Group Insurance

Group insurance is an insurance, where a single policy covers the entire group of people who comes together not only the purpose of insurance. The single policy is called as master policy and it will be in the name of an organization or corporate. The organization will issue child policies based on the master policy to its members. The master policy holder can be a business entity who can provide insurance cover to its customer or it can be an employer, who can provide insurance cover to its employees.

The advantage of Group policies will be affordability of premium due to the large membership in the policy as well as wider coverage and special benefits.

Different types of Group insurance policies are available, based on the requirement of insurance protection.

Group Term insurance

Group Health insurance

Group home insurance

Group shop insurance

Group personal accident policy

Group critical illness policy

Child policies or member policies, only issued to its members in the group and it cannot issue to anyone outside the group or who joined in the group only for the purpose of insurance.