Group Insurance

Many employers offer life insurance under a group plan, and sometimes pay part or all of the premium. A medical exam is usually not required for insurance purchased this way, and the insurance can be much cheaper than coverage purchased as an individual.

Group health insurance is normally employer-sponsored. This means that the employer takes responsibility for payment on a portion of health care expenses and its employees assume financial obligations for the remaining part.

Some employers will allow insurers to send agents or en rollers into their premises to offer insurance to their employees. Policies offered in this manner are different from group insurance, and you should evaluate the materials shown to you in the same way as if
you were considering a purchase of an individual policy through an agent.

This balance between the employer and employee works toward making group health insurance coverage more affordable for all parties involved. Beyond cost-effectiveness, there are other advantages to employer sponsored plans.

Benefits of a group plan also include extended care in hospitals and rehabilitation centers. Quite a large number of companies provide benefits to the family of the employees as well. However there are companies which do not offer any such plan which include medical benefits for the family members of the employees.

Types
Group insurance in many countries can be purchased through broker and you may get better rates than individual companies. These policies are not restricted to medical facilities only but provide coverage for life, business, residential and others.

*  Terrorism insurance,
*  Wage insurance,
*   Vehicle insurance,
*  Phone insurance,
*   Marine insurance,
*   Worker’s compensation,
*   weather insurance etc

Insurance