Group Insurance



    WELCOME TO Canadian L.I.C. INC

    Group Insurance

    Group Insurance is a way for everyone in a common entity, like a workplace or business, to be protected as an entire group. Simply put, it’s working together to protect the health and safety of a group, whether they share a workspace, a job, or an organization. Not only does this type of insurance cover health problems, but it also often covers life, retirement, and dental care. It works on the idea that there is power in numbers and makes sure that everyone can get full protection. This open method means that everyone in the group, whether they are employees of a company or members of an association, can work through the complicated parts of insurance together. Group Insurance welcomes you to a shared place of safety and support, where the power of working together protects the different needs of its members.

    What is Group Insurance?

    Group Insurance is a collective insurance plan provided by employers or organizations to cover a group of individuals, typically employees.

    Hence, Group Insurance is a shared, accessible, and employer-sponsored insurance plan that covers a variety of aspects for a group of individuals.

    What does Group Insurance cover?

    Here’s a breakdown of what Group Insurance covers:

    Health Benefits:

    Life Insurance:

    Disability Insurance:

    Critical Illness Coverage:

    Travel Insurance:

    Retirement Benefits:

    Employee Assistance Programs (EAP):

    Vision and Dental Coverage:

    Understanding your Group Insurance benefits is important for your well-being. If you have specific questions about your coverage,

    What Does Group Insurance Not Cover?

    Here are some points to help you understand what Group Insurance may not cover:

    Remember, it’s necessary to carefully read and understand the terms of your specific Group Insurance policy. If you have questions or uncertainties, consider consulting with an insurance advisor for clarification.

    How Does Group Insurance in Canada Work?

    Let’s now understand how Group Insurance works:

    Employer-Sponsored Coverage:

    Coverage for a Group of People:

    Variety of Coverage Options:

    Cost Sharing:

    Automatic Enrollment:

    No Medical Exams:

    Portability Options:

    Advantages for Employers:

    Family Coverage:

    Claims Process:

    Renewable Coverage:

    Get The Best Insurance Quote From Canadian L.I.C

    Call 1 844-542-4678 to speak to our advisors.

    What types of Groups are eligible for Group Insurance?

    Group Insurance offers coverage for a collective group of individuals. Eligibility depends on various factors, making it accessible for different groups. Here are key points to understand:

    Remember, eligibility criteria may vary, and individuals should inquire with their respective groups or employers to understand the specific terms of the Group Insurance coverage available to them.

    Is Group Insurance cheap?

    Understanding insurance options is not that easy, especially for those exploring Group Insurance in Canada. In simpler terms, here’s what it means:

    So, Group Insurance is often a cost-effective option, especially for those seeking basic coverage without the hassle of individual medical exams.

    Who Needs Group Insurance In Canada?

    Wondering if Group Insurance is for you in Canada? Here are some simple pointers for a quick understanding:

    Whether you’re an employee, employer, or part of a specific group, exploring Group Insurance can offer comprehensive coverage and financial security.

    How Much Does Group Insurance Cost in Canada?

    Curious about the cost of Group Insurance in Canada? Let’s break it down in simple points for your easy understanding:

    Remember to assess your specific needs, compare quotes, and understand the terms of the Group Insurance plan before making a decision.

    Where can I buy Group Insurance in Canada?

    When seeking Group Insurance in Canada, follow these simple steps to ensure a smooth process:

    Understanding these factors helps go through Group Insurance costs effectively. For personalized insights, consult with an insurance professional.


    100% of customers recommend us!
    The Best Canadian Insurance Advisor!

    Ali Shahzad
    Ali Shahzad
    Dealt with Akansha, she was professional and quite helpful in answering all questions
    Nusrat Ahmed
    Nusrat Ahmed
    akanksha....105 great advisor one call solution solved .
    Mithun Das
    Mithun Das
    Was really nice dealing with Canadian LIC for setting up supervisa insurance for my mother. Harpreet from the customer support team was very responsive and I was able to get the things sorted out quickly.
    Chona Limoico
    Chona Limoico
    Excellent service
    Wafaa Hammoud
    Wafaa Hammoud
    highly recommend Canadian L.I.C. insurance. Very knowledgeable, friendly and helpful. I called and got help right away. The service was quick, clear and easy. Akanksha gave the best price and service by following up. Keep it up, great job.

    FAQs on Group Insurance

    Group Insurance is a type of coverage that provides benefits to a group of people, typically offered through employers, associations, or organizations.

    Group Insurance can be provided by employers, insurance brokers, professional associations, Chambers of Commerce, financial institutions, and even government programs.

    Group Insurance plans may include health, dental, life, disability, and other benefits, depending on the specific plan and the provider.

    Yes, self-employed individuals can often access Group Insurance through professional associations or by exploring plans offered by insurance brokers and financial institutions.

    In many cases, Group Insurance premiums are tax-deductible for both employers and employees. However, it’s advisable to consult with a tax professional for specific details.

    Group Insurance plans may offer some level of customization. Discuss your specific needs with the insurance provider or broker to explore available options.

    Enrollment processes vary. For employer-sponsored plans, your employer will provide details. Other options may involve contacting insurance brokers, professional associations, or online platforms directly.

    It depends on the employer and the terms of the Group Insurance plan. Some plans allow portability or conversion options, while others may not. Check with your employer or the insurance provider for specific details.

    Many Group Insurance plans offer coverage for retirees, either through continued participation or by providing options for post-retirement coverage. Check with your employer or insurance provider for retirement-specific details.

    Coordination of benefits ensures that if you have multiple insurance plans (e.g., through both spouses), the total benefits paid do not exceed the actual expenses. The primary plan pays first, and the secondary plan covers the remaining eligible expenses.

    Many Group Insurance plans allow you to include family members, such as spouses and dependent children. Check the specific eligibility criteria and coverage details with the insurance provider or employer.

    Some Group Insurance plans may have a waiting period before coverage begins. It’s essential to understand the waiting period and any associated conditions. Employers or insurance providers typically provide this information.

    Depending on the plan and the provider, you may have the option to opt out of a Group Insurance plan if you have alternative coverage. Discuss this possibility with your employer or the insurance provider.

    Changes in employment status, such as moving from full-time to part-time or vice versa, may affect your eligibility for Group Insurance. It’s crucial to inform the insurance provider or employer promptly to assess any adjustments needed.

    Group Insurance plans may have varying policies regarding pre-existing conditions. Some plans offer coverage for pre-existing conditions, while others may have waiting periods or exclusions. Review the plan details to understand its approach to pre-existing conditions.

    The frequency of reviewing or changing Group Insurance coverage can vary. Employers may offer annual enrollment periods, while other plans may allow changes due to life events. Consult with the insurance provider or employer for specific details.

    Depending on the circumstances, you may have options to continue Group Insurance coverage after leaving a job. This could involve conversion options or portability. Consult with the employer or insurance provider for details on post-employment coverage.

    Group Insurance premiums are typically determined based on factors such as the size of the group, the level of coverage chosen, and the demographic profile of the insured individuals. Employers or insurance brokers can provide specifics about premium calculations.

    Documents required for enrollment can include proof of employment, identification, and any relevant personal or family details. Check with the employer or insurance provider for a comprehensive list of required documents.

    Some Group Insurance plans offer coverage for medical services outside of Canada, while others may have limitations. Verify the extent of international coverage with the insurance provider to ensure comprehensive protection.

    To save money on Group Insurance costs in Canada, shop around for quotes from different insurers and negotiate rates. Customize coverage to meet specific group needs and consider implementing wellness programs to promote employee health. Encourage preventive care and cost-sharing options between employers and employees. Review and renew the plan annually to identify cost-saving opportunities.

    Group Insurance isn’t mandatory for all employers in Canada, but it’s often offered to attract and retain talent, with some provincial regulations possibly applying.

    Retiree Group Insurance provides health coverage for retired workers, including medical, dental, and vision care, often as part of a retirement package or through professional associations.

    Group Insurance for the self-employed offers benefits like health and dental coverage, enabling self-employed individuals to access insurance plans typically available to traditional employees.

    Group Insurance for students covers health expenses during post-secondary education, usually provided by colleges, universities, or student associations, including medical, dental, and vision care.