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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10 Factors Organisations Must Be Aware Of While Offering A Group Policy

Group Insurance Schemes can be one of the best employee benefits that an organization can provide to its employees. These policies enable the employer to fulfill the individual’s personal requirements by providing him the financial security after retirement and in special cases like accidents, physical injury, or bad health condition. The benefits of the Group […]

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Group insurance policies that offer life cover

Coverage under group life insurance policies depends on the terms and conditions under which a company buys the policy. Types of group insurance policies There are different group insurance policies that come with life insurance cover. Group term life insurance This policy offers a lump sum benefit payable to the specified beneficiary in case of […]

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Portability between insurers is allowed for individual products

Published in Mint on JUN 14 2016, Written by Abhishek Bondia I want to insure the interior furnishings of my office. What kind of insurance would be suitable? The structure of the office is already insured. —Keshav Sinha You should buy a standard fire and special perils policy. This policy will cover risks such as […]

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How does Free-Look and grace periods work in group insurance plans?

A group insurance policy is offered to a group of people, which can be both employer-employee and non-employer-employee. In a group insurance policy, there are two important terms that you should understand – Free Look Period – If a policyholder has bought a group insurance but is not satisfied with its term and conditions, there […]

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Do not rely only on company health cover for dependants

Published in Mint on 27th May 2014, Written by Kapil Mehta My mother and father have retired and have no mediclaim. However, my wife and I have added them as dependants in our company health insurance. In my company, they are eligible for Rs.1 lakh as group cover and in my wife’s, they are eligible […]

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Choose from multiple health insurance policies | Business Standard

Choose from multiple health insurance policies | Business Standard. “My employer already provides group health insurance for my entire family. Should I take individual cover, too?” Earlier, this was often asked. Nowadays, most people buy individual health insurance policies as well, due to concern on coverage after retirement, as most employer policies don’t provide for […]

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What are the Benefits of a Group Insurance Policy?

As the term itself says, a group insurance policy is designed to offer insurance cover to various groups of people, like employers-employees, professionals, cooperative societies, credit card holders, etc. The main motive is to offer insurance cover to people at low premium rates. Most of the insurers in India have come up with group insurance […]

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Universal Insurance Principles Applicable to Group Insurance Policies

Here are universal insurance principles governing the group insurance policies – The Principle of Uberrimae Fidei: It is a Latin phrase which is also known as the Principle of Utmost Good Faith. It is a very basic and primary principle of insurance that says both the parties to the insurance contract should sign it in good […]

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