20 smart questions HRs must ask their brokers before buying group health insurance
Hidden Costs? Ask These 20 Questions Before Buying Group Health Insurance
By Pazcare
May 5, 2025
Group Health Insurance - For the consumer goods Industry
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Consumer goods industry - Overview
The consumer goods industry is a very vast industry that can comprise everything and anything that consumers purchase for their own use. Raw materials are not considered consumer goods; they need to first be molded into usable items for the consumers. Clothing, jewelry, etc are all part of the consumer goods industry.
Because the population is large, the consumer goods industry of India is thriving. It promotes foreign exchange, import/export, and GDP as well. Since it is a humongous industry, there need to be employees at all levels to ensure that it works smoothly. To safeguard the interests of the employees, group health insurance can be bought by concerned authorities for their employees.
Why buy group health insurance for the consumer goods industry?
The consumer goods industry is spread far and wide. Even if a single member suffers, the chain would be disrupted. It is better to take certain measures to ensure the safety of the industry and the workers who make it a success.
- Tailor-made
Your group health insurance policy can be tweaked to suit your needs.
- Safety net
Your employees and their family will have a safety net around them to support them in any medical emergency that may arise.
- Job satisfaction
Your employees will be encouraged to work efficiently in their jobs.
- Branding
As a company or a business owner, it is imperative that you generate goodwill among your peers and employees. This will help in building your brand too.
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Things to know before buying group health insurance for the consumer goods industry
HRs should make sure that the group health insurance policy that they are investing in is customized to suit their employees' needs. It cannot be humanly possible to cater to every need of every employee, but some basic things should be kept in mind to ensure a smooth insurance experience.
- Claim settlement ratio
You should always check the claim settlement ratio of the previous financial year before choosing your insurance company.
- Claims experience
Your insurance claim experience should be seamless and worry-less. Manually getting the claims settled could be a cumbersome process.
- Easy endorsements
Every employee’s endorsement should be a smooth process without the involvement of a third-party administrator.
- Network hospitals
Check the list of network hospitals located geographically in different states for your remote team to easily locate one near them.
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For any queries or assistance, reach out to us at any time. We provide 24X7 customer assistance.
Pazcare
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Group health insurance for consumer goods employees FAQs
For group health insurance, is the premium paid by the employer?
Yes, group health insurance premium is paid by the employer.
Is there any waiting period for group health insurance?
No, a group health insurance policy starts from day 1.
What if I don’t get a network hospital near my location?
You can get your treatment from a non-network hospital as well. After the treatment, you can apply for a reimbursement claim to your insurer. Make sure you carry all the original and settled hospital bills with you.
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