GIPSA, PPN and Empanelment in Health Insurance - Explained
GIPSA, PPN in GIPSA, Points to remember before opting GIPSA services, hospitals, empanelment
February 20, 2023
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The mechanical and industrial engineering industry go hand in hand. Mechanical engineering focuses on the development, design, integration, repairs, and maintenance of machines. Whereas, industrial engineering centers around the improvement of business processes.
The mechanical engineering industry solely focuses on creating big tools and types of equipment which revolves around power-producing machines. The industrial engineers in turn brainstorm on the most effective and productive way of managing people and business ideas.
Both of these industries require specialized skills to be eligible for working in these sectors. About 3.3K companies make use of the expertise and skills that the industrial and mechanical engineers bring with them. 24.3K people having specialized skills are a part of companies having 0 - 100 employees. And 11.8K people are involved with companies having 100 - 1000 employees. More than 32K people are employed in companies having more than 1000 employees, which shows just how many specialized and skilled taskforce are present in India.
With the employees working religiously for their industry, burnout or stress is inevitable. It might lead to health problems. It is important for an employer to provide health benefits to his or her employees.
According to the Income Tax Act of 1961, the premium paid by the employers for group health insurance is exempted from tax.
Your group health insurance can easily be customized according to your employees’ requirements. You can choose to add or delete benefits as well.
In the competitive job market, providing a salary is not enough. Employees look for incentives in addition to their salary package and offering health benefits will leave an employer with a hardworking staff.
Employees’ efficiency and productivity increase when they have a sense of belonging to their organization. Your employees’ job satisfaction will improve knowing that they are protected under any medical urgency.
With technology taking over, a pool of insurance has been opened. You can easily compare different policies offered by the insurance companies and chose what is best for your employees.
The claims experience should be seamless as your employees will have enough stress with the hospitalization or injury or illness.
The CSR should be on the higher end as it ensures the credibility of the insurer.
You can choose to opt for an insurer that does not have an external TPA, to make the endorsement process simpler and more efficient.
Make sure to have add-on benefits to cover more procedures at a minimum cost.
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Pre-existing diseases may or may not be covered according to your insurance policy. They generally have a waiting period of a few months before you can make a claim.
Restoration benefits and convalescence benefits are some lesser-known additional benefits.
After a baby becomes 90 days old, he or she is eligible to be included in a group health insurance policy.
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