Question

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

a.

It can be equal to the basic death benefit

b.

It can be lower than the base sum assured

c.

It can be higher than the base sum assured

d.

It can be any amount specified by the policyholder

Posted under IC22 Life Insurance Underwriting

Answer: (a).It can be equal to the basic death benefit Explanation:The maximum amount of benefit offered by the Accidental Death Benefit (ADB) rider can be equal to the basic death benefit (i.e. additional sum assured) or lower, but never higher than the base sum assured.

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