Group insurance programs protect companies, employers, and financial institutions from loss due to death or disability of insured members
Group term insurance covers a group of employees in case of any of them suffer death or disability. Financial assistance is provided in the case of death or disability. God forbidden.
Group credit insurance is issued to creditors. The contract provides a guarantee that the borrower's loans will be repaid in case of the borrower's death or disability before full repayment of the outstanding loan.