Group health insurance is one of the most sought-after and least expensive employee benefits in India. Explore this article thing you need to know about group medical cover for your employees, in one place.A to Z of Group Health Insurance Group health insurance for employees is a type of insurance that is purchased by employers […]
Why India Needs an Obamacare Clone?
The Union budget of 2016-17 is being regarded as a progressive budget from the standpoint of health insurance. Under the new scheme, the government has announced coverage of up to 1 lakh rupees per family. The premium of health insurance increased from rupees 15,000 to 20,000 and from 20,000 to 30,000 for senior citizens. Additionally, […]
10 Benefits you should customize in a Group Insurance Policy
With increasingly stressful work environments and very little activity, the majority of organizations are aware of the need to cover their employees with some sort of medical and personal accident coverage. While providing a group health insurance policy an organization or association, mainly covers various health aspects, health insurance coverage, affordability, and scope of benefits. […]
Why should startups buy Group Health Insurance?
Health insurance is one of the most important insurance covers. It’s the second most bought insurance afterlife insurance in our country. Employers always try to offer the employees to buy group health insurance, as an employee benefits package as it covers all the employees under a single master policy and is available at economical pricing. […]
The Group Health Insurance Policy
What is Group Health Insurance Policy? Group Health Insurance (or Group Mediclaim) provides healthcare coverage to a group of people belonging to a common community (typically as employees of a company). Group Health Insurance plans are generally uniform in nature, offering the same benefits to all employees or members of the group. However, the biggest […]
Maternity benefits in Group Health Insurance
One of the features that young employees value is maternity benefits in group health insurance. This post explores what makes this feature so appealing to employees. Maternity benefits available in a Group Health Insurance Policy : A group health insurance plan typically provides the following maternity benefits to the insured : 1. Maternity sum assured […]
Cover for pre-existing conditions in group health insurance
An advantage of buying group health insurance is that benefits can be significantly enhanced over a standard policy. One such benefit relates to pre-existing conditions. In this post, we examine the meaning of pre-existing conditions and how insurance companies cover them. We also look at how employers can offer employees a great deal of coverage […]
Room-rent cap in group health insurance
Health insurance providers specify a room-rent cap in a group health insurance policy. This post seeks to examine what this cap is and what its implications are, especially in the context of group medical insurance. Room-rent cap Simply put, a room-rent cap in group health insurance is an upper limit that a health insurance company […]
Fewer waiting periods with group health insurance
A standard individual health insurance policy comes with different waiting periods for various diseases. What this means is that after buying an individual medical insurance policy, you might have to wait for some time before submitting a claim. The amount of time you have to wait might differ based on the medical treatment as well […]
Can a husband and wife be covered under group health insurance?
Group health insurance plans are the healthcare benefits offered to the group, company or all the eligible members of typically a group of employees. Most of the companies offering healthcare benefits for employees also allow them to avail cover for their dependent family members such as a spouse, dependent children, and parents. That means a […]