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WHAT IS A GROUP INSURANCE PLAN?

Understanding the importance

A group plan is an insurance plan for a group of people. The group can be the employees of a company or members of an association.

A group plan is an insurance plan for a group of people. The group can be the employees of a company or members of an association.

HOW IT HELPS YOU

Top features of Group Insurance

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    Low-cost Life Cover

    Employees/ Members can enjoy a considerable life cover at a low cost.

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    By employer, for employee

    It can be purchased by the employer for the employee.

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    Employee retention

    It helps in enhancing employee satisfaction and thus, retention.

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    Tax deductions

    When paid by the employer, they can claim tax deductions.

REASONS TO INVEST

Show your people how much you care

EXPLORE GROUP INSURANCE PLANS

Plan for their dream to become a reality

HAVE ANY DOUBTS?

FAQ’S related to Group Insurance Plans

There are two types of groups, namely, employer-employee and non-employer-employee groups. Most of the time group insurance plans are employer-employee groups. In the case of non-employee-employer groups, the members must formally assemble and engage in a common economic activity. A group formed with the intent of reaping the benefits of a group plan won’t be recognised.

No, they cannot. These groups are exclusively for individuals part of a group.

A formal group should have a minimum of 10 members, whereas an informal group should have at least 50 members.

KNOWLEDGE BYTES

All you need to know about Group Insurance!

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#Group | 12 MIN READ

What are the Advantages of Group Insurance Plans and Policy

An insurance plan that covers many individuals under one umbrella is known as a group insura...

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