Which of the following statements about premium payment in Family Floater Health Insurance is correct?

medium Q7 of Q15

Insurance Awareness - Health Insurance

APremium is paid separately for each insured member

BPremium amount is fixed regardless of sum insured

CPremium is paid only when a claim is made

DA single premium covers all insured family members under the policy

Step-by-Step Solution

Step 1: Understand Premium Payment in Family Floater
Family Floater policies require payment of a single premium that covers all insured family members under the shared sum insured.
Final Answer:
A single premium covers all insured family members under the policy → Option D
Quick Check:
Single premium covers all = correct choice ✅

Quick Trick: One premium for all in Family Floater.

Common Mistakes:

MISTAKES

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