Group insurance is insurance coverage that is available to a group of people who have some common association or work in company. Coverage is the same for all members of the group. Many group plans are sponsored by employers for the benefit of their employees and the immediate family members of those employees. Group plan design according to what is the requirements need it and what type of benefits employer want to give their employees. In group plan employer can choose different types of options like, Medical, Dental, Eye, Life Insurance, Disability, Long Term Disability, Group RRSP and so on.
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