Question

What event triggers the benefits provided by the Permanent Disability Rider?

a.

Death of the policyholder

b.

Disability due to aging

c.

Permanent disability from an accident or disease

d.

Diagnosis of a critical illness

Answer: (c).Permanent disability from an accident or disease Explanation:The Permanent Disability Rider provides benefits in the event of permanent disability resulting from an accident or disease.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What event triggers the benefits provided by the Permanent Disability Rider?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is the primary purpose of the Term Rider?

Q. What condition must be met for the Accident Benefit Rider to pay out its benefits?

Q. What event triggers the benefits provided by the Critical Illness Rider?

Q. What is the primary benefit of the Waiver of Premium Rider?

Q. According to IRDAI regulations, what is the maximum percentage of the Basic Life Insurance premium that can be allocated to riders?

Q. What is the limit for the Rider Sum Assured in relation to the Sum Assured of Basic Life Insurance Benefit?

Q. Which type of insurance riders are exempt from the 30% limit on rider premium allocation?

Q. What is the primary purpose of options offered in insurance contracts?

Q. Which of the following options allows policyholders to increase their insurance cover without undergoing a medical examination?

Q. What does the paid-up option in insurance contracts entail?

Q. What alteration option involves changing the ownership of the policy?

Q. In a group insurance policy, what option is typically offered to individual members who leave the group?

Q. What does the grace period in insurance policies typically refer to?

Q. What does the free look cancellation option in insurance policies allow?

Q. Which alteration involves changing the mode of premium payment from monthly to yearly?

Q. What is the purpose of the conversion option in a deferred pension plan?

Q. What type of alteration typically incurs charges from the insurer?

Q. What does the term "Guaranteed Surrender Value" refer to in life insurance contracts?

Q. Which of the following is generally known as the "statutory surrender value" in life insurance policies?

Q. What are "Guaranteed Additions" in life insurance contracts?

Recommended Subjects

Are you eager to expand your knowledge beyond IC 92 Actuarial Aspects of Product Development? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!