Insurance MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7 Section 8 Section 9 Section 10

21.
In which manner Pre-existing illnesses could be covered?

A. After illness is cured

B. Before illness is contracted

C. After illness is diagnosed

D. After a Waiting period

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22.
Which one of the following statements is correct?

A. Health cover policies cover all illnesses without any exclusion whatsoever

B. There could be a few exclusions like AIDS, STDs, etc

C. Both A & B

D. None of the above correct

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23.
Typical health ins. policies may exclude from cover routine expenses related to –

A. Plastic surgery

B. Dental treatment

C. Aesthetic treatment

D. All of the above

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24.
If a person does not prefer any claim in an health insurance –

A. Cover would cease and policy cancelled

B. Cover would be subject to certain exclusions

C. Cover would decrease

D. No claim Bonus allowed for claim-free years

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25.
Domiciliary Hospitalisation means –

A. Treatment taken as an Outpatient in an hospital

B. Treatment taken as an Inpatient in an hospital

C. Treatment taken both as an Outpatient and as an Inpatient

D. Treatment taken at home as the patient could not be moved to hospital

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26.
For admission of domiciliary hospitalization claim, the minimum period of medical treatment should be –

A. 24 hours

B. 48 hours

C. 3 days

D. 4 days

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27.
With regard to domiciliary hospitalization which is incorrect?

A. The limit for the same is fixed as a %age of total sum insured

B. All chronic diseases are covered without any exclusion

C. Both A & B

D. None of the above correct

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28.
In respect of a family floater health policy, which of the following statements is correct?

A. The total premium payable is less than the total premium payable under non-floater policies

B. The total premium payable is more than the total premium payable under non-floater policies

C. Both A & B

D. None of the above correct

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29.
Health insurance policy premiums qualify for tax relief under Income Tax Act?

A. 80C

B. 80D

C. 10(10D)

D. 80E

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30.
Cashless facility means –

A. Insured need not carry cash on hand and he can settle medical bills thro’ debit card

B. Insured has to pay bills and take reimbursement later

C. Hospital (Network provider) would directly get the bills settled by the insurer

D. None of the above

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Insurance MCQ Questions and Solutions with Explanations | Commerce

21. In which manner Pre-existing illnesses could be covered?

Answer & Solution

22. Which one of the following statements is correct?

Answer & Solution

23. Typical health ins. policies may exclude from cover routine expenses related to –

Answer & Solution

24. If a person does not prefer any claim in an health insurance –

Answer & Solution

25. Domiciliary Hospitalisation means –

Answer & Solution

26. For admission of domiciliary hospitalization claim, the minimum period of medical treatment should be –

Answer & Solution

27. With regard to domiciliary hospitalization which is incorrect?

Answer & Solution

28. In respect of a family floater health policy, which of the following statements is correct?

Answer & Solution

29. Health insurance policy premiums qualify for tax relief under Income Tax Act?

Answer & Solution

30. Cashless facility means –

Answer & Solution

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21.
In which manner Pre-existing illnesses could be covered?

22.
Which one of the following statements is correct?

23.
Typical health ins. policies may exclude from cover routine expenses related to –

24.
If a person does not prefer any claim in an health insurance –

25.
Domiciliary Hospitalisation means –

26.
For admission of domiciliary hospitalization claim, the minimum period of medical treatment should be –

27.
With regard to domiciliary hospitalization which is incorrect?

28.
In respect of a family floater health policy, which of the following statements is correct?

29.
Health insurance policy premiums qualify for tax relief under Income Tax Act?

30.
Cashless facility means –