What do you mean by employer employee insurance?

The employer employee insurance policy is taken by the employer on the life of his employees. It is not only an insurance product but an arrangement. The basis of this arrangement is that the employer has an insurable interest in his employees. This insurance policy acts as an encouragement for the employee to continue with […]

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How to minimise cost for employee group insurance policy

Nowadays most of the organisations offer group insurance policies to their employees. Group insurance policies like group health insurance, group term insurance, etc.; are some of the policies which are offered to employees. On the one hand, these insurance policies bolster the morale of employees, on the other, these are an added cost to the […]

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What is the importance of group personal accident insurance for employees?

Considering the rise in the number of accidents, many organisations offer group personal accident insurance to their employees. Companies either offer it at free of cost or charge nominal premium rates. A group personal accident insurance is important for employees because of the following reasons= Gives financial security to family= The policy makes a payout […]

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What are features available for group health insurance for employees?

Medical and hospitalization expenses of the employees are covered by the group health insurance policy. Employees are the most valuable assets of a company and employers try their best to secure employee satisfaction in the form of various facilities. Group health insurance policy is one of the facilities provided by the employer. Also, due to […]

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What is deductible under employee group insurance policy

Many companies purchase employee group insurance policies for their employees. These insurance policies act as a major motivator and help in attracting a talented workforce. In most of the employee group insurance policy, there is a deductible clause. As per this clause, the employee will pay a specific monetary limit and then only after that […]

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What does Pregnancy Exclusion Clause in a Group Personal Accident Policy?

A group personal accident policy covers the employees of the organization against disability or death while in the service period. Most of the organizations secure their employees with this policy as employees form a vital part of any business. A group personal accident policy can be customized according to the group size, whether the group […]

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What is Force Majeure in Group Gratuity Schemes, when does it apply?

The concept of Force majeure excuses one or all of the parties from liabilities and obligations under a group gratuity insurance policy. A force majeure situation arises when there has been: An occurrence of extraordinary events An occurrence of specified event Occurrence of events which are beyond parties’ control A force majeure condition means that […]

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