How can deductible and co-pay help in lowering the price for GHI?

Group health insurance pricing is a function of claims record, no. of lives covered with respective demography, and benefit structure of the policy. An increase or decrease in the benefit structure translates into a proportionate increase or decrease in projected claim costs and hence policy premiums. In this article, we’ll get to know how can […]

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Why do I need a group health insurance policy?

Why do I need a group health insurance policy? A group health insurance policy covers a group of individuals under a single plan. The policy features affordable premiums and provides good health coverage to the insured members of the group. Corporates usually opt for a group medical insurance policy as an employee welfare benefit. The […]

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Indian health plans’ sum assured may be inadequate abroad

Published in Mint on May 24 2016, Written by Abhishek Bondia I am going on a Europe tour next month with my family and my travel agent is pushing me to buy travel insurance. I have a family floater policy, which gives me and the family global coverage. Do I need to still buy the travel […]

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Deductible and its application are key to top-up health plans

Published in Mint on  Apr 26 2016, Written by Abhishek Bondia My family and parents are covered by a general insurance policy by my employer. I want to buy a top-up health insurance plan. Shall I take it from the same insurer as my employer’s? Explain what top-up plans are. —Avijit Acharya Top-up plans are […]

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How does a GMC policy work?

How does a GMC policy work? Quality healthcare in our country has become an exorbitantly expensive affair. As per a recent report by Mercer Marsh Benefits, the medical trend rate in our country is pegged at 10%. This will be double the overall inflation of 5%. Medical Trend Rate indicates the increase in per-person cost […]

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Co-pay in group health insurance

Co-pay in group health insurance For many young establishments, the costs associated with group health insurance might be daunting. So, if you want to provide your employees the security of medical insurance without a considerable cost burden, you might want to consider co-pay. This post attempts to help you better understand co-pay in group mediclaim […]

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How to protect your fast growing business against unpredictable risks?

Cases of well-reputed companies failing to meet vendor demands and unable to maintain financial stability have been doing the rounds for the past few years. Whether it was the deteriorating financial position of Kingfisher, falling production in the Reliance KGD6 unit or Infosys losing its sheen with investors—we have heard it all. As a business […]

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