Employee Benefit Insurance
What is Employee Benefit Insurance?
Employee benefit insurance offers financial protection to employees and their families in case of unforeseen events. It also helps businesses comply with legal requirements.
Types of Employee Benefit Insurance:
Employee’s Compensation Insurance
- Covers legal liabilities of employers under the Employee’s Compensation Act.
- Provides compensation for work-related injuries or deaths.
- Offers benefits like medical expenses, disability payments, and survivor benefits.
Group Health Insurance
- Offers healthcare coverage to employees and their dependents.
- Includes hospitalization, medical treatment, and preventive care.
- Provides financial protection against high medical costs.
Group Personal Accident Insurance
- Provides financial compensation for accidental death or disability.
- Offers coverage for financial security for members, school / education institutions for students, associations / housing societies / members of association.