Stock Market India, Paisacontrol.com

In group a large number of individuals are covered under a single policy called the’ master policy’ .The insurance contract  is with  the body that  represent  the individuals  ,the employer or the association .because the contract is with the body ,that the is the policy holder .the individuals  are the  beneficiaries . The amount and term of insurance are negotiated by the policyholder and not by the individual beneficiaries .the benefits will be determined on bases that apply uniformly  to all the individuals .the premium will  be paid to the insurer  by the policyholder ,who may or may not , collect the same from the individual  concerned .if the individuals  contribute the  premium, that may  be either  full or partial .if the premium is collected from the  individual concerned by  an employer the premium may be deducted  from their salary .the group  insurance policy  does not have  a fixed  term .the terms and the coverage can be  renegotiated at the time  of renewal.
Entry into or exit from the group must be for reason other than the availability of insurance cover under the scheme.
A member who leaves the group may continue to derive benefits like Pension, from the group cover, as per the condition of the policy
The premium under a group insurance policy will change from year to year
The premium may also change according to the mortality experiences of the group