Published in Livemint. The moment of truth for a health insurance product is when a policyholder raises a claim. So in rating insurance policies for customers, claims data becomes an important parameter by which to assess an insurer. Mint SecureNow Mediclaim Ratings (MSMR), too, looks at claims data available in the public domain when rating health insurance […]
Articles Tagged: group insurance
Insurance companies can now sell short-term covid-19 health plans
Published in Livemint In a bid to offer better coverage to policyholders amid the covid-19 pandemic, the Insurance Regulatory and Development Authority of India (Irdai) has sent out draft guidelines to all general and health insurance companies, mandating them to offer standard indemnity and fixed-benefit plans for covid-19. Life and general insurers have also been […]
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 […]
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 […]
How to 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 […]
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 […]
Universal Insurance Principles can be applied to Group Insurance Policies
The universal principles of group health insurance include risk pooling, where the costs of healthcare are spread across a group of people, and community rating, where premiums are set based on the average cost of healthcare for the group rather than the individual’s health status. The aim is to ensure that big, medium, and smaller […]
Which group insurance policies you should buy for your startup?
Being an entrepreneur may sound like an exciting thing to you. However, there are certain things that need to be taken care of in order to ensure the smooth functioning of your business. Moreover, when you have a start-up, protecting it from all risks becomes more important because funds are limited, but the risks are […]
SecureNow makes the shortlist for the Claims Awards Asia-Pacific 2017 – the only Insurance Broker from India to make the list
SecureNow was shortlisted for the Claims Awards Asia-Pacific 2017 on Monday, September 11, 2017. SecureNow, top insurance company in India, was nominated in the Claims Innovation of the Year award for having taken technology driven initiatives in this sphere which have simplified processes. It is the only Insurance Broker from India to have made the […]
What all benefits are coverable under a group insurance policy?
As the term itself says, a group insurance policy offers insurance cover to a group of people, which can be employers-employees, professionals, cooperative societies, and certain other sections. The benefits of group insurance policies are available to people irrespective of their age, economic background as well as profession as long as they remain members of […]