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Glossary
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Wrapping Up
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Start Young, Pay Less, Stay Secured
Coverage for spouse Block your premium rate Covers 40 critical illness
Start Young, Pay Less, Stay Secured
Coverage for spouse Block your premium rate Covers 40 critical illness
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Term Life Insurance Whole Life Insurance Critical Illness Insurance Accidental Death Benefit Rider Compare Life Insurance Quotes Best Life Insurance Companies In India Factors Affecting Life Insurance Premiums
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Term Life Insurance Whole Life Insurance Critical Illness Insurance Accidental Death Benefit Rider Compare Life Insurance Quotes Best Life Insurance Companies In India Factors Affecting Life Insurance Premiums
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Life Insurance for Seniors Whole Life Insurance Plans Group Life Insurance Plans Life Insurance Claim Process Tax Benefits of Life Insurance
Family Shield: Enhanced Protection
3 Plan options Life cover till 99 years Steady income benefit Block your premium at inception
Family Shield: Enhanced Protection
3 Plan options Life cover till 99 years Steady income benefit Block your premium at inception
Life Insurance - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Life Insurance - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Premium protection cover
Types of Life Insurance Riders
Critical Illness Rider: These riders act as a source of income if the policyholder is diagnosed with life-threatening health conditions, on the condition that they are unable to meet treatment costs and daily expenses. On opting for the critical illness rider , the insured individuals receive immediate reimbursement of the already specified amount for fulfilling the medical expenses and continuing their existing lifestyle.
Types of Riders Available in a Life Insurance Plan
Critical Illness Rider: This rider pays you a pre-determined sum if you get diagnosed with a critical illness. Any disease or condition that can have fatal consequences and requires immediate and major treatment can be counted as a critical disease. Diseases such as cancer, stroke, heart disease, organ transplant, and others listed by the company can all be categorised as critical or terminal diseases. These diseases require constant medical care and involve huge costs. If you have opted for a critical illness rider and get diagnosed with any of the diseases listed in the policy, you will get immediate payment.
Types of Life Insurance Riders
Accidental Permanent and Partial Disability Rider: This rider serves the policyholder if they end up with permanent or partial disability due to an accident. The rider and the life insurance policy help the investors continue their daily life while also managing their medical expenses.
Types of Riders Available in a Life Insurance Plan
Accidental and Total Permanent Disability: This rider offers crucial support if you suffer a permanent disability due to an accident. Such a disability can impact not only your physical and emotional well-being but also your financial stability. It may prevent you from working, leading to a sudden loss of income. Depending on the insurance provider, the ATPD rider may offer regular payouts to help cover your expenses or waive off future premiums to keep your base policy active without added financial burden.
Key Takeaways
Life insurance riders are optional add-ons that increase your policy’s coverage and efficiency. They offer benefits like income support, premium waivers, and critical illness coverage during tough times.
What are Riders in a Life Insurance Plan?
Life insurance riders are the add-ons that can increase the sum assured of your life insurance policy. Thus, through riders, you can get yourself additional coverage over and above the sum assured. These are additional benefits that can enhance the scope of your existing policy.
Types of Life Insurance Riders
Premium Waiver Rider: This rider allows policyholders to get their payable premiums waived in situations of financial emergencies. These riders are applicable in scenarios of temporary or permanent disability due to an accident or on diagnosis of life-threatening medical conditions or critical illness. The list of critical illnesses includes a first heart attack, stroke, cancer, open chest CABG and others.
Types of Riders Available in a Life Insurance Plan
Premium Waiver Rider: The premium waiver rider ensures that your family does not have to worry about how they will fund the remaining premiums after your death. If you have opted for this rider, then the company will take care of the premiums that remain if you die during the policy term. Premiums to be paid are waived. The policy will continue to run even after your death.