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 can I structure a Group Insurance Policy for employees ?

Structuring a Group Health policy depends on the structure of the organization. Small organizations; i.e. those consisting less than 50 employees, will have a very different set of hierarchy than that of a large organization comprised of 10,000 employees. Depending on the homogeneity of the group members the organization may even have to purchase different […]

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10 Benefits you should customize in a Group Insurance Policy

With increasingly stressful work environments and very less activity, majority of organizations are aware of the need to cover their employees with some sort of medical and personal accident coverage. While providing a group health insurance policy an organization or association, mainly covers various health aspects, health insurance coverage, affordability, and scope of benefits. What […]

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Relevant information in group insurance proposal

Relevant information in group insurance proposal When discussing insurance, a proposal is a request to provide insurance or in other words, the form that you fill when you want to buy insurance. Relevant information What then is relevant information in the context of an insurance proposal? This refers to the facts and information that the […]

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What all benefits can be covered under a group insurance policy?

As the term itself says, a group insurance policy offers insurance cover to a group of people, which can be employers-employees, professionals, cooperative societies, and certain other sections. The benefits of group insurance policies are available to people irrespective of their age, economic background as well as profession as long as they remain the member […]

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