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Can I add a critical illness rider to a term plan?

Opting for a critical illness rider
By OLM Desk | December 06, 2016

I bought a term plan in July 2016 and wish to add a critical illness rider to it now. Is it possible to do so?

Naina Joshua, Kochi

No, you cannot opt for the critical illness rider, or any other rider for that matter, once the policy is in force. The riders must be selected at the outset, that is, while buying the policy.

 

olmdesk@outlookindia.com

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