Insurance riders are valuable additions to your basic insurance coverage. A rider is a clause added to an insurance policy that adds extra coverage and benefits. Many insurance companies now charge an additional fee for rider customization. Riders, in general, greatly expand the scope of your standard insurance policy. You can, for example, supplement your health insurance with pregnancy coverage.

But do you really need a rider in the first place, given that most policies already include basic coverage that covers basic health issues? In some cases, your standard policy may not cover you. In these situations, add-ons or coverage riders come in handy, providing increased and more tailored coverage. Do checkout here if you would want to buy all protection rider insurance policy malaysia.

1. Room Rent Waiver: If you include the room rent waiver rider in your policy, you can select a room with a higher sub-limit or one with no sub-limits. Many insurance companies have a room rent ceiling and cover general/standard or semi-private rooms as part of their policies. If you add the room rent waiver rider, you can get the room of your choice without paying extra at the time of entry.

2. Maternity Benefit Coverage: After the waiting period, this rider provides coverage for expenses incurred during childbirth. The waiting period could last up to 24 months, depending on the insurance company and your insurance plan. Some insurers also provide coverage for newborn babies from the time they are born until the policy term, or maturity, ends.

3. Critical Illness Rider: A critical illness is any terminal condition or ailment, such as a massive heart attack, kidney failure, organ transplant, cancer, tumour, or multiple sclerosis. Some insurance companies include critical illness coverage in their policies, and policyholders can also add it as an add-on to their current policy. The critical illness cover provides an upfront lump sum payment amount regardless of the total expenses paid during the actual medical treatment. Many insurers provide critical illness riders for 10-15 ailments; however, in the case of comprehensive policies, an insurer may cover up to 38 critical illnesses, depending on the company and the needs of the policyholder.

4. Hospital Cash: This rider covers the daily cash that a policyholder may require while in hospital to cover hospital and other medical expenses. The insurance provider will pay this hospital daily cash incentive rider once during the term of your coverage, and it can be used for the number of days specified in your health care plan.

1. Personal Accident: This rider includes total permanent disability, accidental death, permanent partial disability, and temporary total disability. For a small fee, you can add personal accident coverage to your basic insurance plan. This waiver covers medical expenses as well as any disability or injury sustained in an accident, and it can be used to cover any unexpected costs. The personal accident rider is another name for the double indemnity rider. The insurance company will pay a higher death benefit if the insured person is killed in an accident. The policyholder’s family receives twice the policy value if the policyholder dies as a result of unintentional bodily harm.