n NISM Certifications
NSM General NISM
Medium

What is the benefit of having a rider on a life insurance policy?

Practice question from IC 38 Mock Test 15 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    It reduces the premium

  2. It provides additional coverage for specific risks

    Correct answer

  3. C

    It shortens the policy term

  4. D

    It eliminates exclusions in the base policy

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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