Riders by LIC are optional add‑on covers that you can attach to eligible base life insurance policies to enhance protection at a relatively low extra premium. They allow you to customise your plan for risks like accident, disability, critical illness and premium waiver without buying separate stand‑alone policies.
List of LIC Riders
As per LIC’s official Riders page (updated 16 September 2025), the following riders are available:
| S. N. | Rider name | UIN No. | Main purpose |
|---|---|---|---|
| 1 | LIC’s Accident Benefit Rider | 512B203V03 | Extra payout on accidental death |
| 2 | LIC’s Premium Waiver Benefit Rider | 512B204V04 | Waives future premiums on specified events |
| 3 | LIC’s Accidental Death & Disability Benefit Rider | 512B209V02 | Extra cover on accidental death and disability |
| 4 | LIC’s New Term Assurance Rider | 512B210V02 | Additional term cover over base sum assured |
| 5 | LIC’s Linked Accidental Death Benefit Rider | 512A211V02 | Accidental death cover on eligible ULIP plans |
| 6 | LIC’s Critical Illness Health Rider | 512B227V01 | Lump‑sum on diagnosis of specified critical illnesses |
| 7 | LIC’s Female Critical Illness Benefit Rider | 512B226V01 | Women‑specific lump‑sum CI protection |
Brief overview of each LIC rider
- LIC’s Accident Benefit Rider: Pays an additional lump sum (Accident Benefit Sum Assured) if the life assured dies due to an accident within the specified period after the accident, over and above base policy death benefits.
- LIC’s Premium Waiver Benefit Rider: Waives future premiums (usually on child or proposer‑based plans) if the proposer meets specified conditions such as death or disability, keeping the child’s policy in force.
- LIC’s Accidental Death & Disability Benefit Rider: Provides extra benefit on accidental death and staged benefits plus premium waiver on defined total and permanent disability due to accident.
- LIC’s New Term Assurance Rider: Adds extra term insurance cover to eligible savings or endowment plans, increasing total death cover without changing the base plan’s structure.
- LIC’s Linked Accidental Death Benefit Rider: Designed for ULIP policies, pays an additional amount on accidental death on top of fund value and base Sum Assured as per product rules.
- LIC’s Critical Illness Health Rider: Pays a one‑time lump sum if the life assured is first diagnosed with any of the listed critical illnesses (like certain cancers, heart attack, stroke), subject to waiting and survival periods, while base policy benefits continue.
- LIC’s Female Critical Illness Benefit Rider: A women‑specific critical illness rider that pays a fixed lump‑sum on diagnosis of defined female‑specific critical illnesses/conditions, offering focused health‑risk protection for women.
How to use LIC riders in planning
- Combine accident‑related riders with term or endowment plans to boost protection against accidental death and disability risks.
- Use Premium Waiver Benefit Rider on child plans so that a child’s future goals are not affected if the earning parent cannot pay premiums.
- Add Critical Illness and Female CI riders to long‑term savings or whole‑life plans to create a health‑protection layer without buying separate health policies.