Insurance Awareness - Life Insurance - LIC
Which rider in a life insurance policy helps protect the policyholder’s family by providing an additional payout if death occurs due to a road accident?
Which rider in a life insurance policy helps protect the policyholder’s family by providing an additional payout if death occurs due to a road accident?
medium Q5 of 15
Step-by-Step Solution
Step 1: Understand rider coverage
The Accidental Death Benefit Rider provides an additional payout if the insured dies due to an accident, including road accidents.Step 2: Exclude other riders
Critical Illness Rider covers illnesses, Permanent Disability Rider covers disability, and Waiver of Premium Rider waives premiums.Final Answer:
Accidental Death Benefit Rider → Option AQuick Check:
This rider specifically covers accidental death scenarios like road accidents.
Quick Trick: Accidental Death Benefit Rider = extra payout on accidental death.
Common Mistakes:
MISTAKES- Confusing accidental death rider with critical illness or disability riders.
Master "Life Insurance - LIC" in Insurance Awareness
Start learning the concept with an interactive lesson.
Want More Practice?
15+ quiz questions · All difficulty levels · Free
Free Signup - Practice All QuestionsMore Insurance Awareness Quizzes