Insurance Verifier Question:
Download Job Interview Questions and Answers PDF
Please explain what is Elimination period in insurance?
Answer:
In the disability income insurance or loss of income insurance, the elimination period is the amount of time you have to wait before benefits are paid. In other words,it is a time-period between the beginning of the injury and the benefits you are paid off. Longer the Elimination period lower the premium and vice versa.
Download Insurance Verifier Interview Questions And Answers
PDF
Previous Question | Next Question |
Explain me what does ‘Indemnity’ term means? | Do you know what is third party Insurance? |