Boosting business and especially employee productivity can be tricky. While most managers today understand that the efficiency of the workforce is affected by factors that go beyond earning a decent salary, it is more about improving employee engagement and giving them a sense of belonging, letting them know that their contribution is indispensable for the […]
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 […]
20 employees in Your Firm? You are Eligible to Enjoy the Benefits of Group Health Insurance!
All companies, big or small, should buy group health insurance for their employees. Read more about the minimum number of employees your company must have before buying this policy.
Capped expenses in group health insurance
In a group health insurance plan, an insurer can apply caps on certain expense heads. Capping of expenses under group health insurance refers to the maximum amount or the limit that the insured can avail for a specific head under a group health insurance plan. If the capped expenses under one of the heads exceed […]
Group Health Insurance Explained
What is group health insurance? Group health insurance is a medical benefit plan offered to a group of people. However, this group can be of employees working in an organization or members of a society or an association. The plan also offers coverage to this group against hospitalization expenses for medical treatment. Medical insurance policy […]
Adding members’ parents to group health plans — concerns and alternatives
Increased life expectancy comes with rising medical expenses. Thus, many young people consider it prudent to buy health insurance cover for their parents. What this does is ensure the best medical care without a major financial burden. So, as an advantage, there is a provision for adding members’ parents in group health insurance plans. Most […]
Five schemes to reduce employee turnover
India’s workplace ecosystem is full of challenges and opportunities. An employer can hire the best people available, but at the same time, risks losing them to competition. Likewise, employees can perform well and move up the rung in the same organization or can leave and join an organization that offers greater scope for growth and […]
How to improve the health of your workforce and reduce their sick leaves?
Employees are entitled to a certain number of sick leaves per year as per the policy of a company. Even though giving sick leaves to an employee in case of any health emergency, normally upsets the work schedule of a company. An organization may require a particular employee to deliver in time; yet, an employee […]
Why group mediclaim insurance is better than medical expense reimbursement
Why group mediclaim insurance is 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 […]