Group disability insurance

Group disability insurance,

Definition of Group disability insurance:

  1. Insurance policy that provides coverage for a member of the group who is unable to work due to a disability. Coverage replaces lost income and wages for a limited period of time with a maximum income benefit of approximately 60% of earnings before disability.

Meaning of Group disability insurance & Group disability insurance Definition

Group Disability Insurance,

Group Disability Insurance:

A disability insurance program that includes natural members of the group, for example. B. Members of the company's employees or unions, associations or groups of owners. The Primary Group Disability Insurance Program is issued to the sponsor and each eligible employee receives a Master Insurance Certificate covering participants who have been lost due to illness or accident and receives a monthly salary. at most. Group disability programs usually cost less than individual programs that offer the same benefits.

Literal Meanings of Group Disability Insurance

Group:

Meanings of Group:
  1. Numerous people or things that are nearby or have been viewed or categorized.

  2. Collect or place in one or more groups.

Sentences of Group
  1. These bodies are divided into four different groups

  2. There were three wooden chairs around the dining table

Synonyms of Group

category, class, classification, grouping, set, lot, batch, bracket, type, sort, kind, variety, family, species, genus, breed, style, assemble, collect, gather together, mass

Disability:

Meanings of Disability:
  1. A physical or mental condition that limits a person's movements, senses, or activities.

Sentences of Disability
  1. Pay for equipment and vacations to improve the lives of children with physical and mental disabilities in the York area.

Synonyms of Disability

disorder, condition, dysfunction, affliction, ailment, complaint, illness, malady, disease

Insurance:

Meanings of Insurance:
  1. An exercise or arrangement under which a company or government agency guarantees compensation for a particular loss, injury, illness or death in exchange for a premium.

Synonyms of Insurance

indemnity, indemnification, protection, financial protection, security, surety, cover, defence, safeguard, safety measure, shelter, precaution, provision, preventive measure, immunity