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Commerce · Q206

Insurance

Graduate and Post Graduate · Commerce · question 206

Q206

A standalone health insurance company is

A.
A health insurance company which has only one office throughout the country
B.
A life insurance company selling general insurance products like health insurance
C.
A general insurance company which sells only health products
Answer
D.
All of the above

Answer: Option C

Solution

Answer: Option C
Solution:
A standalone health insurance company is a general insurance company which sells only health products. Stand-alone insurance refers to an insurance product that a business or individual purchases to cover a specific risk or cost.