Insurance Archives

1. Which of the following is incorrect?

Profit is excess of income over outgo

Profits are excess of assets over liabilities

The same yardstick as is followed by a firm can be applied while life ins. valuation

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Answer is Wrong!

Detailed SolutionWhich of the following is incorrect?

2. Who prescribes the format of a pre-authorisation letter and standard claim forms?

Central Government

Insurance company

TPA

IRDA

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Answer is Wrong!

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3. If the insured gets admitted in a non-network hospital,

He could still avail cashless facility

He would settle hospital bills and would get reimbursed by the insurer

Either A or B

Neither A nor B

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the insured gets admitted in a non-network hospital," class="read-more button" href="https://exam.pscnotes.com/mcq/if-the-insured-gets-admitted-in-a-non-network-hospital/#more-32552">Detailed Solution

4. In respect of a family floater health policy, which of the following statements is correct?

The total premium payable is less than the total premium payable under non-floater policies

The total premium payable is more than the total premium payable under non-floater policies

Both A & B

None of the above correct

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Detailed SolutionIn respect of

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a family floater health policy, which of the following statements is correct?

5. Health insurance policy premiums qualify for tax relief under Income Tax Act?

80C

80D

10(10D)

80E

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Detailed Solution

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class="screen-reader-text">Health insurance policy premiums qualify for tax relief under Income Tax Act?

6. With regard to domiciliary hospitalization which is incorrect?

The limit for the same is fixed as a %age of total sum insured

All chronic diseases are covered without any exclusion

None of the above correct

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Answer is Wrong!

Detailed SolutionWith regard to domiciliary hospitalization which is incorrect?

7. Which one of the following statements is correct?

Health cover policies cover all illnesses without any exclusion whatsoever

There could be a few exclusions like AIDS, STDs, etc

Both A & B

None of the above correct

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target="_blank" class="youtube-subscribe-button"> Subscribe on YouTube button" href="https://exam.pscnotes.com/mcq/which-one-of-the-following-statements-is-correct-20/#more-32548">Detailed Solution