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Questions
Mention any two advantages of group life insurance to employees.
List two benefits of group insurance to employees.
Short Answer
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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.
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Social Security in India
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