I am 33 and am planning to buy a life insurance plan. How can I add to my insurance against an accident or a fatal mishap?
Rajesh Relan, Managing Director, Metlife says, Most companies will offer riders on your base policy which provide additional protection to the insured in case of an accidental death or disability arising due to accidentrelated mishaps. Riders are flexible options that provide additional protection to a customer which helps him plan his life insurance needs more effectively. They allow customization of a life insurance policy to suit the specific needs of customers.
Thus, you can opt for a personal accident benefit rider that is a low-cost additional benefit that is paid to the nominee in case the insured’s death is caused by an accident.
It is very important to always read sales brochures and the policy document so that you are aware of the plan in its entirety.
