Most HR managers and finance teams think about group health insurance (GHI) primarily as a welfare measure – a way to attract good talent and keep employees secure. That is certainly true. But here is what often gets overlooked in payroll meetings and budget reviews: a well-structured group health insurance plan is also one of […]
Converting GHI to Individual Health Insurance on Leaving Employment
For millions of salaried employees across India, Group Health Insurance (GHI) provided by their employer is often the only health cover they have. It is convenient, affordable, and – while you are employed – comprehensive. But the day you resign, retire, or are laid off, that coverage ends. And it ends abruptly. What most employees […]
Maternity Benefits in GHI — What the Policy Covers?
Childbirth in India is no longer an inexpensive affair. A normal delivery at a private hospital in a metro city can cost anywhere between ₹50,000 and ₹1.5 lakh. A Caesarean section can push costs well above ₹2 lakh — and that figure climbs sharply if there are complications or if the newborn requires neonatal care. […]
How Does Group Health Insurance Vary in Different States or Cities?
Group health insurance plans shield the employees, the most valued assets of the organization. Though most group insurance plans provide comprehensive coverage at a relatively lower cost, the policy can vary significantly depending on the state or city in India. State or city healthcare infrastructure, cost, local regulations, and industry competition can play a major […]
What Are the Different Types of Premium Calculators?
Insurance is essential for individuals and businesses to manage financial risks. Insurance products offer protection against unforeseen events like illness, accidents, or property damage, providing financial security and peace of mind. Be it health insurance, term insurance, property insurance, or any insurance product, buying the right one takes a lot of research and comparison. Insurance […]
Group Health Insurance Plans for self-employed
Self-employment offers individuals in India the freedom and flexibility to pursue their professional aspirations. However, being self-employed also means shouldering the responsibility of securing one’s own health and financial well-being. Considering this, group health insurance policy for self-employed individuals has emerged as a valuable solution, providing comprehensive coverage and peace of mind. Therefore, this article […]
Converting Group Health Insurance to individual
Converting group health insurance to individual health plan can greatly lower your costs and save money while still receiving the same coverage. Group insurance policies for employees’ plans are typically more expensive than individual plans, so switching over could save you significant money. Additionally, when it comes to individual health plans, there is often greater […]
Video-Important features of Group Health insurance
Important features of Group Health insurance Opting for a group health insurance plan with maximum features and add-ons can guarantee extensive coverage, reduce employee expenses, and offer extra protection for their health, including wellness programs, dental and vision coverage, and critical illness coverage. It is beneficial for both employers and employees alike. A comprehensive group […]
Types of Group Medical Insurance Policies in India
Insurance is an important component of your employee benefits packages. More employees today have access to group medical insurance policies, which cover medical, dental, and vision expenses as well as life insurance for their families. Ensuring your employees takes planning. However, there are several types of plans to choose from when deciding how best to […]
Get to know about the tax implications of group health insurance
If you are a part of a group and the group has opted for the group health insurance scheme; you should know of the tax implications and benefit of the same. A group health insurance policy is popular amongst registered groups, especially employer-employee groups. This is because of the following reasons – The group health […]