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. Firstly, group health […]
Types of Group Health Insurance Policy in India
Insurance is an important component of your employee benefits packages. More employees today have access to group insurance plans which cover medical, dental and vision expenses as well as life insurance for their families. Insuring your employees takes planning. However, there are several types of plans to choose from when deciding how best to cover […]
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 benefits 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 […]
Artificial Intelligence in Insurance
Companies must prepare themselves to adapt to the shifting business environment as Artificial Intelligence becomes more fully entrenched in the sector. Insurance executives must grasp the variables that will influence this shift. As well as how artificial intelligence in Insurance (AI) will affect claims, marketing, underwriting, and costing. With this insight, they can begin to […]
The Market Landscape in Insuretech
In India, the InsureTech environment is still in its infancy. In comparison to the worldwide average of 6.5%, present insurance penetration in India is relatively low, with 2.76% for life insurance policies and 0.93% for non-life insurance plans. The present InsureTech industry in India is controlled by a handful of new-age insurers such as Digit, […]
Role of InsureTech in Life and General Insurance
Insurance firms are not often seen as technical trailblazers. An insurance company’s connection with its customers has always been occasional, transitory, transactional, and pecuniary. Thus, they have never felt the need of being at the forefront of technology. Today, in the age of smartphone and cloud services, insurance companies continue to be among the most […]
Drivers for the Digital Insurance Trend
The COVID epidemic is increasing the adoption of online platforms in India, providing insurance firms with a critical new channel for engaging and serving clients. This year’s customer surveys and sales statistics reveal that the epidemic has quickly boosted public knowledge about both medical threats and insurance products in India. As a result, insurance platforms […]
The Importance of Financial Inclusion in Insurance: Dvara Report Synopsis
The insurance sector plays an important role in the economy. It serves two main functions – ensuring adequate coverage of risks and the realization of assets and liabilities. It can enhance social movement by helping people and households to withstand shocks that might impair their assets and future earning capacities throughout their entire life course. […]
How does PPN network work in GMC policy, which insurers provide this?
PPN stands for Preferred Provider Network. It is the network of hospitals that have deeper tie-ups with respective health group insurance companies to provide seamless and cashless claim services to their policyholders. A hospital joins PPN when both the hospital and insurance company synchronize in their approach on how to serve the policyholders. Therefore, the […]