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Should you buy health insurance riders or increase your sum insured? Experts explain what to prioritise
Mint 1 hr ago·20 Sept 2026, 2:47 am
Health insurance add-ons, or riders, offer extra coverage for specific needs like critical illness or hospital room charges. However, financial experts suggest that policyholders should first ensure their base sum insured is sufficient to cover major medical emergencies. Adding riders to a thin policy may not provide adequate protection. Before purchasing any add-on, it is crucial to compare the additional premium cost against the actual benefit and check for any waiting periods or exclusions.
For investors, this news highlights the importance of understanding insurance products. The advice suggests that prioritizing a higher base sum insured is often more beneficial than buying multiple add-ons. This approach ensures a safety net for the most critical expenses. Investors should monitor how insurance companies adjust their product portfolios and pricing strategies in response to consumer demand for comprehensive coverage.
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