group insurance


noun

life, accident, or health insurance available to a group of persons, as the employees of a company, under a single contract, usually without regard to physical condition or age of the individuals.

Origin of group insurance

First recorded in 1910–15

British Dictionary definitions for group insurance

group insurance

noun

mainly US and Canadian insurance relating to life, health, or accident and covering several persons, esp the employees of a firm, under a single contract at reduced premiums