What is group insurance?
Group Life insurance is a single policy that allows many members of an organisation (usually an employment group) to purchase a life insurance policy with wholesale premium rates, usually with minimal or no medical underwriting and simple administration.
A group policy may include life insurance, total and permanent disability (TPD) or even group salary continuance (income protection).
Some policies allow groups as small as ten people to join, whilst others require a minimum of 200 or more.
As group insurance provides a default amount of cover, so it’s always important to understand your insurance needs to ensure you’re adequately protected.
Not sure how much cover your need? Try our Cover Calculator.