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.

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H03 Health Insurance Products MCQs | Page 12 of 18

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Q111.
What is the scope of coverage under PMSBY?

a.

Personal accident death and disability cover

b.

Life insurance cover

c.

Health insurance cover

d.

Travel insurance cover

Discuss
Answer: (a).Personal accident death and disability cover Explanation:PMSBY provides personal accident death and disability cover.
Q112.
What is the primary KYC (Know Your Customer) requirement for enrolling in PMSBY?

a.

PAN Card

b.

Aadhaar

c.

Passport

d.

Voter ID

Discuss
Answer: (b).Aadhaar Explanation:Aadhaar is the primary KYC for enrolling in PMSBY.
Q113.
What is the annual premium for a member under PMSBY?

a.

Rs. 1

b.

Rs. 12

c.

Rs. 100

d.

Rs. 1,000

Discuss
Answer: (b).Rs. 12 Explanation:The annual premium for a member under PMSBY is Rs. 12.
Q114.
When does the cover under PMSBY terminate for a member?

a.

On the member's 60th birthday

b.

On the member attaining the age of 70 years

c.

On the member's 50th birthday

d.

On the member's 75th birthday

Discuss
Answer: (b).On the member attaining the age of 70 years Explanation:The accident cover under PMSBY terminates when the member attains the age of 70 years.
Q115.
What does a Personal Accident (PA) Cover provide compensation for?

a.

Death and disability in the event of an unforeseen accident

b.

Property damage due to an accident

c.

Loss of income due to disability

d.

Medical expenses due to illness

Discuss
Answer: (a).Death and disability in the event of an unforeseen accident Explanation:A Personal Accident (PA) Cover provides compensation for death and disability resulting from an unforeseen accident.
Q116.
In a PA policy, what is the death benefit?

a.

50% of the sum insured

b.

100% of the sum insured

c.

25% of the sum insured

d.

Varied percentages based on the severity of the accident

Discuss
Answer: (b).100% of the sum insured Explanation:In a PA policy, the death benefit is the payment of 100% of the sum insured.
Q117.
What is the purpose of weekly compensation in a PA policy?

a.

To provide a one-time lump sum amount for temporary disablement

b.

To cover the cost of medical treatment

c.

To compensate for the loss of income during temporary disablement

d.

To offer additional coverage for permanent disability

Discuss
Answer: (c).To compensate for the loss of income during temporary disablement Explanation:Weekly compensation in a PA policy is intended to compensate for the loss of income during temporary disablement.
Q118.
Which types of disability are covered under a PA policy?

a.

Only permanent total disability

b.

Only permanent partial disability

c.

Permanent total disability, permanent partial disability, and temporary total disability

d.

Only temporary total disability

Discuss
Answer: (c).Permanent total disability, permanent partial disability, and temporary total disability Explanation:PA policies typically cover permanent total disability, permanent partial disability, and temporary total disability.
Q119.
How is the sum insured determined for PA policies based on income?

a.

It is a fixed amount for all policyholders

b.

It is based on a percentage of the policyholder's income

c.

It is based on the age of the policyholder

d.

It is determined by the policyholder's occupation

Discuss
Answer: (b).It is based on a percentage of the policyholder's income Explanation:The sum insured for PA policies is usually decided based on a multiple of the policyholder's gross monthly income, typically around 60 times the income.
Q120.
Are PA policies subject to the principle of 'contribution' at the time of claim?

a.

Yes, claims are not paid if the policyholder has multiple policies with different insurers.

b.

No, claims are paid under all policies even if the policyholder has multiple policies with different insurers.

c.

It depends on the severity of the accident.

d.

Only claims for permanent disability are subject to 'contribution.'

Discuss
Answer: (b).No, claims are paid under all policies even if the policyholder has multiple policies with different insurers. Explanation:PA policies are not subject to the principle of 'contribution' at the time of claim. Claims would be paid under all policies if the policyholder has multiple policies with different insurers.
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