Group Insurance plans cover a group of people with a single insurance policy. These plans can be bought by organizations for providing cover to their members. The members covered under the single insurance policy are collectively referred to as a ‘Group’.
Groups can be of two types:
Formal Groups (Employer-Employee)
These groups include members of professional organizations, companies, etc. Here, the employer buys the insurance plan that covers the members of the organization.
As an employer, your employees are your most important asset. You would want to make sure that you attract the best talent to your organization and retain your employees in today’s fast-paced work environment. In order to achieve this, it is important to offer your employees the benefits that show your appreciation for their loyalty and commitment.
With our Group Insurance Plans, we present unique employee retention tools that fulfil the protection and saving needs of your employees. These plans help you offer financial security to your employees and their loved ones. They also help them take care of their post-retirement needs. In addition, you get an opportunity to earn returns on your statutory obligations such as gratuity.