Group Insurance Advisory
A group insurance policy is an insurance plan that provides coverage to a group of people under a single contract, typically offered by an employer, association, or organization to its members or employees.
Common Types:
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Group Health Insurance: Covers medical expenses for employees or members.
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Group Life Insurance: Provides life insurance benefits to members.
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Group Disability Insurance: Offers income protection in case of disability.
Cost-Effective:
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Premiums are usually lower compared to individual insurance because risk is spread across many people.
Simplified Enrollment:
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Members often get automatic or simplified enrollment through their employer or organization.
Benefits:
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Offers financial protection, promotes employee welfare, and helps attract and retain talent.