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

Q. What is a common feature of superannuation schemes?

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. Who typically takes out the Master Policy in creditor-debtor groups?

View solution

Q. What types of professionals may form professional groups for insurance purposes?

View solution

Q. What is an insured group scheme?

View solution

Q. Which contract pays a specified sum on the death of an individual member during the contract period?

View solution

Q. What determines the premiums charged in group insurance contracts?

View solution

Q. What characterizes a group gratuity contract?

View solution

Q. What does a group savings linked insurance contract offer to individual members?

View solution

Q. How does an insured group contract define the relationship between the insurer, group policyholder, and individual members?

View solution

Q. What distinguishes group insurance policies from individual insurance policies?

View solution

Q. Why is group insurance considered cost-efficient?

View solution

Q. What is the primary purpose of individual pure term insurance policies?

View solution

Q. What differentiates group insurance from individual insurance?

View solution