It is an insurance plan which provide coverage to a group of people under the same plan. It provides the same coverage to all the members of the group irrespective to their gender, occupation, age and also economic status. It provides standard coverage to a group of people at competitive premium rates and the member of the group gets the benefits till he/she is a part of the group.
Types: Group health insurance, group term life insurance, group personal accident life insurance, group travel insurance.
Benefits: Group health insurance plan provide wide coverage and elaborates benefits to the policy holder. The associates get customized coverage Plans in case of the different types of the group policy.