Question

What does accident benefit provide for?

a.

Additional coverage for regular medical check-ups

b.

Payment of an additional benefit on the occurrence of an accident

c.

Coverage for damages caused by natural disasters

d.

Compensation for loss of income due to unemployment

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).Payment of an additional benefit on the occurrence of an accident Explanation:Accident benefit provides for payment of an additional benefit equal to the sum assured or in installments on permanent total disability and waiver of subsequent premiums payable under the policy.

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