Group insurance is a type of insurance coverage that provides benefits to a group of people, typically employees of a company or members of an organization. Instead of individuals purchasing their own policies, the group plan is negotiated by the employer or organization, often resulting in lower premiums and broader coverage options. This insurance can cover various needs, including health insurance, life insurance, and disability insurance. Because the risk is spread across many individuals, group insurance often offers more affordable rates compared to individual policies, making it an attractive option for both employers and employees.