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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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What are the benefits of a group health insurance?

The importance of health insurance is known to everyone. There are multiple types of health insurance plans available in the market. These include individual plans, family floater plans, unit-linked health insurance plans, and group mediclaim.  While a lot is known about the first three types of health plans (as we select the service provider and […]

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General exclusions under group health insurance

With healthcare costs rising every year, health insurance is a great form of compensation for employees. Additionally, group health insurance plans provide tax benefits for employers and help them hire and retain good employees. Employers purchase group health insurance policies for all their eligible employees. Such policies usually cost less than individual policies since the […]

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