Insurance Awareness - Health Insurance
Which of the following best describes the primary benefit offered by Mediclaim policies in India?
Which of the following best describes the primary benefit offered by Mediclaim policies in India?
easy Q1 of Q15
Step-by-Step Solution
Step 1: Understand Mediclaim benefits
Mediclaim policies primarily cover hospitalization expenses either through reimbursement or cashless treatment at network hospitals.Step 2: Analyze options
Coverage for outpatient medical expenses is incorrect because outpatient expenses are generally excluded. Life insurance payout on death is wrong as Mediclaim is not a life insurance product. Fixed maturity amount after policy tenure is incorrect since Mediclaim policies do not offer maturity benefits.Final Answer:
Reimbursement or cashless payment for hospitalization expenses → Option BQuick Check:
Mediclaim focuses on hospitalization costs, making Reimbursement or cashless payment for hospitalization expenses the correct choice.
Quick Trick: Mediclaim = Hospitalization expenses only.
Common Mistakes:
MISTAKES- Confusing Mediclaim with outpatient or life insurance coverage.
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