n NISM Certifications
NSM General NISM
Medium

How is the hospital cash benefit provided in personal accident insurance?

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

Options

  1. A

    Lump sum payment upon hospitalization

  2. Daily allowance for each day of hospitalization due to an accident

    Correct answer

  3. C

    Covers full hospitalization expenses

  4. D

    Only applicable for specific types of accidents

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

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