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What is the difference between group and individual insurance?

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27th Feb 2011 by admint

Group insurance is a coverage purchased by the company for its employees and underwriters underwrite the risks involved by grouping the individuals and set rates based on the group of individuals as a whole. While individual life coverage is purchased by individuals and underwriting is based on his/her lifestyle, habits, occupation and health factors.

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10th Nov 2009 In Insurance 1 Answers | 1168 Views
Subjects: group insurance, individual insurance,

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