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Posted: Mon Apr 24, 2006 9:57 am Post subject: What is Group insurance? |
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| An insurance policy that provides the coverage for a number of people under one contract. Group insurance is generally applicable for the health services where the employees and sometimes their dependents are also covered through this policy. Because of the broader coverage, Group policies (life, health) are available at a cheaper rate as compared to the individual policies. |
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lakemen
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Joined: 18 May 2005
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Posted: Sat Jul 05, 2008 7:23 pm Post subject: Group Insurance |
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With G/I do the insureds get a coverage certificate, a policy with the ins. co. or have any obligations under the policy?
thank you. _________________ Register Now to have your Insurance queries solved. |
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Shebrezee
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Posted: Sun Jul 20, 2008 9:02 pm Post subject: |
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Hi Shebrezee
With Group Insurance the employer (sponsor of group plan) gets a master copy of the policy. The insureds usually just get a card and booklet explaining coverages. Some group plans do provide a certificate.
I can't think of any obligations on the part of the insureds unless they are paying part of the premium. They do have an obligation to understand the policy and whats covered, not covered and how to claim
Is that what you were looking for? _________________ I am an insurance broker from Ontario licensed for all types of insurance.
Please visit my site: www.canada-insurance-source.com |
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OntarioBroker
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Joined: 09 Jun 2008
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Location: Ontario, Canada
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Posted: Wed Oct 14, 2009 1:50 pm Post subject: about group health insurance |
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I just want to know whether we have group health insurance in Chennai. if yes where do we have it _________________ Register Now to have your Insurance queries solved. |
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sherl
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Posted: Wed Oct 14, 2009 1:52 pm Post subject: about group health insurance |
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I just want to know whether we have group health insurance in Chennai. if yes where do we have it _________________ Register Now to have your Insurance queries solved. |
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sherl
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heidrek
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Joined: 19 Oct 2009
Posts: 123
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