For every organization, employees are the most valuable asset, and it is natural that the employer should be concerned about their well-being. This is precisely why NLG's Group Life Insurance Plan will make sense to any organization. It is a gesture that will be appreciated, and will single out the organization as a caring and responsible employer.
Basically, it is a pooled insurance plan taken out by the employer for a group of employees. Its purpose is to provide the employees and their dependents with various financial benefits in the event of sudden disability or death.
Taking out a Group Life Insurance Plan is a concrete example of concern for employees. It definitely shows the caring attitude as an employer and develops a positive response among the employees or other group members. This leads to greater loyalty because the beneficiaries are their dependents. With its cost-effective benefits provisions, the Group Life Insurance Plan gives a high-perceived value for a comparatively low premium cost.
So many unforeseen things can happen to an employee such as:
With the National Life Group Life Insurance Plan, the employer will minimize the financial burden on the organization and/or an employee
|Benefits:||Sum Assured Payable on|
|Death by Any Cause (DAC)||Death due to any reason|
|Permanent Total Disability (Accident and Sickness)||Government Medical Board Declaration of 100% disability due to any work|
|Permanent Partial Disability (Accident & Sickness)||Government Medical Board Declaration of the degree of disability to do any work.|
|Temporary Total Disability (Accident)||Salary payable on sick leave after accidents|
|Repatriation on Death or Permanent Total Disability||Actual expenses incurred on repatriation of the body to the Native Country.|