Sunday, 15 January 2012

Why Group Insurance ?

"It insures lives in large groups (normally more than 10 pax) at low rate of premium for
business corporations, labor unions, associations, etc."

The usual plans are:

Group Personal Accident
Group Hospitalization
Group Retirement Scheme
Multiple Benefits Scheme
Group Term Life

Benefits

Cost saving in employee medical expenses, death or disablement compensation
Effective budget control and financial management
Improve employee loyalty and productivity
Attract the best potential employees