n NISM Certifications
NSM General NISM
Medium

Why is the “waiting period” important in health insurance?

Practice question from IC 38 Mock Test 12 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    It determines the premium amount

  2. B

    It limits coverage for new diseases

  3. It excludes pre-existing conditions for a specific period

    Correct answer

  4. D

    It reduces the sum insured

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

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