New SIDBI Grade A New Batch Starts on Nov 18

    Register

    Question

    What is the abbreviation of ADB in insurance?

    A Accelerated death benefit Correct Answer Incorrect Answer
    B Actual deal benefit Correct Answer Incorrect Answer
    C Age death benefit Correct Answer Incorrect Answer
    D American deal benefit Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    An accelerated death benefit (ADB) is a benefit that can be attached to a life insurance policy that enables the policyholder to receive cash advances against the death benefit in the case of being diagnosed with a terminal illness.

    Practice Next