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group insurance

noun
1.
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
1910-1915
1910-15
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for group insurance
  • They're based on employer-provided group insurance rates, not individual rates.
  • Withholding of group insurance premium from retirement benefit.
British Dictionary definitions for group insurance

group insurance

noun
1.
(mainly US & 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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Encyclopedia Article for group insurance

insurance provided to members of a formal group such as employees of a firm or members of an association. Group insurance is distinguished from individual insurance in which single policies are sold to one person at a time and from social insurance (e.g., unemployment insurance, social security), which is sponsored by the government.

Learn more about group insurance with a free trial on Britannica.com
Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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Word Value for group

8
11
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