Contact Us
For NRI Customers
(To Buy a Policy)
(If you're our existing customer)
For Online Policy Purchase
(New and Ongoing Applications)
Branch Locator
For Existing Customers
(Issued Policy)
Fund Performance Check
Login
Customers
Employees
Partner
How to increase coverage with insurance riders?
A traditional term insurance plan serves as one of the best hedges against life's uncertainties. A traditional life insurance policy entitles the policy holder's nominee(s) to receive the main plan benefit i.e. the sum assured in the event of policy-holder's demise during the plan term. In case the policy holder survives the term, she/he is entitled to receive the maturity benefits as well.
1 Crore Term Insurance@Rs.19/day***
To delay is to regret
You may not always be around to take care of your family. And that’s when a term plan ensures your family is well protected.
-
Return of Premium (ROP) Option^
-
Individual Death Claim Settlement Ratio of 99.72%##
-
Same Day Claim Processing#
:1800-266-9777
How to increase coverage with term and life insurance riders
Table of Content
1. What is a Critical Illness Rider in Term Insurance?
2. What is an Accidental Death Benefit Rider?
3. What is a Waiver of Premium Rider?
4. What is an Accidental Disability Rider?
5. What is an Income Rider in Term Insurance?
A traditional term insurance plan does not offer any entitlement to the maturity benefits but simply offers the death benefit to the nominee(s) in the event of the policy holder's demise during the plan term. In addition to the primary plan features, a term insurance plan may include supplementary riders that provide additional coverage.
In return of a higher rate of payable premium, a policy holder can avail of these riders.
Following are the important additional riders for term insurance with their relevant benefits:
What is a Critical Illness Rider in Term Insurance?
This is a rider that entitles the policy holder to receive the extra coverage in case of incidence of any critical illness. Therefore, a critical illness rider serves as an additional protection for financial security in the event of diagnosis of any critical illness. Every insurance company has a pre-determined list of such ailments against which coverage can be obtained. In the case of such an incident, the policyholder's nominee(s) will get extra benefits.
What is an Accidental Death Benefit Rider?
This rider entitles the policy holder's nominee(s) to receive additional benefits over and above the sum assured under the main plan in the event of the policy holder’s demise due to an accidental occurrence, offering coverage similar in nature to personal accident insurance.
What is a Waiver of Premium Rider?
This is a very important and beneficial rider that contains the feature that entitles the policy holder and her/his nominee (s) to receive the insurance cover without having to pay the premiums in the event of a certain pre-defined eventuality or condition. Hence, the cover continues to be in effect but the balance premiums are waived off.
What is an Accidental Disability Rider?:
This is an important rider that entitles the policy holder's nominee(s) to receive additional benefits in addition to the sum assured as per the main plan, in the event of the policy holder's disability due to an accidental occurrence.
What is an Income Rider in Term Insurance?
This is the rider that entitles the policy holder's nominee(s) to receive a particular sum as a fixed income in the event of the policy holder's demise during the plan term.
What is an Accelerated Death Benefit Rider?
This rider comes with the feature that entitles the policy holder's nominee (s) to receive the additional benefit, in addition to the main plan benefits in the event of the policy holder's demise due to a pre-defined or pre-existing condition.
HDFC Life offers several Term Insurance Plans that seek to secure your family's future at all times and during all stages of life.
Products we offer -
- C2P3D
- C2P Health
Commonly Asked Questions
- Are optional add-on features and riders actually beneficial for a standard term plan?
- Should I choose a term plan that specifically includes a Critical Illness rider?
- How does a Personal Accident rider provide extra security beyond the basic life cover?
- Will adding riders change my family's choice between a monthly income or a lump sum payout?
- Do riders complicate the process or increase the chances of a claim rejection?
Related Articles
- Best term insurance plan for women in india
- Best life insurance policy for 40 year old in india
- Life insurance and term insurance difference
- Money back term insurance plan
- What is term policy
Need Help to Buy a Right Plan?
Our expert will assist you in buying a right plan for you online.
Reach us between 9 AM - 9 PM IST.
For existing policy related assistance, click here.
A certified expert of HDFC Life will help you.
99.72% Claim Settlement Ratio
For FY 2025-2026
~5 Cr. Number Of Lives Insured
For FY 2024-2025
Disclaimer: By submitting your contact details, you agree to HDFC Life's Privacy Policy and authorize ...Read More
99.72% Claim Settlement Ratio
For FY 2025-2026
~5 Cr. Number Of Lives Insured
For FY 2024-2025
Francis Rodrigues
Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.
Written By:
Here's all you should know about life insurance.
We help you to make informed insurance decisions for a lifetime.
HDFC Life
Reviewed by Life Insurance Experts
HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER
We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.
Popular Searches
- Term Insurance Calculator
- Investment Plans
- Investment Calculator
- Investment for Beginners
- Best Short Term Investments
- Best Long Term Investments
- 5 year Investment Plan
- savings plan
- ulip plan
- retirement plans
- health plans
- child insurance plans
- group insurance plans
- income tax calculator
- bmi calculator
- compound interest calculator
- income tax slab
- Income Tax Return
- what is term insurance
- Ulip vs SIP
- tax planning for salaried employees
- HRA Calculator
- Annuity From NPS
- Retirement Calculator
- Pension Calculator
- nps vs ppf
- short term investment plans
- safest investment options
- one time investment plans
- types of investments
- best investment options
- best investment options in India
- Term Insurance for Housewife
- Money Back Policy
- 1 Crore Term Insurance
- life Insurance policy
- NPS Calculator
- Savings Calculator
- life Insurance
- Gratuity Calculator
- Zero Cost Term Insurance
- critical illness insurance
- itc claim
- deductions under 80C
- section 80d
- Whole Life Insurance
- benefits of term insurance
- types of life insurance
- types of term insurance
- Benefits of Life Insurance
- Endowment Policy
- Term Insurance for NRI
- Term Insurance for Women
- Term Insurance for Self Employed
- Benefits of Health Insurance
- Health Insurance for Senior Citizens
- Health Insurance for NRI
^ Available under Life & Life Plus plan options
#Provided we have received all the relevant and required documents and no further investigation is required. Claim settlement process would be completed within stipulated timelines once the claim request is approved
##Individual claim settlement ratio by number of policies as per audited annual statistics for FY 25-26
***Online Premium for Life Option for HDFC Life Click 2 Protect Supreme Plus (UIN:101N189V01), Male Life Assured, Non-Smoker, salaried, 20 years of age, Policy term of 25 years, Regular pay, Monthly frequency, inclusive of 15% online discount (applicable only for 1st year premium) & exclusive of taxes and levies as applicable. (Monthly Premium of 573/30=19).
**If a customer is a Salaried individual and has opted for a cover of INR 2 Cr with Limited pay, then the total discounts applicable shall be: 10% +7% = 17% discount on the first year premiums.
@As per integrated annual report FY24-25, available on www.hdfclife.com. As of May 2025
~Tax benefits of ₹ 54,600 (₹ 46,800 u/s 80C & ₹ 7,800 u/s 80D) is calculated at highest tax slab rate of 30% on life insurance premium u/s 80C of ₹ 1,50,000 and health premium (Critical illness rider) u/s 80D of ₹ 25,000. Tax benefits are subject to conditions under section 80C, 80D, 10(10D) as per Income Tax Act, 1961. Please consult your tax advisor for more information.
