Group Life Assurance Policies are generally cheaper than individual policies catering to the needs of employers. These days growing number of employers provide Life Assurance to their employees combining their obligations under Laws as well as providing wider protection in order to boost the employee morale and welfare thereby achieving an increased work satisfaction and productivity. Policies can be designed with sophisticated compensation packages to attract and retain intellectual capital as well as to generate positive image.
Group Life Assurance policies can be extended to include protection against disabilities due to Personal Accident or Critical Illness or benefits in respect of repatriation or any other benefits on need basis.
Stand alone Personal Accident and disability policies can be designed with flexible benefits based on the estimated number of employees with certain predetermined parameters.
Organizations can also consider Key-man Insurance on Business partners or Key personnel against the financial difficulties in the event of their untimely death or disability.
Commercial Travelers or senior employees are exposed to the risk being kidnapped whilst they are on travel or in their place of work. Dealing with Kidnap and Ransom can be devastating experience besides serious financial implications and this can be insured against ransom or expenses incurred on negotiations or settlements or hiring security etc., Tailor made Kidnap and Ransom Policies would relieve organizations from dealing with the trauma of senior employee being kidnapped.