Which of the following is a primary factor affecting the premium amount in a health insurance policy in India?

easy Q11 of Q15

Insurance Awareness - Health Insurance

ANumber of branches of the insurer

BClaim settlement ratio of the insurer

CAge of the insured

DLocation of insurer's headquarters

Step-by-Step Solution

Step 1: Identify premium determinants
Premium depends on risk factors related to the insured, such as age, health condition, and sum insured.
Final Answer:
Age of the insured → Option C
Quick Check:
Age directly influences risk and thus premium; insurer's claim ratio or location does not affect premium calculation.

Quick Trick: Remember 'Age' is always a key factor in premium calculation.

Common Mistakes:

MISTAKES

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