Hello,
As an HR of an IT company, I am planning to introduce a Group Life Insurance policy for all employees. Currently, our company has been offering Group Mediclaim Policy for all existing employees. Now we are planning to add one more employee benefit in our bucket of offerings for an employee.
I am in the process of reviewing two options (either of the two)-
1) Group Term Life insurance for all- this provides coverage to the policyholder against death.
2) Group Personal Accidental Insurance- this provides policyholder coverage against death and disablement(permanent, total, partial) due to any accident.
Can anyone please guide me which option would be better and why?
Which all companies have these policies for their employees?
Thanks in advance.
Regards,
Shilpi
As an HR of an IT company, I am planning to introduce a Group Life Insurance policy for all employees. Currently, our company has been offering Group Mediclaim Policy for all existing employees. Now we are planning to add one more employee benefit in our bucket of offerings for an employee.
I am in the process of reviewing two options (either of the two)-
1) Group Term Life insurance for all- this provides coverage to the policyholder against death.
2) Group Personal Accidental Insurance- this provides policyholder coverage against death and disablement(permanent, total, partial) due to any accident.
Can anyone please guide me which option would be better and why?
Which all companies have these policies for their employees?
Thanks in advance.
Regards,
Shilpi