Group Health Insurance
] For every employer, it is important to have comprehensive employee health insurance to cover their employees in the event of medical emergencies. Offering a good group medical insurance plan to your employees can give them a sense of security and help you retain the best talent and strengthen their motivation to drive your business […]
What is the right price to pay to buy for a Group Health Insurance policy? A group health insurance policy is one that covers multiple individuals under a single policy. The policy is issued to recognized groups for covering their members. A master policy is issued which contains the name of the insured members and […]
Group health insurance is a medical insurance which offers health cover to employees of an organisation at affordable premium rates. Group health insurance premium is calculated after taking various factors into consideration. Below infographic explains these factors which affects the premium rates and the right price to buy this policy.
What is room rent capping in Group Insurance (Group Mediclaim)? Hospital costs are linked to the type of room availed e.g., Doctor’s fees in single ac room would be higher than that of shared room. Hence insurance company have put conditions for room eligibility. All costs thereafter are payable as per the eligible room rent. […]
Nowadays most of the organisations offer group insurance policies to their employees. Group insurance policies like group health insurance, group term insurance, etc.; are some of the policies which are offered to employees. On the one hand, these insurance policies bolster the morale of employees, on the other, these are an added cost to the […]
It is a good move to offer group health insurance to your employees. In fact, this insurance will not only help you keep your employees motivated, but it will also help you save taxes. While it is beneficial to have a group mediclaim insurance for your employees, there are some ways through which you can […]
Recently a large food company was about to finalize its mediclaim for their employees. The company had completed its ground work and finalized terms and conditions. At the very last moment, a senior executive of the company called us for a second opinion on the purchase. I rolled my wheels and went to meet the […]
How are premium rates determined for employee group health insurance plans? Employers buy group health insurance plans for their employees as a part of their employee benefit program. These plans provide affordable coverage to existing as well as new employees of the organisation. The sum insured is determined by the employer or organisation and might […]
How does renewal pricing work for group health insurance? A group health insurance policy covers multiple members of a group under its scope. A single policy is issued covering all the members and the policy is called a Master Policy. While issuing the group health insurance policy, the insurance company fixes the premium of the […]
