group insurance


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group insurance:

see insuranceinsurance
or assurance,
device for indemnifying or guaranteeing an individual against loss. Reimbursement is made from a fund to which many individuals exposed to the same risk have contributed certain specified amounts, called premiums.
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Prudential Group Insurance manufactures and distributes a full range of group life, long-term and short-term disability and corporate and trust-owned life insurance in the US.
He said currently, teachers on field trips are covered but on an individual basis so this proposal for a group insurance may prove to be more reasonably priced.
In addition, Chuck Brousseau, previously Group Insurance's head of distribution, has been named the unit's chief operations officer.
Both Gillespie and Brousseau will also serve as members of the Group Insurance Strategic Leadership Team and report to PGI President Jamie Kalamarides.
Recently, however, the BIR issued Revenue Memorandum Circular (RMC) 50-2018, where it stated that premiums on health cards paid by the employer for all employees, whether rank-and-file or managerial/supervisory, under a group insurance, shall be included as part of 'other benefits' of these employees, which are subject to the P90,000 threshold.
It was acknowledged, accepted and confessed rest of the states of the world that the tenure of insurance policies was minimum 10 to maximum 20 years and after such mature policies, companies were bound to pay to the policy holders with prescribed and pre-mentioned benefit but the civil servants of government of Sindh were sustaining illegal, irrelevant, non constitutional practice and violation of International insurance laws and rules in connection of group insurance for more than four decades.
Welsh, who will report to Jim Gemus, senior vice president and head of product and business segments for Prudential Group Insurance, is responsible for successfully delivering on product portfolio vision and maximizing profitability through the creation and effective ongoing management of product offerings.
An Audit official informed the committee that in 2003, Rs 2.86 billion of Benevolent Fund and Group Insurance was invested in unofficial securities and shares whereas the Act of 1969 allowed the department to invest the amount only in government securities and shares.
He said that poor and aged pensioners are half dead while family members of deceased pensioners are being humiliated by denial of payment of their group insurance dues.
that "group insurance policies death claims are settled in favour of the
Previously he was president of Prudential's group insurance business, chairman and president of Pruco Life Insurance Co., and chief representative of Prudential Investment Management, Inc., where he oversaw the retail and institutional asset management businesses in Japan.

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