Question

The specific protection that the insurer provides to the policy holder is known as which of the following?

Answer 1

The correct answer for the given question would be COVERAGE. The specific protection that the insurer provides to the policy holder is known as the coverage. The policy holder refers to the person who purchased the policy from the insurer and the policy is the contract between the insurer and the individual. Hope this answer helps.

Answer 2

Rider is the answer to this question. A Rider in insurance means that an insurer gives the policy holder an additional insurance coverage in which the policy holder will pay for an additional fee. An example of a rider is when an insurance provides additional coverage like an accidental death coverage and a coverage for a critical illness but a specific amount is to be paid by the planholder.