Public and Private Health Insurance

Description: This quiz is designed to assess your knowledge of Public and Private Health Insurance.
Number of Questions: 15
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Tags: health insurance public health private health healthcare costs
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Which of the following is NOT a type of public health insurance in India?

  1. Rashtriya Swasthya Bima Yojana (RSBY)

  2. Employees' State Insurance Scheme (ESIS)

  3. Central Government Health Scheme (CGHS)

  4. Universal Health Insurance Scheme (UHIS)


Correct Option: D
Explanation:

The Universal Health Insurance Scheme (UHIS) is not a type of public health insurance in India. It is a proposal that has been discussed by the government, but it has not yet been implemented.

Which of the following is a type of private health insurance in India?

  1. Mediclaim Policy

  2. Health Insurance Policy

  3. Critical Illness Policy

  4. Personal Accident Policy


Correct Option: B
Explanation:

A Health Insurance Policy is a type of private health insurance in India. It provides coverage for hospitalization expenses, medical expenses, and other healthcare costs.

What is the main difference between public and private health insurance in India?

  1. Public health insurance is funded by the government, while private health insurance is funded by individuals or employers.

  2. Public health insurance is only available to certain groups of people, while private health insurance is available to everyone.

  3. Public health insurance provides more comprehensive coverage than private health insurance.

  4. Public health insurance is more expensive than private health insurance.


Correct Option: A
Explanation:

The main difference between public and private health insurance in India is that public health insurance is funded by the government, while private health insurance is funded by individuals or employers.

Which of the following is an advantage of public health insurance in India?

  1. It is more affordable than private health insurance.

  2. It provides more comprehensive coverage than private health insurance.

  3. It is available to everyone, regardless of their income or employment status.

  4. It is more flexible than private health insurance.


Correct Option: C
Explanation:

One of the main advantages of public health insurance in India is that it is available to everyone, regardless of their income or employment status.

Which of the following is a disadvantage of public health insurance in India?

  1. It is more expensive than private health insurance.

  2. It provides less comprehensive coverage than private health insurance.

  3. It is only available to certain groups of people.

  4. It is less flexible than private health insurance.


Correct Option: B
Explanation:

One of the main disadvantages of public health insurance in India is that it provides less comprehensive coverage than private health insurance.

Which of the following is an advantage of private health insurance in India?

  1. It is more affordable than public health insurance.

  2. It provides more comprehensive coverage than public health insurance.

  3. It is more flexible than public health insurance.

  4. It is available to everyone, regardless of their income or employment status.


Correct Option: B
Explanation:

One of the main advantages of private health insurance in India is that it provides more comprehensive coverage than public health insurance.

Which of the following is a disadvantage of private health insurance in India?

  1. It is more expensive than public health insurance.

  2. It is less comprehensive than public health insurance.

  3. It is only available to certain groups of people.

  4. It is less flexible than public health insurance.


Correct Option: A
Explanation:

One of the main disadvantages of private health insurance in India is that it is more expensive than public health insurance.

What is the role of the Insurance Regulatory and Development Authority of India (IRDAI) in regulating health insurance in India?

  1. It sets the premium rates for health insurance policies.

  2. It approves the terms and conditions of health insurance policies.

  3. It investigates complaints against health insurance companies.

  4. All of the above


Correct Option: D
Explanation:

The Insurance Regulatory and Development Authority of India (IRDAI) is responsible for regulating health insurance in India. It sets the premium rates for health insurance policies, approves the terms and conditions of health insurance policies, and investigates complaints against health insurance companies.

What is the importance of health insurance in India?

  1. It helps people to pay for medical expenses.

  2. It provides financial security in case of illness or injury.

  3. It helps to reduce the burden on the public health system.

  4. All of the above


Correct Option: D
Explanation:

Health insurance is important in India because it helps people to pay for medical expenses, provides financial security in case of illness or injury, and helps to reduce the burden on the public health system.

What are some of the challenges facing the health insurance sector in India?

  1. High premiums

  2. Lack of awareness about health insurance

  3. Fraud and abuse

  4. All of the above


Correct Option: D
Explanation:

The health insurance sector in India faces a number of challenges, including high premiums, lack of awareness about health insurance, and fraud and abuse.

What are some of the government initiatives to improve health insurance coverage in India?

  1. Ayushman Bharat Yojana

  2. National Health Protection Scheme

  3. Pradhan Mantri Jan Arogya Yojana

  4. All of the above


Correct Option: D
Explanation:

The government has launched a number of initiatives to improve health insurance coverage in India, including the Ayushman Bharat Yojana, the National Health Protection Scheme, and the Pradhan Mantri Jan Arogya Yojana.

What is the future of health insurance in India?

  1. The health insurance sector is expected to grow rapidly in the coming years.

  2. More people are expected to get health insurance coverage.

  3. The government is expected to play a more active role in regulating the health insurance sector.

  4. All of the above


Correct Option: D
Explanation:

The health insurance sector in India is expected to grow rapidly in the coming years. More people are expected to get health insurance coverage, and the government is expected to play a more active role in regulating the health insurance sector.

What are some of the key factors that affect the cost of health insurance in India?

  1. Age

  2. Gender

  3. Medical history

  4. Lifestyle

  5. All of the above


Correct Option: E
Explanation:

The cost of health insurance in India is affected by a number of factors, including age, gender, medical history, and lifestyle.

What are some of the ways to reduce the cost of health insurance in India?

  1. Choose a plan with a higher deductible

  2. Increase your co-insurance percentage

  3. Choose a plan with a lower premium

  4. All of the above


Correct Option: D
Explanation:

There are a number of ways to reduce the cost of health insurance in India, including choosing a plan with a higher deductible, increasing your co-insurance percentage, and choosing a plan with a lower premium.

What are some of the things to consider when choosing a health insurance plan in India?

  1. Your budget

  2. Your health needs

  3. The coverage provided by the plan

  4. The reputation of the insurance company

  5. All of the above


Correct Option: E
Explanation:

When choosing a health insurance plan in India, you should consider your budget, your health needs, the coverage provided by the plan, and the reputation of the insurance company.

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