What is group life insurance?

" Group life insurance is typically offered as a piece of a larger employer or membership benefit package. By purchasing coverage through a provider on a 'wholesale' basis for its members, the coverage costs each individual worker/member much less than the purchase of an individual policy.

What are the different types of group insurance?

Common types of group insurance include health insurance, dental insurance, and life insurance. Although, there are a number of additional types of insurance that can be offered through your employer. Many supplemental insurances are extended to employees through group coverage as well. These can include:

What is a group insurance policy?

Many insurance companies have introduced such a scheme to provide the requirements of many specific groups like professionals in an organization, employer-employees, etc. The group insurance policy is a single policy taken for a group of people who are related to each other as the defined criteria in the terms and conditions of the cover.