Question

What is the purpose of a critical illness rider in a life insurance policy?

a.

To provide additional coverage for accidental death

b.

To ensure the insured receives regular income during retirement

c.

To pay the insured in case of policy surrender

d.

To provide a specified amount in the event of diagnosis of a critical illness

Answer: (d).To provide a specified amount in the event of diagnosis of a critical illness Explanation:The critical illness rider in a life insurance policy provides a specified amount to the insured in the event of the diagnosis of a critical illness as per the terms and conditions.

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Q. What is the purpose of a critical illness rider in a life insurance policy?

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