Vidyalelo
Commerce · Q313

Insurance

Graduate and Post Graduate · Commerce · question 313

Q313

Which of the following statements are correct?i. The sum assured under group insurance is not fixed by the individual member.ii. A person whose proposal is declined under individual scheme can get insurance under group policy.

A.
Statement i is correct
Answer
B.
Statement ii is correct
C.
Both statements are correct
D.
None of the three

Answer: Option A

Solution

Answer: Option A
Solution:
If a person's proposal is declined under individual scheme, he cannot get insured even under the group policy. Hence, only statement A is correct.