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Home > Videos > Insurance Riders Explained - Money Doctor Show Telugu | EP 100

Insurance Riders Explained - Money Doctor Show Telugu | EP 100

Insurance Riders Explained - Money Doctor Show Telugu What are riders? Well, to get to know riders, you better learn what term life insurance is. A Term life Insurance plan is a life insurance plan, which provides coverage across the tenure of the policy. If a policyholder dies within the policy term, then death benefits will be paid to the beneficial nominee as mentioned in the policy documents. If you outlive the tenure of the term insurance plan, you don’t get anything. A beneficial nominee gets the right to use the death benefits received under the term life insurance plan. If parents, spouse or children are nominees under your term insurance plan, they automatically become beneficial nominees. Insurance riders are provisions of an insurance policy that add or amend the basic coverage of insurance. In other words, insurance riders are additional benefits that you can include to your basic insurance plan to enhance insurance coverage as per requirements.  

 
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