What kind of disease-wise capping can be put in GMC to manage price?

With disease-wise capping, an insurer can reduce claims out-go and hence its risk for the GMC. Though you can select the list of diseases and respective capping for a group policy insurers have pre-defined slabs of lower limits, default limits, and higher limits. Below is an illustration of these slabs –   Lower Limits – […]

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Who is the right insurer for a start-up GMC?

When you are buying group insurance for the first time, you have to be extra cautious in your choice of service partner. There are 20+ general and health insurance companies in the market offering group health insurance services. Choosing among them can be a tough task. Below mentioned are few parameters that can help you […]

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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 are more relaxed, they do not provide all the benefits which are available in an individual policy. This guideline is extremely beneficial for members who move out of the group and […]

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What are the limitations of a Group Health Insurance for an employee?

Though group health insurance policies are extremely flexible by design in terms of enrollment and operability, they come with their own set of limitations. Below we highlight few limitations of the group health insurance program –   The employee has little or no control over their individual coverage. The benefit structure of the group plan […]

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Should you select Group Mediclaim based on premium?

Should you select Group Mediclaim based on the premium? Offering a good group medical insurance plan can give employees a sense of security and help retain the best talent and strengthen their motivation to drive your business towards heights of success.  As an employer, you can get tax benefits on the amount of premium paid […]

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Things to remember when choosing group health insurance

  Things to remember when choosing group health insurance The importance of medical insurance has only increased post Covid-19. For employers, this means selecting the right group health insurance for their employees. The best group mediclaim policy would be one that offers the maximum benefits at a reasonable cost. If you are an employer looking […]

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Features of Group Health Insurance

Features of Group Health Insurance A group health insurance plan provides medical coverage at very affordable premiums. Individual members of a group get automatic coverage under the master policy if the group buys insurance for them. Who can buy group health insurance?  Recognised groups, such as employer-employees, trade unions, clubs, associations, etc., can buy a […]

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Filing a claim under group health insurance policy

The process for filing a claim under a group health insurance policy depends on the hospital and the type of treatment. Claiming health insurance in-network hospitals A network hospital is one that has a tie-up with an insurer. Members covered under group health insurance can get cashless hospitalization from network hospitals. This means that the […]

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