group insurance

Group insurance is a type of insurance coverage provided to a group of people, typically through an employer, organization, or association. Instead of individuals purchasing their own policies, a single policy covers all members of the group. This often results in lower premiums because the risk is spread out over many people. Common types of group insurance include health, life, and disability insurance. Group insurance can offer more comprehensive benefits and easier access to coverage compared to individual policies, making it an attractive option for both employers and employees.