Group health insurance plans, often extended by employers to their workforce, present a more budget-friendly alternative compared to individual health insurance plans. While both avenues boast distinct benefits and limitations, the cost-effectiveness of group mediclaim insurance plans stems from various factors. Risk Pooling Dynamics: A Collective Shield One of the primary reasons behind the economic […]
Group Health Insurance Plans for self-employed
Self-employment offers individuals in India the freedom and flexibility to pursue their professional aspirations. However, being self-employed also means shouldering the responsibility of securing one’s own health and financial well-being. Considering this, group health insurance policy for self-employed individuals has emerged as a valuable solution, providing comprehensive coverage and peace of mind. Therefore, this article […]
Group Health Insurance Plans for Bank Account Holders
Bank account holders in India often seek ways to secure their financial well-being and protect themselves and their families from unforeseen medical expenses. In response to this need, group health insurance has emerged as a valuable offering, providing comprehensive coverage and peace of mind. This article aims to shed light on the benefits, eligibility criteria, […]
Difference Between Insurance Policy and Consequential Loss Policy
Let us consider the example. The fire accident has the potential to not only protect the goods and machinery but also impact the projects that are ongoing and are in the pipeline of the industry. The general fire insurance policy like Standard Fire and Special Perils policy covers fire and allied perils but not the […]
What is Micro Health Insurance And its Benefits?
No doubt that the fact that major population of India is from rural areas and is more prone to illness and injuries. According to a recent statistic, the rural community in India comprises 64.61% of the total population. The health sector in such areas is still developing and limited. That’s where the specific type of […]
Advantage of Buying Student Safety Insurance Under Educational Institutions Insurance
Student Safety Insurance for Educational Institutions is a type of insurance that provides coverage for students who are injured while attending school or participating in school-related activities. This type of insurance is designed to protect educational institutions from potential lawsuits and financial losses that may result from accidents or injuries that occur on school property […]
Why cargo forwarder dealing in perishable goods, should buy insurance for cargo?
Freight cargo insurance is a type of marine insurance coverage that gives protection to cargo forwarders against potential losses to the cargo that may arise from various risks. This coverage typically applies to all modes of transportation – air, road, rail, and waterways. There are various types of coverage available insurance for perishable cargo. It […]
Including Dependent Parents in Employer Health Insurance: The Pros & Cons
Health insurance is an important necessity for every individual in the family. Especially, if you have dependent elderly parents, it is important to have employer health insurance coverage for them considering their age. They would require frequent medical attention as they age. Considering the skyrocketing healthcare inflation, having financial protection for medical emergencies is crucial. […]
Enhanced Shipment Protection: freight cargo insurance Tips for an air freight forwarder
Freight forwarders manage various aspects of the shipping process and thus play a crucial role in the shipping industry. Though freight forwarders do not own the goods that are being shipped, they can still be held legally responsible for the losses or damages to shipment. Hence, freight forwarders need to have financial protection against such […]
Difference between company health plans of private and public sector insurers
The differences between company healthcare plans and commercial and public insurers are a critical factor that significantly affects the state of employee healthcare. Profit-driven insurers in the private sector frequently place a high value on flexibility and customisation in their health plans, modifying their offers to suit the various demands of both employers and employees. […]