Question

All of the following statements concerning Waiver of Premium riders are correct EXCEPT:

Answer 1

Answer:

b) An insured who has recovered from a disabling injury will be required to repay the insurer for any premiums that were waived

Explanation:

Waiver of premium is a clause or rider in an insurance policy in which insured is benefited by not paying the premium for his policy in case he suffers from disability for period of disability . For it he is charged with some premium .

Once waived , the premium need not to be repaid back to the insurer , even if he has recovered from disability,