How is a group term policy different from an individual term insurance? Kapil Mehta answers
A group term insurance policy is a term life, which means that if somebody dies, then there is a benefit, large sum of money which is given to the nominee. But if a person survives, then nothing is given and it is a group term because it is typically issued, a company buys it for its employees or a group buys it for its members. So, it is bought by a company rather than by an individual.
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