There are two main types of life and related insurance - group and retail. Group insurance is as it says, it covers groups of people who have a characteristic in common, and often requires a little less detail from the policy holder, but may pay out less. Retail insurance will normally require more personal information and tends to be more closely tailored to personal needs.
Insurance
Beginner / Advanced
10 m
Group or retail insurance?
The decision on whether to buy a general 'group' insurance or an individually tailored 'retail' product will depend on your personal needs.