introduction of Riders has made it easier for people to choose a comprehensive cover for their families. In the case of child Insurance you can be sure that if you have any of these Riders attached to the Policy, there will be no need of worrying about what might happen in your absence. Your child will stay protected in every way possible. 

Also read 

Eligibility Criteria to buy a Child Insurance Plan

Child Insurance Claim Settlement Process Explained

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.                              

Popularly Opted Term Insurance Sum Assured

People Also Read

Must BuyMust Buy

Why to Buy Life Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 1,50,000*
  • Claim support everyday 10AM-7PM
  • 50 Lacs+ happy customers