Employee benefits are typically employer sponsored insurance plans for employees and their dependants. As there is sizeable number of insured members, the cost arrived for coverage of an individual is relatively cheaper compared to cost of an individual plan. These plans provide advantages such as waiver from medical tests, coverage of pre existing illness etc.
A few of the popular plans are:
- Group Health insurance
- Group Personal Accident insurance
- Group Travel insurance
- Group Term life insurance
- Group Gratuity plan