group insurance

noun
  1. life, accident, or health insurance available to a group of persons, as the employees of a company, under a single contract, usually without regard to physical condition or age of the individuals.

Origin of group insurance

First recorded in 1910–15
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for group insurance

group insurance

noun
  1. mainly 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 & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012