What is the main point of the chicken analogy used in the text?

"To illustrate the importance of health insurance. "To emphasize the unpredictable nature of life and the need for preparedness. "To highlight the financial burden of unexpected medical expenses. "To compare human behavior to animal instincts.

Why do most people choose a health insurance cover of ₹2-3 lakhs?

"They believe it is sufficient for all medical emergencies. "They base their decision on their past experiences and perceived low risk. "They are influenced by aggressive marketing tactics of insurance agents. "They prioritize affordability over comprehensive coverage.

According to the text, what type of medical expenses are most likely to cause significant financial strain?

"Common illnesses like malaria or a broken bone. "Routine check-ups and preventive healthcare. "Rare and complex treatments such as bone marrow transplants. "Dental procedures and cosmetic surgeries.

What is the author's opinion on the advice given by insurance agents to opt for a very high cover?

"It is always the best approach to ensure maximum protection. "It is a manipulative tactic to increase their commission. "It is a necessary precaution against unforeseen medical costs. "It is a balanced approach considering the rising healthcare costs.

What is the author's suggestion for individuals who are concerned about rare but expensive medical events?

"Invest in multiple health insurance policies. "Choose the highest possible cover regardless of the premium. "Consider affordable options like Super Top Ups. "Rely on crowdfunding or public healthcare systems.

What is the primary reason for the annual increase in health insurance premiums?

"Insurance companies' profit maximization strategies. "The rising cost of medical treatments and inflation. "The increasing number of claims filed by policyholders. "The transition to higher age bands with greater risk.

According to the text, can insurance companies increase premiums based on claims made in a given year?

"Yes, they can increase premiums based on claim history. "No, it is an urban myth and not a legal practice. "Yes, but only with the approval of the regulatory authority. "No, but they can increase premiums for pre-existing conditions.

What is the author's recommendation for individuals who are unsure about their ability to pay consistently increasing premiums?

"Opt for a lower cover to ensure some level of protection. "Avoid purchasing health insurance altogether to save costs. "Borrow funds to maintain a high level of coverage. "Negotiate with the insurance company for a fixed premium rate.