ECONOMICS
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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lessen the possibility of becoming injured.
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protect against the financial effects of not being able to work.
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Separate value
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Premium or annuity value
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Detailed explanation-1: -Long-term disability insurance in India often covers catastrophic illnesses and injuries that could result in the loss of employment. It provides protection against a variety of medical diseases, including heart disease, tissue rupture, mental illness, cancer, and more.
Detailed explanation-2: -When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs.
Detailed explanation-3: -Total Permanent Disability (TPD), is a state where a person is unable to work due to prolonged illness or bodily injuries because of an accident. For example, loss of limbs, eyesight, or speech. Opting for a TPD insurance cover can support your family and loved ones in such adverse times.
Detailed explanation-4: -The Guaranteed Purchase Option Rider2 allows a policy owner to purchase additional life insurance coverage in the future, on specified and alternate option dates, without providing evidence of insurability.