Group insurance

low-cost insurance which covers a group of people (rather than individuals)

Group insurance is an insurance that covers a group of people, usually who are the members of societies, employees of a common employer, or professionals in a common group.Group insurance may or may not be converted to individual coverage. As group insurance gets big business for insurance company with minimum operational expenses( under one master policy issued to employer, union or any recognised group)it is usually less expensive than individual policies.
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Noun
1. insurance that is purchased by a group (such as the employees of a company) usually at a reduced rate to individual members of the group
(hypernym) insurance

Insurance coverage for a group which can usually be obtained at a cheaper rate than insurance for an individual.

B: (Matematika) asuransi grup
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