10 Free Inbuilt Insurance Covers You Should Know About

When getting a life insurance policy, many individuals are unaware of the extra benefits included at no additional cost. These inbuilt covers offer supplementary protection without any extra premium, enhancing the overall value of your policy. Understanding these features can help you maximise your coverage, providing peace of mind in unforeseen situations. Let us dive into the 10 free inbuilt insurance covers you did not know about and how they can benefit you.

Inbuilt life insurance covers are additional features bundled within your policy, providing extra layers of protection. Here are the 10 free inbuilt insurance covers you must know about:
 

1. Accidental death cover:

Offers additional payout if death occurs due to an accident.

2. Terminal illness cover:

Provides a payout upon diagnosis of a terminal illness, helping with medical expenses.

3. Waiver of premium:

Waives future premiums if the policyholder becomes critically ill or disabled.

4. Income benefit rider:

Guarantees a regular income to your family in the event of your death.

5. Critical illness cover:

Provides a lump sum if diagnosed with specific critical illnesses.

6. Partial disability cover:

Pays a percentage of the sum assured in case of partial disability due to an accident.
 

7. Funeral expenses cover:

Covers immediate funeral costs to ease the financial burden on your family.

8. Child education benefit:

Ensures your child’s education is financially supported after your passing.

9. Loan protection:

Helps cover outstanding loans in case of the policyholder’s death.

10. Personal accident cover:

Provides coverage for medical treatment due to accidental injuries.

These inbuilt covers enhance your life insurance policy, offering additional security without increasing your premiums. Here are the key benefits:
 

Additional protection:

Provides a broader safety net for various risks such as accidents and illnesses.
 

Cost-effective:

Included in your base premium, offering extra coverage at no extra cost.
 

Family security:

Ensures your family is financially supported in different situations, including illness, disability, or death.

Availing these inbuilt covers is straightforward, as they are automatically included in many life insurance policies. Here’s how you can access them:

Review your policy:

Check your policy documents to see what inbuilt covers are included.

Consult with your insurer:

Speak with your insurance provider to fully understand the features of your policy.

Keep updated:

Stay informed about claim processes and requirements to benefit from these inbuilt covers when needed.

Understanding the 10 free inbuilt insurance covers you must know about can enhance your life insurance policy and ensure comprehensive protection for your family. These covers, included without additional costs, provide valuable security against unexpected events, ensuring that you and your loved ones are financially protected in a wide range of scenarios. Always review your policy to maximise these benefits.