Multiple choice

Policy which is granted only to large firms of repute and where no enquiries about the employees are made by the insurers is known as:-

  1. Positions policy

  2. Collective policy

  3. Blanket policy

  4. Floating policy
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Blanket policy covers the entire staff without showing names or positions. No enquiries about the employees are made by the insurers. Such policies are only suitable for an employer with a large staff and the organization makes adequate enquiries into the antecedents of employees. The references that the employer obtains must be available to the insurers in the event of a claim. The policy is granted only to large firms of repute.

Keep practicing — related questions