Q. What differentiates group insurance from individual insurance?

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Q. Why is group insurance considered cost-efficient?

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Q. What was a driving factor behind the development of group insurance?

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Q. What is the primary purpose of providing certificates of insurance to individual group members in a group life insurance scheme?

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Q. Why might an insurer impose a simple insurability condition on members joining an employer-employee group insurance scheme?

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Q. What characterizes the one-year renewable term life assurance (OYRGTA) typically used in group insurance schemes?

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Q. What happens at the end of the coverage year in a group insurance scheme using OYRGTA?

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Q. What is the primary purpose of adding riders to a base life insurance policy in a group scheme?

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Q. According to IRDA regulations, what is the maximum percentage of the basic premium that the critical illness (CI) rider premium can constitute?

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Q. Which type of additional coverage in a group life insurance scheme might offer benefits as a lump sum or over several years for total and permanent disability?

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Q. How is dependent insurance in a group life insurance scheme typically characterized in terms of coverage levels compared to the employee?

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Q. What is the primary reason employer-employee group insurance schemes can offer a Free Cover Limit (FCL) without requiring individual evidence of insurability for coverage up to a certain level?

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Q. What is one of the significant benefits of implementing a Free Cover Limit (FCL) in an employer-employee group insurance scheme?

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Q. How does the presence of a Free Cover Limit (FCL) in a group insurance scheme impact the spread of mortality risk among the insured population?

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Q. What challenge is associated with setting the Free Cover Limit (FCL) too high in an employer-employee group insurance scheme?

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Q. How does the size of an employer-employee group affect the Free Cover Limit (FCL) set by insurers?

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Q. What underwriting requirements may an insurer impose for coverage amounts exceeding the Free Cover Limit (FCL)?

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Q. What distinguishes compulsory plans from voluntary plans in employer-employee group insurance schemes?

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Q. What is a potential advantage of voluntary plans in employer-employee group insurance schemes?

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Q. What is a key characteristic of salary savings schemes for employer and employee groups in India?

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