Question

What criteria must a proposed "Group" fall under to avail of group discounts and other benefits?

a.

Must include a specific number of employees

b.

Must be a co-operative society

c.

Must be a registered service club

d.

Must be categorized under specific groups like employer-employee relationships, co-operative societies, service clubs, or credit card holders

Answer: (d).Must be categorized under specific groups like employer-employee relationships, co-operative societies, service clubs, or credit card holders Explanation:A proposed "Group" must fall under specific categories like employer-employee relationships, co-operative societies, service clubs, or credit card holders to avail of group discounts and other benefits.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What criteria must a proposed "Group" fall under to avail of group discounts and other benefits?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What does a family package cover in a personal accident policy typically include?

Q. What is the general age limit for the working population (employer-employee) in personal accident insurance?

Q. In personal accident insurance, what does the term "Risk group I" typically represent?

Q. What is one of the primary underwriting considerations for personal accident insurance?

Q. Among foreign countries, which countries typically have the highest premium rates for overseas travel insurance?

Q. What is one important factor that affects the premium rate for overseas travel insurance?

Q. What is one purpose of group health insurance underwriting?

Q. What is one of the factors considered when underwriting non-employer employee groups for health insurance?

Q. In group health insurance, what does the term "group size" refer to?

Q. What is one of the important factors considered when underwriting group health insurance?

Q. How does zone-wise premium affect insurance policies?

Q. What are standard exclusions in insurance policies?

Q. What is the purpose of a "Counter offer" in underwriting?

Q. What is the final step in the underwriting process?

Q. What is the Numerical rating method in underwriting?

Q. How does non-medical underwriting differ from medical underwriting in terms of speed and premiums?

Q. What is the primary basis for determining premium rates and sum assured in non-medical underwriting?

Q. What may be required for persons above the age of 45-50 years enrolling for health insurance for the first time?

Q. What conditions should be carefully considered in medical underwriting due to their high probability of future hospitalization?

Q. What is medical underwriting in health insurance?

Recommended Subjects

Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!