Question

What distinguishes group insurance policies from individual insurance policies?

a.

Group insurance policies cover a single individual with personalized terms.

b.

Group insurance involves higher commissions to sales intermediaries.

c.

Group insurance policies provide coverage to multiple individuals under a single policy.

d.

Each member of a group insurance policy receives an individual contract.

Answer: (c).Group insurance policies provide coverage to multiple individuals under a single policy. Explanation:Group insurance policies differ from individual insurance policies by providing coverage to multiple individuals under a single policy, known as a master policy. This approach is cost-efficient and simplifies the insurance process for a large number of individuals, contrasting with individual policies where each policyholder has a separate contract.

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

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