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Commerce · Q52

Insurance

Graduate and Post Graduate · Commerce · question 52

Q52

A single policy covering a group of individuals, usually employees of the same company or members of the same association and their dependants is called _________

A.
Hospital Insurance
B.
Hull Insurance
C.
Group Insurance
Answer
D.
Identity theft Insurance

Answer: Option C

Solution

Answer: Option C
Solution:
A single policy covering a group of individuals, usually employees of the same company or members of the same association and their dependants is called Group Insurance. A group insurance policy gives you advantages of standardised coverage and very competitive premium rates.