What are the Important Riders with Term Insurance for NRI?

A term insurance plan is one of the easiest ways for NRIs to protect their family. The plan provides pure risk protection against many unexpected situations. Riders are extra benefits you can add to your plan to protect yourself from risks like accidents, disabilities, or major illnesses. These add-ons are useful for NRIs because medical treatment abroad is costly, travel is frequent, and social security support may be limited. Adding the right riders gives you more complete protection both in India and overseas.

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What Are the Term Insurance Riders for NRIs?

Term Insurance riders are simple add-ons that you can attach to your term plan by paying a small extra amount. They make the policy stronger and help you deal with risks that the basic plan may not cover.

Some of the Most Important Term Insurance for NRI riders are as follows:

Accidental Death Benefit Rider
Terminal Illness Benefit Rider
Critical Illness Rider
Waiver of Premium on Disability Rider

Here is what each one means.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Accidental Death Benefit Rider

This rider gives your family extra money if death happens due to an accident. The amount is paid in addition to the basic life cover. This helps your family manage expenses during difficult times.

Who needs it: This is especially useful for NRIs who travel frequently or work in roles that involve higher physical risk.

Terminal Illness Benefit Rider

If, as per the insurer's conditions, the terminal illness diagnosis is confirmed, then this rider pays a lump-sum amount while you are still alive. The money can help with medical bills, family needs, or any urgent financial decisions.

Who needs it: NRIs living in countries where treatment costs are very high.

Critical Illness Rider

If you get a critical illness like cancer, a heart attack, a stroke, or kidney failure, this rider will pay you a set amount. You can use it to pay for medical care or to take care of your daily expenses.

Who needs it: NRIs with family medical history or those living in places with expensive healthcare.

Waiver of Premium on Disability Rider

If you become permanently disabled due to an illness or accident, this rider waives off your future premiums. Your policy stays active, and your family continues to stay protected.

Who needs it: Main earning members or anyone with financial dependents.

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Why NRIs Should Add Riders to Their Term Plans?

Riders help make NRIs make their policy comprehensive and get wider protection.

More coverage: These riders offer coverage not only in case of deaths, but also in the events of accidents, illnesses, and disabilities.
Low cost: The cost of adding riders to your term plan is much less than buying separate plans.
Flexible: Riders are flexible because you can choose which ones you want to add to your plan.
Worldwide cover: Most riders offer worldwide coverage, which means that the insurer will pay the benefit amount even if the event happens outside of the country.
Long-term security: Riders makes sure your family’s goals stay covered even during tough times.

How to Buy Term Insurance with Riders for NRIs?

It is simple to buy a term plan with riders:

Check your needs: Think about how much money your family would need if something happened to you.
Compare plans: Look at different NRI term insurance plans and see which ones offer the right riders.
Select riders: Add riders that match your lifestyle, travel pattern, job, and medical needs.
Check global cover: Make sure the plan and riders work worldwide and allow payments from NRE accounts.
Apply online: Send in your paperwork and health information, and then pay. Most companies allow a smooth online process.

Final Thoughts

Term insurance riders make a simple NRI term plan much more powerful. For NRIs, they add important protection against accidents, serious illnesses, and disability. Choosing the right riders makes sure that your family stays financially safe, no matter where you live.

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FAQ's

Q1. Should NRIs add riders to their term plan?

Ans: Yes. Riders help NRIs get broader protection at a small extra cost, covering risks that a base term plan does not cover.
Q2. Does my Indian term plan stay valid if I move abroad?

Ans: Yes. You only need to tell your insurer about your new country of residence and update your contact details.
Q3. What are the common riders for NRIs?

Ans: The common riders are Critical Illness Rider, Accidental Death Benefit Rider, Terminal Illness Benefit Rider, and Waiver of Premium Rider.
Q4. Can I remove riders later?

Ans: In most cases, yes. Riders can be removed at renewal or at certain stages of the policy. Check with your insurer for exact rules.

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

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