n NISM Certifications
NSM General NISM
Medium

Why were critical illness definitions standardized under IRDA health insurance guidelines?

Practice question from IC 38 Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    To limit coverage for critical illnesses

  2. B

    To confuse policyholders with complex definitions

  3. To ensure consistency and avoid confusion among insurers

    Correct answer

  4. D

    To exclude certain critical illnesses from coverage

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

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