Multiple choice

In Corporate buffer or Floater cover, families are covered with the defined sum varying from rupees ________.

  1. three lakh to ten lakh

  2. fifty thousand to eighty thousand

  3. one lakh to fifty lakh or more

  4. ten lakh to a crore or more
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The buffer cover would have a sum insured varying from rupees ten lakh to a crore or more. Amounts are drawn from the buffer, once a family’s sum insured is exhausted. However, this utilisation is usually restricted to major illness/critical illness expenses where a single hospitalisation exhausts the sum insured.

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