Sentences with phrase «of group insurance»

A local independent agent in the Trusted Choice network can explain the costs and benefits of group insurance plans for employees.

And, that's why we present to you some relatively unknown benefits of group insurance policies.

You'll be surprised to know that the share of group insurance policies in effect in the year 2013 was 41 %.

Being a part of a group insurance plan does not mean everyone in the group is required to pay the same way.

You can also take advantage of group insurance, if you have more than one car and also a low mileage reduction for reducing your auto insurance premium.

There are many different types of group insurance benefits like life and health insurance and retirement annuities.

Some common examples of group insurance benefits are health insurance, life insurance, retirement annuities, and disability insurance.

The company offers a host of insurance products including health, savings, security and a variety of group insurance plan.

In the case of a group insurance cover provided by your company, you can opt to port the health insurance cover provided by your employer, to an individual cover.

An employee benefit insurance plan refers to insurance offered by employers to their current employees in the form of a group insurance program.

You can choose from our range of group insurance, joint insurance, and term insurance plans, as well as opt for our policies focused on women and children.

I would love to say that the health insurance agent also works best for the benefit of the actual coordinators of a group insurance coverage.

Have you heard about the concept of group insurance?

The prime objective of group insurance policies is to offer coverage at lesser premiums to people who are unable to afford individual life cover.

Even though the cost is being borne by the employee, any claim will affect the premium amount of the group insurance.

The easiest part of a group insurance is that you would need to fill out only one form for a group of travelers.

You may say that you do not need group auto insurance because your individual insurance plan has everything covered, but it might do you good to go over the advantages of group insurance.

Some common examples of group insurance benefits are health insurance, life insurance, retirement annuities, and disability insurance.

Lower premium isn't the only benefit of a group insurance program.

The company has been told to issue death claim cheques directly in favour of the nominee or beneficiary of the deceased member of a group insurance scheme.

The company has been asked to issue death claim cheques directly in favour of the nominee or beneficiary of the deceased member of a group insurance scheme.

In today's time, most of the group insurance schemes offered by various insurers are covered under Employee Provident Fund Organization (EPFO), which mandate the employers to provide insurance to the employees under Miscellaneous Provision Act, 1952.

If your health suddenly declines, the cost of group insurance might be less than from a private insurer.

The regulator, which had examined 34 charges on a variety of aspects related to business, said the company had violated many norms, including not settling «huge» number of claims in respect of the group insurance schemes, continuation of corporate agency even after expiry of licence, use of unlicensed entities for procuring business and distribution of gift vouchers procured from Big Bazar, one of the group companies.

Recently, SBI Life Insurance had planned to appeal to Irda against the latter's directive to refund Rs 275.29 crore to beneficiaries of group insurance schemes.

As defined in the rules of the Group Insurance Scheme under administration or Group Policyholder

Memberships of companies and organizations tend to grow because of group insurance because its premium rates are attractive to future employees and members.

«For this purpose [distribution], recalculate the premium chargeable for each member of each Group Insurance Scheme of the Life insurer without taking into consideration 20 per cent of premium that is paid to Master Policy Holders,» Insurance Regulatory Authority of India (Irda) said in its directive.

The Legal Aid, Sentencing and Punishment of Offenders Bill provides a much - needed opportunity to mend our broken compensation system to ensure a better deal for genuine claimants, taxpayers, local authorities, the NHS and businesses alike» Matthew Davis, Head of Group Insurance, Home Retail Group (whose brands include Argos), said: «Managing our business costs is crucial to ensuring that we remain the UK's leading home and general merchandise retailer.

McMillan has responsibility for all aspects of our group insurance business including claims services, customer support, premium administration, sales, actuarial, underwriting and The Standard Life Insurance Company of New York.

Portability A characteristic of group insurance in which the employee or group member can continue the insurance coverage even if he or she terminates employment or leaves the group.

What Are the Advantages of Group Insurance Over Individual Insurance?

It is also offering a wide gamut of group insurance products ranging from credit life, term to employee liability (gratuity and leave encashment) plans.

Among those advantages are things such as guaranteed acceptance life and health insurance, discounts on many different lines of coverage, and the availability of group insurance through membership in AARP.

Another Rs 25 lakh penalty was imposed since Irda said the procedure adopted in issuing cheques favouring the Master Policy Holder was in violation of its group insurance guidelines.

This order has already been appealed against but it puts the spotlight on the practice of lenders to club sales of group insurance policies with their loans and the pricing of such policies.

Now that we have dissected the limitations of a group insurance plan, it is time to factor in the top - up or super top - up plan and where it comes into the equation.

The advent of the service sector, especially the IT sector contributed to the growth of group insurance and presently the number of health insurance in India has become more than double of the number of policies sold in the year 2003 - 04.

Enquiring in different companies will give an idea of group insurance policies and their benefits.

Group term life insurance is a part of group insurance family, to check other group insurance policies check here.

The different types of group insurance plans are as follows:

HDFC Life also has a variety of group insurance plans which cover all the members of a group under a single policy at lower rates of premiums.

Kaushal K Mishra, CEO and Managing Director of Tata AIG believes that health insurance might not be a loss making segment, if the insurance companies carefully consider the health condition of an individual and does not offer unviable premium rates in case of group insurance.

Most of the Group Insurance Plans that are available in the market are covered under the EPFO (Employee Provident Fund Organization).

A second strategy, and one that is very similar to the first one discussed, is to offer a comprehensive benefit plan with 60 % actuarial value, but the employer contributes very little to the cost of this group insurance.

``... (And) in respect of any group insurance, the death claim proceeds shall be only settled in monetary value and claim settlements shall be in accordance with the applicable regulations notified by Irda.»

Private life insurer SBI Life Insurance plans to appeal to the Insurance Regulatory and Development Authority (Irda) against the regulator's directive to refund Rs 275.29 crore to the beneficiaries of the group insurance schemes.