Details of Insurance Package

What is Group Insurance?

Generally, Group Insurance would provide different insurance coverages to employees under a single policy by underwriting the insurance application based on averaging the risk of the whole group, including age, gender, duty and sum insured. Insurance premium would be calculated as one premium rate applied for everyone in the group which helps reduce insurance expense and overall premium to be lower than individual life insurance. In addition, Group Life Insurance not only has rather low premium, but the term of insurance is also appropriate for shops, private business as well as government offices that summarize operating performance annually and business owner would tend to be the premium payor for all employees as a gesture of moral support.