Get your employees the love they deserve with Pazcare. Secure their families with the Group Term Life Insurance.
A Group Term Life Insurance Plan, as the name suggests, refers to a life insurance plan that covers a group of employees under a single policy. The premium of a group term life policy is generally borne by the company.
In case of death of an employee, the nominee of the employee gets a sum assured in the group term life policy.
Group Term Life Insurance plans provide tax benefits to employers. According to the Tax Laws, under Section 10(10D) of the IT Act, 1961, employers can claim the premium paid for group term life insurance.
Group Term Life Insurance plans provide tax benefits to employers. According to the Tax Laws, under Section 10(10D) of the Income Tax Act, 1961, employers can claim the premium paid for group term life insurance.
Employees are relieved from the hassle of going through medical check-ups under Group Term Life Insurance Plans. We don't require medical check-ups and reports to buy a group term insurance from Pazcare.
With many companies opting for a group term life insurance policy, it adds extensively to the competitive market in retaining talent. It can not only attract top-notch talent but also contribute to their retention.