The group life insurance policy is a policy purchased by a policyholder with whom the insurer negotiates the insurance conditions for the desired group. 

 

This group life insurance is a product offered to both public and private entities, chambers of commerce, cooperatives, professional associations, unions and pension operators. 

 

The insurance can be issued in both colones and dollars, under the following segmentation guidelines: 

 

Natural groups: Groups of employees belonging to the same employer and groups derived from this employer-employee group. 

Other groups: Groups that do not derive from the same employer, such as professional associations, solidarity associations, chambers of commerce and pension operators.