Meaning of the word "group insurance" in English
What does "group insurance" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
group insurance
US /ˈɡruːp ɪnˈʃʊr.əns/
UK /ˈɡruːp ɪnˈʃʊr.əns/
Noun
1.
a single policy covering a group of individuals, typically employees of a company or members of an association, providing them with benefits such as health, life, or disability coverage
Example:
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Many companies offer group insurance as part of their employee benefits package.
•
The cost of group insurance is often lower than individual policies.
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