Which of the following statements is correct

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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. None of the above

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.

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Which of the following statements is correct?

Solution (By Examveda Team)

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