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 8 of 18

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Q71.
What is another term for a top-up cover in health insurance?

a.

Deductible policy

b.

Basic health cover

c.

Aggregate-based plan

d.

Super top-up cover

Discuss
Answer: (a).Deductible policy Explanation:A top-up cover in health insurance is also known as a high deductible policy.
Q72.
How does a top-up policy work in conjunction with a basic health cover?

a.

It replaces the basic health cover

b.

It provides additional coverage over and above the basic health cover

c.

It has the same sum insured as the basic health cover

d.

It offers lower premiums than the basic health cover

Discuss
Answer: (b).It provides additional coverage over and above the basic health cover Explanation:A top-up policy provides additional coverage over and above the basic health cover.
Q73.
What is the deductible in a top-up policy?

a.

The total sum insured of the policy

b.

The amount of expense incurred for each hospitalization

c.

The specified amount that must be crossed for a claim to be eligible

d.

The premium paid for the policy

Discuss
Answer: (c).The specified amount that must be crossed for a claim to be eligible Explanation:The deductible in a top-up policy is the specified amount that must be crossed for a claim to be eligible.
Q74.
In a top-up policy, when does the reimbursement occur?

a.

When the deductible is paid

b.

When the total sum insured is reached

c.

When the basic health cover is exhausted

d.

When the premium is paid

Discuss
Answer: (a).When the deductible is paid Explanation:In a top-up policy, the reimbursement occurs when the deductible is paid, i.e., when the medical costs exceed the specified threshold.
Q75.
What is the purpose of a super top-up plan in health insurance?

a.

To replace the basic health cover

b.

To provide coverage only for outpatient expenses

c.

To cover the total of all hospitalization bills above the deductible amount

d.

To offer lower premiums than regular top-up plans

Discuss
Answer: (c).To cover the total of all hospitalization bills above the deductible amount Explanation:A super top-up plan in health insurance is designed to cover the total of all hospitalization bills above the deductible amount, applied to the total claims in one year.
Q76.
What is the primary target demographic for Senior Citizen Policies in health insurance?

a.

Infants and young children

b.

Individuals between the ages of 25 and 40

c.

Elderly people, often over 60 years of age

d.

Adults of all ages

Discuss
Answer: (c).Elderly people, often over 60 years of age Explanation:Senior Citizen Policies in health insurance are designed to offer cover to elderly people, often over 60 years of age.
Q77.
What is the typical entry age for Senior Citizen Policies?

a.

Below 40 years

b.

Between 40 and 50 years

c.

Between 50 and 60 years

d.

After 60 years

Discuss
Answer: (d).After 60 years Explanation:The typical entry age for Senior Citizen Policies is after 60 years.
Q78.
What is the range of sum insured for Senior Citizen Policies?

a.

Rs. 1,00,000 to Rs. 2,00,000

b.

Rs. 2,00,000 to Rs. 5,00,000

c.

Rs. 50,000 to Rs. 5,00,000

d.

Rs. 10,00,000 to Rs. 20,00,000

Discuss
Answer: (c).Rs. 50,000 to Rs. 5,00,000 Explanation:The range of sum insured for Senior Citizen Policies typically varies from Rs. 50,000 to Rs. 5,00,000.
Q79.
What is the waiting period for certain ailments in Senior Citizen Policies?

a.

7 days

b.

1 year

c.

5 years

d.

No waiting period

Discuss
Answer: (b).1 year Explanation:The waiting period for certain ailments in Senior Citizen Policies can be 1 year.
Q80.
What has IRDAI mandated for health insurers and TPAs regarding Senior Citizen Policies?

a.

They should charge lower premiums for senior citizens

b.

They should exclude all pre-existing diseases from coverage

c.

They should establish a separate channel to address claims and grievances of senior citizens

d.

They should limit the sum insured for senior citizens

Discuss
Answer: (c).They should establish a separate channel to address claims and grievances of senior citizens Explanation:IRDAI has mandated that all health insurers and TPAs shall establish a separate channel to address the health insurance related claims and grievances of senior citizens.
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