What is the primary function of health insurance? Option: To eliminate the need for out-of-pocket expenses, To replace the role of personal savings in healthcare, To guarantee access to all medical treatments, To provide financial protection against healthcare costs

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What is the primary function of health insurance?

To eliminate the need for out-of-pocket expenses

To replace the role of personal savings in healthcare

To guarantee access to all medical treatments

To provide financial protection against healthcare costs

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What is the primary purpose of health insurance in India?

"To guarantee access to international healthcare facilities"

"To provide financial protection against unexpected medical expenses"

"To fund experimental medical treatments"

"To cover cosmetic procedures"

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What is the primary function of insurance?

"To provide tax benefits"

"To generate investment income"

"To guarantee a certain level of wealth"

"To protect against potential financial losses"

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What is the main objective of health insurance?

To protect against property damage

To cover the costs of hospitalization and medical treatment

To provide financial support to beneficiaries after the insured's death

To supplement retirement savings

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What is the primary purpose of life insurance?

"It provides a financial safety net for your loved ones in case of your death."

"It serves as a tax-saving tool for high-income earners."

"It replaces the need for savings and emergency funds."

"It guarantees a high return on investment, similar to stocks."

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What is the primary purpose of life insurance?

"To provide a guaranteed return on investment"

"To offer tax benefits under section 80C"

"To encourage a habit of saving money

"To provide financial security to the insured's family in case of death"