Health insurance is an important necessity for every individual in the family. Especially, if you have dependent elderly parents, it is important to have employer health insurance coverage for them considering their age. They would require frequent medical attention as they age. Considering the skyrocketing healthcare inflation, having financial protection for medical emergencies is crucial. […]
Difference between company health plans of private and public sector insurers
The differences between company healthcare plans and commercial and public insurers are a critical factor that significantly affects the state of employee healthcare. Profit-driven insurers in the private sector frequently place a high value on flexibility and customisation in their health plans, modifying their offers to suit the various demands of both employers and employees. […]
What are punitive damages in the context of workplace accident insurance?
Workplace accident insurance is a legal requirement, that provides financial protection to employers by compensating employees who get injured on the job. It protects employers from lawsuits, promotes workplace safety, and ensures a prompt and fair resolution for workplace injury claims. Having workplace injury insurance exhibits a commitment of the employer toward employee welfare and […]
What is the claim process under professional indemnity insurance?
how a professional indemnity insurance is boon for professionals and how to buy it? Infographic
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Group Accident Guard Policy – Key Considerations for Legal Responsibilities
Accidents are inevitable. Employees are most valued assets of any business, so it is crucial to protect them financially in any unforeseen events. As a part of employee welfare programs, most organisations avail various group insurance covers to protect employees during unforeseen events. This includes group term insurance, group health insurance, group accidental insurance policy, […]
Benefits and coverages under Student Safety Insurance Policy
Benefits and coverages under Student Safety Insurance The student safety insurance policy is offered to students and can be availed by educational institutions such as schools, colleges, etc. In case any unfortunate events such as death, temporary or permanent disability, etc happen to the student, the claim is issued under the name of the educational […]
Why Should Educational Institutions Buy Student Group Medical Policy?
Many educational organizations are still in a dilemma to figure out the best insurance plan for their students and staff. Deciding whether an individual or group educational institution insurance plan is best for the students is difficult and will depend on various factors. Therefore, this blog is dedicated to providing schools and other educational institutions […]
How can the premium rates be set for group health plans?
Employers strategically invest in group health insurance plan as a pivotal component of their comprehensive employee benefits program. These plans serve as a financial lifeline, rendering affordable coverage not only to existing employees but also to newcomers within the organizational fold. The intricacies of these plans, from the sum insured to the premiums, form a […]