Question

What is a term rider in a life insurance policy?

a.

It is an additional benefit for accidental death

b.

It is a benefit for critical illness

c.

It is an additional amount of death benefit payable to the nominee/s in the case of the life assured's death

d.

It is a benefit for permanent disability

Posted under IC22 Life Insurance Underwriting

Answer: (c).It is an additional amount of death benefit payable to the nominee/s in the case of the life assured's death Explanation:A term rider is an additional amount of death benefit that is payable to the nominee/s in the case of the life assured's death, in addition to the base plan.

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