Life and pension insurance policies covered by a fixed-term framework agreement with the → Insurer are referred to as group insurance. The contracting parties to the framework agreement are usually the employer or an employers’ organisation, whose interests must not be solely focused on the conclusion of the agreement. Cost benefits arising from framework agreements, on the other hand, may be passed on to the → policyholder be passed on.

One advantage of group insurance, alongside potential savings on premiums and more favourable terms, can be a simplified medical assessment.

Agreements on group insurance are predominantly concluded in the → occupational pension scheme and in the private health insurance sector.

Source reference: See the VDT publication “VDT Article Series, Part 5 | Glossary“ and the source cited there.