ENDORSEMENT

AND RIDERS
HARRYRAJ KHUMALLAMBAM AND AHAMMED
YAZEEN
ENDORSEMENT
Endorsements are additional provisions or modifications added
to an insurance policy, allowing customization to suit specific
needs.
ENDORSEMENT
These are amendments or changes made to the original
insurance policy. Endorsements can alter various aspects of
the policy, such as coverage limits, terms, conditions, or
even exclusions. They are used to accommodate specific
needs or circumstances of the policyholder.
 RIDERS
Riders, on the other hand, are specific types of endorsements that
provide extra coverage or benefits beyond the standard policy
terms. They help policyholders tailor their insurance to unique
circumstances.
RIDERS
Riders are a type of endorsement that provide additional
benefits or coverage options beyond the standard policy.
They act as add-ons to the base policy and offer extra
protection. Common rider examples include accidental
death benefits, critical illness coverage, disability benefits,
or even term extensions.
Both endorsements and riders allow policyholders to
tailor their insurance coverage to better suit their
individual situations, providing flexibility and
customization within the framework of the original
policy.
 TYPES OF ENDORSEMENT
ADDITIONAL
NAMED PERIL
ENDORSEMEN
T T
Restricts coverage to specific
perils listed in the
endorsement, rather than
providing comprehensive
coverage.
FLOATER
ENDORSEMENT
Similar to a rider for personal
property, this covers movable
property (like jewelry) that
might be used in different
locations.
INSURED
ENDORSEMEN
Adds another person or entity
to the policy, extending
coverage to them, often used
in commercial liability
policies.
RIDER FOR
PERSONAL
PROPERTY
Homeowner's insurance policy
might have a rider to cover
valuable items like jewelry,
art, or electronics that exceed
the standard coverage limits.
 TYPES OF RIDERS
Umbrella Liability Waiver of Premium
Rider Living Benefits Rider Rider

Provides extra liability coverage Sometimes added to life insurance, it allows If the insured becomes disabled and can't
beyond the limits of your primary policyholders to access a portion of the death work, this rider waives premium
policy. benefit while still alive in certain payments while keeping the policy in
circumstances, such as terminal illness. force.

Disability Income Accelerated Death Long-Term Care

Rider Benefit Rider Rider

Added to a life insurance policy, it Allows the policyholder to access a Can be added to life insurance or
provides regular payments if the portion of the death benefit if annuities to help cover the costs of
policyholder becomes disabled and diagnosed with a terminal illness. long-term care services.
unable to work.
 Thanks!
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