<section class="blog">
<div class="blog-content">
<p>A group of people can be covered using a Group Insurance Policy. Group plans are less expensive than individual policies, and the cost of insurance is significantly lower. A single master <a href="https://www.bhartiaxa.com/life-insurance" target="_blank" title="life insurance policy">life insurance policy</a> will offer insurance coverage to a group of people. Employers are obligated to provide insurance to their employees, and, as a result, they frequently give group insurance for employees. Employees' sense of loyalty can increase due to insurance coverage, which leads to increased production.</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<h2>What is Group Term Life Insurance?</h2>

<p>Every company has rules in place to ensure the well-being of its personnel. This is why they opt for <a href="https://www.bhartiaxa.com/group-plans/group-term-insurance-plan" target="_blank" title="Group Term Life Insurance">Group Term Life Insurance</a>. It provides insurance coverage to employees at reduced prices for individuals who may find obtaining individual plans difficult. The majority of <a href="https://www.bhartiaxa.com/be-smart/term/what-are-different-benefits-of-group-insurance-policies" target="_blank" title="group insurance policies">group insurance policies</a> allow you to tailor them to the unique needs of the numerous groups to whom they are targeted. These insurance plans are offered to all group members. Some of the different types of <a href="https://www.bhartiaxa.com/group-plans" target="_blank" title="group insurance">group insurance</a> are:</p>

<ul>
	<li><a href="https://www.bhartiaxa.com/health-plans" target="_blank" title="Health Insurance">Health Insurance</a> for Groups</li>
	<li>Group Term Life Insurance</li>
	<li>Personal accident insurance for a group</li>
	<li>Insurance for workers' compensation</li>
	<li>Public Liability Insurance</li>
	<li>Travel insurance for a group</li>
</ul>

<h2>Benefits of Group Insurance</h2>

<p>A group insurance scheme provides a variety of advantages:</p>

<h3>Coverage by Insurance</h3>

<p>Workers are automatically covered under such plans simply because they are employees. For people who cannot afford an individual <a href="https://www.bhartiaxa.com/online-insurance-plans" target="_blank" title="insurance policy">insurance policy</a>, this provides essential insurance protection.</p>

<h3>Premiums are Low</h3>

<p>In comparison to other <a href="https://www.bhartiaxa.com/life-insurance/types-of-life-insurance-policy" target="_blank" title="types of insurance">types of insurance</a> group insurance has a reduced premium. As a result, paying the premium is convenient for the employees and works in their favour. However, the premium is determined by various criteria, including the average age group, professional risks, and so on.</p>

<h3>Tax Benefits</h3>

<p>Employers and workers both profit from group <a href="https://www.bhartiaxa.com/be-smart/term/what-is-term-life-insurance" target="_blank" title="term life insurance">term life insurance</a>. According to Section 10(10D) of the Income Tax Act of 1961, death benefits are tax-free under existing tax rules. Furthermore, group insurance programs are successful in both employee welfare and retention. However, these tax laws are subject to change.</p>

<h3>Adaptable to the Demands of Employees</h3>

<p>One can include add-ons such as schooling allowance, accidental death, and more to group insurance policies to cover a wide range of benefits in addition to the standard cover.</p>

<h3>Options for Riders</h3>

<p>Employees can take advantage of extra coverages such as double accident compensation, loss of future wages, severe sickness, and more for a minimal supplemental cost in the form of riders. Most <a href="https://www.bhartiaxa.com" target="_blank" title="insurance companies ">insurance companies </a> provide all of these services. Such benefits are comparable to those offered by private insurance policies and are provided to employees. Riders are not mandatory.</p>

<h3>Payment Convenience</h3>

<p>When it comes to a group insurance scheme for employees, paying for the insurance is simple. The premium gets automatically withdrawn from the employee's income; thus, there is no delay in payment.</p>

<h3>Employee Benefits</h3>

<p>A group insurance policy is more than simply coverage for the insured. It also serves as an employee welfare plan, ensuring the covered and their dependents a secure future. It also serves as a company-wide staff retention strategy.</p>

<h2>Why Choose a Group Insurance Policies?</h2>

<p>In case of an unanticipated event, group insurance policies protect your employee's family by providing an amount to satisfy your outstanding debt. It's a simple and affordable method to provide financial security to your current services. They also allow you to budget for employee perks and guarantee that your staff receive proper gratuities and leave encashment.</p>
</div>
</section>


<p>A group of people can be covered using a Group Insurance Policy. Group plans are less expensive than individual policies, and the cost of insurance is significantly lower. A single master life insurance policy will offer insurance coverage to a group of people. Employers are obligated to provide insurance to their employees, and, as a result,</p>


Group Insurance Policy

Know About Different Benefits of Group Insurance Policies | Bharti AXA Life

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Group Insurance Policy provides life insurance coverage to all members in a group. Take a look at different benefits provided by group term insurance policy at Bharti AXA Life.

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group insurance policy, group term life insurance, group insurance scheme, group insurance scheme for employees, group insurance for employees

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What are the Different Benefits of Group Insurance Policies You Need to Know About? 

<section class="blog">
<div class="blog-content">
<p>In today's time and age, health insurance has become a need. As lifestyle diseases and infections become more prevalent, illnesses are on the rise. Medical expenditures are growing in tandem with the increased prevalence of diseases. Affording decent healthcare has become challenging in the face of growing expenses. Many people are aware of this, which is why health insurance is so popular. In reality, groups attempt to obtain a group health insurance policy for their members to benefit from inexpensive health insurance coverage.</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<h2>What is Group Health Insurance?</h2>

<p>Group <a href="https://www.bhartiaxa.com/health-plans" target="_blank" title="health insurance plans">health insurance plans</a> cover a group of people who are all members of the same organization. The Master Policy is a single policy that is issued in the name of the whole organization. The policy then covers all of the members of the group. Usually, employers provide <a href="https://www.bhartiaxa.com/group-plans" target="_blank" title="group insurance">group insurance</a>, which are single policies that cover all employees and their dependents. Employers' premiums are calculated by integrating the risk variables of the whole group.</p>

<p>Many Indian businesses provide such coverage to their staff to raise morale and increase productivity. These <a href="https://www.bhartiaxa.com/pay-premium-online" target="_blank" title="insurance premiums">insurance premiums</a> can be paid monthly, quarterly, or yearly, giving businesses flexibility in paying them. <a href="https://www.bhartiaxa.com/be-smart/tax-savings/income-tax-deduction-under-section-80c" target="_blank" title="Tax deductions">Tax deductions</a> are available under different provisions of the Income Tax Act for group health insurance. However, such provisions are subject to amendments.</p>

<h3>Employee Benefits</h3>

<h4>Organizational Support:</h4>

<p>Because the insurance is offered to all eligible members of the organisation, it is beneficial for individuals who wish to get health insurance but cannot afford the higher rates of individual policies.</p>

<h4>Automatic Insurance Coverage:</h4>

<p>To be covered under a group health insurance, one just needs to be a member of the group, which means that when you join the establishment, you are entitled to receive a default <a href="https://www.bhartiaxa.com/life-insurance" target="_blank" title="insurance coverage">insurance coverage</a> as part of your package. It is ideal for those who might otherwise be uninsured.</p>

<h4>Maternity Coverage Right from the Start:</h4>

<p>There are certain waiting periods in an individual health insurance plan that is typically waived off in group health insurance. One of the benefits of this is having maternity expenses covered since day one. Individual health insurance policies that offer maternity benefits often have a waiting period of a few years. However, such waiting period is waived off in group health insurance.</p>

<h3>Employer Benefits</h3>

<h4>Lower Premium Costs:</h4>

<p>One of the most immediate benefits to the business is that they will have to pay a lot less in premiums for group health insurance. Furthermore, like with any other product, bulk order discounts are available here.</p>

<h4>Maintaining Employee Loyalty and Improving Retention:</h4>

<p>Constantly shifting workforce is not a positive indication for any organization's success, and as a result, organisations are becoming more and more employee oriented. Group health insurance is used as a strategy to ensure employee loyalty to the firm. It aids in the retention of existing personnel, which is a positive indication for the firm.</p>

<h4>Motivates Employees:</h4>

<p>As previously said, rising medical costs can sometimes become the source of medical problems, generating stress. And because no employee can work productively when stressed, being insured by the firm tends to remove the worry from employees' thoughts in terms of medical expenditures.</p>

<h2>Wrapping Up</h2>

<p>A group health insurance policy is an excellent method to get inexpensive health insurance coverage. Before purchasing, you should learn about the many elements of group health insurance policies. Also, evaluate the different plans to choose one with the most agreeable coverage advantages at the most affordable premiums. Many <a href="https://www.bhartiaxa.com" target="_blank" title="insurance companies">insurance companies</a> offer a variety of group plans to assist employers. They trust in meeting their employee benefit liability obligations in a simple, efficient, and cost-effective manner. They assist employees in securing their family's financial independence in the event of an untimely death or <a href="https://www.bhartiaxa.com/health-plans/critical-illness-insurance" target="_blank" title="critical illness">critical illness</a>.</p>
</div>
</section>


<p>In today's time and age, health insurance has become a need. As lifestyle diseases and infections become more prevalent, illnesses are on the rise. Medical expenditures are growing in tandem with the increased prevalence of diseases. Affording decent healthcare has become challenging in the face of growing expenses. Many people are aware of this, which is why health insurance is so popular. In reality, groups attempt to obtain a group health insurance policy for their members to benefit from inexpensive health insurance coverage.</p>


Health Insurance

Group Health Insurance: Everything You Should Know About | Bharti AXA Life

Group Health Insurance is a kind of Heath Insurance which covers a group of people who are all members of the same organization. Read the article to know more.

group health insurance, group medical insurance, group mediclaim policy, group health insurance policy, group health insurance plans, health insurance

 Here's Everything You Should Know About Group Health Insurance 

<section class="blog">
<div class="blog-content">
<p>The world around is full of uncertainty and chaos. So, it is your primary responsibility to protect you families financially and emotionally. A good financial plan is necessary to do so. It acts as an emergency fund and plays a vital role in protecting your family in case of uncertainty.<a href="https://www.bhartiaxa.com/term-insurance/return-of-premium-term-plan" target="_blank" title="Term insurance with return of premium">Term insurance with return of premium</a> is one of the best plans in this regard. It is the purest <a href="https://www.bhartiaxa.com/online-insurance-plans" target="_blank" title="insurance policy">insurance policy</a> which provides coverage for emergencies.</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<h2>Term insurance with return of premium</h2>

<p>In this plan the premiums paid are returned at the term end. The remaining features are same as traditional <a href="https://www.bhartiaxa.com/term-insurance" target="_blank" title="term insurance">term insurance</a>.</p>

<h2>How does a term insurance with return of premium plan work?</h2>

<p>Everyone can avail this feature from the <a href="https://www.bhartiaxa.com/term-insurance/saral-jeevan-bima" target="_blank" title="standard term insurance  policy">standard term insurance policy</a>. The policy usually lasts for 10, 20, 30 or longer years of term. Here is how the policy works:</p>

<ul>
	<li>One pays premium periodically which helps to keep the policy in force.</li>
	<li>When the policyholder survives throughout the term all the premiums they paid get refunded at the end.</li>
	<li>But if the policy is cancelled policy holder may not receive the premiums back. This completely depends on the <a href="https://www.bhartiaxa.com" target="_blank" title="insurance company">insurance company</a> and the terms of the policy.</li>
</ul>

<h2>What is the average cost of term insurance with return of premium?</h2>

<p>Since this policy provides premium back, the average cost is normally more than a basic term insurance policy.</p>

<h2>Advantages of best term life insurance with return of premium</h2>

<ul>
	<li>The policy provides a money back guarantee.</li>
	<li>This refund premium amounts are also not taxable, as per current tax laws (which are subject to change).</li>
	<li>This acts as a savings vehicle since the premiums are returned.</li>
	<li>The policy offers a guaranteed amount (provided all due premiums have been paid and policy is in force) and is good for your family.</li>
</ul>

<h2>Differences between term insurance and term insurance with return of premium</h2>

<h3>Survival Benefits</h3>

<p>Traditional term insurance plan doesn't provide any survival benefits to the policy holder. However, TROP returns the premiums once the policy holder outlives the term given in the policy. This can be pretty helpful since this amount can be used for the retirement.</p>

<h3>Returnable</h3>

<p>When a person stops paying premium, protection is no longer available under the traditional term insurance plan. But in case of <a href="https://www.bhartiaxa.com/be-smart/term/top-reasons-to-consider-term-plan-in-mid-30s" target="_blank" title="Term Plan with return">Term Plan with return</a> option, policy holders get an option to discontinue the payment (however, this is not offered in all TROP policies). You can also select to get all the premiums paid till the date with the deductions mentioned. So, it is crucial for the policy holder to discuss about these deductions before signing for the policy.</p>

<h3>Continuous Protection</h3>

<p>In traditional term insurance policy, the policy lapses as soon as the person discontinues the payment. This states that nominees will not be eligible to receive any benefits. All the other benefits such as regular income to the family also lapses along with the policy. But in case of a term plan with return of premium the policy continues to stay in effect even if the <a href="https://www.bhartiaxa.com/pay-premium-online" target="_blank" title="premium payment">premium payment</a> is missed. But the policy benefits may get decreased.</p>

<p>It is very important to secure your family financially. Whether you choose a traditional term insurance policy or <a href="https://www.bhartiaxa.com/be-smart/term/guide-on-term-insurance-plan-with-return-of-premium" target="_blank" title="Term plan with return of premium">Term plan with return of premium</a> they provide basic coverage with lump sum pay in case of uncertainty. This amount can help the family to meet their expenses as a regular income. There are several additional Riders available which help to increase the weightage of the policy for increase in the premium amount. When a person starts early, they get different options at pocket friendly premium rates. So, starting early is the key.</p>
</div>
</section>


<p>The world around is full of uncertainty and chaos. So, it is your primary responsibility to protect you families financially and emotionally. A good financial plan is necessary to do so. It acts as an emergency fund and plays a vital role in protecting your family in case of uncertainty. Term insurance with return of premium is one of the best plans in this regard. It is the purest insurance policy which provides coverage for emergencies.</p>


Jan Suraksha Life Insurance

What is Term Plan with Return of Premium (TROP)? | Bharti AXA Life

Term insurance with return of premium (TROP) provides insurance seekers with maturity benefits on a term policy. Know the features of Term plan with return of premium here.

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What is Term Plan with Return of Premium (TROP)? Should you Buy it?

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Bharti AXA Life Jan Suraksha | Bharti AXA Life

Bharti AXA Life Jan Suraksha product is mainly meant for micro-financial institutions offering small ticket loans to the self-employed individuals. Read more!

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<p>A product mainly meant for micro-financial institutions offering small ticket loans to the self-employed individuals, NGOs or similar institutions working for development of the economically weaker sections of the society.</p>


<p>This Plan is mainly meant for micro-financial institutions offering small ticket loans to the self-employed individuals, NGOs or similar institutions working for development of the economically weaker sections of the society.</p>


Bharti AXA Life Jan Suraksha

(UIN:130N040V02)

4 Reasons to Buy

Bharti AXA Life Jan Suraksha

(UIN:130N040V02)

4 Reasons to Buy

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