The Hidden Gems of Health Insurance: Uncovering the Benefits of Riders

Health insurance riders are optional benefits to be included in your underlying health insurance policy to increase its coverage. Riders enable you to personalize your policy as per your own requirements, offering financial protection in case of a medical emergency. For a small additional premium, you can cover your expenses not under your standard policy.

 

Types of Health Insurance Riders:

 

1) Critical Illness Rider: Pay a lump sum for life-threatening illnesses such as cancer or heart disease.

 

2) Maternity Rider: Excludes pregnancy-related, delivery-related, and post-delivery charges.

 

3) Personal Accident Rider: Avails money for disabilities or deaths occurring due to accidents.

 

4) Room Rent Waiver Rider: Facilitates hospital room choice without additional payments.

 

5) Hospital Cash Rider: Entails cash daily payments during stay at the hospital.

 

Advantages of Riders:

 

1) Tailor-made insurance cover.

 

2) All-around protection against particular health hazards.

 

3) Economical in comparison to buying individual policies.

 

4) Offers financial security in the event of prolonged treatments or emergencies.

 

Source: Health Insurance Insights