Employee Benefits Insurance

An employee benefits insurance plan is a kind of insurance plan which is offered by an employer to its employees. It provides health and life coverage to its employees in the case of medical or other kinds of unforeseen emergencies. Such initiatives not just help the employees in their unfortunate events but also helps the employers to retain existing employees and attract new employees in their organisations

Moreover, these insurance plans benefit the employees and also cover their family members such as dependent children, parents, parent-in-laws and spouse. The employees get the coverage of accidental death and disability, medical emergencies and hospitalization costs, retirement and gratuity benefits among others.

Types of Employee Benefits Insurance:

• Group Personal Accident Insurance

• Group Term-Life Insurance

• Key-man Insurance

• Gratuity Insurance

• Employees Compensation Insurance applicable as per EC Act