Insurance Awareness - Health Insurance
In Critical Illness Insurance, which of the following is TRUE regarding the claim payment?
In Critical Illness Insurance, which of the following is TRUE regarding the claim payment?
medium Q15 of Q15
Step-by-Step Solution
Step 1: Understand claim conditions
Critical Illness Insurance pays a lump sum immediately upon confirmed diagnosis of a covered critical illness, regardless of treatment duration or expenses.Final Answer:
Lump sum is paid upon confirmed diagnosis of covered illness → Option AQuick Check:
Lump sum is paid = correct choice ✅
Quick Trick: Diagnosis triggers lump sum payment instantly.
Common Mistakes:
MISTAKES- Assuming claim depends on bills or recovery status.
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