The riders are something to seriously consider when buying an insurance or annuity policy. These are special clauses that can be attached to your policy to add a benefit that does not otherwise exist. Mostly, riders are optional and you have to pay extra to add these to the policy.

Factually speaking, there are two kinds of riders - basic and special. 

 BASIC RIDERS
These are riders that nearly every insurance company offers. 

1. Waiver of Premium (WP): Offers that if you become
   totally disabled, the company will waive monthly premiums for the base plan and all riders. Usually there is a waiting period of 90 days before this benefit commences. 
2. Accidental Death Benefit (ADB): Offers extra coverage if the insured dies of injuries sustained in an accident within a certain period of time.
3. Children's Insurance Rider (CIR): Another optional rider that offers limited term life protection for your children under a specific age, usually 18 or 25. 

 SPECIAL RIDERS
When you need special coverage along with your life or annuity policy, you look for these riders. Not every insurance company offers them. At this point either you should know where to go or you should contact an independent life agent or broker, who can look through various companies to get you the right kind of coverage.

1. Return of Premium (ROP): With this rider in place you can receive all your premiums back if you do not die till the end of the term of your life insurance policy.
   This rider has taken the term insurance market by storm. To get more details on it please click on Return of Premium.
2. Disability Income Rider (DI): Provides monthly benefit amount in the event the insured becomes totally disabled. Again there is a waiting period before the benefits start.
3. Critical Illness Rider: Offers 100% of your term life policy in a lump sum payment for
   * Heart Attack
   * Life Threatening Cancer
   * Stroke
   * Kidney Failure
   * Terminal Illness
   * Paralysis
   * Blindness
   * Major Organ Transplant
   * HIV Infection (for medical personnel)
   * Coronary Bypass (10% of the benefit)

Please keep in mind to confirm what you are actually buying. Different insurance companies may have certain exclusions you should know about before signing up.

There are a lot more riders available in the market. It is always a good idea to talk to your financial or insurance advisor on what may best suit you.

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