Question

Who is typically eligible for insurance cover in a group insurance scheme?

a.

Permanent full-time employees who are actively at work on the date they become eligible for insurance.

b.

Part-time employees who have been with the company for at least one year.

c.

Temporary employees who are on sick leave on the date they become eligible for insurance.

d.

Independent contractors hired by the employer for specific projects.

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (a).Permanent full-time employees who are actively at work on the date they become eligible for insurance. Explanation:In a group insurance scheme, typically only permanent full-time employees who are actively at work on the date they become eligible for insurance are eligible for insurance cover. This eligibility criterion ensures that the insurance coverage is provided to employees who are actively engaged in the workforce and are likely to benefit from the insurance protection. Temporary or part-time employees, as well as independent contractors, may not meet the eligibility criteria for coverage under the group insurance scheme.

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Q. Who is typically eligible for insurance cover in a group insurance scheme?
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