Glossary
Group policy
A group policy is an insurance policy which is offered by a company to more than one employee, and is usually paid for by the employer. Group policies often form the basis of an employee benefits package and can include group health insurance and group risk insurance, among others.
Group risk
Group risk insurance is a form of employee benefit offered by the employer, which can provide protection for employees should they need it, for example, group life insurance or group critical illness insurance would come under a group risk umbrella.