Nabil is considering purchasing a critical illness insurance policy and he compares the coverage from two...

 

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Nabil is considering purchasing a critical illness insurance policy and he compares the coverage from two different insurers. Insurer A is offering a 10-condition contract and Insurer B is offering a 20-condition contract. When Nabil asks about the coverage for the policies, which of the foliowing answers is CORRECT? Both policies would provide coverage for the "big 4" conditions. The policy from insurer A would have higher premiums than the policy from Insurer B. The precise definition of any individual covered condition would be the same for both policies. Benefits will normally be payable for conditions that are not life threatening. Oa) Ob) Oc) Od) 2. Nabil is considering purchasing a critical illness insurance policy and he compares the coverage from two different insurers. Insurer A is offering a 10-condition contract and Insurer B is offering a 20-condition contract. When Nabil asks about the coverage for the policies, which of the foliowing answers is CORRECT? Both policies would provide coverage for the "big 4" conditions. The policy from insurer A would have higher premiums than the policy from Insurer B. The precise definition of any individual covered condition would be the same for both policies. Benefits will normally be payable for conditions that are not life threatening. Oa) Ob) Oc) Od) 2.

Answer rating: 100% (QA)

The correct option is B ie The policy of insurer A would have a higher ... View the full answer