Riders Plan for your Better Future!
Save Big for Your Future and Keep your Loved Ones Protected with Shriram Life Savings Plans starting at just ₹500 per month
Easy Claim Process
Quick Disbursals
Hassle-Free Purchase
Overview
Riders are add-ons or additional benefits which you can opt for along with your current life insurance policy at affordable rates. Riders are valuable tools that help you in expanding your life insurance coverage.
Features and Benefits of Rider
Enhanced coverage
Enhancing your coverage is possible by adding a rider to your primary insurance policy, providing you with broader protection. For instance, a critical illness rider offers a lump sum payout that can be utilized not only for medical expenses but also for managing household costs, loan EMIs, and other financial obligations.
Cost-Effective Option
Opting for a rider is a cost-efficient alternative compared to purchasing a standalone insurance policy. Additionally, with a range of rider options available to tailor to individual requirements, it simplifies the process of obtaining affordable coverage.
Flexibility
You have the flexibility to include a rider in various types of insurance policies, including term, ULIP, endowment, and whole life, allowing you to personalize your policy to suit your specific requirements.
Tax Advantages
Since riders are supplementary to life insurance policies, payments made for these riders are eligible for tax benefits in accordance with the prevailing tax regulations.
Shriram life Critical Illness Plus Rider
Shriram life Critical Illness Plus Rider
Shriram Life Critical Illness Plus Rider is a non-linked, non-participating health individual pure risk premium rider that provides coverage for 24 critical illnesses
FAQs
What is a Rider ?
Riders, as supplementary components to the main insurance policy, provide additional advantages under specific conditions. Customizing your life insurance policy to better meet your individual requirements and optimizing its benefits can be achieved by selecting these riders.
Is it possible to include riders with any type of insurance plan?
Policyholders have the flexibility to add riders to various insurance plans, including term plans, endowment plans, unit-linked plans (ULIPs), or money back plans. It is advisable for the policyholder to choose riders that align with their personal and family requirements, as they can bolster the life coverage and provide a more comprehensive safeguard for their family's financial stability.