Concept:A single master policy covers all employees of a company collectively.
Explanation:When a company insures the lives of all its employees under one contract, it is known as group insurance.
The employer takes one policy for the whole staff instead of separate individual policies.
This method is economical and easier to administer.
It provides life cover for every employee included in the group.
The other options are not correct here.
Accident insurance covers accidental injuries, fleet insurance covers vehicles, and fidelity guarantee insurance protects against employee dishonesty.
Therefore, the policy described is group insurance.
Answer:D. group insurance