This indicates whether the contract between a Registrable Superannuation Entity (RSE) licensee and an insurance company to provide insured benefits in respect of member coverage is on an individual basis, group basis or both.The valid enumerated values are: Individual insurance = Represents a contract between the superannuation entity and an insurance company to provide insured benefits in respect to a single member. Group insurance = Represents a contract between the superannuation entity and an insurance company to provide insured benefits in respect to a group of members. Both = Represents both individual insurance and group insurance.