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Employee retention and motivation are probably the key challenges that you face.
For every employer it's important to retain his team of existing employees. With
the influx of jobs and ample options for professionals to switch jobs, it is important
that an employer does something special so that the employees feel motivated to
work for a long tenure.
Showing concern for your employees and taking care of their two important responsibilities
which include family security and savings is vital. Your noble gesture to protect
your employees' future would surely lift their spirits and encourage them for whole-hearted
commitment towards their job.
Max New York Life presents one such solution to facilitate employee wellbeing and
retention. A single master policy for all employees, Group Term Life is the mainstay
of our employee benefit platform. This easy and convenient policy is valid for one
year and can be renewed annually. In case of death of an employee, due to natural
or accidental reasons, the entire sum assured amount is paid to the employer.
- Easy and convenient administration – one single master policy for all employees
- In case of death of an employee, due to natural or accidental reasons, the entire
sum assured amount is paid to the employer
- New members can join and outgoing members can leave the scheme at any time with
premium adjustment
- Group size of at least 25 employees. No upper limit on membership.
- Policy is valid for one year and can be renewed annually.
- Uniform or a graded cover can be provided on any basis chosen by you subject to
a maximum of three years of salary per employee.
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- Additional Protection is available through riders for Critical Illness, Accidental Death Benefits, Disability and Dismemberment.
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