Question

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

a.

To waive the premium payments in case of accidental death

b.

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

c.

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

d.

To provide an additional sum assured in case of death

Posted under IC22 Life Insurance Underwriting

Answer: (b).To provide an additional sum assured in case of total permanent disability Explanation:The total permanent disability benefit rider (TPD) is designed to provide an additional sum assured in case of total permanent disability.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

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

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is the purpose of the term rider?

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. What is the Waiver of Premium rider?

View solution

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

View solution

Q. What are the prerequisites for a TPD claim?

View solution

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

View solution

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

View solution

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

View solution

Q. What is a critical illness rider?

View solution

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

View solution

Q. Which of the following critical illnesses may be covered by an insurance company under the critical illness rider?

View solution

Q. What is the difference between a critical illness rider and an insurance mediclaim policy?

View solution

Q. What is the time period within which the benefit is generally paid under the critical illness rider?

View solution

Q. What is the purpose of the critical illness rider?

View solution
View All MCQs on IC22 Life Insurance Underwriting

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!

Geotechnical Engineering

Dive into the world of Geotechnical Engineering with our dedicated category. Explore...

Electronics and Communication Engineering

Explore the dynamic field of Electronics and Communication Engineering with our...

Civil Engineering

Dive into the world of Civil Engineering with our specialized category. Explore the...

IC 89 Management Accounting

Boost your preparation for the IC 89 Management Accounting exam with our extensive...

Verbal Reasoning

Sharpen your logical thinking and reasoning abilities with our Verbal Reasoning...

Tissue Engineering

Delve into the cutting-edge field of Tissue Engineering with our specialized...

Microbiology

Uncover the fascinating world of microbes with our Microbiology category. Delve into...

Genetic Engineering

Unlock the potential of Genetic Engineering with our dedicated category. Explore gene...

Cost Accounting

Dive into the realm of Cost Accounting with our specialized category. Explore cost...