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 […]
Group health cover post retirement
For employees, group health insurance offers many benefits. It is often also an incentive to stay with an employer. But what happens when you retire from your job? Does your corporate mediclaim policy continue to cover you? This post attempts to provide some clarity on this question. Insurance options for the retired If you are […]
How is Indemnity defined under Professional Indemnity Insurance?
A person becomes liable for damage to any property or person caused by the services offered by his business. For providing professional service or advice, a person can face claims of negligence or breach. Under professional indemnity insurance ‘Indemnity’ defines as follows: An indemnity includes claims arising due to the losses or the damages made […]
How to Customize a Group Health Insurance Policy?
Customizing a group mediclaim policy means adding more relevant benefits to it to meet your needs and motivate your employees to stay with your company. Read more here.
Conditions for organ donation under group insurance
While awareness about organ donation has increased in India, the cost associated with organ donation often acts as a barrier for both donor and recipient (the person who receives the organ). The cost associated with organ transplantation remains high due to various factors, including medical procedures, post-transplant care, immunosuppressant drugs, and infrastructure requirements. Efforts are […]
What Is Covered Under Group Health Insurance?
Group health insurance offers many benefits to employees, or their members, covered under the policy. Complete hospitalization expenses incurred by an employee on self and dependents like spouse, family, and parents, covered under a group health insurance. A group health insurance policy is provided to incentivize employees. Every employee has the benefit of group health […]