Should I buy a term plan with riders, or should I buy all the insurances separately? Buying a combined product is convenient. If I take different covers, it means more work.
—Rahul Sethi
A life insurance policy offers several riders such as critical illness, accidental death, and disability. A single policy with these riders does provide convenience. However, more often than not, the sum assured of riders and extent of cover tends to be less than in standalone plans. For example, a standalone critical illness plan can cover up to 30 diseases whereas riders tend to cover fewer diseases. So, if you are looking for comprehensive coverage you may want to consider buying standalone policies for each cover.
Can term insurance be bought offline as well? Will there be a difference in features or price?
