Insurance Awareness - Life Insurance - LIC
Which rider would be most suitable for a policyholder who wants financial protection against loss of income due to permanent disability?
Which rider would be most suitable for a policyholder who wants financial protection against loss of income due to permanent disability?
medium Q15 of 15
Step-by-Step Solution
Step 1: Identify rider purpose
The Permanent Disability Rider provides financial protection if the policyholder suffers permanent disability affecting income.Final Answer:
Permanent Disability Rider → Option AQuick Check:
Other riders cover accidental death, critical illness, or premium waiver, not specifically permanent disability income loss.
Quick Trick: Permanent Disability Rider protects income loss due to disability.
Common Mistakes:
MISTAKES- Confusing Permanent Disability Rider with Accidental Death or Waiver of Premium Riders.
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