Insurance Awareness - Health Insurance
Which of the following best describes the claim settlement process in a Family Floater Health Insurance policy?
Which of the following best describes the claim settlement process in a Family Floater Health Insurance policy?
medium Q4 of Q15
Step-by-Step Solution
Step 1: Understand Claim Settlement in Family Floater
In Family Floater policies, the sum insured is shared; hence, claims made by one member reduce the remaining sum insured available for others.Final Answer:
Claims by one member reduce the available sum insured for other members → Option CQuick Check:
Claims by one member = correct choice ✅
Quick Trick: Shared sum insured means shared claim limit.
Common Mistakes:
MISTAKES- Assuming separate claim limits for each member in Family Floater.
Master "Health Insurance" in Insurance Awareness
Start learning the concept with an interactive lesson.
Want More Practice?
15+ quiz questions · All difficulty levels · Free
Free Signup - Practice All QuestionsMore Insurance Awareness Quizzes