Group health insurance plans usually offered by the employer are usually cheaper than an individual health insurance plan. Though each of these plans comes with its own benefits and exclusions, group mediclaim insurance plans are more cost-effective than health insurance plans for an individual, for various reasons. The following are the reasons why group health […]
What is employer-employee insurance?
What is employer-employee insurance? An employer buys an employer-employee insurance policy to insure the life of their employees. Additionally, it is an arrangement that suggests that the employer has an insurable interest in their employees. Also, such an insurance policy encourages employees to stay with the employer. Where is Group Health Insurance applicable? This group […]
Group and Individual Health Insurance — Chief Differences
With the increase in the occurrence of critical illnesses all around us, you need a shield in the form of health insurance for medical emergencies. However, insurance companies in India offer several products and it can be confusing to choose the best one for you. Of the many choices in health insurance, two are individual […]
Are group health policies tax deductible?
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 […]
How to build a satisfied workforce without compensation as the only tool?
Without the hard work and determination of your employees, your business will not make significant strides. Therefore, employees are your greatest assets, and as an employer, it’s your responsibility to keep them happy in a financial and emotional way. Thus, the key to building a successful business is to build a satisfied workforce. And make […]
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. Relevant information What then is relevant information in the context of an insurance proposal? This refers to the facts and information that the […]
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 […]
Why you are advised to buy an independent health plan even after being covered by a GMC
If you are a salaried employee, chances are that you are enjoying an employer-sponsored group mediclaim policy. If the employer is paying the premiums of the policy under its employee benefits program, the coverage is even free for you. Alternatively, you might also enjoy group health insurance coverage by being the account holder of a […]
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. Group medical insurance A group […]
What are the risks that may hamper your business’ productivity?
Irrespective of their industry, most organizations focus on maintaining high productivity at work. The business owners think they can ensure smooth business operations when the hired workforce is giving its best at work. However, sustaining productivity is not as easy as it may seem. It requires maintaining a conducive environment for the employees so that […]