ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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PRO
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CON
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Either A or B
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None of the above
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Detailed explanation-1: -Covers medical-related expenses Health insurance policies cover hospitalisation, pre-and post-hospitalisation, daycare and home treatment expenses. You can also avail of financial coverage for expenses against diagnosis and tests suggested by the doctors.
Detailed explanation-2: -A health insurance plan can offer you large financial coverage that can cover the costs of treatment in India as well as abroad. It also covers hospitalization costs, diagnosis costs, ambulance and medicine expenses, and provides the ease of instant payouts for greater financial flexibility.
Detailed explanation-3: -Health insurance is a type of insurance that covers medical expenses that arise due to an illness. These expenses could be related to hospitalisation costs, cost of medicines or doctor consultation fees.
Detailed explanation-4: -Provides Protection. Insurance coverage does reduce the impact of loss that one bears in perilous situations. Provides Certainty. Insurance coverage provides a feeling of assurance to the policyholders. Risk Sharing. Value of Risk. Capital Generation. Economic Growth. Saving Habits. 09-Nov-2022