Group insurance

In group insurance , a group of people is insured against a defined risk in a joint insurance contract . The contract partner is always the policyholder and the insurance is also administered by him. A small form of group insurance is, for example, family insurance in private health insurance. Larger types of group insurance often exist within larger companies. Many entrepreneurs there take out additional pension insurance or accident insurance for their employees and take out this as group insurance. The policyholder then collects the contributions from the insured employees and pays them to the group insurer . This results in savings in administrative costs, which regularly leads to considerably lower premiums for the respective insurance than in the individual insurance.

Requirements for taking out group insurance

Certain requirements must be met to take out group insurance:

The persons to be insured must be employees of the company and thus of the contractual partner
The group of people to be insured must be selected from the entire workforce based on objective characteristics, such as age, civil status, professional position, etc.
At least 20 people per tariff type must be insured
In order for the company group tariff to be applicable, participation within the specified group must be at least 90 percent, otherwise only the discounted individual tariff is possible from 50 percent
At least 100 members must be insured for professional associations

Registration for group insurance

The policyholder, usually the employer, must register for a group insurance contract. In most cases, all persons have to be accepted due to the so-called obligation to contract.

Start of insurance in group insurance

Insurance usually begins on the first of the month following registration for group insurance. Only after this point in time is there an obligation to provide benefits for insured events. In cases where there is an obligation to contract , there are no waiting times, so that immediate insurance cover is provided.

Leaving group insurance

If a main insured leaves the group of authorized employees of a company by changing employer, the policyholder must deregister him from the group insurance contract. This means that any co-insured persons will also be excluded from the group insurance contract. Furthermore, the insurance relationship of the insured or co-insured also ends when the group insurance contract is terminated, the domicile or habitual residence is relocated to another European country, in the event of the death of the main insured , due to extraordinary termination as well as contestation or resignation by the insurer.

Deregistration from group insurance

With the consent of the policyholder, a main insured person can withdraw from the group insurance contract in whole or in part with a period of 3 months to the end of each insurance year. In addition, there is the right to extraordinary termination in the event of a premium increase provided that the deadline is met.