Question

As per the Insurance Act what is "health insurance business"?

A Health insurance business includes contracts providing coverage exclusively for in-patient hospital expenses and does not cover out-patient treatments or travel-related expenses
B Health insurance business refers to contracts providing coverage for medical, surgical, and hospital expenses, including in-patient, out-patient, travel cover, and personal accident cover
C Health insurance business is limited to contracts that offer only personal accident cover and excludes sickness benefits and hospital expense coverage
D Health insurance business encompasses contracts that provide sickness benefits and personal accident cover but does not include medical, surgical, or travel-related expenses
E Health insurance business involves contracts for travel cover and personal accident insurance but excludes sickness and hospital expense benefits
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