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Many companies prefer to cover their employees for group insurance policy. Group insurance policy is beneficial for employees, however what is the benefit for company to do so? I believe nowadays companies are not getting any fringe benefits, I may be wrong. I need to understand putting such policy in place how it will be beneficial for employee as well as company.
Benefits to employer Expenditure for group insurance is business expense and reduces tax Contributes in big way to employee morale and wins loyalty
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