Seeking Recommendations for Employee Insurance Policies – What Works Best for Your Company?

Dear all,

Can anyone please suggest insurance policies for the employees in our company? It will be very helpful for me to review my work. An immediate response will be appreciated.

Thank you,
Rajitha

Hi Rajitha,

Greetings of the day!!

You can offer Group Personal Accidental Policy and Group Health Insurance Policy to employees. You can plan a Leave Encashment Policy and Gratuity Policy in LIC or anywhere to earn interest and leave encashment for the company. Additionally, you can offer superannuation plans to your employees to help them save more taxes and reduce attrition. Moreover, you can provide higher-grade employees with the option to purchase some term plans and adjust CTC accordingly.

Thank you.

Always provide details of the background of the case. Is it covered under ESI? If yes, do employees earn more than 21,000 per month? Is it your initiative?