Why a group insurance policy is ideal?

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Why a group insurance policy is ideal?
In a group insurance plan, all the members of a
pre-existing group are provided uniform or
graded cover through a single policy issued by
the insurers. Employees of a particular firm or
members of a cooperative society or customers of
a particular bank are regarded as a group for
providing insurance cover. These days critical
illness riders are also demanded by the employee-
employer groups. The non-life insurers provide
group health insurance schemes under which the
premium per individual is far less than what one
would pay individually. The individuals
contribution to the scheme is through some
system already in place. Generally, term
insurance schemes are offered to the eligible
groups.