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What if an employee leaves the organization after I’ve purchased Insurance?
What if an employee leaves the organization after I’ve purchased Insurance?
XPayroll avatar
Written by XPayroll
Updated over 3 years ago

When an employee leaves the organization, you get a prorated refund on the basis of the time remaining in the 1-year policy period. Example - If the annual premium for a 30-yr old member is Rs 2000, and if the employee leaves after 6 months, then you get a refund of Rs 1000.

Note - In case there are insurance claims made by the employee then no refunds are issued.


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