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
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₹ 5,000 per life
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The aviation and aerospace industry deals with the manufacture, research, and development of flight vehicles. Air travel is essentially a very large industry as a single flight vehicle requires many smaller parts which are then assembled together to form one vehicle.
Flight vehicles are also used in the military and therefore are made with much heavy material than the ones used in air travel. The aviation and aerospace industry connects India with the world through air travel and manufacturing of various parts as well.
Around 1.4K companies are invested in the aviation and aerospace industry. According to the company size, the employees can be divided further as -
Clearly, there are many large-scale companies involved in making the aviation and aerospace industry a successful one.
The aviation and aerospace industry deals with the manufacture and development of lightweight flight vehicles. The employees nonetheless need to be secure of any upcoming medical emergency that they may face, with themselves or their families.
The premium paid by employers towards group health insurance for their employees is not taxable, i.e, it is exempted from any taxes.
You can get your group health insurance policy customized according to your employees’ needs. You can choose to add/delete the benefits accordingly.
Your group health insurance provides a financial safety net in medical emergencies for your employees and their families.
It will generate goodwill and build a stronger employer base for your company or organization.
There are a few things every employer must keep in mind before investing in a group health insurance plan for their employees. Some are -
The claim settlement ratio is a very important ratio to confirm the reliability of the insurer.
It is important to make sure that future employees can easily be added to the existing group health insurance policy without any hassle.
Group health insurance comes with zero waiting period. But for some add-on benefits, like pre-existing diseases, there might be a waiting period of a few months.
Go through the terms and conditions of your insurance policy thoroughly. Keep a check on all the exclusions in the policy that you choose for your employees.
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You must carry your identity proof like a PAN card or Aadhar card. Along with it, your company’s ID card, original hospital bills, and health card are important to claim a group health insurance policy.
Your group health insurance policy will cover a medical emergency in any part of the country. An international clause is generally excluded from a policy. Make sure to check with your insurer for the same.
A group health insurance plan, or corporate health insurance as it is known, starts as soon as you get employed in a company. It is purchased by your employer for his or her employees.
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