Q. Why are insurers able to provide relatively low-cost group coverage?

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Q. How do expense savings contribute to the affordability of group insurance?

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Q. What aspect of group insurance administration helps in cost reduction?

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Q. Why are sales costs lower for group insurance policies?

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Q. What contributes to the lower underwriting and policy issue costs in group insurance?

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Q. How does group insurance differ from individual insurance in terms of the contract?

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Q. What determines the terms of insurance cover in group insurance?

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Q. What document defines the terms and conditions of a group insurance contract?

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Q. What is the underwriting unit in group insurance?

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Q. What factor determines the amount of cover in group insurance?

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Q. How are premium rates adjusted in group insurance schemes?

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Q. What role does the group serve in group insurance?

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Q. What is a crucial requirement regarding the formation of the group for group insurance?

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Q. Why is a steady stream of new entrants important for a group insurance scheme?

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Q. What purpose does the requirement of a large proportion of eligible persons joining the scheme serve?

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Q. What is a common feature of superannuation schemes?

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Q. What distinguishes savings-linked insurance schemes from other types of contracts?

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Q. What characterizes employer-employee groups in group insurance?

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Q. In a non-contributory scheme for employer-employee groups, what is required of eligible employees?

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Q. What is the purpose of creditor-debtor groups in group insurance?

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