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Life Insurance Riders

Get more out of your IndiaFirst Life insurance plans by equipping them with optional riders. Cover more possibilities with IndiaFirst Life Insurance and shield your loved ones against anything that the future may throw at you.

Add-on features to help you get the most out of your life insurance
Tailored solution for meeting specific needs
Protection of your family in multiple scenarios
Core life insurance plus additional benefits
Elimination of the need to buy additional policies

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What are Life Insurance Riders?
Types Of Life Insurance Riders
Explore Our Term Insurance Plans
Benefits of Life Insurance riders
How to Choose the Perfect Life Insurance Riders?
Eligibility Criteria – Life Insurance Plans
IndiaFirst Life Insurance Riders
Talk to an Advisor right away
FAQs
Why Choose IndiaFirst Life?
Testimonials

What are Life Insurance Riders?

Life insurance riders are optional add-ons, such as accidental death benefit, waiver of premium rider, and more, that offer additional financial protection at an extra cost. When purchasing a life insurance plan, you can opt for the riders that could best serve your financial needs. For example, with a Term Rider, you increase the financial coverage of the term plan of your choice.

Types Of Life Insurance Riders

Depending on the plan you are buying, the following types of life insurance riders may be available to you:

Term Rider

Some life insurance plans offer coverage for a specific duration. If you want the same policy but would like to have an extended duration on the same, you can opt for a term rider. It is a life insurance term rider that allows you to extend the coverage span of your policy by 5 years to 30 years, for a maximum maturity age of 70 years.

Coverage extension by 5 to 30 years
Cost-effective premium
Add-on benefit; no alteration to the base policy

Waiver of Premium Rider

Depending on the type of life insurance policy chosen, you may have coverage for some specific situations. For example, besides the regular death benefit, you may be able to claim critical illness or accidental total permanent disability benefit. If the nominee is claiming a death benefit on the policy that was purchased with a premium waiver rider, they may also be able to get the rider enforced to not have to pay any future premiums. With the addition of a waiver of premium rider to your policy, you may be able to cease your premium payments after you have claimed one of these benefits. As is the nature of riders in insurance, the waiver of premium rider can be purchased at an additional cost included in premiums.

Premium waived upon claim of the chosen benefit
Affordable additional feature
No premium burden on loved ones

Accidental Death Benefit Rider

An Accidental Death Benefit Rider provides an additional payout to the nominee if the policyholder were to pass away due to an accident while the policy with the rider is in force. The rider can be added to life insurance policies. It can help ensure that along with the basic sum assured, an extra sum is paid to the beneficiary.

Covers death from accidents.
Up to ₹2 crore additional coverage over the original sum assured.
Exclusions such as death due to alcohol influence may be applicable.

Total And Permanent Disability Rider

A Total and Permanent Disability Rider offers financial support if the policyholder becomes totally and permanently disabled due to an accident or illness. This rider provides a lump sum amount or a series of periodic payments to help cover medical expenses and loss of income.

Financial aid in case of loss of income due to permanent disability.
Offers coverage for severe injuries, paralysis, and more.
Exclusions such as disability resulting from self-inflicted injuries or risky activities may be applicable.

Explore Rider Plans

Products

IndiaFirst Term Rider (Non-Linked)

Product Name: IndiaFirst Term Rider Plan (Non Linked Rider)
Product Description: A rider is an add on benefit to any base insurance plan. IndiaFirst Life Term rider plan enhances the life cover of the life assured over and above the cover offered under the chosen base plan & offers extra protection at a reasonable price.
Product Benefits: Additional Life Cover for up to 5-30 years
Guaranteed Lumpsum Death Benefit
Enjoy Tax Benefits on Premiums You Invest.
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Rider

Products

IndiaFirst ADB Rider (non-linked)

Product Name: IndiaFirst ADB Rider (non-linked)
Product Description: IndiaFirst Life Accidental Death Benefit Rider Plan is a Non - linked, Non Participating/Participating, Single, Limited, Regular Health Individual Pure Risk Rider. This rider will help you further guard your loved ones from any upcoming unfortunate events
Product Benefits: Up to 2 Cr. Additional cover
Protect your loved ones at affordable price.
Tax Advantages
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Rider

Products

IndiaFirst TPD Rider (non-linked)

Product Name: IndiaFirst TPD Rider (non-linked)
Product Description: IndiaFirst Life Total and Permanent Disability Rider Plan is a Non - linked, Non-Participating/ Participating, Single, Limited, Regular Health Individual Pure Risk Rider. This rider will help you further guard your loved ones from any upcoming unfortunate events like permanent disability due to accident or sickness.
Product Benefits: Up to 1 Cr. Additional cover
Protect your loved ones at affordable price.
Tax Advantages
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Rider

Products

IndiaFirst Waiver of premium Rider(non-linked)

Product Name: IndiaFirst Waiver of Premium Rider (non-linked)
Product Description: A rider is an add on benefit to any base insurance plan. IndiaFirst Life Waiver of Premium Rider will protect your family's financial future by ensuring that your base policy future premiums are waived off in case of life-assured death, accidental total permanent disability, or critical illness. This rider offers you three coverage choices, 10 critical illness coverages, and tax benefits.
Product Benefits: 3 Coverage Options
Guaranteed Financial Protection For Your Loved Ones
Policy Remains Effective in Your Absence (WOP)
10 Critical Illness Cover
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Rider

Products

IndiaFirst Term Rider (Linked)

Product Name: IndiaFirst Term Rider (linked)
Product Description: IndiaFirst Life Term Rider enhances the life cover of the life assured over and above the cover offered under the chosen base plan. In case of the life assured’s unfortunate demise, the nominee will receive the sum assured under the rider along with any death benefit amount under base plan.
Product Benefits: Additional Life Cover for up to 5-67 years
Lump sum death benefit equal to the sum assured
Enjoy Tax Benefits on Premiums You Invest.
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Rider

Products

IndiaFirst ADB Rider (linked)

Product Name: IndiaFirst ADB Rider (linked)
Product Description: IndiaFirst Life Accidental Death Benefit Rider is a supplementary layer of coverage that provides extra financial fortification to your loved ones. Be your family’s hero today and always with IndiaFirst Life Insurance plans.
Product Benefits: Up to 2 Cr. Additional cover over existing policy
Protect your loved ones at affordable price.
Tax Advantages
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Rider

Products

IndiaFirst TPD Rider (linked)

Product Name: IndiaFirst TPD Rider (linked)
Product Description: A IndiaFirst Life Total And Permanent Disability Rider is Unit linked, Non-Participating, Single, Regular, Limited, Health Individual pure risk rider that offers an extra layer of financial support to your loved ones. This rider will help you further guard your loved ones from any upcoming unfortunate events like permanent disability due to accident or sickness.
Product Benefits: Up to 1 Cr. Additional cover
Protect your loved ones at affordable price.
Tax Advantages
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Rider

Benefits of Life Insurance riders

With the IndiaFirst Life insurance plans, you can get the term rider and the waiver of premium rider to boost the scope of your policies. The choice of life insurance riders allows you to get the most out of them without having to buy a separate policy to fulfil the rest of your needs.

Here are some of the benefits of life insurance riders you can expect from an IndiaFirst Life Insurance Policy fortified with riders.

Improved scope of coverage

Adding a rider to your base policy lets you have a policy offering more than the core benefits, adding to the overall life insurance benefits you receive. For example, adding a waiver of premium rider will let you not worry about your family dealing with the burden of premium if something unfortunate were to happen. It allows you to expect more from your policy at a slight cost.

Flexibility

The decision to include a rider for your life insurance policy depends on the customer. When buying the policy, you ought to go through the brochure to understand what it offers. You can choose to add the available riders if it is suitable for you, on the basis of the core policy features, your requirements, rider options, and premium costs.

Tax Benefits

Premium paid for IndiaFirst Life insurance plans can be claimed for tax exemptions. Within the limits set by the tax regulations, you will be able to claim the full premium paid for the life insurance policy along with rider addition costs.

How to Choose the Perfect Life Insurance Riders?

Buying a life insurance policy is a long-term commitment. Moreover, it is an instrument expected to help your loved ones in your absence. Knowing which riders to add to your policy is as important as choosing the right policy. Here are a few things to remember when choosing life insurance riders for your policy.

Check all life insurance riders available. Once you know the policy details and what riders can be paired with it, you may be able to make an informed choice.
Take all your needs into consideration. Make the choice based on what suits you rather than entirely focusing on what is affordable or popular.
Understand what the rider offers. Adding riders without knowing what purpose they serve can prove to be counterintuitive.
Check rider costs. Riders can be attached to the policy with a small addition to the premium. Ensure that it suits your budget.

Eligibility Criteria – Life Insurance Plans

Age

The minimum age at entry is 18 years for self and spouse.
Minimum age at entry for a child is 0-90 days.
The maximum age depends on the specific policy. It may differ between 60 to 80 years.

Educational Qualification

The minimum education qualification is graduation for term plan.

Income

The minimum yearly income is 2 Lakh, this may differ basis policy types.

IndiaFirst Life Insurance Riders

IndiaFirst Life offers a range of life insurance riders designed to enhance the coverage and flexibility of your life insurance policy. These riders can help ensure that your policy enables you to face unexpected life situations.

IndiaFirst Life Term Rider

Allows you to extend the coverage duration of your policy
Ensures a lump sum amount is paid to the beneficiaries upon the policyholder's demise during the policy term
Enhances the overall security of the base policy addressing various financial needs arising from the loss of income
Cost-effective solution for individuals seeking comprehensive coverage without purchasing a separate policy

IndiaFirst Life Waiver of Premium Rider

Waives off future premiums if the policyholder becomes permanently and totally disabled or critically ill
Ensures the beneficiary can claim the benefit as per the circumstance without having to worry about future premiums
Provides peace of mind by maintaining the policy's financial protection for the insured and their loved ones

IndiaFirst Life Accidental Death Benefit Rider

Provides extra coverage for accidental death in addition to existing life insurance.
Offers up to ₹2 crore in coverage.
Includes tax benefits under prevailing laws.
1 to 57 years policy term, depending on premium payment terms.

IndiaFirst Life Total And Permanent Disability Rider

Offers additional financial protection for total and permanent disability due to accident or illness.
Provides up to ₹1 crore in extra coverage.
Available at affordable premium rates.
Offers tax benefits.
Flexible premium payment terms - 1 year (single premium), 2 years (limited), and 5-47 years (regular).

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FAQs

View All FAQ’s

Do I need to purchase a rider with my life insurance policy in India?

Answer: No, purchasing a rider with your life insurance policy is not mandatory.

What is the difference between life insurance riders and add-on covers?

Answer: Riders and add-on covers are optional benefits you can add to your base policy for enhanced coverage. While riders are specific to life insurance and add-ons to general insurance, both require an extra premium to provide the additional coverage.

Do riders come at an additional cost?

Answer: Yes, rider costs are additional and are added to the total premium amount.

Are there any restrictions on the types of life insurance riders that can be added to a life insurance policy in India?

Answer: Riders provided by insurance companies are designed as per regulations set by the IRDAI. You can read your policy documents to understand any rider restrictions that may apply.

Can a rider be removed from a life insurance policy in India?

Answer: Yes, you may remove a rider from your life insurance policy. In case you have outgrown the need for your life insurance rider, or no longer want it, you may consult your insurance provider to understand how you can detach it from your policy.

Can I get tax benefits on my life insurance rider?

Answer: Yes, you may be able to claim tax exemptions on your life insurance rider payments as per the prevalent tax regulations in the country. This may only be applicable to people who have opted for the old tax regime.

Why Choose IndiaFirst Life?

Ensuring your family's financial security is paramount, and IndiaFirst Term Life Insurance Plans are designed with this priority in mind. Here's why opting for our term insurance plans is the right choice:

Trusted by 1.7 Crore Customers for their life insurance policy

Promoted by Bank of Baroda

High Claim Settlement Ratio of 98.78%

Seamless Online and Offline Experience

100% Genuine Claims are Settled in 1 day.

Customer Reviews

★ ★ ★ ★ ☆

Hassle-Free Onboarding Process

From the onboarding process to the comprehensive medical tests, IndiaFirst Life ensured a hassle-free journey for me. The features of the plan I purchased are as per my expectations, providing me with peace of mind for future.

Mohit Agarwal Mumbai

★ ★ ★ ★ ☆