Question

What is the purpose of a deductible/excess in health insurance policies?

a.

To increase the sum insured

b.

To eliminate the need for co-payment

c.

To specify the insured loss amount

d.

To require the insured to pay a fixed amount before the claim is paid by the insurer

Answer: (d).To require the insured to pay a fixed amount before the claim is paid by the insurer Explanation:The purpose of a deductible/excess in health insurance policies is to require the insured to pay a fixed amount before the claim is paid by the insurer.

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Q. What is the purpose of a deductible/excess in health insurance policies?

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