Question

How are premiums usually collected for health insurance policies according to the Insurance Act, 1938?

a.

They are collected after the policy period ends.

b.

They are not regulated by any act.

c.

They are collected in advance.

d.

They are paid on a quarterly basis.

Answer: (c).They are collected in advance. Explanation:According to the Insurance Act, 1938, premiums for health insurance policies are usually collected in advance.

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Q. How are premiums usually collected for health insurance policies according to the Insurance Act, 1938?

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