Author name: Administrator

✅ The correct answer is C.
A third-party administrator (TPA) is an organization that processes insurance claims or certain aspects of employee benefit plans for a separate entity.
Reimbursement of the hospitalization expenses can be claimed where cashless hospitalization facility is not availed or treatment is availed in a non-network hospital. In that case the pre-authorisation is not required. The customer would need to settle the bills at the hospital and submit the documentation in attestation within 30 days from the date of discharge.
In case of emergencies, cashless facility does not require pre-authorisation for the conduct of treatment in a hospital. After the patient is admitted, the hospital fax the pre-authorisation to the TPA.

✅ The correct answer is B.
Age of the life insured could be the basis of the cover in a group policy. Group insurance may offer life insurance, health insurance, and/or some other types of personal insurance.

✅ The correct answer is C.
Buying a TV set is not a long term goal of an individual. A long-term goal is something you want to accomplish in the future. Long-term goals require time and planning.

✅ The correct answer is A.
The insurable interest of a mortgagor in the mortgage’s life is equal to the amount of original loan.

✅ The correct answer is D.
In a keyman’s policy the premium paid by the employer is treated as an allowable business expense, in a death claim the policy money is payable to the company and death claim proceeds are treated as taxable income of the employer.