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This question belongs to Commerce Insurance

Insurance

?

Which of the following statements is incorrect?

A) Term insurance can be taken as a standalone policy B) Term insurance cannot be taken as a rider C) Term insurance policies are sold by life insurance companies D) Term insurance policies provide cover for a fixed period

Answer & Solution

Correct Answer: Option B

A rider is a provision of an insurance policy that is purchased separately from the basic policy and that provides additional benefits at additional costs. So, term insurance cannot be taken as a rider.

Question posted by Examveda

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