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प्रश्न
What do you mean by group life insurance?
What do you understand by 'Group Insurance'?
थोडक्यात 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
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
संबंधित प्रश्न
Write a short note on Social Security.
In India, social security is provided under the ______.
NPS stands for ______.
Why is 'Gratuity' given by an employer to an employee?
Distinguish between gratuity and provident fund.
Mention any two advantages of group life insurance to employees.
Explain any two social security measures adopted in India.
Explain the benefits provided by employers to employees under the Employees State Insurance Act.
| 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.
Distinguish between social insurance and social assistance
