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 finance sector comprises not only banks and financial institutions but also stock brokerage firms, credit card companies, accountancy companies, and a lot more. The finance industry provides its consumers with economical services. It is a major factor in our country’s GDP and imports/export.
We manage and sift through our finances on a day-to-day basis. Technology has established its rule in the financial sector as well by making the consumers and buyers dependent on it. Financial services are now just at our fingertips! We can make huge transactions through our mobile phones only. This 5.20 Lac company's strong industry has made a cashless and digital India possible. There is about 5.85 Lac population engaged in financial services with 0 - 100 employees. Moreover, 100 - 1000 employee companies and 1000+ employees companies provide employment to 1 Lac and 2.01 Lac population respectively.
Financial services include providing group health insurance as well. And safe to say, investment of any sort should be made keeping in mind all the pros and cons of your chosen policy. You should invest in a group health insurance benefit for your employees as it will work as an additional medical safety net.
Since group health insurance policies can be customized, your employees can cover a large number of benefits.
Your group health insurance policy will cover pre-hospitalization expenses incurred for 30 days.
Your post-hospitalization charges will be taken care of for up to 60 days.
Your group health insurance policy does not require any medical checkups to be done before the issuance.
Some important points to keep in mind while choosing a group health insurance plan are -
The CSR is simply the number of claims settled to the number of claims received by an insurer. Make sure that the CSR ratio is always high.
Your insurance company should have a wide range of network hospitals to take care of your employees geographically.
In addition to the health care plan that you choose, you can opt for some add-on benefits.
Your insurance should cover covid-19 related hospital expenses in your policy.
For any queries or assistance, reach out to us at any time. We provide 24X7 customer assistance.
Financial services cover a lot of sectors and insurance is one of those.
The claim settlement ratio signifies the credibility of your insurer. Higher the ratio, the higher the chances of your claims being settled easily.
Yes, every add-on benefit comes with a nominal increase in premium.
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