Question

A sum of money provided in an insurance policy, payable for covered services is called___________.

1) Deductible
2) Benefits
3) Dues payable
4) Premium

Answer 1

In the context of insurance policies, the sum of money provided for covered services is called Benefits.

The answer is option ⇒2

Step-by-step explanation:

Benefits are the payments made by an insurance company to the policyholder or healthcare provider for medical services covered by the policy. They can include payments for hospital stays, doctor visits, prescription medications, and other healthcare services.In the context of insurance policies, the sum of money provided for covered services is called Benefits.

The answer is option ⇒2