The cancellation process of a group health insurance policy can be carried out in the following ways : 1. Cancellation by policyholder/insured – If a policyholder thinks of cancelling the group health policy, a 30-day prior written notice is required to be given to the insurance company. After receiving the notice, the insurer will cancel […]
Paying Premiums for Group Mediclaim Insurance
A group medical insurance policy covers the members of a group under a single policy. Groups that are eligible to buy a group health insurance policy for their members include employer-employees, trade unions, and their members, clubs and their members, and banks and their account holders. New members are added to the group coverage either […]
How is a GMC policy renewed?
A group mediclaim insurance policy covers a group of individuals under a single plan. The insurance provider issues a master policy that contains the name of all the insured members and the sum insured. Individual health insurance plans can be taken for a consecutive period of two to three years and are renewable lifelong. However, […]
Customising your group health insurance policy
To ensure the health of your business, it is necessary to take care of your employees’ health. By offering a group medical insurance policy, you can take care of your employees’ rising medical expenses that could otherwise be a major burden on their finances. Often, organizations review the background of insurers and the policy but […]