Question

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

a.

To waive the premium payments in case of critical illness

b.

To provide an additional sum assured in case of accidental death

c.

To provide an additional sum assured in case of total permanent disability

d.

To provide a lump-sum payment upon diagnosis of a critical illness

Posted under IC22 Life Insurance Underwriting

Answer: (d).To provide a lump-sum payment upon diagnosis of a critical illness Explanation:The critical illness (C.I.) rider is designed to provide a lump-sum payment upon diagnosis of a critical illness.

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