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

B. Statement ii is correct

C. Both statements are correct

D. None of the three

Answer: Option A

Solution(By Examveda Team)

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.