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Term Insurance Riders

Q: How does a term rider work?

A term rider provides extra coverage to your existing term insurance plan, enhancing its benefits in situations like death, disability, or critical illness.

Q: What is an accidental rider in term insurance?

An accidental rider offers additional financial protection by providing an extra payout in case of death or disability due to an accident.

Q: Should we take riders with term insurance?

Yes, riders offer enhanced protection, covering various risks and providing a more customized and cost-effective insurance solution.

At Tata AIA Life Insurance, we believe in providing you with the most comprehensive protection, which is why we offer term insurance riders^& as an essential addition to your life insurance plan. Term insurance riders are optional add-ons that enhance your base term life insurance policy. These riders provide additional coverage tailored to your unique needs, ensuring that you and your loved ones are financially protected against a wide range of unforeseen circumstances.

Our Best-Selling Term Insurance Plans

Tata AIA

Sampoorna Raksha Promise

Key benefits:

Get ₹ 1 Cr Life Cover at ₹ 502/month*
Upto 15% discount on first year premium^
Get 100% premium back^~

Calculate Premium Know More

Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN:110N176V04)

Tata AIA

Maha Raksha Supreme Select

Key benefits:

Get ₹ 2 Cr Life Cover at ₹ 813/month^##
Enhance protection with Education Secure for your children
Upto 15% discount on first year premium^

Calculate Premium Know More

Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V07)

Why Do You Need Riders in Term Insurance?

While a term insurance policy provides a death benefit to your nominee in case of your untimely demise, it doesn’t necessarily offer protection against specific risks that could affect your life and health. This is where riders come into play.

Adding riders to your policy can significantly enhance your coverage and ensure that your loved ones are financially protected in various situations. For instance, critical illness riders can provide financial assistance if you are diagnosed with a major illness, while accidental death riders ensure that additional benefits are paid if death occurs due to an accident. These extra coverages give peace of mind, knowing that you are prepared for unforeseen circumstances.

In a nutshell, term insurance riders offer:

Extra Coverage
Affordable Protection
Customisation

Different Types of Term Life Insurance Riders in India

Term life insurance riders^& come in various forms, allowing you to customise your policy based on your unique needs. Some of the most popular term plan riders in India include:

Accidental Death Benefit Rider

This rider ensures that in case of death due to an accident, the nominee receives an additional lump sum benefit over and above the sum assured under the base term plan. This rider can be particularly beneficial for people working in high-risk occupations.

Critical Illness Rider

In case the policyholder is diagnosed with a critical illness like cancer, stroke, or a heart attack, this rider offers a lump sum payout to assist with treatment and medical costs. This rider is valuable as medical expenses for critical illnesses are often very high.

Waiver of Premium Rider

If you are diagnosed with a disability or a critical illness and are unable to work, this rider waives off future premiums. Your policy continues to be active without the need for any further premium payments.

Income Benefit Rider

This rider ensures a regular income for your family in case of an untimely death or disability. Instead of a lump sum, the beneficiary receives a monthly payout, ensuring financial stability for a longer period.

Terminal Illness Rider

The Terminal Illness Rider is an important add-on to your term insurance policy that provides financial support if the policyholder is diagnosed with a terminal illness. This rider ensures that in case of a terminal diagnosis, where the person’s life expectancy is limited to a specified period (usually 6 to 12 months), the sum assured under the rider is paid out in advance.

Accidental Disability Rider

This rider provides financial assistance in case the policyholder becomes disabled due to an accident. The rider covers both temporary and permanent disabilities, providing coverage for medical expenses and loss of income.

Benefits of Term Insurance Riders

Adding riders to your term insurance policy offers several advantages, making it a highly cost-effective way to ensure comprehensive protection for you and your family. The key benefits include:

Cost-Effective Customization

Rather than purchasing separate insurance policies for various risks, adding riders to your term insurance plan is far more affordable.
Enhanced Coverage

Riders enable you to cover specific risks, such as critical illnesses or accidental death, which are typically not included in standard term policies.
Flexibility

You can choose riders based on your personal needs and add them to your policy at any time during the policy’s tenure. Tata AIA offers the option to modify or remove riders according to your evolving needs.
Peace of Mind

Riders help protect you and your loved ones from unexpected events, ensuring that you are financially prepared for health emergencies, disabilities, or accidents.
Tax Benefits

The premium paid for term insurance riders is eligible for tax deductions under Section 80C of the Income Tax Act, making it a tax-efficient investment.

How to Choose the Right Term Insurance Riders?

Choosing the right term insurance rider depends on your personal circumstances, lifestyle, and financial goals. Here are some factors to consider when adding riders to your term plan:

Assess Your Health Risks: If you have a family history of critical illnesses, a critical illness rider could be highly beneficial. Similarly, if you are in a high-risk profession, consider adding an accidental death rider.
Evaluate Your Financial Goals: If you are the primary breadwinner, it’s advisable to add an income benefit rider to your term plan. This ensures your family receives regular payouts in case of your untimely demise.
Consider Your Age and Health Condition: Some riders, such as critical illness and accidental death benefits, may have restrictions or higher premiums for older policyholders or those with pre-existing conditions.
Budgeting: While riders enhance coverage, they come at an additional cost. Ensure that the added premiums for the riders fit within your budget without compromising other financial commitments.
Consult with an Expert: It is always advisable to seek advice from an insurance advisor or agent. They can help assess your needs and recommend the most suitable riders.

Points to Remember About Term Life Insurance Riders

Before adding a rider to your term insurance plan, keep the following points in mind:

Cost of Riders
Exclusions
Expiry and Renewal

Comprehensive Coverage

Is it good to add a rider with term insurance?

Yes, adding a rider to your term insurance can offer additional protection against specific risks, such as critical illnesses, accidental death, or disability.

How does a term rider work?

A term rider offers additional coverage to your existing term insurance plan, which enhances its benefits in the event of specific situations like death or disability.

What is an accidental rider in term insurance?

An accidental rider provides additional financial protection in case of death or disability due to an accident, paying an extra sum to the nominee or the policyholder.

Should we take riders with term insurance?

Yes, riders are highly beneficial for providing comprehensive coverage against various risks and offering a more customised and cost-effective insurance solution.

Disclaimer
- Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V04)
- Tata AIA Maha Raksha Supreme Select - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V07)
- ^*Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for ₹ 1 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details. Premium is subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.
- ^##Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for 2 Cr. Sum Assured with Policy Term of 15 yrs. (Regular Pay) with Life Secure plan option. Please refer Benefit Illustration for more details. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.
- ^~Under Life Promise Plus Option, an amount equal to the 100% of the Total Premiums Paid (excluding loading for modal premiums) shall be payable at the end of the Policy Term, provided the life assured survives till maturity and the policy is not terminated earlier
- ²Individual Death Claim Settlement Ratio is 99.13% for FY 2023-24 as per the latest annual audited figures.
- ^{^}This product offers first year digital discount of 10% and first year Salaried discount of 5% for Limited Pay/Regular Pay. For Single Pay, 1% digital discount and 1% salaried discount will be provided in the first year
- ^##Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for 2 Cr. Sum Assured with Policy Term of 15 yrs. (Regular Pay) with Life Secure plan option. Please refer Benefit Illustration for more details. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.
- ^&Riders are not mandatory and are available for a nominal extra cost. For more details on benefits, premiums, and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/Intermediary/ branch.
- This product is underwritten by Tata AIA Life Insurance Company Ltd.
- The plan is not a guaranteed issuance plan, and it will be subject to company’s underwriting and acceptance.
- Insurance cover is available under this product.
- For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. The precise terms and condition of this plan are specified in the Policy Contract.
- Buying a Life Insurance Policy is a long-term commitment. An early termination of the Policy usually involves high costs, and the Surrender Value payable may be less than the all the Premiums Paid.
- In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines.
- L&C/Advt/2025/Mar/1095