Concept:Group insurance is an insurance policy taken to cover a group of people, such as all employees of a company, under a single plan.
Explanation:When a company insures the lives of all its employees together, it purchases one collective policy for the entire workforce.
This type of policy covers each employee as a member of the group rather than issuing separate individual policies.
Examples of such groups include workers in a firm, members of a football team, or members of a professional association.
Group insurance is usually cheaper and easier to administer because the risk is spread over many people under one master contract.
Therefore, insuring the lives of all employees collectively is called group insurance.
Answer:D. group insurance