Q155
Which of the following is correct?
A.
Extra benefits are allowed by the insurer in a life policy on payment of an extra premium
AnswerB.
Double accident benefit is a free item in a life policy
C.
Permanent Disability, like DAB, is also a free benefit and not chargeable
D.
Extra premium for health and extra premium for extra benefits are identical
Answer: Option A
Solution
Answer: Option A
Solution:
Extra benefits are allowed by the insurer in a life policy on payment of an extra premium and extra premium for health is different from extra premium for extra benefits.Double accident benefits and Permanent Disability benefits are available on payment of extra premium.