No matter where you are in the world, one of the biggest assets of any organisations is its employees. The productivity of an employee can be influenced by an employers attitude towards reward and benefits. The productivity of a company can be influenced by key employees who's loss can create uncertainty and have a knock on effect through the organisation.
Group life insurance is a foundation of insurance protection for employees and their families, providing protection for a specific period of time and pays a benefit only if the insured dies during the covered term.
This type of insurance is typically an enhancement of a company benefits package offered by an employer. By offering group life insurance, employees tend to be more comfortable having that benefit should something happen to them. To know that a monetary amount would be paid to their family or beneficiary could help you attract and retain best talent.
Advantages to the Employer:
Advantages to the Employee:
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