Group Life Insurance

Additional Information

Retention of employees has become an issue for a large number of organizations, these days. One of the most effective ways to do so is to have group insurance for the staff.

What is Group Insurance?

Group insurance policy, typically, means life insurance product that covers a fairly large group of people under a single contract. In a group insurance contract, the policy owner is the employer or an organization, and the policy covers employees or members of that particular organization.

Benefits of Group Insurance

Group insurance policy provides an adequate coverage against medical emergencies for you and your loved ones, irrespective of your age, gender, profession, lifestyle, and social background.

  • It Provides Tax Benefits to Employers and Employees
  • No medical checkups - This is perhaps the best benefit that group insurance policies offer. 
  • It offers huge savings to Employers. Hence, these plans make it easy for a large section of people who are unable to afford a life insurance policy. 
  • It is pocket-friendly for employees too –  the amount of insurance premium is split between the employer and the employee. 
  • It provides coverage to employees' family