Question

What is a critical illness rider?

a.

It is an insurance policy that covers the insured against any illness

b.

It is a medical policy that covers the insured against hospitalization expenses

c.

It is an insurance policy that covers the insured against critical illnesses that may be diagnosed in the future

d.

It is a policy that provides the insured with a lump sum amount at the time of diagnosis

Posted under IC22 Life Insurance Underwriting

Answer: (c).It is an insurance policy that covers the insured against critical illnesses that may be diagnosed in the future Explanation:A critical illness rider is a policy that provides cover to the insured against critical illnesses that may be diagnosed in the future.

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Q. What is a critical illness rider?
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