Following are the different types of Group Insurance Policies available in India: 1. Group Term Life Cover(Group Term Plan): This type of policy offers a life cover to each member (insured) working in the group (organization). While the premium is collected from the group owner, same can be deducted from the salary of the employees […]
Articles Tagged: Group Insurance Plans
How can I structure a Group Insurance Policy for employees ?
Structuring a Group Insurance policy depends on the structure of the organization. Small organizations; i.e. those consisting of less than 50 employees, will have a very different set of hierarchy than that of a large organization comprised of 10,000 employees. Depending on the homogeneity of the group members the organization may even have to purchase […]
When Relying on Insurance Covers offered by Employer is a Good Idea?
Group Insurance schemes are often looked down upon in comparison to an individual insurance policy (said to have a greater benefit of customization). It seems as if there are no probable advantages to Group Insurance schemes and one can do without them as well. But, the reality differs a bit. Group Insurance provided by any […]