Riders are like add-ons to your basic life insurance policy, allowing you to customize your coverage to better fit your needs. They can provide additional benefits of life insurance, such as critical illness coverage, accidental death benefits, or waiver of premium in case of disability. Think of them as extra key features of life insurance that enhance your policy, offering more comprehensive protection.

Determining the right amount of life insurance depends on your personal circumstances. A common approach is to consider your annual income and multiply it by a factor (often 10) to ensure your family can maintain their lifestyle without your income. Use a life insurance calculator to find out exactly how much you should be covered for. Additionally, factor in outstanding debts, future expenses like children's education, and any other financial obligations. It's about ensuring your loved ones are financially secure and can continue their lives with minimal disruption in your absence.

An "MLC Copy" refers to a certified copy of a Medico-Legal Certificate (MLC). An MLC is a medical record required by law when someone is hospitalized due to incidents like suspicious suicide attempts, trauma, assaults, or accidents. This certificate is essential for legal purposes and may be requested by life insurance company to process claims related to such incidents.

Most life insurance products offer tax benefits under Sections 80C and 10(10D), whether it's a term plan, savings plan, ULIP, or retirement plan. Tax treatment may vary based on product features and policy terms.