group insurance - Meaning in Hindi
group insurance - Meaning in Hindi
Sorry, exact match is not available in the bilingual dictionary.
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Definitions and Meaning of group insurance in English
group insurance noun
- 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
Description
Group insurance is an insurance that covers a group of people, for example the members of a society or professional association, or the employees of a particular employer for the purpose of taking insurance. Group coverage can help reduce the problem of adverse selection by creating a pool of people eligible to purchase insurance who belong to the group for reasons other than the wish to buy insurance. Grouping individuals together allows insurance companies to give lower rates to companies, "Providing large volume of business to insurance companies gives us greater bargaining power for clients, resulting in cheaper group rates." The concept varies internationally, with distinct practices and benefits in different countries, such as Canada and India. Additionally, group insurance policies can be either compulsory or voluntary, each with specific underwriting requirements and implications for coverage and premiums.
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What is group insurance meaning in Hindi?
The word or phrase group insurance refers to 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. See group insurance meaning in Hindi, group insurance definition, translation and meaning of group insurance in Hindi. Learn and practice the pronunciation of group insurance. Find the answer of what is the meaning of group insurance in Hindi. देखें group insurance का हिन्दी मतलब, group insurance का मीनिंग, group insurance का हिन्दी अर्थ, group insurance का हिन्दी अनुवाद।
Tags for the entry "group insurance"
What is group insurance meaning in Hindi, group insurance translation in Hindi, group insurance definition, pronunciations and examples of group insurance in Hindi. group insurance का हिन्दी मीनिंग, group insurance का हिन्दी अर्थ, group insurance का हिन्दी अनुवाद