The correct answer is: C. Both A & B
A health plus life combo product is a type of insurance policy that combines health insurance and life insurance. This type of policy can be beneficial for people who want to protect themselves from both the financial costs of illness or injury, as well as the loss of income that could result from death.
Health insurance typically covers the costs of medical care, such as doctor’s visits, hospital stays, and prescription drugs. Life insurance, on the other hand, provides a death benefit to your beneficiaries in the event of your death.
There are a number of different health plus life combo products available, so it’s important to compare your options carefully to find the one that best meets your needs. Some factors to consider include the level of coverage you need, the cost of the policy, and the terms and conditions.
If you’re considering a health plus life combo product, be sure to shop around and compare quotes from multiple insurers. You should also read the policy carefully before you purchase it to make sure you understand the coverage and what is and is not included.
Here is a brief explanation of each option:
- Option A: Health insurance from a non-life company and life cover from a life insurance company. This is a common type of health plus life combo product. The health insurance is typically provided by a non-life insurance company, while the life insurance is provided by a life insurance company.
- Option B: Health insurance from a standalone health company and life cover from a life insurance company. This is another common type of health plus life combo product. The health insurance is typically provided by a standalone health insurance company, while the life insurance is provided by a life insurance company.
- Option C: Both A & B. This is the correct answer. A health plus life combo product can be a combination of health insurance from a non-life company and life cover from a life insurance company, or it can be a combination of health insurance from a standalone health company and life cover from a life insurance company.
- Option D: None of the above. This is the incorrect answer. A health plus life combo product is a type of insurance policy that combines health insurance and life insurance.