IFoA SA1 Practice Questions - IFoA SA1 Health and Care Specialist Advanced Exam - IFoA SA1 Practice Questions - IFoA SA1 Health and Care Specialist Advanced Exam

Question 1

Private medical insurance (PMI) in the UK typically operates on which underlying pricing and renewal basis?

Annually renewable contracts with premiums reviewable at each renewal Whole-of-life guaranteed premiums fixed at outset Single-premium contracts with no renewal Unit-linked investment contracts with mortality charges

Correct Answer:

Annually renewable contracts with premiums reviewable at each renewal

Question 2

Which benefit-design feature most directly reduces the risk of anti-selection and moral hazard in a private medical insurance policy?

Guaranteed insurability with no health questions Excesses, co-payments and benefit limits Unlimited outpatient cover with no caps Premium discounts for new joiners only

Correct Answer:

Excesses, co-payments and benefit limits

Question 3

Income protection (IP) insurance benefit is most commonly defined relative to which measure?

The full pre-disability gross salary with no cap A flat lump sum payable on any sickness absence A proportion of pre-disability earnings, allowing for other income, subject to a maximum The insurer's reserve per policy

Correct Answer:

A proportion of pre-disability earnings, allowing for other income, subject to a maximum

Question 4

In an income protection contract, the deferred period is best described as:

The period after a claim ends before cover can resume The maximum duration over which benefit is paid The number of years premiums must be paid before any claim The waiting period from the onset of incapacity before benefit becomes payable

Correct Answer:

The waiting period from the onset of incapacity before benefit becomes payable

Question 5

Critical illness (CI) insurance most commonly pays benefit in what form and on what trigger?

A tax-free lump sum on diagnosis of a defined condition or qualifying surgery, with survival period A regular income on diagnosis of any illness Reimbursement of actual medical bills incurred An annuity payable only on death

Correct Answer:

A tax-free lump sum on diagnosis of a defined condition or qualifying surgery, with survival period

Exam overview

About this Exam

Prepare with the IFoA SA1 Practice Questions - IFoA SA1 Health and Care Specialist Advanced Exam practice quiz. This question bank includes 100 questions covering insurer, health, solvency, risk, and pricing. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

More details

Additional Information

IFoA SA1 Practice Questions - IFoA SA1 Health and Care Specialist Advanced Exam

This practice set contains 100 questions from the matching question bank and focuses on insurer, health, solvency, risk, and pricing. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

Quiz information

Frequently Asked Questions

The complete question count is available after full access is unlocked.

No fixed duration is currently configured for this quiz.

Question explanations are included where they are available in the quiz content, helping you review the reasoning after answering.

Yes. You can retake the practice test again as you continue studying during your available access period.

After your access is confirmed, you can continue into the complete practice exam from this quiz flow.

Unless explicitly stated otherwise, this page provides independent practice material for study and exam preparation and is not the official examination itself.

Correct Answer:

Correct Answer:

Correct Answer:

Correct Answer:

Correct Answer:

About this Exam

Additional Information

IFoA SA1 Practice Questions - IFoA SA1 Health and Care Specialist Advanced Exam

Frequently Asked Questions

Related Questions

307 Advanced Damage Control Practice Exam

2026 Wellcare ACT Mastery Practice Exam

3CX Academy Advanced Certification Practice Exam

Archer Child Health Cardio/Respiratory Practice Exam

Arizona Caregiver Certification Practice Exam

Arizona Direct Care Worker Practice Exam