n NISM Certifications
NSM General NISM
Medium

How is the daily cash benefit determined under a health insurance policy?

Practice question from IC 38 Mock Test 16 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    It is a fixed amount for all treatments and procedures

  2. B

    It varies based on the insured person's income

  3. A detailed list specifies the duration of stay and daily cash benefit for each treatment/illness

    Correct answer

  4. D

    The insured person can choose the daily cash benefit amount

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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