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Group life insurance is an insurance covering a group of people, usually employees of a company or members of a union or association etc. The underwriter does not look for individual proof of insurability but considers the business line/occupation of the group along with the size and turnover of the group, and the number of members of the group. Contract provisions will attempt to exclude the possibility of adverse selection. The basic concept is to provide a low cost and high benefit insurance cover to a larger cross section of people. Sometimes this benefits members who are otherwise not eligible for insurance cover.
These pages provide an overview of our Group Life Insurance. You will find information on the product how it works and how it serves the best interests of employer and employee alike.
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