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प्रश्न
What do you mean by group life insurance?
What do you understand by 'Group Insurance'?
संक्षेप में उत्तर
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उत्तर
- Group insurance is a scheme that provides insurance coverage for the lives of several people under one insurance policy or contract.
- It is generally provided to employees working for one employer.
- Group life insurance is very cheap for employees. They have to pay a very small amount of premium.
- The employer can get insurance coverage for his employees at a a low cost and thereby provide security to them.
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Social Security in India
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
संबंधित प्रश्न
A voluntary payment made by an employer to an employee who retires after long and dedicated services is ______.
The National Pension Scheme seeks to provide old-age security to the citizens.
Amount of ______ is paid once in lump sum whereas ______ is paid every month.
NPS stands for ______.
What is a Provident Fund Scheme?
Why is 'Gratuity' given by an employer to an employee?
Mention any two ways by which employees get social security.
Explain any two social security measures adopted in India.
| Mr. Khanna, a manager in a public limited company, is turning sixty years of age and is about to retire from the organisation after a long and dedicated service. |
In this context answer the following:
- Name any two Acts pertaining to Mr. Khanna's retirement.
- Discuss the reasons why these two Acts need to be effected in organisations.
State any three features of Group Insurance.
