group insurance


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group insurance

n.
Insurance purchased by a group of persons, such as the employees of a company, often at a reduced individual rate.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

group insurance

n
(Insurance) chiefly 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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

group′ insur`ance


n.
life, accident, or health insurance available to a group of persons, as the employees of a company, under a single contract.
[1910–15]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.group insurance - 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
insurance - promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
M2 EQUITYBITES-July 30, 2019-Prudential Group Insurance declares promotion of Leston Welsh as head of Products for Prudential Group Insurance
Global Banking News-July 30, 2019-Prudential Group Insurance declares promotion of Leston Welsh as head of Products for Prudential Group Insurance
ENPNewswire-July 30, 2019--Prudential Group Insurance announces leadership changes, underscores focus on Financial Wellness strategy
Meanwhile, on proposals that group insurance be introduced for teachers, Amin said the ministry agreed with the proposal.
BANKING AND CREDIT NEWS-April 10, 2019--Prudential Group Insurance names head of distribution, head of voluntary benefits distribution
Prudential Group Insurance, a unit of Newark-based Prudential Financial Inc., on Tuesday announced shifts among its senior positions, including a promotion and new hire, in a move underscoring the company's commitment to expanding its core business and team.
THATTA -- The members of Government School Teachers Association took out a rally here on Monday against the government for not approving them time scale, group insurance and promotions.
And as so provided in RR 3-98, the cost of premiums borne by the employer for the group insurance of his employees is exempted from the imposition of fringe benefits tax.
They said Group Insurance was deducted from their monthly salaries regularly but it was paid to government employees on retirement in KP and Balochistan provinces and retired employees of Sindh were denied payment of the group insurance on their retirement and termed it discrimination, unlawful and against the spirits of Law of Equity.
BADIN -- A number of government officials of grade 1 to grade 22 were deprived of benefits of group insurance at the time of their retirement.
Fran Flood is vice president of Account Services Group Insurance, where she had worked since 2001.

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