What does Noncontributory Insurance mean? Read on to discover the definition & meaning of the term Noncontributory Insurance - to help you better understand the language used in insurance policies.
Noncontributory insurance is a type of group coverage where the employer pays the entirety of the premium. The employees make no contributions to the benefit plan; hence, it is known as noncontributory.
We hope the you have a better understanding of the meaning of Noncontributory Insurance.