Question

Give two benefits of group insurance to employers.

Mention any two advantages of group life insurance to employers.

Answer 1

Two advantages of group life insurance to employers are:

1. Promotes employee loyalty and morale: By providing group life insurance, employers show concern for employees’ welfare, which can increase job satisfaction and loyalty. Employees feel more secure knowing their families will be financially protected if something happens to them.

2. Economical way to provide coverage: Group policies are generally cheaper per employee than individual policies because of the pooled risk. This allows employers to offer meaningful benefits at a lower cost.