Advertisements
Advertisements
Questions
What do you mean by group life insurance?
What do you understand by 'Group Insurance'?
Answer in Brief
Advertisements
Solution
- 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.
shaalaa.com
Social Security in India
Is there an error in this question or solution?
RELATED QUESTIONS
The National Pension Scheme seeks to provide old-age security to the citizens.
Write a short note on Social Security.
Amount of ______ is paid once in lump sum whereas ______ is paid every month.
Why is 'Gratuity' given by an employer to an employee?
Mention any two ways by which employees get social security.
Mention any two advantages of group life insurance to employees.
Explain the benefits provided by employers to employees under the Employees State Insurance Act.
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.
