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Affinity

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An affinity group is a group consisting of persons who assemble together with a commonality of purpose or engaging in a common economic activity.

In Insurance parlance Non-employer-employee groups like employee welfare associations, borrowers of a bank, professional associations or societies may also be treated as affinity groups provided the president/ secretary/ manager/ group organizer in his capacity as organizer of the group has an authority from majority of the members of the group to arrange insurance on their behalf.
Plan BenefitPlan Name
ABSLI Group Asset Assure Plan is a non-linked, nonparticipating plan wherein the institution/employer is the policyholder & the borrowers/employees/depositors are the members insured. Group Asset Assure