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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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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Can You Buy a Group Insurance Policy for Your Group/Association?

You can buy a group insurance if there are members who are gathered together with a common purpose or engage in a common activity. Further, there are some other guidelines that should be considered to buy a group insurance, like: 1. Most of the group insurance policies about the employer-employee However, the group insurance scheme […]

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What Happens if a Group Health Policy is Cancelled?

The cancellation process of group health insurance policy falls under the following heads: 1. Cancellation by policyholder/insured: If a policyholder thinks of cancelling the group health insurance policy, a 30-days prior written notice is required to be given to the insurance company. After receiving the notice, the insurer will cancel the policy for the remaining […]

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Domiciliary hospitalisation and health insurance

Domiciliary hospitalisation and health insurance Sometimes, we might need serious medical care but might not be able to leave home. In such circumstances, hospital-like treatment would have to be administered at home. This is domiciliary hospitalisation. How do health insurance providers treat domiciliary hospitalisation? This post attempts to offer some clarity on the issue. Inclusions […]

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Factors influencing the premium of a group health policy

Factors influencing the premium of a group health policy Group health insurance refers to medical insurance cover for a group. Such a group mediclaim policy can be availed by employer-employees, banks and their customers, and clubs and their members. What factors affect premiums and how? A group’s size, average age, and occupation are important determiners […]

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