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NOTICE INVITING TENDER FOR GROUP TERM INSURANCE SCHEME Indian Institute of Technology Guwahati 781 039Page 1 of 9Indian Institute of Technology Guwahati (IIT Guwahati/ Institute) invites sealed Tender
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How to fill out group term insurance scheme
How to fill out group term insurance scheme
01
Check with your employer if they offer a group term insurance scheme.
02
Understand the coverage and benefits provided by the scheme.
03
Fill out the required forms with accurate information about yourself and any dependents you wish to include in the scheme.
04
Provide any necessary documentation requested by the insurance provider.
05
Review the terms and conditions of the scheme before signing up.
Who needs group term insurance scheme?
01
Employees who want to ensure financial protection for their family in the event of their untimely death.
02
Companies looking to provide an additional benefit to their employees as part of their employee benefits package.
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What is group term insurance scheme?
Group term insurance is a type of life insurance coverage provided to a group of individuals, typically employees of a company or members of an organization.
Who is required to file group term insurance scheme?
Employers or organizations offering group term insurance coverage are required to file the scheme.
How to fill out group term insurance scheme?
The scheme can be filled out by providing information on eligible employees, coverage amounts, premiums paid, and other relevant details.
What is the purpose of group term insurance scheme?
The purpose of the scheme is to provide life insurance coverage to a group of individuals at a more affordable rate than individual policies.
What information must be reported on group term insurance scheme?
Information such as employee details, coverage amounts, premiums paid, and any beneficiaries must be reported on the scheme.
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