Whether group insurance policy should be taken for employees covered under the ESIC scheme? As both have quite similar benefits doesn't that lead to double cost for the organization?
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Quick Summary
This discussion explores the necessity of providing group insurance for employees who are already covered by the Employees' State Insurance Corporation (ESIC) scheme. The core question is whether offering both can lead to redundant costs for the organisation, given the similar benefits provided by each. The thread aims to clarify the value and potential overlap of these two insurance types for employees.