Company Group benefits
What is Group Insurance?
Group insurance encompasses coverage provided to a designated group of individuals within an employment benefits framework, differing from policies acquired independently. If you've previously enrolled in health, dental, vision, or comparable insurance options through your workplace, you've engaged with the realm of group insurance.
Major types of group benefits
Group Health Insurance
Group health insurance is a policy acquired by an employer and extended to qualifying employees, along with often including coverage for their family members. It stands as a cornerstone in numerous employee benefits offerings, showcasing a company's commitment to the well-being of its staff
Group Life Insurance
Group life insurance, also referred to as wholesale or institutional life insurance, provides term coverage for a collective, typically comprising employees within a company, members of a union or association, or participants in a pension or superannuation fund. Unlike individual policies, proof of insurability for each member isn't typically required during underwriting. Instead, the underwriter assesses factors such as the group's size, turnover, and financial stability
Group Disability Insurance
Group Disability Insurance is a form of collective insurance designed to furnish consistent income replacement to a covered member in case of a qualifying disability arising from illness or injury. Typically, this coverage is provided in two main categories: short-term disability (STD) and long-term disability (LTD).