Read the following case and answer the questions below ABC Bank decided to obtain insurance cover for all its employees when COVID-19 started. It submitted the application for whole life and disability insurance for each permanent employee to Bantu Life. The application was accepted, and the insurance policy was finalised. According to the insurance policy, ABC Bank is required to perform, among others, the following: a. Pay an amount of R85 000 per month to the life insurer. b. Inform Bantu Life about all newly employed persons. c. Submit the required documents to Bantu Life on time The policy terms stipulate, among others, that Bantu Life must: d. Pay the amount promised in the policy per claim. e. Inform ABC Bank about annual premium adjustments f. Separately undenlvrite the cases where an employee earns more than R3 million per annum. The Chief Risk Officer of Bantu Life advised that Bantu Life must obtain insurance cover for the policy of ABC Bank. This proposal was approved by the board of Bantu Life. It signed the insurance policy which has the following terms with XYZ Insurance: 1.6 Identify any six possible benefits which Bantu Life could obtain from its policy with XYZ Insurance. (6)1.7 Identify any type of documents that are covered in policy term 0 . 1.8 Describe policy term "1" . (1) (2) . Keep 30% of the total premium received from ABC Bank. . Differentiate between the premium received from new business and the premium received from renewals. Pay 70% of the total premium received within 14 days of nalising monthly accounts. Submit a list of claims on quarterly basis 1.9 Describe policy term "g". (1)1.1 Describe the role played by ABC Bank in the insurance policy between itself and Bantu Life. (2) 1.2 Describe the role played by Bantu Life in the insurance policy between ABC Bank and itself. (2)1.4 Describe the perils covered by each insurance cover in the policy of ABC Bank and Bantu Life. (2) 1.5 Describe the type of insurance policy between Bantu Life and XYZ Insurance. (2)1.3 Describe the type of insurance policy between ABC Bank and Bantu Life. (2)