Group Medical Insurance for Startups Most group health insurance plans need a minimum of 20 members, but many early startups usually have only 8-10 employees. If you own a startup, you can always pick a group health insurance policy that covers both employees and their immediate family members. In doing so, you can reach the […]
How does a Group Health Insurance benefit an organization?
Group Health Insurance benefit for the organization can be summarized as follows: Motivated Employees: Employees feel obliged which inculcates the belongingness and loyalty factor amongst them. The employees feel less stressed and relaxed as far as their spouse, children, and dependent parents’ medical needs are under consideration. This gives rise to a tension-free, happy and motivated […]
What is Group Health Insurance Plans?
Group health insurance plans are a type of medical insurance package that covers a group of people, or employees working in an organization, or of a society, or of a registered residential apartment. The plan covers medical benefits for the employees (insured), their spouse, their children, and the dependent parents (if mentioned). The consolidated premium […]
Benefits of group health insurance for Indian SMEs
Group health insurance plans form one of the popular benefits among employees in India, given increasing healthcare costs. Small- and medium-sized enterprises (SMEs) in India are under pressure to offer similar benefits to retain their employees. Given that SMEs expend considerable resources on training staff, they would be keen to avoid losing their employees to […]
Why India Needs an Obamacare Clone?
The Union budget of 2016-17 is being regarded as a progressive budget from the standpoint of health insurance. Under the new scheme, the government has announced coverage of up to 1 lakh rupees per family. The premium of health insurance increased from rupees 15,000 to 20,000 and from 20,000 to 30,000 for senior citizens. Additionally, […]
10 Benefits you should customize in a Group Insurance Policy
With increasingly stressful work environments and very little activity, the majority of organizations are aware of the need to cover their employees with some sort of medical and personal accident coverage. While providing a group health insurance policy an organization or association, mainly covers various health aspects, health insurance coverage, affordability, and scope of benefits. […]
Why should startups buy Group Health Insurance?
Health insurance is one of the most important insurance covers. It’s the second most bought insurance afterlife insurance in our country. Employers always try to offer the employees to buy group health insurance, as an employee benefits package as it covers all the employees under a single master policy and is available at economical pricing. […]
Can a husband and wife be covered under group health insurance?
Group health insurance plans are the healthcare benefits offered to the group, company or all the eligible members of typically a group of employees. Most of the companies offering healthcare benefits for employees also allow them to avail cover for their dependent family members such as a spouse, dependent children, and parents. That means a […]
Who is the policyholder in group mediclaim insurance policy?
Group mediclaim insurance policies or group health insurance plans are the health insurance covers provided to all the eligible members of a group. A group can be an organization, company, or employer. Generally, employers or organizations offer health insurance benefits to their eligible employees or members. And to their dependent family members in order to […]
Is group medical insurance mandatory?
Group medical insurance plans offered by a company as the employer provide financial protection against healthcare contingencies to the employees. In some companies, the coverage extends to the families of the employees. Group medical insurance policies are attractive benefits, the employer offers to employees. Though medical insurance is one of the crucial social welfare areas, […]