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which health insurance policy pays benefits only when you are hospitalized, but pays these benefits in cash which you can use for medical, nonmedical, or supplementary expenses? group of answer choices hospital indemnity interim or short-term disability income comprehensive major medical major medical expense

Respuesta :

Major Medical expense health insurance policy pays benefits only when you are hospitalized, but pays these benefits in cash which you can use for medical, nonmedical, or supplementary expenses.

What is Insurance?

  • It is a contract between an insurer and an insured for the protection of his life or property and in return sum of money is transferred.
  • Insurance is a contract under which one insurer indemnifies another insurer against losses arising from certain risks.
  • There are two parties in the contract of insurance, one party is the policyholder who buys the policy from the insurance company, and the other hand, one is the insurer or the company who sells the policy.
  • The insurer protects the property of the insured against any risk in the future.
  • There are many different types of insurance:
  1. Life insurance,
  2. health insurance,
  3. home insurance,
  4. motor insurance
  5. Cargo insurance
  6. Hull insurance
  7. and auto insurance are the most common forms of insurance.
  • The core components of most insurance policies are deductibles, insurance limits, and premiums.

To know more about Insurance refer to:

https://brainly.com/question/25855858

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