Question
a.
To delay the eligibility of new employees for insurance coverage.
b.
To allow time for the insurer to evaluate the health status of new employees.
c.
To provide a grace period for premium payments.
d.
To ensure that new employees are committed to the scheme before joining.
Posted under IC 92 Actuarial Aspects of Product Development
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Q. What is the purpose of a waiting period in a group insurance scheme?
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