n NISM Certifications
X NISM Series X
Medium

Which statement accurately describes the difference between a Top-up and Super Top-up health insurance plan?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Top-up applies per claim; Super Top-up applies annually on total claims

  2. B

    Top-up applies monthly; Super Top-up applies yearly

  3. Top-up applies per claim; Super Top-up applies on total claims annually

    Correct answer

  4. D

    Both apply per claim but differ in coverage limits

Why this is the answer

Top-up plans pay once a claim exceeds the threshold; Super Top-up plans apply the threshold on the aggregate of all claims in a year.

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