Question
a.
Employer-employee groups
b.
Professionals only
c.
Members of cooperatives exclusively
d.
Only weaker sections of society
Posted under IC 92 Actuarial Aspects of Product Development
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. Which of the following groups may be covered under group insurance policies?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What are the two types of group insurance plans?
View solution
Q. In a contributory group insurance plan, who pays the premiums?
View solution
Q. What is a significant advantage of group insurance schemes?
View solution
Q. Which condition is NOT a requirement for granting a group insurance policy?
View solution
Q. How do group insurance plans benefit individuals in terms of premiums?
View solution
Q. Why are insurers able to provide relatively low-cost group coverage?
View solution
Q. How do expense savings contribute to the affordability of group insurance?
View solution
Q. What aspect of group insurance administration helps in cost reduction?
View solution
Q. Why are sales costs lower for group insurance policies?
View solution
Q. What contributes to the lower underwriting and policy issue costs in group insurance?
View solution
Q. How does group insurance differ from individual insurance in terms of the contract?
View solution
Q. What determines the terms of insurance cover in group insurance?
View solution
Q. What document defines the terms and conditions of a group insurance contract?
View solution
Q. What is the underwriting unit in group insurance?
View solution
Q. What factor determines the amount of cover in group insurance?
View solution
Q. How are premium rates adjusted in group insurance schemes?
View solution
Q. What role does the group serve in group insurance?
View solution
Q. What is a crucial requirement regarding the formation of the group for group insurance?
View solution
Q. Why is a steady stream of new entrants important for a group insurance scheme?
View solution
Q. What purpose does the requirement of a large proportion of eligible persons joining the scheme serve?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC 92 Actuarial Aspects of Product Development? 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!