This insurance policy protects against burglary, robbery and other theft related damages. It compensates the insured from loss incurred due to theft. While theft includes all acts of stealing, burglary refers to illegally taking someone else's property by forcibly entering a closed premise.
Group health insurance or Group Mediclaim is a type of medical insurance that covers your employees as well as their families against unforeseen healthcare expenses. As compared to an individual health insurance plan, the premium of a Group Mediclaim Policy is much lower and more affordable.
Gratuity is a compulsory benefit to be provided to employees as per the Gratuity Act, 1972. It is a lump sum amount paid out to employees, once they are no longer a part of the company. An employee is eligible for payment of gratuity only if they fulfil the conditions specified under the Gratuity Act.
