How much additional sum can one expect if opting for income benefit rider in term insurance?
The income benefit rider offers benefits to the insurance holder’s family in case of their sudden death. The aim of this rider is to act as a regular income source for the family of the deceased policyholder. Payment is generally made as a percentage of the total sum assured and this acts as supplementary income for dependents. The percentage varies from one insurer to another. Check with your insurer to understand the terms and conditions of this rider.
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