10 Benefits of Health Insurance Riders | 106

10 Benefits of Health Insurance Riders

Health insurance policies bought by the people can sometimes be insufficient in meeting their requirements. To enhance the coverage and features of the existing health insurance plan without investing in a whole new health insurance policy, you can buy a suitable health insurance rider cover. Rider covers are not only cost-effective but are also extensive in nature. Specific health insurance riders can be bought by the policyholders according to their financial budget and medical needs. There are different types of rider plans like room rent waivers, maternity covers, personal accident covers, and a lot more. You can buy the one that you need and go through its terms carefully to understand the coverage.

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10 Benefits of Health Insurance Riders

Following are some of the prominent benefits of health insurance rider plans:

1. Compensation For The Debts

The amount offered under the rider plans as the claim amount is in lump sum and therefore it can also be used to compensate for the income loss, or repayment of the debts, mortgages, loans, etc. of the policyholders that have incurred due to loss of work due to the treatment of the disease.

2. Paying For Child’s Education

Child’s education fees can be paid with the help of the claim amount from the rider covers. School, college, or future educational fees can be paid using the amount from this plan. This ensures a safe and secured future of the policyholders with the rider covers.

3. Pay For Funeral Expenses

In case of the death of the policyholder, the amount under the rider covers can be used to pay for the expenses of the funeral. Insurers like Future Generali, Bajaj Allianz, Bharti AXA, etc. provide the respective feature to their policyholders under the rider plans bought by them.

4. Enhanced Protection

Adding riders to your existing health insurance plans is essential and fruitful as it enhances the coverage and protects your family against any unforeseen circumstances. It extends the scope of the coverage of your existing health insurance plan, making sure that all you family members get equal coverage at an affordable price.

5. Premium Waiver

After suffering from an accidental disability or critical disease, you can avail the benefits of your purchased health insurance rider plan and under this premium waiver benefit, you can continue the policy without having to pay the extra premium after availing of the services.

6. Minimum Management Hassles

Buying a whole new health insurance cover along with the existing one can increase your hassles, and therefore you can invest in a suitable rider cover to extend the coverage of your basic health insurance plan. This can save the time that is required in buying a new regular health insurance plan and it offers you the best options at an affordable price.

7. Flexibility To Customize

When investing in a suitable rider plan, you can customize your plans according to your needs and make sure that your choices are covered under the purchased rider insurance plan. You can use the online premium calculator to customize your rider plan and add or remove any features. You can consider your medical history, pre-existing disease, financial budget, etc. while investing in a rider plan.

8. Tax Saving Perks

With the help of a rider plan, the policyholders can get double tax saving benefits along with the basic health insurance plan. You can get tax relaxation on your premium payments for the regular plan and the rider cover under the Section 80D of the Income Tax Act. This benefit is available for all the policyholders who are also the taxpayers.

9. Lump Sum Payment

Some rider covers like critical illness riders and personal accident covers offer lump sum claim amounts that can be used to compensate for the income loss of the policyholders and also to enhance the quality of treatment at the hospitals.

10. Variety In Choices

There are different types of rider covers that are available in the market, therefore the people have a plethora of options to choose from.


You can invest in a suitable rider plan for yourself and your loved ones, based on your medical requirements and financial budget. You must go through the fine print of the plan to avoid any inconvenience at the time of the claim settlement process.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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