In.....insurance, schemes are offered by insurance companies to provide certain classes of individuals, the benefit of insurance coverage at moderate cost.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

In____insurance, schemes are offered by insurance companies to provide certain classes of individuals, the benefit of insurance coverage at moderate cost.

A	group insurance
B	motor insurance
C	travel insurance
D	life insurance

Explanation:

Detailed explanation-1: -A class is a group of insureds who have similar exposures and experience and are grouped together for rating purposes.

Detailed explanation-2: -Group health insurance plans provided in India are generally uniform in nature, offering the same benefits to all employees or members of the group. However, they can be customized to offer benefits by designation and profile of employees.

There is 1 question to complete.