Group insurance plans facilitate the provision of numerous insurance benefits to a typical group of people at once. Groups and organisations can use these to offer effective life insurance benefits to their members or employees.
Now, you may ask why choose a group insurance plan. The primary benefit of group insurance plans is their hassle-free approach to large-scale insurance coverage. These plans are perfect for banks, societies, employers, associations, and financial institutions that provide coverage for a group of individuals who fit into a predetermined category.