If you are covered by a group health insurance plan, you might have to claim reimbursement for medical expenses if you go to a hospital that is non-empanelled (or not a network hospital). You cannot avail of cashless hospitalisation at non-empanelled hospitals. Another reason for claiming reimbursement could be that the insurer takes time to […]
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 […]
11 Group health insurance Features That Benefit Both Employers and Employees
The employer-employee relationship is one of the mutual benefits. While employees work for the benefit of the organization, the organization is expected to benefit the employees financially and non-financially. Group insurance plans are part of the financial benefits that ensure the financial safety of employees and their families in case of contingencies. Though not a […]
Group insurance – who can be added and how often
Group mediclaim policy allows employers to provide insurance coverage to their employees. Relatively low premiums and tax deductions make it attractive to employers. On the other hand, features like extensive coverage, the inclusion of dependents in the policy, and cashless hospitalisation appeal to employees. But what type of employees can be included in a corporate […]
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 […]
The Group Health Insurance Features that Benefit Employers & Employees
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Are group health plans cheaper than individual ones?
Are you wondering whether the group health insurance plans your employer offers are cheaper than the individual health insurance plans you may buy? Then, this post is for you. It is easy to say that group health insurance policies are cheaper than individual ones for the reasons discussed below. However, it might be more reasonable […]
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 […]
How does a GMC policy work?
How does a GMC policy work? Quality healthcare in our country has become an exorbitantly expensive affair. As per a recent report by Mercer Marsh Benefits, the medical trend rate in our country is pegged at 10%. This will be double the overall inflation of 5%. Medical Trend Rate indicates the increase in per-person cost […]
How does the group mediclaim insurance benefit the employees?
Group Medical insurance covers a large number of people under a single policy. Usually offered by employers or organizations to its members. The content or specifics of Group Mediclaim Insurance policies differ from one organization to another. However, the general inclusions are: Hospitalization related expenses This includes treatment expenses incurred during the stay in the […]