Top 10 Insurtech Companies in India Revolutionizing the Insurance Industry
Explore our curated list of the top 10 insurtech companies in India.
May 28, 2023
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₹ 5,000 per life
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Industry Wise Group Health Insurance Policy For Employees
The consumer services industry provides myriad services to its customers. The business deals with education services, training services, daycare services, etc. The majority of these services are becoming online as it is less time-consuming and more efficient.
People have shifted their focus from offline to online because of the highly competitive nature of the business. Online consumer services include banking, shopping, and bill payments among others. A number of companies are involved in making consumers’ lives easier by providing services with just a click on the phone. Around 1.89 Lac companies provide consumer services in India. 7.78 Lac people are white-collar workers, managing the logistics and backend work for companies with 0-100 employees. Similarly, 2.97 Lac and 1.47 Lac people are employed to take care of companies with 100-1000 and 1000+ employees.
Your group health insurance policy will only cover the benefits of your choice and requirements. You can easily make adjustments to suit your employees.
One of the biggest benefits of investing in group health insurance is that the amount paid towards the premium can be used to claim tax benefits under Section 80D of the Income Tax Act. Hence, group health insurance tax benefits can be used by the employer/employee.
Offering health benefits will create a sense of satisfaction that they will get adequate financial assistance in medical emergencies.
Your employees can insure their family by including spouse, children, and parents or in-laws in the group health insurance policy provided by their employer. However, the group health insurance policy coverage is subjected to the type of group plan opted by the employer.
Confirm with your insurer about the endorsement policy beforehand to avoid any delays in the future.
The first marker of a reliable insurer is the claim settlement ratio of the previous policy year.
Having a wide range of network hospitals should always be preferred as it would become easier for your employees to locate a network hospital near them.
Make sure to go through the fine print of the insurance policy to understand the exclusions in the group health insurance policy of yours.
Hence, these are some of the important things to know before buying the employee group health insurance
For any queries or assistance, reach out to us at any time. We provide 24X7 customer assistance.
Yes, ICU and room rent charges are included in the in-patient hospitalization clause of group health insurance. The expenses incurred are capped and included in the insurance policy.
You can claim group health insurance till your sum insured gets exhausted in a financial year.
You can get cashless treatment from your group health insurance if you choose to get treated in a network hospital.
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