What is Disease Specific Waiting Period for group health insurance?

A waiting period in the group health insurance refers to a span of time which needs to be covered before the listed ailments covered under this policy begins to get covered. There are three different types of waiting period: Commencement of health insurance plan Pre-existing disease coverage Maternity waiting period For the commencement of the […]

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What Does the Pre And Post Hospitalization Expenses Cover?

Often hospitalization is required after a series of tests and treatments have already been performed without improvement in the patient’s condition. Also, similar expenses will be incurred after the patient has been discharged from the hospital. Most individual and group health insurance plans have provisions to cover such expenses. Pre-hospitalization expenses refer to the expenses […]

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Which Factors Affect the Premium of a Group Health Policy?

Following factors affect the group health insurance premiums: Size of the group Average age of the group Type of Occupation of the group members Claim history of the employer (the group administrator in case of informal groups like travel and banks’ customers, RWAs, medical associations, etc.) Features and Riders Opted in the Plan Individual Effect […]

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Should You Include Dependent Parents of Employees in Group Health Insurance?

Allowing inclusion of parents of employees under the group policy has its own advantages and disadvantages. While including them or not including the parents should entirely be your description understanding the implications will help make an informed decision. Advantages of Inclusion Disadvantages of Inclusion Great relief to the employees Increased claim rate Very few employers […]

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What Are Additional Benefits Available Under Group Health Insurance?

Group health insurance policy provides standard cover to a group of employees or associated members. The employer can bear the premium cost (in the case of employer-employee relation) or the group members jointly. There are top-up covers available to an employee, which makes it a contributory plan. This means that employees have an added option […]

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What Is Covered Under Group Health Insurance?

Group health insurance offers many benefits to employees, or its members, covered under the policy. Complete hospitalisation expenses incurred by an employee on self and dependents like spouse, family, and parents, are covered under a group health insurance. Group health insurance policy is provided to incentivise employees. Every employee has the benefit of group health insurance […]

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Common General Insurance Terms You Should Be Aware Of

Here are some of the terms commonly used in case of general insurance: Insurance: It is a contract between two people (or companies) wherein one of the persons agrees to cover the risk of the former and promises to compensate him in the case of any loss. Proposal: It is the application form for applying […]

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