Question

What is the purpose of standardized definitions for critical illnesses under IRDA guidelines?

a.

To limit the number of critical illnesses covered by policies

b.

To make it more complicated for individuals to understand their coverage

c.

To simplify and standardize the definitions of common critical illnesses

d.

To exclude critical illnesses from coverage

Answer: (c).To simplify and standardize the definitions of common critical illnesses Explanation:The purpose of standardized definitions for critical illnesses under IRDA guidelines is to simplify and standardize the definitions of common critical illnesses.

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Q. What is the purpose of standardized definitions for critical illnesses under IRDA guidelines?

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