Question

What characterizes employer-employee groups in group insurance?

a.

The employees bear the full cost of the insurance

b.

The employer takes out a Master Policy for the employees

c.

The employees contribute, and the employer bears part of the cost

d.

Only new employees are eligible to join the scheme

Answer: (b).The employer takes out a Master Policy for the employees Explanation:In employer-employee groups, the employer takes out a Master Policy for the benefit of their employees.

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

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