{"id":32076,"date":"2024-04-15T08:55:36","date_gmt":"2024-04-15T08:55:36","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32076"},"modified":"2024-04-15T08:55:36","modified_gmt":"2024-04-15T08:55:36","slug":"which-of-the-following-could-be-the-basis-of-the-cover-in-a-group-policy","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-could-be-the-basis-of-the-cover-in-a-group-policy\/","title":{"rendered":"Which of the following could be the basis of the cover in a group policy?"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Height of the life insured&#8221; option2=&#8221;Age of the life insured&#8221; option3=&#8221;Size of the insured&#8217;s family&#8221; option4=&#8221;All of the above&#8221; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is D. All of the above.<\/p>\n<p>A group policy is a type of life insurance policy that is issued to a group of people, such as employees of a company or members of a club. The premium for a group policy is usually lower than the premium for an individual policy, because the risk is spread out over a larger number of people.<\/p>\n<p>The basis of the cover in a group policy can be any of the following:<\/p>\n<ul>\n<li>The height of the life insured: This is usually only used for life insurance policies that are issued to children, as it is a good indicator of their future health.<\/li>\n<li>The age of the life insured: This is the most common basis for group life insurance policies, as it is a good indicator of the risk of death.<\/li>\n<li>The size of the insured&#8217;s family: This is sometimes used as a basis for group life insurance policies, as it is a good indicator of the financial needs of the family if the life insured dies.<\/li>\n<\/ul>\n<p>In some cases, a group policy may be issued based on a combination of these factors. For example, a policy may be issued to employees of a company, with the premium being based on the employee&#8217;s age and height.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Height of the life insured&#8221; option2=&#8221;Age of the life insured&#8221; option3=&#8221;Size of the insured&#8217;s family&#8221; option4=&#8221;All of the above&#8221; correct=&#8221;option4&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[],"class_list":["post-32076","post","type-post","status-publish","format-standard","hentry","category-insurance","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which of the following could be the basis of the cover in a group policy?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-could-be-the-basis-of-the-cover-in-a-group-policy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which of the following could be the basis of the cover in a group policy?\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Height of the life insured&#8221; 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