Question

What is TPD in the context of life insurance?

a.

It is the total premium to be paid for a life insurance policy

b.

It is the total amount of death benefit that can be claimed by the nominee

c.

It is a premature pay-out of the base death benefit for permanent disability

d.

It is the term of the life insurance policy

Posted under IC22 Life Insurance Underwriting

Answer: (c).It is a premature pay-out of the base death benefit for permanent disability Explanation:TPD stands for Total Permanent Disability, which is a benefit paid out when the life assured becomes permanently disabled due to an accident and is unable to follow gainful employment.

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