Home |Life Insurance | If we are taking a life insurance cover of 1 Cr, what should be the average amount for the riders? (Critical Illness and Disability Addon)?

If we are taking a life insurance cover of 1 Cr, what should be the average amount for the riders? (Critical Illness and Disability Addon)?

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Shailesh Kumar, Co-founder, Insurance Samadhan verified
Answered on October 18,2021

Dear

As per IRDA directive , maximum amount amount on rider can not exceed more than 30% of the premium of Base plan .

For example , if you are paying a premium of Rs 10000 then you can but riders from a budget of Rs 3000 only .

Hope this clarifies 

 

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