Trauma Cover - Product Knowledge Flashcards
What is the primary purpose of Trauma Multi Cover?
To provide financial support in the event of serious health conditions.
True or False: Trauma Multi Cover can cover multiple conditions under one policy.
True
What are the key benefits of Trauma Multi Cover?
The key benefits include a lump sum payment upon diagnosis of a covered condition.
Fill in the blank: Trauma Multi Cover is designed to help manage the financial impact of _______.
serious health issues
How many conditions can be covered under Trauma Multi Cover?
Up to 40 specified conditions.
What type of payment is provided by Trauma Multi Cover?
A lump sum payment.
True or False: Trauma Multi Cover is only available to new customers.
False
What is the minimum age at which one can apply for Trauma Multi Cover?
The minimum age is typically 16 years.
What is an example of a condition covered by Trauma Multi Cover?
Heart attack.
What happens if the insured is diagnosed with more than one covered condition?
They may be eligible for multiple claims.
True or False: Trauma Multi Cover includes coverage for terminal illness.
False
What is the maximum benefit amount for Trauma Multi Cover?
The maximum benefit amount varies by policy.
Fill in the blank: Trauma Multi Cover provides peace of mind by ensuring financial security during _______.
health crises
What is a key feature of the claims process for Trauma Multi Cover?
Claims are typically processed quickly.
True or False: Trauma Multi Cover can be included as part of a comprehensive insurance plan.
True
What is the age limit for applying for Trauma Multi Cover?
The maximum age limit is usually 65 years.
How is the premium for Trauma Multi Cover determined?
Based on the insured’s age, health, and coverage amount.
What is the purpose of the waiting period in Trauma Multi Cover?
To prevent claims for pre-existing conditions.
Fill in the blank: Trauma Multi Cover is designed to cover _______ health conditions.
serious
What does the term ‘lump sum’ refer to in the context of Trauma Multi Cover?
A single payment made upon diagnosis.
True or False: You must have other forms of insurance to apply for Trauma Multi Cover.
False
What is one reason individuals choose Trauma Multi Cover?
To alleviate financial burdens during recovery.
Fill in the blank: Trauma Multi Cover is part of _______ insurance products.
life
What is the role of the adviser in the Trauma Multi Cover process?
To assist clients in selecting appropriate coverage.
What does ‘pre-existing condition’ mean in the context of Trauma Multi Cover?
A health issue that existed before the policy start date.
True or False: Trauma Multi Cover provides coverage for minor health conditions.
False
How can Trauma Multi Cover support mental health?
By providing financial assistance during critical health events.
What is one of the conditions that may not be covered by Trauma Multi Cover?
Cosmetic procedures.
Fill in the blank: Clients are encouraged to review their _______ regularly to ensure adequate coverage.
policy
What is the significance of the ‘cooling-off period’ in Trauma Multi Cover?
It allows clients to cancel the policy without penalty.
True or False: Trauma Multi Cover can be customized to fit individual needs.
True
What is a common reason for filing a claim under Trauma Multi Cover?
A serious illness diagnosis.
Fill in the blank: Trauma Multi Cover aims to improve _______ during health challenges.
financial stability
What type of health conditions does Trauma Multi Cover primarily focus on?
Critical and serious conditions.
What is the benefit of having Trauma Multi Cover alongside other insurance products?
Increased overall financial protection.
True or False: Trauma Multi Cover provides a payout regardless of treatment costs.
True
What is one of the eligibility requirements for Trauma Multi Cover?
Being in good health at the time of application.
Fill in the blank: Trauma Multi Cover can help with _______ costs that arise from serious illnesses.
unexpected
What is the advantage of having a lump sum payment from Trauma Multi Cover?
It can be used flexibly to cover various expenses.
True or False: Trauma Multi Cover is only available to individuals without any health conditions.
False
What factor can influence the premium rates for Trauma Multi Cover?
The applicant’s health history.
Fill in the blank: Trauma Multi Cover is often considered a _______ tool in financial planning.
crucial
What does the term ‘coverage amount’ refer to in Trauma Multi Cover?
The total sum insured under the policy.
True or False: Trauma Multi Cover guarantees coverage for all medical expenses.
False
