An insurance pool refers to all employees who fall into an insured category. (Cost Advantage)

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An insurance pool is a group of individuals who share a common risk and are insured under a single policy. In the context of employee benefits, an insurance pool would typically include all employees who fall into an insured category, such as those who are eligible for health insurance or life insurance through their employer. By pooling together their risk, insurers are able to spread the cost of insurance across a larger group, which can result in lower premiums for individuals within the pool. This is known as a cost advantage.

An Insurance Pool Refers to All Employees Who Fall into an Insured