Singapore Insurance Riders
Insurance Riders
Riders and Extra Benefits
Waiver of the Premium - if you cannot follow your normal occupation because of an injury or illness, the life insurance company will pay your premiums for you for a set period so that you can keep up the insurance while you are off work
Critical Illness - this provides cover against the risk of you having
a serious illness, such as a heart attack or cancer.
With Critical Illness insurance, if you develop one of the illnesses listed
in the policy, a lump sum will be paid. This type of life insurance can be bought
on its own or as an addition to whole life, endowment or term insurance. What
is included is dependent upon what you agree with the insurer.
Waiver Of Premium For Payer Benefit - a rider often included in juvenile policies which provides that the insurer will give up its right to collect the policy's premiums if the adult policy owner dies or becomes disabled.
Accidental Death Rider - a rider that pays a benefit to the beneficiary in addition to the face amount of the policy in the event that the insured's death is the result of an accident.
Disability Income Rider - this provides for the payment of regular, income and waives insurance premiums should the insured become disabled from illness or injury.
