BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Health insurance
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Property insurance
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Consequential loss
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Detailed explanation-1: -Definition Of Family Floater Health Insurance The sum insured under this plan floats upon all the family members insured in it. The key individual, spouse and children are covered while there are plans for the parents, parents-in-law and siblings as well. Worried about COVID-19 treatment expenses?
Detailed explanation-2: -In short, a family floater insurance covers the entire family in one policy and individual insurance provides coverage to individuals only. The right approach would be to target covering all family members and getting maximum benefits of both the policies.
Detailed explanation-3: -A family floater policy is one that covers different members of the family under a single policy. The policy has one sum insured and it is shared between the insured members. Each member can avail coverage up to the sum insured. However, if one member makes a claim, the sum insured is used up.
Detailed explanation-4: -Solution(By Examveda Team) Maternal uncle cannot be covered under a family floater policy.