If a policyholder wishes to increase their policy benefits and coverage, they have the option of buying term insurance riders with their basic term plan for housewives. Although insurance riders vary with the insurance companies, here are the most common term insurance riders available with term insurance for housewife:
- Accidental Death Benefit Rider
This rider promises an additional sum in case the policyholder dies in an unfortunate accident. The percentage is determined according to the original sum guaranteed by the term plan; it may also vary according to the insurance company.
- Critical Illness and Disability Rider
The Critical Illness and Disability Rider offers an extra payout if the insured is diagnosed with a critical illness or meets with an accident that causes disability. The payout amount and payout frequency depend on the insurance company