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 […]
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 […]
How can employers design a voluntary top-up group health insurance? Suggest appropriate deducible amount
A top-up insurance plan within group health insurance covers hospitalization costs. But, only after a threshold limit is crossed. This threshold limit is known as deductible i.e, a portion of the claim amount that is not covered by the insurer and has to be paid by the policyholder. Once the claim amount crosses the deductible […]
How can employees take advantage of group to individual portability?
As per Health Regulations 2016, portability guidelines, members covered under any group health insurance policy of a general/health insurer can port/migrate from a group policy to an individual policy with the same insurer. Though group health insurance schemes do not provide all the benefits which are available in an individual policy, they seem to be more relaxed. This guideline is extremely […]
What are the options for a company to buy insurance for expat employees?
Most companies now have global operations. The statutory laws of the foreign land may require them in order to provide coverage. To expat employees working in their respective geography. Since in most countries the local law regulates insurance while buying the for expat employees. It is important to ensure that the policy is admissible in […]
Features of a Group Health Insurance Policy
The comprehensive features of a Group Health Insurance Policy go beyond the conventional coverage. From obtaining a health card and availing health checks to the myriad benefits like maternity coverage, tax benefits, and the hassle-free cashless claim facility, members get the various features that make choosing the right plan imperative. Insured get there are different […]
Features of Group Health Insurance – Infographic
In today’s dynamic world, employee benefits play a pivotal role in attracting and retaining talent. Group health insurance is one such benefit that offers security and peace of mind to employees. Group health insurance is a type of insurance that provides coverage for the medical expenses of a group of people. This group typically consists […]
What you need to know about the Exclusions in Group Mediclaim Policy?
While as an employer, you might think that it is essential to provide a safe health cover to your valuable employees, you may have come across several benefits of Group Health Insurance. Most of these mention the fact that in a group mediclaim policy, there are certain unique benefits that are often missing in individual […]
The benefits of employee group health insurance
Employee group health insurance is a type of insurance policy purchased by employers to provide healthcare coverage to their employees. It typically covers medical expenses such as hospitalization, surgeries, and medical consultations. Group health insurance policies are affordable and provide coverage for pre-existing medical conditions, making them a popular employee benefit. Employers can choose to […]
What are the advantages of a Group Health Insurance ?
What are the advantages of Group Health Insurance? Group health insurance offers coverage to a group of people, as members of a society or employees of a company. The organization can either self-design a plan or choose a pre-planned insurance policy from the insurer. Key Takeaways The “Auto-Cover” Mechanism: Simply being part of the organization […]