Group Life Insurance policy is also a disability-related insurance policy in which a single contract covers an entire group of people. Just like Workmen’s Compensation insurance policy, the policy owner is the employer and the policy covers the employees or members of a group. And, the biggest appeal to employers and employees alike is its value for money proposition. It is a much broader cover as compared to the Workmen Compensation.
The Benefits include:
- Death (Natural or Accidental)
- Permanent Total Disability
- Temporary Total Disability
- Critical Illnesses
- Medical Expenses
Risks
Man-made Hazards
- Road accident
- Pollution
Protections
- Injury to employees of insured
- Loss of life
- Loss of property of insured
Industries
- Aerospace & Defense Goods
- Air Freight & Logistics
- Airlines
- Auto Components
- Automobiles
- Banking
- Building Products
- Chemicals
- Commercial Services & Supplies
- Construction & Engineering
- Construction Materials
- Consumer Staples
- Containers & Packaging
- Diversified Financials
- Education
- Electrical Equipment
- Energy Equipment & Services
- Health Care
- Hotels, Restaurants & Leisure
- Household Durables
- Industrial Conglomerates
- Information Technology
- Insurance
- Leisure Products
- Machinery
- Marine
- Media & Entertainment
- Metals & Mining
- Oil, Gas & Consumable Fuels
- Paper & Forest Products
- Pharmaceuticals
- Professional Services
- Real Estate
- Retailing
- Road & Rail
- Telecommunication Services
- Textiles, Apparel & Luxury Goods
- Trading Companies & Distributors
- Transportation Infrastructure
- Utilities