This document discusses group insurance policies. Group insurance allows a group of people, such as employees of a company, to be insured under a single master policy. It offers various types of insurance like life insurance and health insurance. There are two main classifications of group insurance - contributory schemes where both employer and employee pay premiums, and non-contributory schemes where only the employer pays. Common types of group insurance include term life, gratuity plans, and investment-linked plans. Benefits of group insurance include default coverage, easier premium payments, employee welfare benefits, and experienced fund management.