I had bought a Ulip in my son’s name. At that time, I wanted accident and medical riders, but the insurance company turned down the request, saying my son was a minor. Now, my son has
crossed 18 years of age. So, I asked the company to include the accident rider. But the company rejected the application, saying I should have opted for it when I took the policy. What should I do?
Riders in a life insurance policy are generally taken at the time of issuance of the policy and its addition at a future date can only be done as per the policy terms of the insurer. Riders in a life policy have a limited scope and for a wider cover you can consider taking separate health and personal accident policies.
