Group Insurance
Group Insurance is generally provided by employers or larger organizations to their workers or staff members. This is generally included in the additional perks offered by the company. It includes coverage for Health, Life, Trauma, and Disability. The best feature of getting these insurance coverages, you can ensure that your employees do not have to pay as high as getting an individual policy.
The coverage expenses are much less than when employees purchase insurance personally. All your employees, who receive the coverage, will not have to pay anything extra from their pockets to get the benefits of this policy. Or they can also choose to deduct a part of their payroll and pay it as the policy premium.
Advantages of Group Insurance from Express Finance
- You will receive higher staff satisfaction and retention rates.
- More policyholder employees mean fewer premium expenses.
- It is the best option for employees with pre-existing medical conditions as they do not have to get additional policies for it.
- You will also receive an option to provide insurance even after the staff quits or retires from their post.