Insurance Awareness - Health Insurance
What is the primary benefit provided by a Critical Illness Insurance policy?
What is the primary benefit provided by a Critical Illness Insurance policy?
easy Q11 of Q15
Step-by-Step Solution
Step 1: Identify the benefit type
Critical Illness Insurance is designed to pay a fixed lump sum amount upon diagnosis of covered critical illnesses.Final Answer:
Lump sum payment on diagnosis of specified critical illnesses → Option DQuick Check:
Lump sum payment = definition ✅
Quick Trick: Remember: Critical Illness Insurance pays lump sum, not expense reimbursement.
Common Mistakes:
MISTAKES- Confusing Critical Illness Insurance with regular health insurance reimbursement.
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