Question

What information should be included in the policy documents for group micro-insurance contracts, according to the regulations?

a.

Only general terms and conditions

b.

Schedule showing details of individuals covered and a separate certificate for each individual

c.

Premium payment instructions

d.

Only policyholder's name and contact details

Answer: (b).Schedule showing details of individuals covered and a separate certificate for each individual Explanation:The regulations stipulate that in the case of group micro-insurance contracts, policy documents must contain a schedule showing details of individuals covered under the group, and a separate certificate with necessary details should be issued to each individual covered under the group insurance.

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Q. What information should be included in the policy documents for group micro-insurance contracts, according to the regulations?

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