Question

In India, for what purpose are regulatory provisions strictly prohibiting the formation of groups primarily for group insurance covers?

a.

To prevent the formation of large groups

b.

To ensure that only employers can form groups

c.

To encourage the formation of diverse groups

d.

To prevent misuse of group insurance policies

Posted under IC38 Life Insurance Agent Exam

Answer: (d).To prevent misuse of group insurance policies Explanation:Regulatory provisions in India prohibit the formation of groups primarily for the purpose of taking out group insurance covers to prevent misuse of group insurance policies.

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Q. In India, for what purpose are regulatory provisions strictly prohibiting the formation of groups primarily for group insurance covers?
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