Providing life insurance coverage for a group under a single master policy
Group insurance is designed to offer life insurance to a collective under a single policy. This policy is applicable to various groups, not just employer-employee setups, but also other homogeneous groups. It provides coverage irrespective of age, gender, or profession.
Provides basic life insurance coverage to employees or group members automatically.
Employers can avail tax benefits while employees may receive tax advantages.
Premiums are deducted directly from salaries, ensuring uninterrupted coverage.
Provides financial security to employees and their families, enhancing employee retention.
Efficiently manages funds in gratuity and superannuation plans, reducing financial stress.