The Public Liability Insurance (PLI) Act 1991 is an Indian law that was enacted to provide public liability insurance for the purpose of providing immediate relief to persons affected by accidents occurring while handling hazardous substances. In response to 1984 Bhopal Gas Tragedy, which resulted in the loss of thousands of lives, the Act was […]
Articles Tagged: group insurance policies
Types of Group Insurance Policies available in India
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 […]
Types of group insurance schemes available for SMEs
Group Insurance Schemes for SMEs Small and medium scale enterprises may have a small work setup, but when it comes to keeping the employees happy, they can achieve wonders. Often experts in their respective fields, SMEs may find loopholes at the administrative end that can be resolved by taking different types of group insurance policies. […]
Can You Buy a Group Insurance Policy for Your Group/Association?
You can buy a group insurance policy if there are members who gather together with a common purpose or engage in a common activity. Further, there are some other guidelines that should be considered to buy a group insurance policy, like: 1. Most of the group insurance policies are about the employer-employee. However, other groups […]