Employee Benefits - Insurance Software development

What does Employee Benefits mean in Insurance?

Author - Webner
|
4:32 am
|
0 Comments
| |

Employee benefits include many types of non-wage compensation given to employees in addition to their usual wages or salaries. Employers offer insurance to their current employees in the form of a group insurance scheme, which is referred to as an employee benefit insurance plan. It could also be used to attract and retain employees in a firm. These benefits are also called fringe benefits, perquisites, or perks.

Basic health insurance, group term life insurance, prescription drug coverage, and accidental death and dismemberment policies are generally included in an employee benefits insurance plan. Other companies could provide a more comprehensive […]

Understanding Employee / Group Benefits Insurance Policies

Author - Harinder Jakhar
|
12:26 pm
|
0 Comments
| |

Employee / Group Benefits

A group health plan/insurance policy bought by an employer or by an employee organization (such as a union), or both, for its employees or participants or their dependents, is called as employee/group benefits policy.

Some of the important terms are as follows:

1) Fiduciary
A fiduciary is a person who owns a plan, means he will take care of plans so that if there is any type of loss then it should be minimal. In layman’s term, he/she can […]

Website security
Contact Us