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Term Insurance - Importance of Riders

Category: Case Study

July 25, 2025

Case Details:

Mr. Rahul (Name Changed) approached us for Term Insurance. SD INSURANCE suggested he take an add-on Rider for critical Illness. Mr. Rahul was reluctant, as the premium amount was increasing.

Finally, we convinced him, and he opted for the Rider. The policy was issued on March 3rd, 2023.

Important Background:

In July 2024, Mr. Rahul suffered a severe headache and was treated by different doctors in Pune city for almost one month.

Finally, on 7th August 2024, he went to Deenanath Hospital, and the Doctor advised an MRI. The MRI diagnosed a Tumor in his Brain, and the Doctor Suggested an immediate operation to be performed. On 8th August, the Operation was Performed. Post-operation, Mr. Rahul was paralyzed on the Left Side, and the Tumor, after tests, also indicated that it was cancerous.

Solution:

Now, in the case Mr. Rahul has survived but has been paralyzed, and thus the Critical illness rider was triggered, and he was paid ₹10 Lakhs immediately.

To date, he has not yet recovered, and the amount which he received has been very useful for his Survival.

Conclusion:

INVEST WITH SD always suggests that their clients take riders like Critical Illness in all their Term Policies.

 

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