What is Group Insurance?
Group Insurance is insurance provided to a group of people; it provides pure protection to insured individuals for unforeseen event and losses such as:
Unlike Individual Insurance, Group Insurance provides pure protection; it does not have cash values. It provides protection for one year which may be renewed by the Company. It issues only one contract for all persons covered and over-all, is much cheaper than individual insurance.
Who can enjoy Group Insurance? Can any kind of group buy group insurance?
Can the Employees’/Members’ Dependents be covered?