Prajna Capital - An Investment Guide

Add-on offers or riders are best options for customising your present and future insurance needs. But you have to be careful while opting for one. This article provides a pocket guide for taking the right cover In a bid to stand out above the pack in the face of increased competition, insurance companies have of late started offering add-ons to customise their products and make them more powerful. These add-ons — or riders, as they are called — are a special policy provision or group of provisions that can be added to a policy to supplement the cover provided. They allow you to increase your insurance coverage or limit the coverage set down by the policy. Riders can also be blended according to your present and future insurance needs. Riders are optional additional benefits that you can opt for with your insurance plan for a nominal extra amount. One important thing to remember, however, is that riders are always attached to the basic policy which a person takes. They cannot be bo...