Group Insurance premium is apportioned on the basis of
no .of employees
no. of Managers
no. of supervisors
Direct wage
Answers
Answer:
Number of employees
Apportionment of cost is the method of apportioning the common cost to the other departments. Staff welfare cost should be apportioned in the ratio of number of employees working in each department.
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GROUP INSURANCE
Group insurance premium is apportioned on the basis of DIRECT WAGES.
GETTING TO KNOW MORE ABOUT GROUP INSURANCE :
* For the cause of acquiring insurance, organization insurance is coverage that covers a collection of individuals, along with individuals of an enterprise or expert association, or employees of a positive firm.
* By presenting a pool of individuals eligible to shop for coverage for motives aside from the choice to accumulate coverage, group insurance can help to mitigate the hassle of unfavorable selection.
* "Providing a good sized quantity of commercial enterprise to coverage corporations affords us higher bargaining leverage for clients, ensuing in decreased organization rates," says one individual.
Life coverage, fitness coverage, and/or different kinds of private coverage can be to be had via group insurance.