Which of the following statements is correct?

A. In group insurance, a single policy is issued covering many persons

B. In group insurance, a single policy is issued covering many persons

C. Both the statements above are correct

D. Both the statements above are wrong

Answer: Option A

Solution(By Examveda Team)

In group insurance, a single policy is issued covering many persons. Examples are holders of the same credit card, savings bank account holders of a bank or members of the same social or cultural association.