Category: IC23 APPLICATIONS OF LIFE INSURANCE – 22

Que. 1 : Q1) Hospital Cash Benefit is payable for hospitalization resulting from accident or sickness. The HCB grows at ______ for each year subject to a maximum limit of 1.5 times the initial daily benefit opted for.    1.  a) 5%    2.  b) 10%    3.  c) 15%    4.  d) 20% Que. 2 : Q2) What cannot be claimed as a deduction […]