CMAT 2016 Solved Question Paper
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Question : 32 of 100
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Read the following statement and answer the question which follows.
Fighting the disease ‘cancer’ is never easy for anyone. However, finding an insurance to be financially prepared for it, definitely is. For the disease requiring a minimum of ? 60 lakh worth medical expenditure, our insurance scheme offers ? 5 lakh every year for first five years followed by ? 10 lakh every subsequent year—An advertisement by an insurance company.
Which of the following statements prove that the insurance policy is flawed in its approach?
I. The disease although serious and cash intensive, is total only in 23% of the cases
II. 75% of the entire amount for treatment is required in the first two years of contracting the disease fluctuate much
III. Expenses of treatment of disease do not fluctuate much based on the intensity of disease and the type of hospitals
IV. If treated within 4 yr of contracting the disease, the patient can be completely cured of the disease for life
Fighting the disease ‘cancer’ is never easy for anyone. However, finding an insurance to be financially prepared for it, definitely is. For the disease requiring a minimum of ? 60 lakh worth medical expenditure, our insurance scheme offers ? 5 lakh every year for first five years followed by ? 10 lakh every subsequent year—An advertisement by an insurance company.
Which of the following statements prove that the insurance policy is flawed in its approach?
I. The disease although serious and cash intensive, is total only in 23% of the cases
II. 75% of the entire amount for treatment is required in the first two years of contracting the disease fluctuate much
III. Expenses of treatment of disease do not fluctuate much based on the intensity of disease and the type of hospitals
IV. If treated within 4 yr of contracting the disease, the patient can be completely cured of the disease for life
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