Question

Which rider can be added only at the commencement of the policy contract?

a.

Accidental death benefit rider

b.

Critical illness rider

c.

Term rider

d.

Total permanent disability benefit rider

Answer: (c).Term rider Explanation:Certain riders can be added only at the commencement of the policy contract.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. Which rider can be added only at the commencement of the policy contract?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is the purpose of the waiver of premium (WoP) rider or Premium Waiver Benefit (PWB) rider?

Q. What is the purpose of the critical illness (C.I.) rider?

Q. What is the purpose of the accidental death benefit (ADB) rider?

Q. What is the purpose of the total permanent disability benefit rider (TPD)?

Q. What is the purpose of the term rider?

Q. What is the purpose of the Waiver of Premium (WoP) rider?

Q. When is the Waiver of Premium (WoP) rider more popularly used?

Q. What happens if the life insured (parent) dies in a child plan with the Waiver of Premium (WoP) rider?

Q. What is the purpose of the Accidental Death Benefit (ADB) rider?

Q. What is the maximum amount of benefit offered by the Accidental Death Benefit (ADB) rider?

Q. What is the underwriter evaluating while assessing the accident risk and granting the ADB rider benefit?

Q. Can the Accidental Death Benefit (ADB) rider be declined by the insurance company?

Q. What is the Waiver of Premium rider?

Q. What is TPD in the context of life insurance?

Q. What are the prerequisites for a TPD claim?

Q. What is the meaning of "gainful employment" in the context of TPD?

Q. Why is the claims process for TPD very careful and may require medical and legal experts?

Q. What is a term rider in a life insurance policy?

Q. What is a critical illness rider?

Q. When is the benefit payable to the insured under a critical illness rider?

Recommended Subjects

Are you eager to expand your knowledge beyond IC22 Life Insurance Underwriting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!