What is Group Insurance Policy?

Group Insurance refers to the type of insurance which covers a ‘group’ of people instead of one individual. The only condition is for all members of one group to be included in a single policy is that the group’s risk should be homogeneous. The ‘Groups’ can be of two types: Formal Groups (Employer-Employee): The formal […]

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How does Free-Look and grace periods work in group insurance plans?

A group insurance policy is offered to a group of people, which can be both employer-employee and non-employer-employee. In a group insurance policy, there are two important terms that you should understand – Free Look Period – If a policyholder has bought a group insurance but is not satisfied with its term and conditions, there […]

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