ENTREPRENEURSHIP

Detailed explanation-1: -Group health insurance provides coverage to a group of employees for medical expenses up to a specified sum insured amount. This insurance plan is provided by the employer and it is not limited to the employer only as it provides coverage to the employee’s dependents such as spouses, kids and parents.

Detailed explanation-2: -A non-contributory group life insurance scheme is one in which the covered members do not pay anything to get benefits of insurance cover. For instance, an employer footing the entire cost of premium for all its employees is an example of a non-contributory group life insurance plan.

Detailed explanation-3: -Group/employee health insurance policy is a type of insurance policy that covers a pre-determined group of people under one single policy. Several corporates and professional organisations provide group/employee health insurance to their employees.

Detailed explanation-4: -Improve Employee Retention. Enable Ease of Operation. Better Cost Savings. Increase Employee Satisfaction. Serves as An add on benefit. Meet Statutory Obligations. Avail Tax-Saving Advantages. Better Claim Settlement process.