Which of the following statements is true about the sum insured in an Individual Health Insurance policy?

easy Q1 of Q15

Insurance Awareness - Health Insurance

AThe sum insured is shared among all family members

BThe sum insured is fixed and applicable only to the insured individual

CThe sum insured increases automatically with each claim

DThe sum insured is pooled with other policyholders

Step-by-Step Solution

Step 1: Understand Individual Policy Sum Insured
In an Individual Health Insurance policy, the sum insured is a fixed amount that applies only to the insured individual and is not shared with others.
Final Answer:
The sum insured is fixed and applicable only to the insured individual → Option B
Quick Check:
Sum insured is fixed = correct choice ✅

Quick Trick: Individual policy = fixed sum insured per person.

Common Mistakes:

MISTAKES

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