This insurance provides protection for a group of people connected by a particular relationship under a single policy. They are usually employees of a company or institution, members of a club, association or union, or debtors of a commercial institution (or bank). The benefits and coverage granted under group insurance include:
- Workmen's compensation insurance
- Life insurance
- Permanent total disability due to illness (without accident)
- Permanent total disability due to accident
- Permanent partial disability due to accident
- Temporary total disability due to accident
- Medical expenses due to accident
- Repatriation of remains