T The employer can reward his chosen employees by way of taking policies under this scheme whereas other benefits like group insurance , medi-claim insurance, increase in wages have to be given to all employees due to various statutory reasons.
The employees will remain longer with the employer because the benefits of
employer-employee scheme may not be available with other employer.
The insurance benefits will lead to increase in loyalty towards the employer
which will boost their efficiency and productivity.
The welfare nature of employer-employee insurance will enhance the image of
employer in the minds of employees, clients and other shareholders.
The premium paid by the employer shall be an expense for the employer and
should be eligible for rebate under sec 37 of the Income tax act.
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