• Privacy Policy
  • Refund and Returns Policy
  • Term Conditions
  • My Account
Saturday, February 4, 2023
Money Blog
  • Login
  • Register
  • Home
  • Investments
  • Personal Finance
  • Stock Market
Blog
Subscribe
  • Home
  • Investments
  • Personal Finance
  • Stock Market
Money Blog
Home Blog

Group Insurance

A Concise Guide to Group Insurance and its Benefits

by Skills.Money
in Blog, Insurance
Reading Time: 3 mins read
A A

Group insurance is coverage provided to a group of people (usually more than ten members or employees), linked by a common factor such as employees of an employer, members of an association, or members of a superannuation fund.

It is a single policy that covers all members, and as they are collectively assessed as a group, cost savings and advantageous product features are generally available to all members.   Group insurance considers the characteristics of the group as a whole to determine price and eligibility and applies underwriting principles to reduce selection risk and mitigate costs.

Group insurance has several unique features which distinguish it from individual or retail insurance: automatic acceptance levels, continuation options, premium experience rebate, rate guarantees, guaranteed renewable, simplified administration, and takeover terms.

This is a Premium Content

Login if you have purchased

Membership

Get Access to all the Premium Content.
More than 100+ Articles, Mini Courses, Quizzes and Contests.
Subscribe Now
Previous Post

Public Liability Insurance

Next Post

Margin Funding

Next Post
Margin Funding

Margin Funding

Skills.Money

We Offer Premium Content in Financial Literacy through blogs, interactive micro courses, quizzes. Membership offers access to premium content and chance to win quiz contests.

Site Links

  • Privacy Policy
  • Refund and Returns Policy
  • Term Conditions
  • My Account

Our Social Media

Newsletter

© 2022 Skills.Money A Financial Literacy Initiative.

No Result
View All Result
  • Home
  • Mini Courses
    • Personal Finance
    • Investments
    • Stock Market
  • Blog
    • Economy
    • Insurance
    • Investing
    • Personal Finance
    • Taxation
  • Membership
  • My Account

© 2022 Skills.Money A Financial Literacy Initiative.

Welcome Back!

OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?