Economic Times1 sa önceBusinessIndia
Accidental Death Benefit Rider: Do You Need It With Term Insurance?
En resumen
- An accidental death benefit rider offers an additional payout if death occurs due to an accident, complementing a term insurance policy.
- It's an optional add-on, not a replacement, and is particularly recommended for those in high-risk occupations or frequent travelers.
- Prioritize increasing base term cover if existing life insurance is insufficient.
Resumen generado por IA
Tamaño de fuente
An accidental death benefit rider offers an additional payout if death occurs due to an accident, complementing a term insurance policy. It's an optional add-on, not a replacement, and is particularly recommended for those in high-risk occupations or frequent travelers. Prioritize increasing base term cover if existing life insurance is insufficient.
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This article was originally published by Economic Times.
