Insurance Awareness - Life Insurance - LIC
Which rider allows the policyholder to add coverage for specific illnesses without increasing the basic sum assured of the life insurance policy?
Which rider allows the policyholder to add coverage for specific illnesses without increasing the basic sum assured of the life insurance policy?
medium Q6 of 15
Step-by-Step Solution
Step 1: Understand rider purpose
The Critical Illness Rider provides additional coverage for specified illnesses without changing the basic sum assured.Step 2: Exclude other riders
Accidental Death Benefit Rider covers accidental death, Permanent Disability Rider covers disability, and Hospital Cash Rider pays daily hospital allowance.Final Answer:
Critical Illness Rider → Option BQuick Check:
This rider enhances illness coverage without altering the base policy sum assured.
Quick Trick: Critical Illness Rider adds illness cover without changing base sum assured.
Common Mistakes:
MISTAKES- Confusing critical illness rider with accidental death or disability riders.
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