Right insurer to buy a Group Health Insurance Policy from Selecting the right insurer for buying the group health insurance policy for employees is a crucial decision that can impact your employees’ well-being and your company’s bottom line. Keep these key factors in mind and choose a provider that aligns with your business needs and […]
Articles Tagged: group medical coverage
I am offered an option between choosing a Public Sector (PSU) or a private insurer for my group health insurance. How do I decide? What are the benefits I can enjoy if I choose either type of insurer?
There are unique benefits to choosing either type of group health insurer. A few private insurers provide faster claim settlements as compared to PSUs. However, PSUs offer GIPSA (General Insurance Public Sector Association) packages through PPN-listed hospitals which brings in a greater rationalization of the claims cost structure in billing. Standardized packages and rates safeguard […]
Disease-wise capping: How can it help 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 – Disease-wise capping can be […]
Types of endorsement scales in group medical insurances
As an organization contemplating group medical coverage (GMC), you might have encountered different types of endorsement methods. This post helps to make sense of these endorsement methods. Insurers frequently use two types of endorsements methods in the case of group medical insurance: Pro-rata As the name suggests, pro-rata means proportionate. In this endorsement method, the […]
Right Insurer to buy Group Health Insurance – Infographic
There are many public and private insurance companies that offer group health insurance with a range of benefits. Choosing the right Insurer to buy Group Health Insurance is crucial for any business owner. Factors to consider when choosing insurer for buying Group Health Insurance The following are some key factors to consider when selecting an […]
A to Z of Group Health Insurance
Group health insurance is one of the most sought-after and least expensive employee benefits in India. Explore this article thing you need to know about group medical cover for your employees, in one place.A to Z of Group Health Insurance Group health insurance for employees is a type of insurance that is purchased by employers […]