In any organization or a business establishment, the most important asset is the human resource on which depends the successful allocation, usage and processing of all other resources.
Having a specific and relevant life insurance in place is very essential and basic in nature.
Group Term Insurance is a long term beneficial contract and all the employees are eligible for it from the time of their joining till they retire.
Benefits Of Group Term Policy
- On survival to the end of the term, the sum assured and accrued bonuses are payable;
- On death during the term, the sum assured plus bonuses accrued up the date of death are payable;
- On Total and Permanent Disablement the sum assured and the bonuses accrued up to disablement are payable