GIPSA, PPN and Empanelment in Health Insurance - Explained
GIPSA, PPN in GIPSA, Points to remember before opting GIPSA services, hospitals, empanelment
February 20, 2023
Total estimated yearly premium
*only basic terms and conditions applied
₹ 5,000 per life
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The modern business world thrives on its usage of technology to deliver results with minimal errors. The accounting industry is the umbrella term for analyzing, recording, and communicating the desired information about financial transactions. From a roadside stall owner to a multi-million company, accounting is required by all. Around 8.6K companies are engaged in the accounting world.
Accounting is not only about numbers but also financial planning. The taxes, payroll, budget, etc, everything is a part of the accounting industry. Using technology, accounting firms have reduced paper wastage and huge calculations can be done with just a few clicks! Accounting functions require some industry-based skills and knowledge, therefore, about 17.2K people are involved with companies having 0 - 100 employees. Companies having 100 - 1000 employees and 1000+ employees constitute about 10.2K and 17.8K of India’s population.
As accounting is very well a part of every other industry and business, group health insurance also relies on accounting to manage and settle its claims and provide the assured sum to the policyholders.
Group health insurance has become a necessity for people of all ages. The one major learning from the pandemic that we got is to manage our finances better. Medical emergencies can arrive any day without any warning. To make sure your employees are ready to tackle the same, you should invest in a group health insurance policy.
Group health insurance is more economical and affordable than individual covers. The premium paid is also reduced because the number of insured persons is more.
Your group health insurance plan can be customized easily. Instead of spending thousands of rupees on unnecessary additions, you only pay for what you require.
When your employees will be aware of a security blanket, if and when a medical emergency arises, they will be better prepared to handle it. Their mental health will not suffer because of the same.
When an employee feels taken care of in his or her company, the employee retention rate increases.
There are many things you must know before making an investment in your insurance. Too many options can overwhelm you, so make sure that you make an informed choice when it comes to insurance.
Doubly check the exclusions in your group health insurance policy to be prepared for the same if required.
Read through the terms and conditions of your insurance policy to make sure that you get the maximum benefit out of it.
A high CSR would mean that the insurer you are choosing is trustworthy. The claim process should be seamless as it can leave a bad taste in the mouth if not done properly.
There are many add-on benefits to your policy that you can buy. For example, dental surgery, eye operation, etc can be easily added to your insurance as an add-on.
For any queries or assistance, reach out to us at any time. We provide 24X7 customer assistance.
Yes, you can choose to add your parents or in-laws to your group health insurance policy.
The premium paid towards your group health insurance will be determined while keeping certain parameters in mind like the age of employees, the number of insured persons, location of the office, etc.
You can either get treated in a network hospital or a non-network hospital. If you choose the former, your treatment will be fully cashless after the verification of documents. But if you get treated in a non-network hospital, you can apply for a reimbursement claim, where the bills need to be settled at the hospital beforehand.
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