[bishoo123]

Originally Posted by ank_kumar

How about "d.insuring only those individuals who are wealthy enough to pay for the medical services." as most of these individuals would not file a claim(as they are wealthy enough) and keep paying premium for the insurance, hence minimizing the payments by Insurance company X.

Insurance company X is considering issuing a new policy to cover services required by elderly people who suffer from disease that afflict the elderly.premiums for the policy must be low enough to attract the customers .therefore company X is concerned that the income from the policies would not be sufficient to pay for the claims that would be made .
Which of the following strategies would be most likely to minimize company X's losses on the policies ?
a.attracting middle aged customers to submit claims for benefits for many years .
b. insuring only those individuals who did not suffer from diseases as children
c.including a greater number of services in the policy than are included in other policies of lower cost
d.insuring only those individuals who are wealthy enough to pay for the medical services.

your justification seems logical & humor too......

I went with 'd'.
If they include too many services, then also they will receive more premiums. Even if ppl file claim, they would not be doing for all the services at single point of time.

Anything wrong in my approach ??

[uglyduckling]

Originally Posted by bishoo123

your justification seems logical & humor too......

I went with 'd'.
If they include too many services, then also they will receive more premiums. Even if ppl file claim, they would not be doing for all the services at single point of time.

Anything wrong in my approach ??

dude whats the solution?

[bishoo123]

Originally Posted by uglyduckling

dude whats the solution?

Ans given is "E", but is there anything wrong with my reasoning...

[uglyduckling]

Originally Posted by bishoo123

Ans given is "E", but is there anything wrong with my reasoning...

There is no option like 'E'
If you mean 'D' then i seriously doubt if that is the correct solution

[uhhh...]

Originally Posted by bishoo123

Insurance company X is considering issuing a new policy to cover services required by elderly people who suffer from disease that afflict the elderly.premiums for the policy must be low enough to attract the customers .therefore company X is concerned that the income from the policies would not be sufficient to pay for the claims that would be made .

Which of the following strategies would be most likely to minimize company X's losses on the policies ?

a.attracting middle aged customers to submit claims for benefits for many years .
b. insuring only those individuals who did not suffer from diseases as children
c.including a greater number of services in the policy than are included in other policies of lower cost
d.insuring only those individuals who are wealthy enough to pay for the medical services.

good question.. i feel like a manager already

b. (no correlation between adult and children's disease), c. (increases price) are ruled out.. d. looks good, if the company makes the process cumbersome, so that ppl dont mind paying from their pockets to save time, but as a manager i wont like this, as it affects the image / brand of the co.. so a. is the ans

[ram007]

Originally Posted by shrutz

Hey folks.
3 weeks to CAT..
VA/RC your bugbear? Ask any VA related query here...
I will do my best to answer them
I am jobless as it is
Shrutz

Edit 1: No questions like what is the superlative adjunct to the simple future that maybe used with an intransitive verb?... They don't ask that for CAT

PS: I MADE that up... so don't ask me what that means!

Edit 2: http://www.pagalguy.com/forum/263366-post175.html

See if your question is answered HERE!

hi ,

i would like to ask about one thing is there any way of memorising the words( like i have tried roots,prefix,and also noun forms) any other technique for last minute.

can u tell about the last minute strategy for VA in CAT

[ank_kumar]

Originally Posted by bishoo123

your justification seems logical & humor too......

I went with 'd'.
If they include too many services, then also they will receive more premiums. Even if ppl file claim, they would not be doing for all the services at single point of time.

Anything wrong in my approach ??

Hey Bishoo,

IMHO the main problem for the Insurance company was the low premiums and the payments of the claims. I ges only option d addresses these concerns as there would b less cases where the company would have to pay. All the other options are affecting variables which are not directly responsible or mentioned in the given situation.

P.S - Entirely my opinion. Can be horribly wrong too.

BTW u mentioned that the OA was E but there's no E in the given options. Could you please confirm.

[ank_kumar]

Originally Posted by ram007

hi ,

i would like to ask about one thing is there any way of memorising the words( like i have tried roots,prefix,and also noun forms) any other technique for last minute.

can u tell about the last minute strategy for VA in CAT

Hey,

My two cents - Learning Vocab from Word Lists would be a tedious task. Try to read a lot and pick up words as you read. Trust me, it helps. When you encounter new words note them down and google them and look for images related to them.You can also read a bit about how the image is related to the word. This will stick in your mind for a very long time. The reading habit would help you in RCs and vocab would take care of itself.

A couple of good sites for Vocab - Brainyflix , Collecting Words

[betun]

My take is option a.
Why I think d is not the answer is that wealth of the person has no legal correlation with the insurance money.A person being wealthy enough to pay for services does not mean that an insurance company can stop paying him his claim.There is no correlation between wealth and claim.Besides if a person is going to pay by himself anyway, then why buy the insurance in the first place?
The wealthy person buys insurance as an investment.He is even more unlikely than the poor person to lose out on money.

[aamer7217]

Originally Posted by bishoo123

Insurance company X is considering issuing a new policy to cover services required by elderly people who suffer from disease that afflict the elderly.premiums for the policy must be low enough to attract the customers .therefore company X is concerned that the income from the policies would not be sufficient to pay for the claims that would be made .

Which of the following strategies would be most likely to minimize company X's losses on the policies ?

a.attracting middle aged customers to submit claims for benefits for many years .
b. insuring only those individuals who did not suffer from diseases as children
c.including a greater number of services in the policy than are included in other policies of lower cost
d.insuring only those individuals who are wealthy enough to pay for the medical services.

Go with d.