Udaipur, April 16, 2025: When buying term insurance online, you should consider available riders and add-ons. They help expand the coverage beyond the scope of your base policy, ensuring that you get wider financial coverage. 

Now, among the available riders, the critical illness rider and accidental death rider are the most popular. Which one should you choose? 

Keep reading this guide for a detailed comparison and make an informed decision.

Critical Illness Rider vs Accidental Death Rider: An Overview

Following are the key differences between a critical illness rider and an accidental death benefit rider:

Why is a Critical Illness Rider Important? 

With the rising healthcare costs, a critical illness rider has become a valuable safeguard. The following are the key benefits of a critical illness rider:

• The payout from this rider can cover a wide range of expenses, including medical costs such as doctor fees, tests, medicines, and hospitalisation, as well as non-medical expenses like ambulance charges and room rent.

• It can also help manage daily living expenses if your income is affected. It acts as an income substitute and provides financial support to your family.

Why is an Accidental Death Rider Important? 

Here are a few reasons why an accidental death rider is crucial:

• Your family gets an additional lump sum and the base life insurance payout.

• It’s one of the most budget-friendly riders to add to your policy.

• If you frequently travel on bikes, commute, or work in riskier environments, this rider offers added peace of mind.

Which Rider Should You Choose: Critical Illness or Accidental Death Rider 

When you choose a term insurance and the riders, make your choice based on your lifestyle, health, and financial priorities:

• People who fear expensive healthcare costs or income loss due to serious diseases should consider critical illness rider coverage. This rider provides payment for medical expenses and everyday needs when medical treatment begins.
• The accidental death benefit rider is perfect for those seeking security against unexpected accidents. In case of the policyholder’s death due to an unfortunate accident, the beneficiaries receive extra financial assistance in addition to the basic policy’s death benefit. 

Points to Consider Before Purchasing Term Insurance Riders

When you compare term insurance plan riders online, there are a few points that you need to keep in mind. Check them out below:

• Evaluating personal needs and existing life insurance coverage before choosing riders is important.
• Always check whether the cost of a rider fits within your budget.
• Carefully read the policy terms to understand what is included and excluded in the rider coverage.
• Be aware of details like waiting periods and exclusions in the fine print.

A clear understanding of available rider options leads to better decision-making and strengthens the overall benefits of the term insurance plan.

Both the critical illness rider and accidental death benefit rider offer valuable protection but serve different purposes. Before deciding, evaluate your personal and family needs, income stability, and risk factors. 

Sometimes, combining both can provide all-around coverage for life’s uncertainties. However, consider the premium amount increase before opting for any rider to ensure timely payments without any financial strain.

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