Question

What type of policy is typically considered in health insurance planning?

a.

Life insurance policy

b.

Home insurance policy

c.

Hospitalization insurance policy

d.

Investment insurance policy

Answer: (c).Hospitalization insurance policy Explanation:Health insurance planning usually involves assessing the hospitalization expenses that may be incurred in a family medical emergency, leading to the consideration of hospitalization insurance policies.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What type of policy is typically considered in health insurance planning?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. Which area of financial planning deals with strategies to create and maintain a surplus of cash for capital investment?

Q. What is the role of returns in investment planning?

Q. What does risk tolerance represent in investment planning?

Q. How does the time horizon affect investment decisions?

Q. What is liquidity in the context of investment parameters?

Q. How does diversification impact investment strategies?

Q. What is the first step in investment planning after defining investment parameters?

Q. Which of the following is NOT an example of an investment vehicle in India?

Q. What are the three phases of retirement planning?

Q. What does the "conservation" phase in retirement planning involve?

Q. What does the "conservation" phase in retirement planning involve?What does the "distribution" phase in retirement planning entail?

Q. What is the main objective of estate planning?

Q. What is the primary purpose of tax planning?

Q. Under which section of the Income Tax Act in India are life insurance premiums eligible for deduction?

Q. What is the maximum deduction allowed for life insurance premiums under Section 80C of the Income Tax Act in India?

Q. How are death claim amounts from life insurance policies treated for income tax purposes in India?

Q. What is the primary objective of financial planning?

Q. What are the three types of financial products needed based on the individual life cycle?

Q. What has increased the need for financial planning in modern times?

Q. When is the best time to start financial planning?

Recommended Subjects

Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!