Top 7 Benefits of Health Insurance Riders

Before we tell you about the benefits of health insurance riders, let us first tell you what a health insurance rider is. As the name suggests, it is a cover that you buy along with your insurance policy and it rides along with your base insurance plan. 

For instance, if you feel like that your health insurance plan does not have sufficient coverage but increasing the coverage will cost you a higher premium, then you can opt for a rider plan that comes at an additional charge no doubt but will not affect your premium drastically. 

Most policies have multiple rider plans available to choose from in line with your budget and cover requirements. This way, you can avail sufficient coverage at a low cost. Whether it’s a family health insurance plan or a health insurance for senior citizens, most buyers go for a basic plan and then opt for a rider plan along with it. This eventually becomes cost-effective with wide coverage. You can find the rider covers on our Bajaj Finserv app.

Now coming back to the benefits of health insurance riders, below we have curated a list of the top 7 benefits of the same. You can pick one, two, or more as per your need and options available with your policy. Have a look at the following:

Health Insurance Rider Benefits

Pay for Your Child’s Education

Yes, this is very much possible. Children’s education fees can be paid with the help of a claim amount from the rider covers. In short, school, university, or any future academic fees can be paid from the rider cover amount. This ensures a safe and secure future for your child. 

Compensation for Debts

Now you can easily avail compensation for your debt. The amount that is offered under the rider plan as a claim is a lumpsum amount and can be used to compensate for the loss of income, loans, mortgages, repayment of debts, etc. that occurred due to loss of pay at work, or treatment of a disease. 

Upgraded Protection Cover

Rider plans increase the scope of coverage. It basically acts as an add-on cover to your existing insurance policy. Rider plans can be beneficial for you as they provide extra coverage for unforeseen events that you or your family may face. The plan ensures that all your family members are being provided with sufficient coverage whenever required. Not only this, these insurance rider plans are affordable too!


When buying a rider plan, you can opt-out of a few features under it or add a few, depending upon your requirement and budget. Moreover, you can use the insurance premium calculator to get an estimate of the plan and then customize it accordingly. 

Tax Saving Benefits

Rider plans come with tax benefits, meaning that the policyholder can avail of a double tax saving advantage along with the basic health insurance plan. You can get a tax relaxation on your premium payments for the basic insurance plan and the rider cover under Section 80D of the Income Tax Act. This benefit is available for all the policyholders who pay tax. 

Wide Range of Options to Choose From

There are plenty of rider covers available, and people can choose any of them as per their insurance requirements. Moreover, people can choose more than one rider plan. 

Lumpsum Payment 

Some rider covers come with an exception. Meaning that policies like critical illness insurance or personal accident insurance have a lumpsum claim amount, which can be used by the policyholder to get compensation for the loss of income or to upgrade the quality of treatment at the hospital. 

We hope that the benefits of health insurance rider covers discussed here were helpful to you! To go through the plans we offer and make a wise choice, you can download the Bajaj Finserv App. 

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