n NISM Certifications
NSM General NISM
Medium

Why are group policy premiums often discounted?

Practice question from IC 38 Mock Test 12 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    To encourage more participants

  2. B

    To compensate for administrative costs

  3. To reward groups for good claims experience

    Correct answer

  4. D

    To compete with other insurers

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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