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Doctors Medicines MCQs Q&A

  1. Perils are medical factors which influence the risk of dying and hazards are lifestyle activities which influence the risk of dying
  2. Perils are risks that policyholders will die before a specified date and hazards are factors which could influence that risk
  3. Perils are factors which affect the risk being insured and hazards are the size of the risk being insured
  4. Perils are factors which could influence an insured event occurring and hazards are the actual events which will trigger a payout
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Answer: Option 2

Perils are risks that policyholders will die before a specified date and hazards are factors which could influence that risk. Perils are factors which affect the risk being insured and hazards are the size of the risk being insured.

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Related Questions

Directions : Following question consists of a statement followed by four arguments I, II, III and IV. You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument. Statement : Should there be reservation of jobs in the organizations in the private sector also as in the public sector undertakings in India Arguments : I. Yes. This would give more opportunities of development to the weaker sections of the society and thus help reduce the gap between the affluent and the downtrodden in India. II. No. The private sector does not get any government assistance and therefore they should not be saddled with such policies. III. No. Nowhere else in the world such a practice is being followed. IV. No. The management of the private sector undertaking would not agree to such compulsions.?
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