Group & Health

Group Insurance

Group Insurance means an insurance policy that covers a group of people under a single contract, usually offered by an employer, association, or organization.

Key Points

Single Policy, Multiple Members: Instead of individual insurance, one policy provides coverage to all members of the group.

Common in Workplaces: Employers often provide group health, life, or accident insurance for their employees.

Lower Cost: Premiums are generally lower than individual policies because the risk is spread across the group.

Standardized Coverage: All members usually receive the same benefits, though some plans allow optional add-ons.

In simple terms: Group Insurance protects a group of people (like employees of a company) under one insurance policy instead of buying individual ones.