Insurance Awareness - Health Insurance
In Critical Illness Insurance, what happens if the insured is diagnosed with more than one covered illness during the policy term?
In Critical Illness Insurance, what happens if the insured is diagnosed with more than one covered illness during the policy term?
medium Q6 of Q15
Step-by-Step Solution
Step 1: Understand claim rules
Many Critical Illness policies allow multiple claims for different illnesses, subject to the total sum insured.Step 2: Analyze options
Only the first claim is paid; subsequent claims are rejected is incorrect as some policies permit multiple claims; No claims are paid after the first diagnosis and D are factually wrong.Final Answer:
Multiple claims can be paid if the policy allows, subject to sum insured → Option BQuick Check:
Policy terms vary, but multiple claims are possible under many plans.
Quick Trick: Check policy terms for multiple claim benefits.
Common Mistakes:
MISTAKES- Assuming only one claim per policy term is allowed.
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