Question

What is the purpose of the critical illness rider?

a.

To cover all illnesses

b.

To provide a lump sum amount irrespective of the actual expenditure incurred

c.

To cover the insured against critical illnesses that may be diagnosed in the future

d.

None of the above

Posted under IC22 Life Insurance Underwriting

Answer: (c).To cover the insured against critical illnesses that may be diagnosed in the future Explanation:The purpose of the critical illness rider is to cover the insured against critical illnesses that may be diagnosed in the future.

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