The coverage of the group life insurance policy is dependent upon the terms and conditions at which company has taken the policy. Here are the different types of group insurance policies which come with life insurance cover: Group Term Life Insurance: In this policy, a lump sum benefits are payable to the beneficiary in case […]
Group term life insurance policy is the policy that provides life insurance coverage to a group of people. The employers or any other group administrator can subscribe to it to cover the lives of its employees or members. The group term insurance policy provides financial support to the family members of the employee in case […]
As the name itself suggests, a group term life insurance is designed to offer life insurance to a group of people under a single policy. A group insurance is not limited to employer-employee group only because it extends to other groups like banks, NGOs, etc.; also. Here are some of the benefits of group term […]
Group term life insurance policy is a master policy taken by any organization for its employees. A life of an individual is a journey full of uncertainties. Nobody wants to face difficulties and mishaps, but sudden accidents or events affecting the life badly are in nobody’s control. Also, an individual that works and earns doesn’t […]
What are the conditions for a new employee to be covered under Group Term Life Insurance of the employer?
Most of the companies offer group term life insurance policies to their employees. The policy ensures that even after the death of the employee, his/her family’s future is secure. At the time of buying group term life insurance, the insurer takes into account all the current employees, in case, more employees join the organisation, the […]
Employees are the most valuable assets of an organization. As an employer, one may feel responsible for their well-being and the security of their respective families. In case an employee dies a natural or accidental death, it affects not only his family but is unpleasant for the organization and his colleagues as well. The best […]
Group Term Life Insurance Policy Benefits both employers and employees in multiple ways: Benefit for Employers Group term insurance helps in retention of talented employees. The premium or cost of such policy is tax deductible for the firm. Helps maintain a healthy relationship with employees and retain the preferred employer brand. It is an inexpensive […]