TN Hse Practice Test & Exam Prep | India

Which of the following best defines the concept of 'risk' in health insurance?

The certainty of an adverse financial loss occurring due to illness The uncertainty regarding the occurrence of a physical or financial loss due to health issues The total expenditure incurred by a policyholder on medical treatments The maximum limit of compensation offered by an insurance policy

Correct Answer:

The uncertainty regarding the occurrence of a physical or financial loss due to health issues

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