All About Group Insurance
Goup health insurance is a type of insurance that covers a group of people who are related to each other by some defined criteria i.e., Members of Society or any professional association, employees of an entity, employees working under the same employer etc. It can be life insurance, health insurance or any other type of personal insurances A Group Insurance is provided to that person, which is created by pooling the people who are related to the same profession or same association or any other defined criteria. Such a scheme has been introduced by many insurance companies to provide the requirements of many specific groups like professionals in an organization, employer-employees, etc. Objectives #1 – Providing Investment Plans to Pay off Gratuity to the Employees In the case of an organization, employees completing more than five years of service in the organization are eligible for the payment of Gratuity. In this kind of scenario, the organization has the option within the Gro...