Advertisements
Advertisements
Questions
Mention any two advantages of group life insurance to employees.
List two benefits of group insurance to employees.
Short Answer
Advertisements
Solution
Two advantages of group life insurance to employees:
- Low Premium Cost: Employees get life insurance coverage at a much lower premium than if they bought an individual policy because the cost is shared and negotiated for the entire group.
- Financial Security for Family: It provides peace of mind by ensuring that in case of the employee’s death, their family or dependants will receive financial support.
shaalaa.com
Social Security in India
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
The National Pension Scheme seeks to provide old-age security to the citizens.
NPS stands for ______.
Briefly explain the term Pension?
What do you mean by group life insurance?
Distinguish between gratuity and provident fund.
Mention any two ways by which employees get social security.
Explain the benefits provided by employers to employees under the Maternity Benefit 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.
State any three features of Group Insurance.
Distinguish between Provident Fund and Pension.
