GROUP INSURANCE

Group insurance is a plan of insurance, which provides cover to a large number of individuals under a single policy called group policy. The individuals covered under group insurance policy are not parties to the contract. The contract will be between the insurer and a body that represents the group of individuals covered. This body may be the employer, who is interested in obtaining benefits for his employees through insurance. The body may be an association of individuals through whom the collective interests of the individuals are safe guarded, like a trade association.