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 13 of 18

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Q121.
What additional scope of cover is often extended to Personal Accident policies?

a.

Reimbursement of medical expenses

b.

Coverage for lost luggage

c.

Compensation for property damage

d.

Payment for delayed flights

Discuss
Answer: (a).Reimbursement of medical expenses Explanation:Personal Accident policies are often extended to cover medical expenses, i.e., reimbursement of hospitalization/medical costs incurred following the accident.
Q122.
What are some value-added benefits that insurers offer with Personal Accident insurance?

a.

Travel insurance coverage

b.

Home insurance coverage

c.

Hospital cash, education benefit, ambulance charges, transportation of mortal remains

d.

Business interruption coverage

Discuss
Answer: (c).Hospital cash, education benefit, ambulance charges, transportation of mortal remains Explanation:Value-added benefits that insurers offer with Personal Accident insurance include hospital cash on account of hospitalization due to an accident, education benefit, ambulance charges, and transportation of mortal remains.
Q123.
Which of the following is a common exclusion under Personal Accident insurance?

a.

Accidents arising from disability existing prior to policy inception

b.

Accidents due to mental disorders

c.

Accidents while engaging in aviation or ballooning

d.

All of the above

Discuss
Answer: (d).All of the above Explanation:All of the options listed are common exclusions under Personal Accident insurance. Exclusions may vary from company to company.
Q124.
Who can Personal Accident policies be offered to?

a.

Only to individuals

b.

Only to families

c.

To individuals, families, and groups

d.

Only to groups

Discuss
Answer: (c).To individuals, families, and groups Explanation:Personal Accident policies can be offered to individuals, families, and groups.
Q125.
What is the main feature of a Group Personal Accident policy?

a.

It has a lifetime coverage period.

b.

It offers coverage for specific events.

c.

It allows daily premium payments.

d.

It is available for a term of less than one year.

Discuss
Answer: (b).It offers coverage for specific events. Explanation:The main feature of a Group Personal Accident policy is that it offers coverage for specific events.
Q126.
What does the "Broken bone policy" cover?

a.

Lost or stolen property

b.

Accidental death

c.

Compensation for listed fractures

d.

Medical expenses for any injury

Discuss
Answer: (c).Compensation for listed fractures Explanation:The "Broken bone policy" is designed to provide cover against listed fractures, and a fixed benefit or a percentage of the sum insured is paid at the time of the claim, depending on the type of bone covered and nature of the fracture sustained.
Q127.
What is the primary need for an Overseas Travel insurance policy?

a.

Coverage for lost luggage

b.

Coverage for trip cancellations

c.

Coverage for accidental injury or hospitalization while traveling outside India

d.

Coverage for emergency cash advance

Discuss
Answer: (c).Coverage for accidental injury or hospitalization while traveling outside India Explanation:The primary need for an Overseas Travel insurance policy is to cover expenses related to accidental injury or hospitalization while traveling outside India.
Q128.
What is the scope of coverage offered by Overseas Travel insurance policies?

a.

Only medical and sickness benefits

b.

A range of covers, including accident and sickness benefits and non-medical covers

c.

Only medical and sickness benefits along with personal accident cover

d.

Personal liability and medical and sickness benefits

Discuss
Answer: (b).A range of covers, including accident and sickness benefits and non-medical covers Explanation:Overseas Travel insurance policies typically package a range of covers within one product, including accident and sickness benefits, non-medical covers, and more.
Q129.
Which of the following is a non-medical cover commonly offered by Overseas Travel insurance policies?

a.

Medical expenses due to illness/accident

b.

Accidental death/disability

c.

Personal liability

d.

Personal accident cover

Discuss
Answer: (c).Personal liability Explanation:Personal liability is a non-medical cover commonly offered by Overseas Travel insurance policies.
Q130.
What are some examples of non-medical covers included in Overseas Travel insurance policies?

a.

Medical expenses and evacuation

b.

Loss of passport and emergency cash advance

c.

Accidental death/disability and trip cancellation

d.

Trip delay and trip interruption

Discuss
Answer: (b).Loss of passport and emergency cash advance Explanation:Examples of non-medical covers included in Overseas Travel insurance policies are loss of passport, emergency cash advance, and more.
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