Many organisations choose to buy group health insurance policies. This refers to a master policy that the organisation usually pays premiums for, but which provides medical cover to employees. Sometimes, organisations also extend this cover to dependent relatives of the employees. In this article we cover tax deductibles in group health policies and how it […]
Relevant information in group insurance proposal
Relevant information in group insurance proposal When discussing insurance, a proposal is a request to provide insurance or in other words, the form that you fill when you want to buy insurance. Key Takeaways The Good Faith Principle: Insurance is a contract of “Utmost Good Faith.” The proposer must reveal all facts that could affect […]
Important aspects of group health insurance
Group mediclaim is a good way to ensure health insurance coverage for the members of a group at affordable premiums. The policy is easy to buy and covers all group members under a single policy. However, you should keep in mind some features of these plans before you buy them. Insurance is a technical concept […]
Group insurance schemes available for companies
Group insurance schemes available for companies Employee engagement and security are important for employee retention. In order to achieve this, employers can take care of an employee’s concerns over financial security, medical expenses, and workplace safety. To this end, there is a range of group insurance schemes available for companies. Key Takeaways Layered Financial Security: […]
How the maternity amendment bill impacts employees and employers?
In 2017, Parliament passed the Maternity Benefit Amendment Bill, which has increased the number of paid maternity leaves for working women from 12 weeks to 26 weeks. Though considered it a great move, some were apprehensive about the impact of the bill on employees and employers. Let’s understand how the maternity amendment bill has been […]
Why group mediclaim insurance is better than medical expense reimbursement
Why is group mediclaim insurance better than medical expense reimbursement? In a benefits survey that Towers Watson conducted, 46% of Asian employers felt that their employees gave the greatest importance to the health benefits in their package. So, we can conclude that health benefits are a significant motivation for employees. In India, medical expense reimbursements […]
How group health insurance provide holistic wellness for your employees?
Companies today are offering wellness benefits to their employees that take care of much more than just their physical well-being. It is said, having a happier and healthier workforce is equal to productive and more dedicated employees. After all, employees’ wellness is the foundation of a successful company. You, as an employer, must invest in […]
What is considered as group health plans?
If you are an employee of the company or a member of an organization, your employer or organization may provide healthcare insurance benefits. Covering all the eligible employees or members like you. Then that insurance policy is known as a group health plan. Offers Health insurance coverage in many ways such as individual health insurance […]