n NISM Certifications
X NISM Series X
Medium

Mr. Arjun's health expenses are Rs. 9 lakhs with a Rs. 2 lakh deductible and a 10% co-pay. How much will the insurance pay?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs. 1 lakh

  2. B

    Rs. 90,000

  3. Rs. 67,500

    Correct answer

  4. D

    Rs. 75,000

Why this is the answer

After deducting Rs. 25,000, the remaining Rs. 75,000 is subject to a 10% co-pay (Rs. 7,500), leaving Rs. 67,500 payable by insurance.

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