A group policy is taken by a group owner who could be an employer, an association, a banks credit card division, where a single policy covers the entire group of individuals.
A group should consist of persons with a commonality of purpose, and the group organizer should have the mandate from a majority of the members of the group to arrange insurance on their behalf.
No group should be formed with the main purpose of availing insurance
The premium charged and benefits available should be clearly indicated in the group policy issued to individual members.
Group discounts should be passed on to individual members and premium charged should not be more than that given to the insurance company.
MODELEXAM® 
www.realsoftinfoplan.com