Insurance Awareness - Health Insurance
Which of the following is NOT a consequence of non-disclosure of pre-existing diseases in a health insurance proposal form?
Which of the following is NOT a consequence of non-disclosure of pre-existing diseases in a health insurance proposal form?
medium Q6 of Q15
Step-by-Step Solution
Step 1: Understand consequences of non-disclosure
Non-disclosure can lead to claim rejection, policy cancellation, or extension of waiting period.Step 2: Analyze options
Reduction in premium amount is incorrect as non-disclosure does not reduce premium; it usually leads to penalties.Final Answer:
Reduction in premium amount → Option BQuick Check:
Non-disclosure harms the insured, not benefits them financially.
Quick Trick: Non-disclosure never reduces premium.
Common Mistakes:
MISTAKES- Assuming non-disclosure leads to premium benefits.
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