Question

What does "no claim discount" refer to in health insurance?

a.

A discount on premium for every claim-free year

b.

A discount on medical expenses for policyholders with high claims

c.

A bonus on the sum insured for each claim-free year

d.

A restriction on the category of room an insured person can choose

Posted under IC38 Life Insurance Agent Exam

Answer: (a).A discount on premium for every claim-free year Explanation:"No claim discount" in health insurance refers to a discount on the premium for every claim-free year.

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Q. What does "no claim discount" refer to in health insurance?
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