H03 Health Insurance Products MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on H03 Health Insurance Products, a fundamental topic in the field of IC38 Life Insurance Agent Exam. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our H03 Health Insurance Products MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of H03 Health Insurance Products mcq questions that explore various aspects of H03 Health Insurance Products problems. Each MCQ is crafted to challenge your understanding of H03 Health Insurance Products principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace IC38 Life Insurance Agent Exam tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our H03 Health Insurance Products MCQs are your pathway to success in mastering this essential IC38 Life Insurance Agent Exam topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of H03 Health Insurance Products. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

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H03 Health Insurance Products MCQs | Page 10 of 18

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Q91.
What percentage of the sum insured is generally paid on the diagnosis of a critical illness?

a.

50%

b.

75%

c.

100%

d.

25%

Discuss
Answer: (c).100% Explanation:Generally, 100% of the sum insured is paid on the diagnosis of a critical illness.
Q92.
What is the waiting period for any benefit to become payable under a critical illness policy?

a.

15 days

b.

30 days

c.

60 days

d.

90 days

Discuss
Answer: (d).90 days Explanation:There is a waiting period of 90 days from the inception of the policy for any benefit to become payable under the policy.
Q93.
What is the purpose of Corona Kavach and Corona Rakshak policies introduced by IRDAI?

a.

To provide coverage for all types of diseases

b.

To offer coverage for general hospitalization expenses

c.

To provide coverage for COVID-19-related expenses

d.

To offer coverage for critical illnesses

Discuss
Answer: (c).To provide coverage for COVID-19-related expenses Explanation:Corona Kavach and Corona Rakshak policies were introduced by IRDAI to provide coverage for COVID-19-related expenses.
Q94.
What is the key feature of Corona Rakshak health insurance policy?

a.

It offers coverage for all types of diseases

b.

It provides an indemnity-based coverage for COVID-19-related expenses

c.

It is a benefit-based policy providing a lump sum benefit for COVID-19 hospitalization

d.

It covers critical illnesses

Discuss
Answer: (c).It is a benefit-based policy providing a lump sum benefit for COVID-19 hospitalization Explanation:The key feature of Corona Rakshak health insurance policy is that it is a benefit-based policy providing a lump sum benefit for COVID-19 hospitalization.
Q95.
What is the age range for individuals eligible for Corona Rakshak health insurance?

a.

25 years to 60 years

b.

30 years to 70 years

c.

18 years to 65 years

d.

40 years to 75 years

Discuss
Answer: (c).18 years to 65 years Explanation:Individuals between the ages of 18 years to 65 years are eligible for Corona Rakshak health insurance.
Q96.
What are the expenses covered under Corona Kavach health insurance for COVID-19 treatment?

a.

Room, Boarding, Nursing Expenses only

b.

Room, Boarding, Nursing Expenses, and Surgeon Fees

c.

Room, Boarding, Nursing Expenses, and expenses related to PPE Kit, gloves, mask, and more

d.

Only expenses incurred on road Ambulance

Discuss
Answer: (c).Room, Boarding, Nursing Expenses, and expenses related to PPE Kit, gloves, mask, and more Explanation:Corona Kavach health insurance covers a range of expenses for COVID-19 treatment, including room, boarding, nursing expenses, surgeon fees, expenses related to PPE Kit, gloves, mask, and more.
Q97.
How many days of Home Care Treatment Expenses are covered under Corona Kavach for COVID-19 treatment?

a.

Up to 7 days per incident

b.

Up to 14 days per incident

c.

Up to 21 days per incident

d.

Up to 30 days per incident

Discuss
Answer: (b).Up to 14 days per incident Explanation:Home Care Treatment Expenses under Corona Kavach are covered for up to a maximum of 14 days per incident.
Q98.
What is the additional cover offered under Corona Kavach health insurance?

a.

Maternity Cover

b.

Hospital Daily Cash

c.

Critical Illness Cover

d.

Dental Cover

Discuss
Answer: (b).Hospital Daily Cash Explanation:The additional cover offered under Corona Kavach health insurance is Hospital Daily Cash.
Q99.
What is the minimum continuous hospitalization period required for a lump sum benefit under the Standard Vector Borne Disease Health Policy?

a.

12 hours

b.

24 hours

c.

48 hours

d.

72 hours

Discuss
Answer: (d).72 hours Explanation:A minimum continuous hospitalization period of 72 hours is required for a lump sum benefit under the Standard Vector Borne Disease Health Policy.
Q100.
How many times can the Policyholder claim the "diagnosis cover" payment for each covered vector-borne disease in the policy year?

a.

Once

b.

Twice

c.

Three times

d.

Four times

Discuss
Answer: (a).Once Explanation:The Policyholder is entitled to claim the "diagnosis cover" payment for each covered vector-borne disease only once in the policy year.
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