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This question belongs to Commerce Insurance

Insurance

?

State the incorrect sentence

A) No Maturity claim is paid on the close of Term insurance B) In Money Back policy interim payments are made after certain frequencies C) In Money back policy on death within the policy duration full sum assured is payable without deducting the interim instalments already paid D) There is no such thing as rider benefit in a policy contract

Answer & Solution

Correct Answer: Option D

There is rider benefit in a policy contract. A rider is an insurance policy provision that adds benefits to or amends the terms of a basic insurance policy.

Question posted by Examveda

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